Legal Information and Disclaimer

These materials (“Presentation”) are presented by Savoie Capital LLC (“Savoie Capital”). This Presentation is preliminary in nature, is furnished to the recipient on a confidential basis for informational purposes only, and may not be reproduced or distributed to any other person, in whole or in part, without the prior written consent of Savoie Capital.

THE PRO FORMA PAST PERFORMANCE PRESENTED HEREIN IS NOT INDICATIVE OF FUTURE RESULTS.

This Presentation is provided in connection with Savoie Capital’s Yield Plus Program (the “Program”), which is an equity investment program that focuses on yield generation and long-term capital growth. The use of call and put options can be utilized to purchase stocks and for hedging purposes. The pro forma performance results contained herein are for informational purposes only and are not meant to imply that the Program (or any account utilizing a similar trading strategy) will produce results similar to the performance results contained herein. There can be no assurance that Savoie Capital or any account advised thereby will or is likely to achieve any results shown. There can be no assurance that the Program will make any profit at all or will be able to avoid incurring substantial losses. No representation is made that Savoie Capital’s investment processes or investment objectives will or are likely to be successful or achieved.The performance shown in this Presentation represents the performance achieved by all client accounts (“The Account”) traded pursuant to the Program. Performance was calculated using the client-directed notional for the Account, The individual performance of the managed Account has been presented pro forma to include the deduction of a representative monthly management fee at a rate of 1.00% per annum of the assets of the Account. Returns shown for the Account are based upon the initial trading size set for the Account by the client (which may include certain assets committed by the client for trading pursuant to the Program, but held in a separate account), as adjusted for profits and losses experienced during the performance period. All returns shown for the Program are net-of-fees.Savoie Capital claims compliance with the Global Investment Performance Standards (GIPS*) and has prepared and presented this report in compliance with the GIPS standards. Savoie Capital has been independently verified for the period from 2010 to 2020. The verification reports are available upon request. GIPS* is a registered trademark of the CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. Verification does not provide assurance of the accuracy of any specific performance report. This Presentation has been prepared solely for the use of the person to whom it has been delivered and may not be reproduced or used for any other purpose. It is intended only for highly qualified investors. It is not meant for the general public. Any statements regarding market events, future events, or other similar statements constitute only subjective views, are based upon expectations or beliefs, should not be relied on, are subject to change due to a variety of factors, including fluctuating market conditions, and involve inherent risks and uncertainties, both general and specific, many of which cannot be predicted or quantified and are beyond Savoie Capital’s control. In light of these risks and uncertainties, there can be no assurance that these statements are now or will prove to be accurate or complete in any way. No representation is made that Savoie Capital’s investment processes, strategies or investment objectives will or are likely to be successful or achieved.Benchmarks and financial indices are shown for illustrative purposes only, may not be available for direct investment, are unmanaged, assume reinvestment of income, may not reflect the impact of any management or incentive fees, and have limitations when used for comparison or other purposes because they may have different volatility or other material characteristics (such as number and types of instruments) than the Program. The iShares iBoxx High Yield Corporate Bond ETF (“HYG”) was selected for inclusion in this Presentation because it is designed to be a leading indicator of yield generation. However, the investments of the Program are not restricted to the instruments comprising any one index and do not in all cases correspond to the investments reflected in such indices. Accordingly, these comparisons have a number of inherent limitations and should be used for informational purposes only. Please refer to the attached “Glossary of Terms” for additional information regarding the benchmarks, financial indices, funds, and performance and risk measures included in this Presentation.Certain information contained in this Presentation is based on information obtained from third-party sources that Savoie Capital considers to be reliable. However, Savoie Capital makes no representation as to, and accepts no responsibility for, the accuracy, fairness, or completeness of the information contained herein. The information contained herein is as of the date indicated and reflects present intention only. Please refer to Savoie Capital’s Form ADV, available at www.adviserinfo.sec.gov, for additional important information about the Firm.

Savoie Capital is not, and does not purport to be, an advisor as to legal, taxation, accounting, financial, or regulatory matters in any jurisdiction. The recipient should independently evaluate and judge the matters referred to in this Presentation.

Options strategies are not suitable for all investors. Past results are not indicative of future performance. Before implementing the strategy, clients must review the Options Clearing Corporation (OCC) publication, linked here: https://www.theocc.com/company-information/documents-and-archives/options-disclosure-document

Social Media Disclosures

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisors. The views and opinions expressed are for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on numerous factors, such as market or other conditions, legal and regulatory developments, additional risks and uncertainties and may not come to pass. This material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition. Any changes to assumptions that may have been made in preparing this material could have a material impact on the information presented herein by way of example. Past performance is no guarantee of future results. Investing involves risk; principal loss is possible. All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability, or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

A word on risk

All investments carry a certain degree of risk, including possible loss of principal, and there is no assurance that an investment will provide positive performance over any period of time. Equity investments are subject to market risk or the risk that stocks will decline in response to such factors as adverse company news or industry developments or a general economic decline. Debt or fixed income securities are subject to market risk, credit risk, interest rate risk, call risk, tax risk, political and economic risk, and income risk. As interest rates rise, bond prices fall. Non-U.S. investments involve risks such as currency fluctuation, political and economic instability, lack of liquidity, and differing legal and accounting standards. These risks are magnified in emerging markets. This report should not be regarded by the recipients as a substitute for the exercise of their own judgment. It is important to review your investment objectives, risk tolerance, and liquidity needs before choosing an investment style or manager.