The information contained in this document is confidential and is being provided for information purposes only to a limited number of financially sophisticated persons who have expressed an interest in the matters described herein. This is not an offering or the solicitation of an offer to purchase an interest in Meson Capital LP (the “Fund”) or any affiliate thereof. Any such offer or solicitation will only be made to qualified investors by means of a confidential private placement memorandum and only in those jurisdictions where permitted by law. The views, opinions, and assumptions expressed in this presentation are as of the date printed on the first page, are subject to change without notice, may not come to pass and do not represent a recommendation or offer of any particular security, strategy or investment. An investment in the fund is speculative and involves a high degree of risk. Opportunities for withdrawal, redemption and transferability of interests are restricted, so investors may not have access to capital when it is needed. There is no secondary market for the interests and none are expected to develop. The fees and expenses charged inconnection with this investment may be higher than the fees and expenses of other investment alternatives and may offset profits. No assurance can be given that the investment objective will be achieved or that an investor will receive a return of all or part of his or her investment. Investment results may vary substantially over any given time period. Results are compared to the performance of the S&P 500 Index for informational purposes only. The Fund’s investment program does not mirror the S&P 500 Index and the volatility of the Fund’s investment program may be materially different. The performance figures include the reinvestment of any dividends and other earnings, unless otherwise noted. Past performance is not necessarily indicative of future results. The holdings identified in this letter do not represent all of the securities purchased or sold in the Fund. Performance results for individual investors will be different from the performance results of Meson Capital LP depending on their timing of capital contributions and withdrawals. Meson Capital Partners, LLC or affiliated entities (“Meson”) is not responsible for any liabilities resulting from errors contained in this communication. Meson will not notify you of any errors that it identifies at alater date.