DISCLAIMER AND DISCLOSURE

This email, together with its attachments, if any, and the information contained therein is confidential and is intended solely for the recipient. Delivery of this email or any of the information contained herein to anyone other than the recipient or his designated representative is unauthorized and any other use, reproduction, distribution or copying of this email or the information contained herein, in whole or in part, without the prior written consent of Braeswood Carbon Management LLC ("Braeswood") or its affiliates is prohibited. Braeswood accepts no liability for any errors or omissions arising as a result of this transmission. No assurances are given that this e-mail message and any attachments are free of viruses and/or other harmful code, and Braeswood accepts no liability for any damage sustained as a result of such viruses or harmful code. This email, together with its attachments, is for informational purposes only and should not be relied upon as investment advice. The contents of this e-mail message and any attachments should not be regarded as a solicitation or offer to buy or sell any securities. This email and the information contained herein and any attachments shall not constitute an offer to sell or the solicitation of an offer to purchase an interest in a fund. Any such offer or solicitation will be made to qualified investors only by means of delivery of appropriate documentation, including without limitation, offering memoranda and related subscription agreement as applicable. Securities shall not be offered or sold in any jurisdiction in which such offer, solicitation or sale would be unlawful until the requirements of the laws of such jurisdiction have been satisfied. Any performance information contained herein may be unaudited and estimated. Past performance is not indicative of future results. An investment in a fund entails a high degree of risk, including the risk of loss. If you have received this message in error, please notify the sender immediately and delete this message and any related attachments. Braeswood archives and monitors outgoing and incoming email. This email may be produced at the request of regulators or in connection with civil litigation.

Please note, returns presented herein are representative of the longest-standing investor in Braeswood Carbon Partners, LP's Class A, which is subject to a 0% management fee and 10% incentive fee (subject to a hurdle) and in Braeswood Climate Partners LP's Class A, which is subject to a 1% management fee and 15% incentive fee (subject to a hurdle), respectively. An investment in Braeswood Carbon Partners, LP's currently-available Class C would be subject to a 1% management fee and 10% incentive fee (subject to a hurdle) and in Braeswood Climate Partners, LP's currently-available Class A would be subject to a 1% management fee and 15% incentive fee (subject to a hurdle), respectively.