Epstein Secrets

ADW Capital Partners, L.P. 1st Quarter and 2015 YTD Performance Report " 2) Gross Return Dow Jones 4/20/2015 2015 Inception Average 01 To Date Annual Return 17.54% 0.31% 92.30% I 16.63% NASDAQ 3.79% (1) The table above reflects the p

n the 1s' quarter and have since experienced additional gains compounding our year to date results. Our performance was reasonably distributed with Diamond Resorts and Graphic Packaging adding nicely to results, as well as a substantial new investment the Fund is still building a position in which we hope to d

request. Past performance is not necessarily an indication of future performance or profitability. See Important Notes on page 6. (2) References to Dow Jones, S&P 500. NASDAQ, Russell 2000 and other indices are for informational purposes only. See Important Notes on page 6. CONFIDENTIAL 1 EFTA00605968

ty to buy great assets at a super discounted price. Steve contributed the remainder of his timeshare holdings and some cash and renamed the company Diamond Resorts (DRII). It is our belief that Steve originally viewed this as a "trade." Buy it, fix it, and then sell it. But in the words of John Lennon, "life is

und is subject to a wide variety of risks and considerations as detailed in the confidential private offering memorandum of the Fund. References to Dow Jones, S&P 500, NASDAQ, Russell 2000 and other indices herein are for informational and general comparative purposes only. There are significant differenc

lier agreements, etc. to make that same dollar of revenue go even farther. The two investments we detailed in our second and third quarter letters, Diamond Resorts and Graphic Packaging were direct beneficiaries of this phenomenon. Both companies were "rolled up" through acquisition leveraging their own infras

ADW Capital Partners, L.P. 4th Quarter and 2014 Performance Report" 2/8/2015 Gross Return 14.44% 30.66% 288.88% Dow Jones 5.17% 10.03% 68.46% NASDAQ 5.40% 13.40% 76.64% (1) The table above reflects the performance of the Fund for the current quarter, year-to-date

lier agreements, etc. to make that same dollar of revenue go even farther. The two investments we detailed in our second and third quarter letters, Diamond Resorts and Graphic Packaging were direct beneficiaries of this phenomenon. Both companies were "rolled up" through acquisition leveraging their own infras

r and 2015 YTD Performance Report ("} Gross Return 2015 Q3 2015 YTD Inception To Date Average Annual Return 0.01% 13.40% 331.10% 36.02% Dow Jones -6.91% -6.93% 56.88% I 9.94% NASDAQ -7.09% -1.61% 82.29% I 13.47% (1) The table above reflects the performance of the Fund for the current

DENTIAL 2 EFTA00287284 ADW Capital Partners, L.P. 111/4/2015 Diamond Resorts International (NYSE:DRII) We initially profiled our investment in Diamond Resorts (DRII) in our 1Q 2014 letter. We were attracted to Diamond by the highly recurring nature of the Company's cash flows, the imminent refinancing opp

ADW Capital Partners, L.P. 1st Quarter and 2015 YTD Performance Report " 2) Gross Return Dow Jones 4/20/2015 2015 Inception Average 01 To Date Annual Return 17.54% 0.31% 92.30% I 16.63% NASDAQ 3.79% (1) The table above reflects the p

n the 1s' quarter and have since experienced additional gains compounding our year to date results. Our performance was reasonably distributed with Diamond Resorts and Graphic Packaging adding nicely to results, as well as a substantial new investment the Fund is still building a position in which we hope to d

request. Past performance is not necessarily an indication of future performance or profitability. See Important Notes on page 6. (2) References to Dow Jones, S&P 500. NASDAQ, Russell 2000 and other indices are for informational purposes only. See Important Notes on page 6. CONFIDENTIAL 1 EFTA00287292

ty to buy great assets at a super discounted price. Steve contributed the remainder of his timeshare holdings and some cash and renamed the company Diamond Resorts (DRII). It is our belief that Steve originally viewed this as a "trade." Buy it, fix it, and then sell it. But in the words of John Lennon, "life is

ADW Capital Partners, L.P. 4th Quarter and 2014 Performance Report" 2/8/2015 Gross Return 14.44% 30.66% 288.88% Dow Jones 5.17% 10.03% 68.46% NASDAQ 5.40% 13.40% 76.64% (1) The table above reflects the performance of the Fund for the current quarter, year-to-date

lier agreements, etc. to make that same dollar of revenue go even farther. The two investments we detailed in our second and third quarter letters, Diamond Resorts and Graphic Packaging were direct beneficiaries of this phenomenon. Both companies were "rolled up" through acquisition leveraging their own infras