Newport Private Capital, LLC

Newport Private Capital, LLC (the “Advisor”) is a California limited liability company. Prior to September 1, 2009, the Advisor was known as Censura Futures Management, LLC. The Advisor was founded on November 17, 2005 and is the successor to Censura Futures Management, Inc. Newport Private Capital Holdings, LLC, a California limited liability company owned by Jonathan Hansen, is the sole owner of the Advisor. The Advisor became a member of the NFA and registered with the CFTC as a CTA and a CPO as of October 26, 2004. <br><br> Jonathan M. Hansen is the chief executive officer and co-manager of the Advisor. He has been a principal of the Advisor since October 2004. Mr. Hansen is also responsible for executing those trading decisions for the Advisor. Mr. Hansen became registered with the CFTC as an associated person of the Advisor in October 2004. Beginning in August 1999, through the present, Mr. Hansen has served as CEO for Springboard Capital Corp., a financial services holding company. From September 2000 to October 2006, he was the president of Springboard Securities Inc., a registered broker dealer. From October 2001 to August 2005, Mr. Hansen was president of Springboard Capital Management, LLC (formerly Springboard Planning & Advisory Group, Inc.), an investment adviser that at the time was registered with the Securities and Exchange Commission. From December 1998 to the present, Mr. Hansen has also served as CEO of Premier Consulting Asset Management Inc. Premier Consulting Asset Management Inc. is a corporation whose main business consists of serving as the general partner of Premier Consulting Partners LP, a diversified investment partnership whose underlying assets are primarily real estate. Additionally, Mr. Hansen serves as President of UIP Inc. (since April 1998), a real estate investment company. Previously, he served as CEO of AFP Inc., a real estate investment company, from April 1997 until April 2004. From November 2002 to the present, he has served on the board of directors of Ameranth Wireless, an emerging software company based in San Diego, California. Mr. Hansen graduated from the University of Utah with a Bachelor Arts degree in 1991.

David M. Giunta, CPA, is the co-investment manager and a principal of the Advisor. Mr. Giunta became listed with the CFTC as a principal and associated person of the Advisor in February 2007. He also has been an investment adviser representative and CEO of Wealth Management, LLC, a registered investment adviser, since May of 2001. He has been the president of Solidus Land Company, LLC, a real estate management company, since January 2006. Mr. Giunta was also president of Springboard Capital Corporation, a financial services holding company, from May 2003 through December 2004. From January 2003 to April 2006, Mr. Giunta was a registered representative of Springboard Securities, Inc., a registered broker dealer. From November 1999 to January 2003, Mr. Giunta was the president of Wealth Management Corporation, a financial service holding company, and a registered representative of Mutual Service Corp., a registered broker dealer. Mr. Giunta graduated Cum Laude from Ohio University with a BS in accounting/pre-law in June 1990. In addition to being a licensed CPA, Mr. Giunta holds numerous other licenses and designations, including but not limited to an AICPA-accredited Personal Financial Specialist (PFS) designation and investment adviser representative.