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Teaser Disclaimer

This document and the information presented herein are strictly confidential and may not be distributed to any person or entity other than the recipients hereof. This document shall not constitute an offer to sell or the solicitation of any offer to buy shares or interest in any vehicle or partnership of IPSE, which may only be made at the time a qualified offeree receives the applicable IPSE confidential private placement memorandum, subscription documents and governing documents (collectively, the “Offering Documents”). Any terms summarized in this document are not intended to be complete, and material aspects of the terms may change over time. If there is any inconsistency between the descriptions or terms in this teaser and the Offering Documents, the Offering Documents shall control.

The interests/shares of the IPSE will not be offered or sold in any jurisdiction in which such offer, solicitation, or sale would be unlawful until the requirements of the laws of such jurisdiction have been satisfied.

While the information prepared in this document is believed to be accurate, neither IPSE nor any of its affiliates or representatives (i) makes any express or implied warranty as to the completeness or accuracy of this document, (ii) shall be liable for errors appearing in this document or (iii) has any duty to update this document or any of the information contained herein. There is no guarantee that the investment objective will be achieved. Past performance of the management team should not be construed as an indicator of future performance.

Certain information contained herein may constitute “forward-looking statements,” which can be identified by the use of terms such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue,” “target” or “believe” (or the negatives thereof) or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or actual performance of the funds may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. No representation or warranty is made as to future performance or such forward-looking statements.

The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. A recipient of this presentation should consult their tax, legal, accounting or other advisors about the matters discussed herein.

IPSE may modify their strategy and/or investment approach and portfolio parameters in the future without notice to the investors in a manner that IPSE believes is consistent with the IPSE’s overall strategy and/or investment objectives.

An investment IPSE is speculative and involves a high degree of risk. Opportunities for withdrawals/redemptions and transferability of interests/shares in IPSE will be restricted, so investors may not have access to capital when it is needed. No secondary market for the interests/shares of IPSE is expected to develop. Leverage may be employed by IPSE, which can alter the risk return profile of an investment. An investor should not make an investment unless it is prepared to lose all or a substantial portion of its investment. The fees and expenses charged in connection with an investment in IPSE may be higher than the fees and expenses of other investment alternatives and may offset profits.

To be clear, an investor should not make an investment in IPSE without reviewing, in detail, the Private Placement Memorandum and any other Offering Documents as noted above, which as a document is the only recognized offering of interests.