GalNet Asset Management, LLC

(GalNet Alpha Fund LLC)

Fund Investment Objectives

GALNET ALPHA FUND LLC is a Volatility Arbitrage CTA Fund that uses options and options on futures to generate Alpha through trading volatility on the major indices. GalNet Alpha Fund LLC is newly formed and has been operating since April 1, 2011. All performance information provided for periods prior to April 1, 2011 reflects the prior performance of Vintage Capital LLC, a predecessor fund which was subject to substantially similar fees, expenses and an investment strategy to those of the current fund.