From: Freddie Richardson

From: Freddie Richardson To: jeevacation@gmail.com Subject: Boothbay Nov 2017: +0.37% ; +12.42% YTD // Enhanced: +0.54% ; +18.33% YTD* Date: Thu, 07 Dec 2017 13:50:30 +0000 Attachments: Boothbay_November 2017_Fact_Sheet.pdf; Enhanced_- Boothbay_November 2017 Fact Sheet.pdf _ _ _ Dear Jeffrey, Please find attached our monthly tear sheet that includes net returns, exposures and a general fund overview. As always, please reach out with any comments or questions. 2017 \inember II) III) Sharpe ITU Sorlino 1TD Boothbay Absolute Return Strategies,. 0.37% 12.42% 30.50% 2.39 8.01 Boothbay Enhanced Share Class * 0.54% 18.33% 47.76% 2.44 8.55 HFRX : Equity Market Neutral 0.04% 2.47% 5.05% 0.32 0.47 HFRX : Absolute Return -0.57% 3.09% 5.29% 0.66 1.21 HFRX : Global Hedge Fund 0.07% 5.22% 1.53% -0.01 -0.01 S&P 500 2.81% 18.26% 35.06% 0.89 1.59 *Enhanced Sham Class YTD and 1TD numbers include proforma returns, prior to Enhanced Share Class launch in August 2017. Please see disclosures in the enclosed attachments. Boothbay is a differentiated multi-strategy hedge fund, which seeks to generate absolute returns with low volatility and low correlations to traditional asset classes through all market conditions Best regards, Freddie Frederick Richardson Boothbay Fund Management (,Powered by Backstop EFTA00933214