The information and documents provided in this data room (“Fund Materials”) have been prepared by CFI Partners, LLC (“CFIP” or the “Investment Adviser”) in its capacity as investment adviser to the CFIP Opportunistic Credit Master Fund III, LP, the CFIP Opportunistic Credit Onshore Fund III, LP, and the CFIP Opportunistic Credit Offshore Fund III, LP (collectively, the “Funds”). The Funds are recently-formed entities with no operations or track record.

The Fund Materials are the proprietary and confidential information of the Investment Adviser and have been provided on a confidential basis to the person or entity to whom it has been delivered. The Fund Materials may not be reproduced or otherwise distributed or disseminated, in whole or part, without the prior written consent of the Investment Adviser, which consent may be withheld in its sole and absolute discretion.

The Fund Materials do not constitute an offer to sell or a solicitation of an offer to purchase an interest in the Funds. Any such offer or solicitation will be made consistent with applicable law and solely to qualified investors only in those jurisdictions where permitted by law. The Fund Materials contain information needed to evaluate an investment in the Funds and provides important disclosures. You must review the applicable Fund Materials in their entirety, including the risk factors, conflicts of interest, fees and expenses, and other cautionary disclosures contained therein, before making any investment decision.

An investment in the Funds is speculative and involves a high degree of risk. Examples of certain risk factors with an investment in a private fund may include the following: • Loss of all or a substantial portion of an investment. • Opportunities for withdrawal/redemption or transferability of interests in the Funds may be restricted, as a result, investors may not have access to capital when it is needed. • Lack of liquidity in that there is generally no secondary market for interests in the Funds. • Volatility of returns. • Absence of information regarding pricing and valuations. • Delays in tax reporting.

The Investment Adviser is not providing the Fund Materials in a fiduciary capacity and it has a financial interest in the sale of its products and services. As such, the Fund Materials are not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice or recommendations. The information contained herein does not take into account the particular investment objective or financial or other circumstances of any individual existing or prospective investor. Investment in the Funds is suitable only for sophisticated investors and requires the financial ability and willingness to accept the high risks and lack of liquidity in such Funds. Investors must be willing and able to evaluate an investment in the Funds for themselves and to review and understand the applicable Fund Documents in their entirety. Unless agreed to in writing by us, we are not making any investment recommendation or giving any investment advice to any existing or prospective investor. Investors must make their own decisions regarding any investment in the Funds, and each investor is responsible for engaging its own legal, tax, accounting, investment and financial advisors as it deems appropriate.

The information contained in the Fund Materials, including all financial forecasts or projections, may not be complete, and may change at the discretion of the Investment Manager. No representation is made with respect to its completeness. The charts, tables and graphs contained in the Fund Materials are not intended to assist the reader in determining which securities to buy or sell or when to buy or sell securities. The Fund Materials are not intended to be, nor shall they be construed as, investment advice or a recommendation of any kind.

This Fund Materials, and any related discussions by the Investment Adviser contain opinions and statements about future events and expectations that can be characterized as forward-looking statements, including, but not limited to, statements about potential deal flow, and the overall success of the Investment Adviser, its affiliates and the companies with which it may invest. The use of the words “anticipate,” “estimate,” “expect,” “may,” “project,” “believe” and similar expressions are intended to identify forward-looking statements. Although we believe that the plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties, and we cannot assure that those expectations will prove to have been correct. Such statements may or may not be accurate over the long-term. Actual results could differ materially from those anticipated in these forward-looking statements. CFIP disclaims any obligation to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise.

Past performance is not necessarily a reliable indicator of future returns. The Funds’ investment programs involve substantial risk, and there can be no assurance that its investment, risk management or other objectives will be achieved. Any projected or estimated proceeds, profits or returns included in the Fund Materials do not represent, and should not be relied upon as, any indication of how an investment in the Funds might perform. There is no guarantee that the Funds’ investment objectives will be achieved. Invested capital returned to the Funds may be reinvested in completely unrelated investments. The performance of any investment in the Funds will be affected by a variety of items, including management fees, performance allocations and many risks, including the risk of complete loss of principal. An investor should not make an investment in the Funds unless it is prepared to lose all or a substantial portion of its investment. The Investment Adviser makes no representation or warranty, express or implied, regarding future performance.

Performance and related data presented herein is in summary form and is limited and unaudited and, accordingly, does not purport, nor is it intended, to be a complete performance presentation or analysis. All performance data presented herein has been calculated (or estimated) by the Investment Adviser based on available information. Unless otherwise indicated, such performance data is presented net of applicable management fees and incentive fees/allocation, and further reflects the reinvestment of dividends and earnings.

Any specific investments or investment vehicles identified in the Fund Materials were selected for inclusion on the basis of being representative of investments that the Investment Adviser believes are comparable to investments that the Funds may seek to make. It should not be assumed that investments identified were or will be profitable; that their performance is necessarily representative of the Investment Adviser’s overall performance; that the Investment Adviser will be able to effect similar changes or improvements in the strategies, business or operations of any future investments; or that decisions of the Investment Adviser or the Funds will make in the future will be comparable. Improved portfolio investment is due to a number of factors in addition to the Investment Adviser’s investment program, including industry trends and conditions and general economic and financial conditions. Actual results may differ materially, positively or negatively, from those reflected in the Fund Materials. The investment program of the Investment Adviser to each portfolio investment is unique and depends on the facts and circumstances of that particular asset. The investment program described in any specific investments or case studies identified in this presentation may or may not be used for the Funds but are representative of the approaches the Investment Adviser may employ. No assurances are given that any such investment program will be employed by the Investment Adviser or will achieve any particular result. The information contained in this Presentation reflects the opinions of the Investment Adviser’s management team as of the date provided. Statistical data or references thereto were taken from sources which we deem to be reliable, but their accuracy cannot be guaranteed. In the Fund Materials, and also in due diligence meetings, telephone conversations, email exchanges and other communications, CFIP provides a range of information to investors and prospective investors in the Funds. In every case, such information is qualified by the Fund constitutional documents (private placement memorandum, limited partnership agreement, and subscription agreement). No other document or communication is intended to, and no one has been authorized to, make any representation or statement regarding the Funds that is inconsistent with those documents or that qualifies, limits or contradicts any of the risk factors, conflicts of interest or other cautionary disclosures contained in those documents.

NOTICE TO RESIDENTS OF THE UNITED STATES Securities issued by the Funds are not registered under the US Securities Act of 1933, as amended, or the US Investment Company Act of 1940, as amended. None of the information contained herein has been filed with the Securities and Exchange Commission, any securities administrator under any securities laws of any US or non-US jurisdiction or any other US or non-US governmental or self-regulatory authority. No such governmental or self-regulatory authority will pass upon or endorse the merits of the investment or the adequacy of the information contained herein. Any representation to the contrary is unlawful.

In making an investment decision, investors must rely on their own examination of the relevant issuer and the terms of the offering, including the merits and risks involved. Interests are expected to be subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the US Securities Act of 1933, as amended, and any applicable state or other securities laws, pursuant to registration or exemption therefrom. Investors should be aware that they will be required to bear the financial risks of an investment for an indefinite period of time.

NOTICE TO ALL NON-U.S. INVESTORS GENERALLY It is the responsibility of any persons wishing to subscribe for these securities to inform themselves of and to observe all applicable laws and regulations of any relevant jurisdictions. Prospective investors should inform themselves as to the legal requirements and tax consequences within the countries of their citizenship, residence, domicile, and place of business with respect to the acquisition, holding or disposal of these securities, and any foreign exchange restrictions that may be relevant thereto.