Investor Presentation

1. Investor Presentation The following presentation is a brief summary of information contained in the Private Offering Memorandum of Triton Capital Fund, L.P. This presentation is not to be construed as an offer to sell securities of or any interest in Triton Capital Fund, L.P. or as an invitation or solicitation for offers to buy securities of or any interest in Triton Capital Fund, L.P. Nothing to the contrary withstanding contained herein, potential investors are cautioned that they may rely only upon information contained in the Private Offering Memorandum and related documents.

2. Contents Page Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Market Risks Facing Investors Today . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 The Triton Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Hedging Strategy Example . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Investment Strategy - Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Triton Capital Pilot Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Fund Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Investor Requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Fee Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Partnership Advantages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Executive Resume . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Administration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 How to Invest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

3. Executive Summary The principal purpose of the Triton Capital Fund, L.P. is to grow investors’ capital using a variety of proprietary trading methodologies that are designed to deliver superior returns while simultaneously insulating the investor from an increasingly volatile and hostile investing environment. TheTriton Capital Fund, L.P. seeks to provide investors with strong performance without the danger inherent in “long-only” investment strategies such as a standard mutual fund “buy and hold” or “dollar cost averaging” which rely solely on purchasing stocks. The Triton Capital Fund, L.P. can be defined as a Global/Macro – Long/Short “hybrid” hedge fund that seeks to provide investors with a better alternative than traditional buy and hold investment strategies. The Triton Capital Fund, L.P.’s Investment Advisor, Triton Capital Investment Advisors, Inc. tends to employ an opportunistic strategy, nimble enough to navigate volatile markets, in order to make profits, regardless of the direction of the global markets. The success oftheTriton Capital, LLC pilot fund, which returned investors 125.02% over 29 months (vs. 23.4% for the Dow Industrials), prompted the creation of the Triton Capital Fund, L.P. in August of 2005. Bowen C. Farrell is the President and CEO of the Triton Capital Fund L.P.’s Investment Advisor. Mr. Farrell has been trading securities since 1978, and is a career investment banker schooled at the Harvard Business School. Mr. Farrell researched, developed, and made all decisions for the Triton Capital pilot fund.

4. Executive Summary Objective The objective of the Triton Capital Fund, L.P is to seek capital appreciation for its investors by applying its understanding of micro-economic factors affecting individual securities amidst the global macro-economic environment. • Each security has valuation metrics, which include discounted and free cash flow analysis, GAAP earnings, price multiples (price/sales, price/earnings, price/book, price/EBITDA, etc.), volatility, and technical trading factors that may be considered and compared. • Global macroeconomic factors such as industrial and demographic trends, interest rates, currency rates, governmental monetary policy, and pricing anomalies may also be simultaneously considered to determine if they will benefit or detract from the value of an individual security. Investment Strategy The strategy of the Partnership is to optimize asset allocation, investing in securities (long positions) with improving prospects and risk adjusted returns, and divesting securities the Partnership holds (or taking short positions) with lesser expected returns or higher risks. The General Partner intends to employ a flexible investment approach to asset allocation that will allow rapid adjustments to changing market circumstances.

5. Market Risks Facing Investors Today Recent Changes in Market Dynamics For many individuals and institutions, timing the market has been increasingly difficult, as the markets have become more volatile due to more rapid information flow, computerized buy and sell programs (program trading), portfolio insurance strategies, and trend trading. Increased Volatility Rising markets have been followed by quick downturns, often caused by factors that have little impact on a specific security. Investors now face new and extraordinary economic and geo-political risks such as terrorism, nuclear proliferation, massive trade and budget deficits, increasing leverage, asset bubbles, and more. These extraordinary factors can make investing even more dangerous, as globalization and information flow has caused even distant markets to often trade in the same direction, rendering few safe harbors for investors. Buy and Hold Strategies Disappoint Investors Investors who have chosen the buy and hold strategy used by most mutual funds have found themselves euphoric at times, and depressed shortly after, as the markets swing up and down more quickly than they have historically.

6. Summary of Economic Risks Facing US Investors Today Market Decline in 2000 In the late 1990s, the technology-heavy NASDAQ 100 Index (QQQQ) increased substantially as global industries reconfigured themselves to take advantage of the internet. After March 2000, the index suffered a severe downturn as investors realized that these economic changes were not sustainable. Government Reaction The U.S. Congress passed tax cuts and the Federal reserve lowered the Fed Funds rate in response. These actions, in turn, flooded the markets with liquidity and fueled asset prices, and allowed for substantially increased household leverage.

7. Traditional Domestic and International Economic Risks Risk Factors Given the economic situation facing US investors today, it is easy to see the need to be aware of a variety and inter-relationship of events that could, without an obvious warning, affect the securities markets. The illustration to the right depicts a brief, and by no means comprehensive, list of these types events and their likely subsequent effects. Economic and Budgetary Factors Compounding these typical macro-economic factors for the US investor is the global dependence upon increasingly high oil prices, the war in Iraq, the declining ability for our government to finance (defer) the costs of Social Security, Medicaid, Medicare, and our ever growing budget and trade deficits.

8. Additional Event Risks Facing Investors Today Geo-Political Risks Even though investors may understand the classic macro-economic risks facing investors today and apply that knowledge to investing strategies, geo-political risks such as terrorist attacks like 9/11 also can cause markets to collapse without notice. Risk of Unpredictability Terrorism has injected a new element into the investment landscape, which is impossible to dimension, impossible to predict, and impossible to prepare for using standard buy and hold investment strategies. All these factors have given US investors an equity market exposed to above-normal external risks, which render a buy and hold investment strategy obsolete.

9. Triton Capital Fund’s Solution to Obsolete Buy and Hold Strategies The Triton Solution TheTriton Capital Fund, L.P. seeks high returns in the global securities marketplace without exposing investors to the full force of unpredictable event risks like a terrorist attack. • Investors in theTriton Capital Fund, L.P. would hold simultaneous long and short positions in different securities in an attempt to mitigate event risk exposure. • This investment strategy seeks to profit from the increasing spread between the value of securities owned, which the fund believes to be undervalued, and the slower growth or decline in securities sold short by the fund. Thus, the Triton Capital Fund, L.P. is considered to be a Global/Macro – Long/Short “hybrid” hedge fund, as our changing global landscape now appears to mandate.

10. Long/Short Hedging Defined by Example – First Day Below is a theoretical example of the performance of a hedged investment given a devastating overall market decline of 50%, declines of both ABC Corp. and XYZ Corp. stocks, but with XYZ Corp. declining greater. In this example, the investor is “net neutral,” having taken a position where his long and short positions are equal on the first day. Assume a market index is trading at 100 on this day. Index Value - 100 Purchase 2000 Shares of ABC Corp. at $25/share − $50,000 (cash out) Sell Short 1000 Shares of XYZ Corp. at $50/share + $50,000 (cash in) Net Cash Used (1) $0 (1) An obligation to deliver shares of XYZ Corp. that were borrowed, then sold, is established at the time the short position is established. This obligation is then eliminated when the shares are later purchased and delivered to the lender.

11. Long/Short Hedging Defined by Example – Subsequent Day(s) At a subsequent time, assume the market index declines by 50% (from an index value of 100 to 50) after a calamitous event. The investor then unwinds his short position (he needs to purchase XYZ Corp. stock to repay the XYZ Corp. stock borrowed and sold on the First Day), and sells his stock in ABC Corp. Even though ABC Corp. stock lost 20% of its value, the value of the short position in XYZ Corp. offset the loss, and even yielded a $20,000 gain for the combined trade. In this example, the investor profits even after a 50% decline in the market index. Index Value - 50 Sell 2000 Shares of ABC Corp. at $20/share + $40,000 (cash in) Purchase 1000 shares XYZ Corp. at $20/share − $20,000 (cash out) Net Gain (2) + $20,000 (profit) (2) This simple example was designed to illustrate how an investor can make money using a hedged strategy even in a severely declining market. In reality, the Triton Capital Fund, L.P.’s Global/Macro – Long/Short Hedge Fund will not be perfectly “net neutral,” but will seek to be “net long” in periods of stock price appreciation and “net short” in periods of stock price depreciation, while at the same time offering investors more protection from unforeseen economic or geo-political events than most un-hedged portfolios.

12. Simple Examples of Hedging Strategies Primary Goal The primary goal in theTriton Capital Fund, L.P. is to capitalize on the relative price performance of securities chosen to buy vs. those chosen to sell short. The matching of securities for long and short positions can also take many different forms, some more closely hedged than others. Below are some simple examples of hedging strategies. Above are some examples used for illustrative purposes only, and do not necessarily reflect the current opinion of the Triton Capital Fund, L.P.management.

13. Securities Used by the Triton Capital Fund Investment Strategy The Triton Capital Fund, L.P. does not limit itself to domestic equity investments as shown in the simple example of long/short hedging. In fact, the securities utilized in its investment strategy may also include certain non-equity asset classes such as: • Bonds Real Estate • Options Foreign Currencies • Commodities  Exchange Traded Funds • Mutual Funds This may be especially true in times when the equity markets appear to have diminished volatility or when these investments are more appropriate. Although theTriton Capital Fund, L.P. seeks to offer event risk protection by hedging, it is intended that the Fund will be net long in markets it considers undervalued, and net short in markets it considers overvalued, in an effort to enhance portfolio performance.

14. Global Macroeconomic Analysis Industrial and Demographic trends Currency Exchange Rates Governmental Monetary Policy Pricing Anomalies including Labor Costs Growth, GDP, Trade Policy, Legal Climate Interest Rates and Interest Rate Differentials Legal Exposure Analysis Potential for Legal Attack Value of Current Litigation Company Specific Financial Analysis DCF and Free Cash Flow analysis Financial Statement and Leverage Analysis Price/Sales, Price/Earnings, Price/EBITDA Earnings Volatility and Stability Analysis Technical Analysis Competitive Strategy Rivalry Supplier Power Barriers to Entry Buyer Power Threat of Substitutes Investment Analysis Techniques Analysis Techniques Within the structure of a Global/Macro – Long/Short Hybrid fund, theTriton Capital Fund, L.P. utilizes a proprietary investment strategy which may include, but is not limited to, the following types of securities analysis: TheTriton Capital Fund, L.P. may utilize any or all of the above investment analysis disciplines in considering its portfolio strategies, long and short.

15. Triton Capital, LLC Pilot Fund Performance Pilot Fund Performance Triton Capital, LLC operated a pilot account, in real-time trading, of its proprietary account to research and develop the trading strategies for theTriton Capital Fund, L.P. Bowen C. Farrell was solely responsible for all trades, management, and execution of the Triton Capital, LLC pilot account. Performance for the Triton Capital, LLC pilot account was measured from August 1, 2002 through December 31, 2004, a 29 month period. The financial performance of the Triton Capital, LLC pilot account was audited by Kaplan & Co., Certified Public Accountants, which specializes in hedge fund accounting.

16. Triton Capital, LLC Pilot Fund Performance Investment Performance If a $1,000,000 investment was made in the Triton Capital, LLC pilot fund on August 1, 2002, it would have risen to $2,250,094 on December 31, 2004. This 29 month period produced a return of 125.02%. During that same period, the S&P index increased 32.9% and the Dow increased 23.4%. Triton Pilot $2,250,094 S&P $1,329,414 Dow $1,234,236

17. Triton Capital, LLC Pilot Fund Performance Performance Comparison The chart at the right shows what would have happened to a theoretical investor with a $1 million dollar investment in either the Triton Capital, LLC pilot fund, the Dow Jones Industrial Average, or the S&P 500 Index. Note that the Triton Capital, LLC pilot fund easily beat both other indexes and turned a $1 million dollar investment into $2.25 million dollars in 29 months. Performance Qualification This investment return of the Triton Capital, LLC pilot fund, though outstanding, cannot be guaranteed in the future.

18. Risk-Return Performance Analysis Risk-Adjusted Performance Measure The Sharpe Ratio quantifies the return of an investment portfolio in excess of a risk free rate (the 90-day Treasury-bill), relative to the risk taken in achieving those returns. The higher the Sharpe Ratio, the better performance relative to the risk taken. Standard Deviation as Proxy for Risk The risk an investor takes is commonly calculated by using the portfolio’s “standard deviation,” measured monthly and annualized (M/A). Sharpe Ratio Formula In simple form, the Sharpe Ratio is the quotient. M/A Portfolio Performance – M/A Risk Free Rate M/A Standard Deviation of Portfolio The Triton Capital pilot fund has a Sharpe Ratio of 1.45.

19. Management of the Triton Capital Fund, L.P. Management Triton Capital Investment Advisors, Inc. is the General Partner of the Triton Capital Fund, L.P. Triton Capital Investment Advisors, Inc., the fund’s General Partner, is also the Investment Advisor to the Fund, responsible for implementing the investment objectives of the Partnership. The General Partner of the Triton Capital Fund, L.P. will also manage the preparation of tax returns, financial statements, and other special financial reports and statements to Limited Partners. Bowen C. Farrell is the President and Chief Executive Officer of Triton Capital Investment Advisors, Inc., the Triton Capital Fund, L.P.’s Investment Advisor and General Partner.

20. Legal Structure of the Triton Capital Fund, L.P. The Legal Structure, shown in this diagram allows for investors to become Limited Partners and share in the performance of the Triton Capital Fund, L.P.

21. Summary of Investor Requirements Accredited Investors Limited Partners must be “Accredited Investors,” defined as individuals, who, (individually or together with their spouse), have a minimum net worth of $1.5 million, or who make an investment in the Triton Capital Fund, L.P. of not less than $750,000. Minimum Investment Approved Limited Partners are subject to a minimum investment of $250,000 in the Triton Capital Fund, L.P. This minimum may be waived in the General Partner’s sole discretion. Withdrawal Limitation Approved Limited Partners are subject to a minimum investment period of 90 days, after which Limited Partners can withdraw capital at the closing of each calendar quarter, with a one month notice. This restriction may be waived in the General Partner’s sole discretion.

22. Investment Management Fee Structure Fee Structure Investors in the Fund will be subject to the following fee and incentive allocation, payable to Triton Capital Investment Advisors, Inc., the Triton Capital Fund, L.P.’s investment advisor. Management Fee A .5% management fee is charged on a quarterly basis (2% annually) for research, legal and financial administration, auditing, and disclosure costs. Incentive Allocation A 20% incentive allocation on new profits will be assessed quarterly on the increase in the fund’s value. The General Partner’s incentive allocation will be subject to a “high water mark,” meaning that no additional performance is allocated to the General Partner without new profits.

23. Advantages of Investment Through Partnership Partnership Advantages The General Partner believes that certain features of the Partnership make it advantageous for investors who wish to trade and invest in securities. The advantages include: Experience As an experienced trader and investor, the General Partner is in a position to respond appropriately to marketplace developments as they occur. Limited Liability Limited Partners’ losses are limited to the amount of their investment and any undistributed net profits of the partnership and will not personally be subject to margin calls. Economies of Scale – Lower Transaction Costs The anticipated trade size and volume of trading by the Partnership may enable the Partnership to obtain lower commission rates than would otherwise be available to smaller portfolios invested independently in the strategies applied by the Partnership. Administrative Convenience The Partnership provides investors with numerous services designed to alleviate the administrative details involved in engaging directly in securities transactions, including maintenance of the books and accounts of trading activities.

24. Resume – Bowen C. Farrell Experience 1997-2004 TRITON CAPITAL, LLC – Managing Partner Santa Barbara, CA Founded company in 1997 as a vehicle for securities trading, private equity transactions, and venture capital. Successful investment performance prompted the creation of the Triton Capital, LLC pilot fund in August of 2002. 1988-1997 CITICORP – Vice President/Senior Banker New York, NY Structured leveraged buyout/mergers & acquisition financing in the Leveraged Capital Department. Negotiated restructurings, divestitures, and liquidations of distressed and bankrupt companies in the Institutional Recovery Management Department. 1985-1986 THE COOPER COMPANIES INC. – Mergers & Acquisitions Consultant New York, NY Consulted on M&A strategies for company with brands that included CooperVision, Permalens, Oral-B, Revo Sunglasses. 1982-1985 L.F. ROTHSCHILD, INC. – Financial Analyst New York, NY Corporate Finance/M&A Department. Participated in Initial Public Offerings for technology companies and advised clients in mergers and acquisitions, leveraged buyouts, and other investment banking activities. Wrote firm’s computer programs. Education 1986-1988 Harvard Business School Boston, MA 1978-1986 UC Berkeley Berkeley, CA 1975-1977 Santa Barbara High School Santa Barbara, CA 1973-1975 Phillips Academy (Andover) Andover, MA

25. Investment Banking Experience – Bowen C. Farrell Initial Public Offerings / Secondary Offerings / Subordinated Debt Offerings Lotus Development Corporation Software Publishing Corp. Compaq Computer Ashton-Tate Corporation Intel Corporation Seagate Technology Cooper Laboratories Daisy Systems Tandon Corporation Centocor AST Research Dysan Corporation St. Jude Medical Medtronics Many others… Mergers / Acquisitions / Divestitures Black & Decker – Emhart KP Holdings KP/Kelly-Brinkmann Corporation CareerCom Corporation Shepherd Oil Penrod Drilling Harsco Corporation Fingerhut Corporation Sylvan Learning Centers Restructurings / Bankruptcy Workouts Olympia & York Marks Bros. Jewelers Gulf Canada Resources Federated - Ralph’s Groceries Kinder-Care Tex-Trac Corporation Quality Plus Corporation Henley Group MC Industries Houston Rockets Sverdrup Corporation Club Corporation of America Six Flags Corporation Fingerhut Corporation Varig Airlines US Air Presidio Oil S & L Metal Products Asset Recovery CareerCom Columbia House Records BMG Music Random House Publishing Bantam, Doubleday, Dell

26. Reporting, Auditing, and Legal Administration Procedures Annual Statements Investors in theTriton Capital Fund, L.P. are provided with audited annual financial statements prepared by certified public accountants who specialize in accounting for hedge funds. The Triton Capital Fund, L.P. is audited by Kaplan & Company, C.P.A., Northbrook, IL (847) 272-0001. Monthly Reports Investors in theTriton Capital Fund, L.P. will receive monthly, unaudited progress reports and certain other reports from the General Partner as the General Partner may deem appropriate. Legal Administration The General Partner of the Triton Capital Fund, L.P. is provided with legal administration services to insure that the Triton Capital Fund, L.P. complies with all state and federal laws, all Securities and Exchange Commission regulations, and all other governing regulatory entities. The legal administrator is TK Fund Advisors, LLC, Fort Lauderdale, FL (954) 345-6442.

27. Provide Investor: Private Offering Memorandum Accredited Investor and Qualified Client Subscription Limited Partnership Signature Documents PowerPoint Presentation Finalize Process: Receive required signatures Transfer funds to the Triton Capital Fund, L.P. Re-allocate the Fund’s ownership percentage to reflect new Limited Partner Invest new capital Limited Partnership Process

28. For additional information on the Triton Capital Fund, L.P. contact the General Partner at: 1666 East Valley Road Santa Barbara, CA 93108 (805) 969-3993