This unaudited report (the “Report”) is provided on a confidential basis by Cellar Investment Partners S.à r.l. (the “General Partner”) for the sole purpose of providing information related to Cellar Investment Partners Fund I SCS (the “Fund”). This Report is intended exclusively for informational purposes and should not be construed as a solicitation, offer, or recommendation to invest in the Fund. The information contained herein is intended for use only by qualified recipients and should not be relied upon as the basis for any investment decision. Recipients are advised that this Report does not constitute legal, financial, tax, or investment advice, and it is strongly recommended that investors consult their own legal, financial, accounting, and tax advisers before making any investment decision regarding the Fund. The Report may contain forward-looking statements, projections, and opinions that are subject to change without notice. While certain information contained herein may be derived from third-party sources deemed reliable, the General Partner does not guarantee its accuracy, completeness, or timeliness and accepts no liability for errors or omissions. All numbers, performance data, and valuations contained in this Report are as of 30 September 2024, and may be subject to material revision. Past performance is not indicative of future results, and there is no assurance that the Fund will meet its investment objectives or achieve returns similar to those discussed in this Report. Investments in the Fund may be subject to various risks, including the potential for total or partial loss of capital. Any valuations or performance data provided within this Report are based on assumptions that may differ from actual outcomes, and investors should not rely on them as guarantees of future performance. The fair values of unrealized investments may be based on estimates that are inherently subjective and may be subject to material revisions. The information contained in this Report is confidential and may not be disclosed, distributed, or reproduced in any manner, in whole or in part, without the prior written consent of the General Partner. This Report does not supersede or supplement any formal offering document, including but not limited to the Fund’s private placement memorandum (the “PPM”), the limited partnership agreement, or any subscription agreements. The terms and conditions of any investment in the Fund are governed solely by the definitive documents of the Fund, which should be reviewed carefully by any prospective investor prior to making an investment. Any representations or opinions not contained in the PPM or legal documentation may not be relied upon in connection with any investment in the Fund. Recipients should also be aware that investments in the Fund involve significant risks, including market risks, liquidity risks, and risks associated with changes in the economic or regulatory environment. The Fund’s investment performance may also be impacted by foreign currency exchange rates and other macroeconomic factors. Furthermore, any forward-looking statements or projections contained in this Report are subject to various risks and uncertainties, and actual results may differ materially from those expressed or implied. No member of Cellar Investment Partners S.à r.l., its affiliates, or any of their respective officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy, completeness, or fairness of the information contained in this Report, nor do they assume any liability for any losses or damages arising from reliance on the contents of this Report. The General Partner specifically disclaims any obligation to update or correct this Report, or to provide any additional information, beyond what is legally required. Investments in the Fund are intended only for sophisticated investors who are capable of understanding and bearing the risks involved. This Report is not directed to, and may not be relied upon by, retail clients or any other persons who are not qualified purchasers or accredited investors as defined under applicable laws. Distribution of this Report in certain jurisdictions may be restricted by law, and it is the responsibility of recipients to ensure compliance with any such laws and regulations. In the event of any inconsistencies between this Report and the final form of the PPM or legal agreements, the terms of the PPM and legal agreements shall prevail. This Report is subject to revision, and all information contained herein is subject to further discussion and review by the General Partner. By accepting and reviewing this Report, you acknowledge and agree to the terms of this disclaimer and the confidential nature of the information provided. You further acknowledge that you have had the opportunity to ask questions and request additional information from representatives of the General Partner regarding the terms and risks of the Fund. For the avoidance of doubt, all numbers and data in this Report are as of 30 September 2024, and this Report does not form part of the PPM or any other legal documentation governing the Fund. No assurance is given regarding future performance or outcomes.
