BOOTHBAY ABSOLUTE RETURN STRATEGIES, LP DECEMBER, 2015 B BOOTHBAY FUND MANAGEMENT ON ERIVIEW Boothbay Absolute Return Strategies, LP ("Boothbay') is a market neutral multi-strategy fund, launched in July 2014 by An Glass. Mr. Glass brings decades of operating and investing °variance to Boothbay. where he and his team use a combination of proprietary technology and qualitative judgment to identify and invest in talented emerging investment managers. Allocations are made through a managed accounts structure, creating diverse alpha streams within a single product. Allocations can be made via a unique down side protected 'first-loss' capital allocation tool. Boothbay currently allocates to over eighty managers. INVESTMENT I'IIIL0S0PIIY & APPROACH Boothbay believe in combining non-correlated positive expectancy strategies into a cohesive portfolio. which is further enhanced by operational and structural alphas. Boothbay seeks to generate absolute returns with low volatility and low correlations to traditional asset classes through all market conditions, while maintaining target portfolio level net exposure (beta adjusted) within (4- 10%). Capital is deployed based on manager edge, background. strategy, volatility and correlations to the market and to other strategies. Live aggregated data allows for Boothbay to dynamically manage and risk and capital allocation. ARI GLASS - FOUNDER BIOGRAPHY As Managing Member of Boothbay. Mr. Glass runs the business and oversees all allocation and portfolio construction decisions. Prior to Boothbay, Mr. Glass served as President of a multi-strategy hedge fund, Platinum Management. where in addition to overseeing all non-investing activities. he shared responsibilities for asset allocation and risk management, including the selection of portfolio managers. From 2000.2007 Mr. Glass served as the COO of 'Tiger Cub' Intrepid Capital Management Inc ('Intrepid'), a $2.5 billion hedge fund seeded by Soros Fund Management. A