Andra Capital Technology Growth Fund EFTA00292401

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Technology growth fund focused on private late stage Silicon Valley companies EFTA00292402

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Executive Summary Andra Capital is a late-stage, Silicon Valley technology growth fund with an optional tokenized liquidity feature = 30%+ target IRR returns, comparable to top-tier VCs « Asset backed, tradable and regulatory compliant security token “Silicon Valley Coin” (SVC) = Democratizing venture capital through blockchain technology, providing access to US and global investors * Option to cash out and realize investment returns without typical waiting period of 7-10 years Illustrative SVC Ownership Interests Global Indices IRR (10-year average) e 40% ‘wish ) GitHub ANDRA FUND TARGET IRR AS airbnb Q Palantir os — SVC WR ® stripe ” Sori $38 coinbase D> MARQETA toomeney cj ¥ slack ZocDoc ogi Ooi a 3° pee EB Oy esity ln aubab proteus’ affirm © Couchbase DIGITAL WEALTH 3 EFTA00292403

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Summary of the Offering Inception Q3 2018 Offering Upto US $1 Billion Investment Objective Long-term superior capital appreciation Target Return 30%+ IRR Targeted Investment Strategy Andra Capital allocates 80% of funds toward aggressive, un-leveraged investments in leading private late stage US technology companies while the balance of the fund is distributed amongst active investments in earlier stage companies where Andra partners have domain experience. This "portfolio approach" produces a low risk, high-reward model for the investors Pro forma Allocation 80% Late-stage/Growth Investments / 20% Discretionary/Structured investments Minimum Investment $5,000,000 Management Fee 2% + 1%? Premium annually Management Incentive 20% management carried interest Fund Life Perpetual 1) Self-serve on-boarding with lower min. subscription available for retail investors. 2) Premium incurred for tokenization, exchange listing, and transferability. 4 EFTA00292404

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How SVC Works Propel Technology Growth Proceeds from the fund are invested leading late-stage technology companies. Buy Silicon Valley Coins Purchase SVCs with Ether, Bitcoin, or Fiat (SUSD). Return on Investment Tokenholders may either hold or trade tokens with eligible purchasers, based Backed By Assets and Investments in on the underlying value of Technology Growth Companies the Andra Fund. Each SVC represents an ownership stake in the Andra Fund portfolio, which is backed by the investments in leading late-stage technology companies. EFTA00292405

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Winning Investment Strategy Produces IPOs . Top 10% decile VCs of invested capital results in >60% greylockpartners. of the exit distributions ACCEL BENCHMARK . Fund monitors investment activities of top VCs and P _ . - . identifies their fast growing late stage companies bY BESSEMER Ee 7 Acquire stakes in these companies via participation in BV. N E A. Fired point primary VC-led rounds and secondary transactions Beets . Companies can work with the fund to help their employees achieve partial liquidity or founders and employees can sell their shares directly to the fund bo Dropbox =) Spotify ey . Build a diversified portfolio of companies across the fund sPacex QPalantir wework Bloomenergy “slack coinbase lyk @ lr D co 7 | Hotel Tonight Eventbrite) Note: indicative companies that meet (or met prior to IPO) Andra's screening criteria. EFTA00292406

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Partners Have Closed Over 300 Deals AACALYPSO zuora M4 >: SolarCity 23 Dropbox Violin J inreuus € SUGAR ©) Jumptap. hayneedle 33 7) mongol) () coverity” cloudera VIRTUAL conduit S Lookout © PURESTORAGE QO Palantir QLifeLock. ie Linden Lab . Af POSTMATES * twitter > ® MarkLogic: Linked ff} mobilvin. JAWBONE @ Harmony’ Za) Avvo. ODesk ZocDoc A Zynga XS APPIRIO ©@ F.urry PROSPERP wish GILT THERAPEWT! EFTA00292407

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Managing Partners Dr. Hermann Liu Venture Investor & Technology Entrepreneur » Founding partner of Arbor Ventures > Co-founded the Global Financial Technology in China — acquired by Newscorp » Technology and management positions at Charles Schwab and Morgan Stanley > MPA, Harvard Kennedy School, PhD from Northeastern University, BS from Tsinghua University HARVARD Kennedy School K nic rtigibaiadeiens charles Morgan Stanley AFrd Teingtraa Unteerury SCHWAB Haydar Haba Venture Capitalist & Serial Entrepreneur » 20+ years of building successful companies with disruptive technologies that have generated billions in revenue » Founded and built IntelePeer, raising millions of dollars in VC and growing revenue to over $150mm » Founded Telco214 from launch to revenue of over $100 million » Board member/advisor for several tech companies » Master's and Bachelor's degrees from Florida Institute of Technology © Horida tech v0 O) IntelePeer The Cloud Communications Company Ting Louie Technology Investment Banker » Founding member of NASDAQ Private Market and head of business development for SharesPost; the leading marketplace for private investment transactions > $2+ billion in private transactions completed; companies such as Facebook, Twitter, LinkedIn, GoPro, Palantir, TrueCar, SpaceX » Partner at Seed Equity Ventures, Utah- based Venture Capital firm > Sr. Director of Investments and || at PwC » Technology investment banker - Deutsche Bank and Jefferies USCMarshall School of Business PWC Jefferies Deutsche Bank NASDAQ Private Market ™ EFTA00292408

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Team Nicole DeMeo Paul Tuan Chief Marketing Officer Managing Director > $10 billion ol capital raises, bonds, and private } Silicon Valley veteran, 20+ years accomplished business launch, . growth and turnaround expert placement transactions . . . . . >» C-level contributor and go-to-market strategist creating » Over 10 years of investment banking and venture a . . a : : ; significantly increased valuations, acquisitions and IPOs capital experience at BAML, Jefferies, US Bancorp, MVP : : : - Capital, and White Oak » Marketing strategist for Steve Jobs, Eric Schmidt and Carly pital, Fiorina; Apple, HP and Accenture; Glispa; Earlybird Venture Capital, OAK Bankot America @ . Oferkeley Fe wre AK jst ph Jefferies The September 11 Fund, New York Community Trust lispa EARLYBIRD accenture glispa yy SARY8! Bassim Al-Khafaji Iddo Tal Partner ‘ Partner » C-Level executive with 20+ years in global enterprise IT » Serial entrepreneur, angel investor, startup coach, public speaker platforms and delivery in capital markets, asset management }» CEO and co-founder of invi Messenger, his 5th startup. » Hundreds of talks at events for Google, Stanford Business School, » Strategic technology advisor, joint venture development, The White House and startup accelerators, and has coached 1,000+ emerging technologies evaluation and integration » IT Corporate Governance: COBIT, TOGAF, NIST, GLBA, and startup CEOs from over 40 countries. a cybersecurity initiatives = invi G SETORONC (intel) EY PACE Ej ene Paripas &£BankersTrust FIRB 9 UNIVeRSitY J.PMorgan NOMURA [Si Sti HSBC «> EFTA00292409

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Team Continued Jordan Wahbeh Roman Glukhovsky Partner Partner » 20+ years of operational excellence in technology, » 19 years of investment banking, venture capital and VC management, service, and business development internationally funded companies, including Lehman Brothers, Banc of » Managing Director of Bay Angels, startup advisor and board America Securities and Kernel Capital member » 24+ direct and secondary technology investments with co- Ly Py stfectfan St fe) investors such as Founders Fund, 500 Startups, State of NY Tennessee boy cisco fpus Sy Microsoft and Motorola om y . MorganStanley Banc of America Securities a LEHMAN BROTHERS , Early Boykins Regina Liang Director, Business Development Analyst » 4 years of strategy and management consulting for Fortune 500 companies » Digital and go-to-market strategy, lean business modeling, project management UCSanDiego infoedge ¢) Wis 7 soup » Over 10 years of partnerships and growth opportunities development » 6+ years of experience in blockchain & advising technology startups 10 EFTA00292410

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Andra’s World Class Service Providers az Deloitte. Legal Counsel Auditor DUFF&PHELPS APEX Compliance & Valuation Fund Admin EFTA00292411

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Andra Capital’s Technology Growth Fund

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Invest in Multi-Billion Dollar Companies = QO Palanti a TN) Saati Bi Touro a Bloomenergy’ coinbase Uj @ gun Qunity (CSF legalzoom stripe %& slack Elance’ anaplan Affirm ZocDod wei # Nextdoor VA robinhood *Z vora OO. siccs OSCAr ee @ranium ZOIX gBKID G sQuarRESPACE =] Lookout Credit Karma ted Practice fusion carbon2) ; INMOBr @ Kabbage Onatacant proteus: = ‘wish AVANT 4 Wd, HIGHTAIL APTTUS @ptimizely §¥houzz github sunrun 2 St @& By Ss © azitiio * SoFi thumbtack CHOUDFLARE. “ue vauir Radically Simple EVERNOTE */llustrative potential investment opportunities EFTA00292413

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Investment Approach Revenue Andra Capital Series D Series C General Startup Life Cycle Time 14 EFTA00292414

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Andra is able to cherry pick from the leading companies from Tier 1 venture capital firms — to achieve high returns with a low risk profile EFTA00292415

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Access to High Quality Investments ANDREESSEN HOROWITZ Highly selective investment targeting Invest alongside best venture investors at right time Seek out and execute on special opportunities to invest in top companies Andra selects strongest portfolio companies of leading venture investors EFTA00292416

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Proprietary Investment Process Portfolio of tier 1 VC Companies valued at Top 3 in industry Strong management investments over $500mm vertical team NY NU NY NY 17 EFTA00292417

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Investment Approach Growth/Price * Diversified exposure into promising high- growth private companies * Investment anchored last institutional priced primary round Fund Investment . . . . * Co-invest alongside top-tier venture capital Point investors « These three factors mitigate risk and provide higher success ratios than traditional venture capital funds Time EFTA00292418

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Triple Appeal in Deal Selection Tier 1 VC backing Leaders within their sector Late-stage private tech companies ($500mm+) The largest appreciation capture opportunity now comes prior to the initial public offering Changes to VC ecosystem have fragmented an asset class traditionally only accessible via top tier VCs and unavailable to new LPs The ability to access the best venture opportunities is now based largely upon strength of the network in the entrepreneur ecosystem Non-traditional funding sources have an opportunity to invest at an advantaged time in companies’ life cycles 19 EFTA00292419

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De-risking Traditional Venture Capital Risks | Traditional VC Firms Andra Capital Macro High Risk Moderate Risk 20 EFTA00292420

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Investment Timing and Pricing 12x Andra Fund Investment 10x + Point 8x + w OX 4 —-Preferred z S —=*Common —_ Zz 4x 4 2x 4 - + T 1 YEARS 0 1 2 3 4 5 6 7 8 9 10 The differential in price between the value of the common stock and preferred stock decreases over time as a potential company approaches an exit event. This creates an investment opportunity to acquire common stock in successful companies. 1 EFTA00292421

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The Andra team is powered by entrepreneurs, investors, investment bankers, technologists, and lawyers, to form a strong deal network with access to top-tier investments EFTA00292422

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Proprietary Deal Flow Ecosystem Successful Entrepreneur Early Stage Venture Funds Key Angel Investors Private Wealth Management Clients Founders and early company employees with substantial equity positions Looking to liquidate or pare down outsized appreciated positions Late-stage investments that mature outside their investment thesis Entrepreneurs who wish to diversify out of a concentrated position Service Providers Corporate Retirement Plan Clients Advisory Board Members Private Secondary Brokers HE and |P0 attorneys, CPAs, payroll, tax and benefits consultants Companies looking to fund share buyback to facilitate employee liquidity Key strategic partners with contacts within target companies Contacts that are active in trading or sourcing private stock 23 EFTA00292423

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Investment Universe 6 million Private companies in the US 100,000 With revenues of S2OMM+ 20,000 In the relevant sectors +400 Backed by tier 1 VCs el 20-40 companies in the Andra Capital portfolio EFTA00292424

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Traditional VC Fund Portfolio Structure Management GP COMPANY 1 COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 COMPANY 6 COMPANY 7-20 Series A SeriesA Series A Series A Series A Series A Series A COMPANY 1 COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 COMPANY 6 Series B Series B Series B Series B Series B Series B COMPANY 1 COMPANY 2 COMPANY 3 COMPANY 4 On average, a traditional early Series C Series C Series C series C stage VC fund will make ~20 investments COMPANY 1 Acquired: Series D = One investment will provide all the profits of the firm, one or two other investments may profit or break even, and the remainder will stagnate and/or lose all of the investment 3x ret iti i ew = = Traditional firms suffer from extremely high Beta to IPO: generate returns 10x return mg Every investment needs the potential to be a grand slam 25 EFTA00292425

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Andra Fund Portfolio Structure Denotes Andra’s Andra Fund investment timing Andra Capital GP COMPANY 1 COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 COMPANY 6 COMPANY 7 COMPANY 8 Series A Series A Series A Series A Series A Series A Series A Series A COMPANY 1 Series B COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 COMPANY 6 COMPANY 7 COMPANY 8 Series B Series B Series B Series B Series B Series B Series B COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 COMPANY 6 COMPANY 7 Acquired: Series C Series C Series C Series C Series C Series C COMPANY 1 Series C 1.5x return COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 IPO: Series D Series D Series D Series D COMPANY 1 Series D 4x return COMPANY 1 Series E COMPANY 2 IPO: Acquired: IPO: series E 3x return 2x return 5x return IPO: Acquired: m_ Andra Fund invests in companies at a later stage; allowing for greater certainty 3x return for a return and a larger portion of the portfolio to monetize 2x return 26 EFTA00292426

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Appendix EFTA00292427

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Dr. Hermann Liu * Hermann brings in 20 years experience of investment, entrepreneurship and technology. = Founding partner of Arbor Ventures, a 100-million USD VC fund invests in technology innovation with a focus on financial technology, big data and e-commerce. Portfolio includes companies in P2P lending, mobile payment, credit scoring, recruiting, block chain, machine learning, cloud computing, etc. Another expertise of his is cross-border deals between the US and Asia. The Gross IRR is 25.5%. * Before Arbor, he co-founded the Global Financial Technology (GFT) in China, a Bloomberg-like company which provides news, data and analytics for the institutional clients in the Chinese market. GFT was acquired by Newscorp. * Served in Morgan Stanley and Charles Schwab in various technology and management positions leading the innovation of financial services and products. = Received a MPA (Master of Public Administration) from Harvard Kennedy School and a i. from Northeastern University. * Board member of the National Council of Chinese Americans. EFTA00292428

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Haydar Haba = Recognized internationally for his technological vision, and is a respected thought leader throughout the Internet and Telecom industries for his accomplishments as business leader and innovator. * Serial entrepreneur with over 20 years of experience building a string of successful companies with disruptive technologies that have generated billions of dollars in revenue. = Founded and built IntelePeer, Telco 214 and others from inception to exit, raising millions of dollars in Venture Capital. * Founder and CEO of IntelePeer, and led the company from inception to over $150 million a year in revenue. * Previously, he was the Founder and CTO of Telco214 where he built the company from launch to over $100 million in revenue. = With deep knowledge and opinions on global cloud-based platforms and technologies, he has been featured in print, broadcast, and online media across the globe. * Significant experience on technology company boards as a member or advisor, as well as IPO experience. * Completed J course work in Electrical Engineering and holds Bachelor of Science and Master’s degrees from Florida Institute of Technology. He has several patents to his name. EFTA00292429

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Ting Louie = Founding team and head of business development for the NASDAQ Private Market. . Leading marketplace for private transactions. * Access to key executives and decision makers across the late-stage private company ecosystem. = Previously head of business development and corporate finance for SharesPost Financial Corporation. * SharesPost structured over $2 billion in private investments in companies such as Facebook, Twitter, Linkedin, GoPro, Palantir, TrueCar, SpaceX. = Partner in Seed Equity Ventures, Salt Lake City based technology venture capital firm. = Former technology investment banker - Deutsche Bank Securities and Jefferies & Company. * — Representative [J Transactions: Adobe/Efficient Frontier, Visa/PlaySpan, CA/Nimsoft, GSI Commerce / Fanatics Inc., Fujitsu/TrueNet . Representative financing clients: eBay, Yelp, Tesla, TomTom, HomeAway, RenRen, CafePress, ChinaCache, Tudou, Nielsen Holdings, Iron Planet. = MBA University of Southern California, BA Occidental College. 30 EFTA00292430

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Legal Disclaimer THIS PRESENTATION HAS BEEN PREPARED SOLELY FOR USE BY PROSPECTIVE INVESTORS OF ANDRA FUND (THE “FUND”) AND SHALL BE MAINTAINED IN STRICT CONFIDENCE. ANY REPRODUCTION OR DISTRIBUTION OF THIS PRESENTATION, IN WHOLE OR IN PART, OR THE DISCLOSURE OF ITS CONTENTS, WITHOUT THE PRIOR WRITTEN CONSENT OF THE FUND'S GENERAL PARTNER OR MANAGEMENT COMPANY, IS PROHIBITED. THIS PRESENTATION WILL BE RETURNED TO THE GENERAL PARTNER OR MANAGEMENT COMPANY UPON REQUEST. THE EXISTENCE AND NATURE OF ALL CONVERSATIONS REGARDING THE FUND MUST BE KEPT CONFIDENTIAL. THIS PRESENTATION HAS BEEN PREPARED IN CONNECTION WITH A PRIVATE OFFERING TO ACCREDITED INVESTORS OF LIMITED PARTNERSHIP INTERESTS IN THE FUND (THE “INTERESTS"). EACH INVESTOR WILL BE REQUIRED TO EXECUTE A LIMITED PARTNERSHIP AGREEMENT (OR SIMILAR OPERATING AGREEMENT), AND A SUBSCRIPTION AGREEMENT TO EFFECT AN INVESTMENT. IF ANY OF THE TERMS, CONDITIONS OR OTHER PROVISIONS OF SUCH AGREEMENTS ARE INCONSISTENT WITH OR CONTRARY TO THE DESCRIPTIONS OR TERMS IN THIS PRESENTATION, SUCH AGREEMENTS SHALL CONTROL. THIS PRESENTATION DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO BUY, AN INTEREST IN ANY JURISDICTION IN WHICH IT IS UNLAWFUL TO MAKE SUCH AN OFFER OR SOLICITATION. NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY OTHER FEDERAL, STATE OR FOREIGN AGENCY HAS APPROVED AN INVESTMENT IN THE FUND. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS PRESENTATION. IT IS THE RESPONSIBILITY OF ANY PERSON OR ENTITY WISHING TO PURCHASE AN INTEREST TO SATISFY HIMSELF, HERSELF OR ITSELF AS TO THE FULL OBSERVANCE OF THE LAWS OF ANY RELEVANT TERRITORY IN CONNECTION WITH ANY SUCH PURCHASE, INCLUDING OBTAINING ANY REQUIRED GOVERNMENTAL OR OTHER CONSENTS OR OBSERVING ANY OTHER APPLICABLE FORMALITIES. THE INTERESTS HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS OR THE LAWS OF ANY FOREIGN JURISDICTION. THE FUND WILL NOT BE REGISTERED AS AN INVESTMENT COMPANY UNDER THE U.S. INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “COMPANY ACT”). CONSEQUENTLY, INVESTORS WILL NOT BE AFFORDED THE PROTECTIONS OF THE COMPANY ACT. THE FUND'S INVESTMENTS WILL BE CHARACTERIZED BY A HIGH DEGREE OF RISK, VOLATILITY AND ILLIQUIDITY. CERTAIN INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM OTHER PARTIES. WHILE SUCH SOURCES ARE BELIEVED TO BE RELIABLE, NEITHER THE FUND, THE GENERAL PARTNER, THE MANAGEMENT COMPANY, NOR THEIR RESPECTIVE AFFILIATES ASSUME ANY RESPONSIBILITY FOR THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION. THE INFORMATION SET FORTH IN THIS PRESENTATION DOES NOT PURPORT TO BE COMPLETE AND NO OBLIGATION TO UPDATE OR OTHERWISE REVISE SUCH INFORMATION IS BEING ASSUMED. A PROSPECTIVE INVESTOR MUST RELY SOLELY ON THE TERMS OF, AND DISCLOSURE OF INFORMATION IN THE FUND’S GOVERNING DOCUMENTS; THE ONLY BASIS ON WHICH SUBSCRIPTIONS MAY BE MADE. IN CONSIDERING THE PRIOR PERFORMANCE INFORMATION OF THE INDIVIDUAL INVESTMENTS CONTAINED HEREIN, PROSPECTIVE INVESTORS SHOULD BEAR IN MIND THAT PAST PERFORMANCE |S NOT NECESSARILY INDICATIVE OF FUTURE RESULTS, AND THERE CAN BE NO ASSURANCE THAT THE FUND WILL ACHIEVE COMPARABLE RESULTS. CERTAIN STATEMENTS IN THIS PRESENTATION CONSTITUTE FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS, INCLUDING THE INTENDED ACTIONS AND PERFORMANCE OBJECTIVES OF THE GENERAL PARTNER, THE MANAGEMENT COMPANY OR THE FUND REFERENCED HEREIN, INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES, AND OTHER IMPORTANT FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE, OR ACHIEVEMENTS OF THE GENERAL PARTNER, THE MANAGEMENT COMPANY OR THE FUND TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE, OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. 31 EFTA00292431

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A Contact Us Andra Capital 750 Battery Street, 7th Floor San Francisco, CA 94111 EFTA00292432