General Disclaimer

This presentation (the "Presentation") is provided for informational purposes and reference only and is not intended to be, and must not be, taken as the basis of an investment decision. These materials include internal data and/or analysis used by Greenfield Partners Investment Management Ltd. (together with its affiliates, "Greenfield"). By acceptance hereof, you agree that (i) the information contained herein may not be used, reproduced or distributed to others, in whole or in part, for any other purpose without the prior written consent of Greenfield; (ii) the information contained herein is confidential and subject to the restrictions and you will keep confidential all information contained herein not already in the public domain; (iii) the information contains highly confidential and proprietary “trade secrets” (some of which may constitute material non‐public information); and (iv) you will only use the information contained in this Presentation for informational purposes and will not trade in securities on the basis of any such information. By acceptance hereof, you also agree that (i) you are (a) a bank, savings and loan association, insurance company or registered investment company, (b) a federal or state registered investment adviser or (c) a person (including a natural person, corporation, partnership or trust) with total assets of at least $50 million and (ii) you are capable of independently evaluating the investment risks of a potential investment in any Greenfield sponsored investment fund (the “Fund”) and will exercise such independent judgment in evaluating a potential investment in the Fund.

The contents hereof should not be construed as investment, legal, tax or other advice and you should consult your own advisers as to legal, business, tax and other related matters concerning an investment in the Fund. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities and may not be used or relied upon in evaluating the merit of investing in the Fund. A confidential private placement memorandum (including any supplements thereto, the “PPM”) and other definitive documentation relating to the Fund or your investments therein, including constitutive documents and subscription documents (collectively, the “Fund Documents”), will be made available and must be received by you prior to subscribing for an interest in the Fund. An offer or solicitation for the Fund will be made only through the PPM, which will contain additional information regarding the Fund. The information set forth herein is not part of or supplemental to the PPM, the Fund Documents or any documents ancillary thereto. The information set forth herein will be superseded in its entirety by the PPM and the Fund Documents. In the case of any discrepancy between the information contained herein and the PPM or the Fund Documents, the PPM and the Fund Documents will control.

No representation or warranty, express or implied, is given in respect of the information contained herein (including its accuracy and completeness). All information contained herein has been compiled as of the date this Presentation is made (or as otherwise specified), and there is no obligation to update the information. Neither the delivery of this Presentation nor the placing of any interests in the Fund will under any circumstances create any implication that the information herein has been updated or corrected as of any time subsequent to the date of publication or, as the case may be, the date as of which such information is stated. Information throughout the Presentation provided by sources other than Greenfield has not been independently verified. Differences between past performance and actual results may be material and adverse.

Any projections, estimates, forecasts, targets, prospects, returns and/or opinions contained in these materials involve elements of subjective judgment and analysis and are based upon the best judgment of Greenfield as of the date of these materials. Greenfield does not take responsibility for such projections, estimates, forecasts, targets, prospects, returns and/or opinions. Any valuations, forecasts, targets, opinions and projections expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

An investment in the Fund is speculative and involves significant risks, including that there will be no public or private market for the interests in the Fund and such interests will not be transferable without consent as set forth in the Fund Documents. Investors should understand these risks and have the financial ability and willingness to accept them for an extended period of time before making an investment.

Please note this Presentation contains various examples of investments. There is no assurance that any investments discussed herein will remain in the applicable fund at the time you receive this information. It should not be assumed that any investment not shown would perform similarly to the examples shown. It should not be assumed that recommendations made in the future will be profitable, will equal the performance of the investments in this Presentation, or will not incur losses. Future investments may be under materially different economic conditions, including interest rates, market trends and general business conditions, affecting different investments and using different investment strategies and these differences may have a significant effect on the results portrayed. Each of these material market or economic conditions may or may not be repeated. Further investments may be made under different economic conditions, using different strategies, and may have materially different results. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the investments in this Presentation. Past performance is not necessarily indicative of future results. Differences between past performance and actual results may be material and adverse. Investments made in the future may not be profitable or may not equal the performance of the investments described in this presentation. Gross performance results, including value created and realizations, do not reflect the deduction of investment advisory fees, expenses and carried interest. Actual returns will be reduced by these fees.

Forward Looking Statements

All statements in this Presentation (and oral statements made regarding the subjects of this presentation) other than historical facts are forward‐looking statements, which rely on a number of estimates, projections and assumptions concerning future events. Such statements are also subject to a number of uncertainties and factors outside Greenfield’s control. Such factors include, but are not limited to, uncertainty regarding and changes in global economic or market conditions, including those affecting the industries of Greenfield portfolio companies, and changes in U.S. or foreign government policies, laws, regulations and practices. Opinions expressed are current opinions as of the date of this presentation. Should Greenfield’s estimates, projections and assumptions or these other uncertainties and factors materialize in ways that Greenfield did not expect, actual results could differ materially from the forward‐looking statements in this presentation, and investors may lose a material portion of the amounts invested. While Greenfield believes the assumptions underlying these forward‐looking statements are reasonable under current circumstances, investors should bear in mind that such assumptions are inherently uncertain and subjective and that past or projected performance is not necessarily indicative of future results. No representation or warranty, express or implied, is made as to the accuracy or completeness of the information contained in this presentation, and nothing shall be relied upon as a promise or representation as to the performance of any investment. Investors are cautioned not to place undue reliance on such forward‐looking statements and should rely on their own assessment of an investment.