This document (the “Presentation”) is being provided on a confidential basis by Sienna Capital Partners, LLC (“Sienna”). This Presentation may not be reproduced in whole or part, and may not be delivered to any other person without the consent of Sienna. This Presentation is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy.

This Presentation is not intended as advice on investments or tax, regulatory, accounting or legal issues.  The investor should determine, in consultation with the investor’s advisors, the economic, legal, tax, regulatory and accounting consequences and risks of any investment strategy.  No chart, graph or formula can by itself determine which securities an investor should buy or sell.

This Presentation contains the current opinions of Sienna and is not intended to be, and should not be interpreted as, a recommendation of any particular security, strategy or investment product.  Such opinions are subject to change without notice.  The information herein is based on sources which Sienna believes to be reliable but is not guaranteed to be accurate or complete. Individuals identified in this Presentation are employees of Sienna or other Sienna affiliates.

This Presentation is intended solely as an introduction to Sienna Capital Partners, LLC; it is not an offer or a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. No Sienna affiliate is engaging in or holding itself out as engaging in the business of advising others as to investing in securities or the business of buying or selling of securities in any jurisdiction where it is not qualified to do so.

Past performance is not indicative of future results.  There is no guarantee that any investment will achieve its investment objectives.  As with all investment strategies, the investor may lose all or a portion of the investment. 

Sienna Capital Partners, LLC is affiliated with, and clears all securities through Tangent Capital Partners, LLC, a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Insurance Protection Corporation (SIPC).  Please visit www.tangentcapital.com for more information.

THIS PRESENTATION IS INTENDED ONLY FOR CERTAIN ACCREDITED  INVESTORS

WHO ARE QUALIFIED PURCHASERS UNDER APPLICABLE SECURITIES LAWS.