This website (the “Website”) is being furnished by Right Tail Capital LLC (“Right Tail” or the “Firm”) for informational purposes only. This presentation does not constitute an offer to sell, or a solicitation, recommendation or offer to buy, any securities, investment products or investment advisory services offered by the Firm (the “Offering”). Any offer or solicitation may only be made to prospective eligible investors by means of an Investment Advisory Agreement and Form ADV, which contain a description of the material terms relating to the Offering, including the numerous risks involved. This presentation is being provided for general informational purposes only.

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Right Tail Capital (“Right Tail”) is registered as an Investment Adviser with the state of Virginia. Interested parties should read Right Tail’s Forms ADV I and II, available at adviserinfo.sec.gov.

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Certain information set forth in this presentation is based upon data, quotations, documentation and/or other information obtained from various sources believed by the Firm to be reliable. No representation or warranty, expressed or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. This report and others posted on www.RightTailCapital.com are issued without regard to the specific investment objectives, financial situation, or needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold a company’s stock.

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Predictions, forecasts, estimates for markets should not be construed as recommendations to buy, sell, or hold any security -- including common stocks, bonds, mutual funds, futures contracts, and exchange traded funds, or any similar instruments. Investment strategies managed by Right Tail involve a significant degree of risk, and there can be no assurance that the strategy’s investment objectives will be achieved or that significant or total losses will not be incurred. Nothing contained herein is or should be relied upon as a promise, representation or guarantee as to the future performance of Right Tail’s strategies. Past performance is not indicative of future results.

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Images, graphics, logos and other designs used in the presentation are believed to be in the public domain. A reasonable, but not exhaustive, effort has been made to verify that such images, graphics, logos and designs are not protected under copyright. Images and photographs are included for the sole purpose of visually enhancing the website. None of them are photographs of current or former Clients (except for Jeremy Kokemor and his immediate family). They should not be construed as an endorsement or testimonial from any of the persons in the photograph.  However, if any party feels that this presentation is in breach of copyright law, it should immediately contact the Firm.

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Performance data for the Right Tail Portfolio is based on a representative $1 million client account invested beginning on May 1, 2022. This performance figure has not been audited by any third party. Individual account performance will vary depending on a variety of factors, including the initial date of investment, inflows/outflows, account size, fee class, and transaction costs. Please see your individual account statement(s) for actual account balances and performance.

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Performance comparisons to benchmarks such as the SPDR S&P 500 ETF Trust ("SPY Index ETF", "SPY", or "S&P 500 Index ETF") are provided for information purposes only. The SPY is an exchange-traded fund which seeks to provide the investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The S&P 500 Index is a diversified large cap U.S. index that holds companies across all 11 GICS sectors, and as such may differ materially from the securities managed by Right Tail in client accounts. Benchmarks such as the S&P 500 Index and the SPY may be of limited use in understanding the risks and uncertainties inherent in the investment strategies managed by Right Tail.

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The information in this presentation is not intended to provide, and should not be relied upon for, accounting, legal, or tax advice or investment recommendations. The Recipient should consult the Recipient’s own tax, legal, accounting, financial, or other advisers about the issues discussed herein. Nothing in this presentation regarding tax strategies, tax savings, tax rates, tax efficiency, or any other statements related to taxes should be relied upon as an indication of Right Tail’s suitability to give advice or make decisions with respect to taxes in any jurisdiction.