THBAY ABSOLUTE RETURN STRATEGIES, LP SEPTEMBER 2017 B00Gribtiy Portfolio S&P 600 Index -0.01 Rinse. 2000 Index 0.02 HFRX Absolute Return L00 HFRX Global Fund 0.18 B BOOTH BAY 1 UNE. MANAGEMENT. LLC RISK ADJUSTED RETURNS3 10% 5% 0% Boothbay • HFRXAbsofate Worn HFRXGbbal • Hedge Fund S&P S00 I

ABSOLUTE RETURN STRATEGIES, LP JULY 2017 BETA SUMMARY' Boothbey Portfolio 500 Index -0.01 Russel] 2000 Index 0.02 HFRX Absolute Return 034 HFRX Global Fund 0.14 B BOOTHBAY UM/ MANAGIMEN1'. LLC RISK ADJUSTED RETURNS3 Annuarced Net Rebon 10% 5% 0% Boothbay • MX absolute Return H1RXGIOba1 • H