From: Freddie Richardson

From: Freddie Richardson To: [email protected] Subject: Boothbay August 2018: +0.40% ; +7.46% YTD II Enhanced: +0.57% ; +11.33 YTD Date: Wed, 12 Sep 2018 13:24:11 +0000 Attachments: Boothbay_August_2018_Fact_Sheet.pdf; Enhanced_- Boothbay_August 2018 Fact Sheet.pdf Dear Jeffrey, Please find attached our monthly tear sheet that includes net returns, exposures and a general fund overview. Boothbay is a multi-strategy hedge fund, which seeks to generate absolute returns with low volatility and low correlations to traditional asset classes through all market conditions. As always, please reach out with any comments or questions. 2018 August YTD Annualized ITD ITD Sharpe ITD Boothbay Absolute Return 0.40% 7.46% 9.28% 44.74% 235 Strategies, L.P Boothbay Enhanced Share Class * 0.57% 11.33% 13.96% 72.35% 2.41 HFRX : Equity Market Neutral 0.29% 0.33% 1.10% 4.65% 0.13 HFRX :Absolute Return 037% 1.36% 1.64% 7.02% 0.60 HFRX : Global Hedge Fund 0.45% -0.55% 0.41% 1.72% -0.08 S&P 500 3.03% 8.52% 9.87% 48.02% 0.93 •Enhanced Sham Class ITD numbers include proforma returns, prior to Enhanced Share Class launch in August 2017. Please sec disclosures in the enclosed attachments. Best regards, Freddie Frederick Richardson Boothbay Fund Management EFTA01023437 810 Seventh Avenue, 6th Floor New York, NY 10019 PAPowered by Backstop EFTA01023438