Past Performance is No Guarantee of Future Results.

You understand that you are solely responsible for reviewing the fund, its offering and any statements made by the fund or its manager and for performing such due diligence as you may deem appropriate, including consulting your own legal and tax advisers, and that any information provided by Gladiator Capital Management shall not form the primary basis of your investment decision.

This material is for your general information only and is not an offer or solicitation to buy or sell any security including any interest in the fund. Private investment funds have eligibility requirements for participation, generally beginning at a net worth greater than $1.5 million (including a spouse) or $5 million for companies.

Fund Disclosures

Private investment funds are not appropriate for all investors. Private investment funds can be speculative and may involve a high degree of risk, above and beyond those associated with traditional asset classes. An investor could lose all or a substantial amount of their investment. Investors should consider Private investment funds as a supplement to an overall investment strategy.

Private investment funds are not mutual funds and are not subject to the same regulatory requirements as mutual funds. Investments in private investment funds are not federally insured by the Federal Deposit Insurance Corporation or any other government agency. Investments in private investment funds are not deposits or obligations of any bank or insured depository institution.

Private investment funds may use speculative investment practices, such as concentration, that may increase the risk of investment loss. Private investment funds may have performance that is volatile.

There is no secondary market for the investor’s interest in the fund and none is expected to develop. There may be restrictions on redeeming interests in the fund.

The fund’s fees and expenses may offset the fund’s profits.

The fund manager has total trading authority over the fund. The use of a single advisor applying generally similar trading programs could result in a lack of diversification and, consequentially, higher risk.

Private investment funds may involve complex tax strategies and there may be delays in distributing tax information to investors