Esplanade Capital Partners I

LLC

Fund Investment Objectives

The investment objective of the Company is to generate superior performance and risk management, thereby maximizing total after tax returns to Members. The Company will attempt to achieve its objective primarily by investing long and short in publicly traded equity securities of companies with strong business fundamentals that are either dominant market leaders or well-positioned non-leaders in attractive markets or markets that have temporarily fallen out of favour. The Manager expects to primarily employ a long/short equities strategy with a long bias. The Manager may also invest in other types of securities to achieve the Company's investment objective.