Disclaimer

This presentation: (1) is solely for information purposes; (2) is confidential and may not be reproduced in whole or in part or distributed except by authorized representatives of the Company described herein as GPS Fund Management (the "Company"); (3) does not constitute an offer of, or an invitation to subscribe for or purchase, an interest in the Company; and (4) does not constitute investment or any other advice.

The offering of interests may only be made through receipt of the Company's definitive documentation including this presentation, the Private Placement Memorandum and Operating Agreement of the Company as well as the completion and acceptance by the Company or its manager of a subscription agreement for the purchase of an interest (the "Offering Documents"). For a discussion of the risks associated with an investment in the Company, prospective investors should carefully review the Offering Documents, which describe the Company, including risk factors associated with the Company. Any decision to invest in the Company must be based solely upon the information set forth in the Offering Documents.

Statements in this presentation that are not statements of historical fact contain forward looking information. Any such statements ("Statements") inherently are subject to a variety of risks and uncertainties that could cause actual results or events to differ materially from those results or events predicted or anticipated by these Statements, including any results described herein. Accordingly, any potential investor in the interests should not rely on these Statements. These forward-looking Statements speak only as of the date of this presentation. The Company and its manager expressly disclaim any obligation or undertaking to update or revise any of the information provided in this presentation.

Certain information contained in this presentation has been obtained from third-party sources other than the Company. While such information is believed to be reliable for the purposes used herein, no representations are made as to the accuracy or completeness thereof and neither the Company nor its affiliates take any responsibility for such information. No sale of interest will be made in any jurisdiction in which the offer, solicitation or sale is not authorized or to any person to whom it is unlawful to make the offer, solicitation or sale.

In the case of any inconsistency between the descriptions or terms in this presentation and those contained in the Offering Documents, the descriptions or terms in the Offering Documents will control. The interests in the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state or other securities laws, and will be offered and sold for investment only to qualifying investors pursuant to an exemption from the registration requirements of the U.S. Securities Act and in compliance with requirements of the U.S. Securities Act and in compliance with any applicable state or other securities laws.

The Company will not be registered as an investment company under the U.S. Investment Company Act of 1940, as amended. The interests in the Company have not been recommended by any U.S. federal, state or non-U.S. securities commission or regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of this presentation. Any representation to the contrary is a criminal offense.

No comment is made about the treatment for taxation purposes of payments or receipts in respect of the Company's Class A Units. Each investor must seek such tax or other professional advice as it considers necessary. Prospective investors should inform themselves as to the legal requirements and tax consequences within the countries of their citizenship, residence, domicile and place of business with respect to the acquisition, holding or disposal of the Class A Units offered by the Offering Documents, and any foreign exchange restrictions that may be relevant thereto.

Prospective investors should carefully read the Offering Documents in determining whether an investment in the Company is suitable. The Company's investment program is speculative, and investors must be able to bear the loss of their entire investment in the Company.

Real Estate Risk Disclosure

• There is no guarantee that any strategy will be successful or achieve investment objectives, including profits, distributions, tax benefits, or exit strategy.
• All real estate investments have the potential to lose value during the life of the investment.
• All financed real estate investments have potential for foreclosure.
• These assets are commonly offered through private placement offerings and are illiquid securities. There is no secondary market for these investments.
• Like any investment in real estate, if a property unexpectedly loses tenants or sustains substantial damage, there is potential for suspension of cash flow distributions.
• Costs associated with the transaction may impact investors' returns and may outweigh the tax benefits.
• Any stated tax benefits are not guaranteed and are subject to changes in the tax code. Speak to your tax professional prior to investing.
• The Fund may engage the services of affiliates of the Fund and its Members and Managers. The compensation for such services shall be established by the Managers in their sole discretion.
• The Fund may also buy from or sell to related entities or entities with common ownership by Managers.