This presentation is confidential and has been prepared solely for information purposes and solely for use in connection with the evaluation of a potential investment (the “Investment”) in the securities of, or one or more entities affiliated with, Red Stag Resources I, LLC (“Red Stag”) by the person to whom Red Stag has made this presentation available (the “Investor”). This presentation may not be distributed, reproduced or used for any other purposes without the express written consent of Red Stag. The information contained herein has been prepared to assist the Investor in making its own evaluation of the Investment and does not purport to contain all of the information that the Investor may desire in connection with such evaluation.  In all cases, Investor should conduct its own investigation and analysis of the information set forth in this presentation and the Investment. This presentation includes statistical industry data taken or derived from independent sources. Red Stag makes no representation or warranty as to the accuracy or completeness of such industry data and disclaims any associated liability.

The proposed Investment involves securities that have not been registered under the Securities Act of 1933, as amended, or applicable State securities or “blue sky” laws, and therefore cannot be sold or transferred without such registration or an exemption therefrom.  Accordingly, Investor must be able to bear the economic risk of the Investment for an indefinite period of time. There is not currently, and there is not expected to be, a public market for the securities. Nothing contained herein should be relied on as a promise or representation as to future performance; Red Stag cannot guaranty future results, performance or
achievements. No person has been authorized to give any information or to make any representations regarding the information contained in this presentation. Investor should make an independent assessment of the merits of the Investment.

Investor should consult with its own investment, tax and other advisors, accountants and legal counsel with respect to the proposed Investment, and nothing contained herein should be construed as financial, tax or legal advice. This presentation does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction in which, or to any person to whom, it is unlawful to make such offer or solicitation. The Investment has not been recommended by any Federal or State securities

commission or regulatory authority. No such authorities have confirmed the accuracy or determined the adequacy of this presentation. Any representation to the contrary is a criminal offence.