This material does not constitute an offer or the solicitation of an offer to purchase an interest in Solimar Fund, LP (the “Fund”), which such offer will only be made via a confidential private placement memorandum (the “Memorandum”). An investment in the Fund is speculative and is subject to a risk of loss, including a risk of loss of principal. There is no secondary market for interests in the Fund and none is expected to develop. No assurance can be given that the Fund will achieve its objective or that an investor will receive a return of all or part of its investment. All statements herein are qualified in their entirety by reference to the Memorandum, and to the extent that this document contradicts the Memorandum, the Memorandum shall govern in all respects.

This material is confidential and may not be distributed or reproduced in whole or in part without the express written consent of 2by2 Capital, LLC (the “Investment Manager”). This material is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisers before engaging in any investment transaction.

Performance Information

The Fund began live trading in October 2023 and now has an established, real-world performance record. All performance data presented herein not explicitly labeled as “Hypothetical” or “Backtested” reflects the Fund’s actual live results—generated under real market conditions with capital at risk and subject to the operational and behavioral realities of an actively traded investment strategy.

These actual results are calculated and provided by the Fund’s third-party administrator, NAV Consulting, and are presented on a net basis—reflecting the deduction of all management fees, performance allocations, and applicable expenses, as outlined in the Memorandum. This independent reporting enhances transparency and provides a reliable basis for evaluating the strategy’s real-world execution, discipline, and behavior across diverse market environments.

While hypothetical performance can offer historical context, actual live performance is a more meaningful indicator of the Fund’s ability to navigate volatility, manage risk, and pursue consistent long-term growth.

Performance data found herein specifically labeled as “ Hypothetical Performance” do not represent live trading by the Fund or any other person. Rather, these data represent hypothetical “back-tested” results of the Investment Manager’s strategy and are included for informational purposes only. All results shown reflect the deduction of: (i) an annual asset management fee of 0.5%, charged [quarterly]; (ii) a performance allocation of 20%, taken [quarterly], subject to a “high water mark”. None of the results shown reflect the deduction of certain organizational and operating expenses common to investment funds, which would serve to decrease profits or otherwise increase losses. Results were achieved using the investment strategies described in the Memorandum.

Hypothetical and back-tested performance results have inherent limitations, some of which are described below. Back-tested returns do not represent the results of actual trading and are calculated through the retroactive application of the Investment Manager’s model portfolio and strategy configurations, designed with the benefit of hindsight. Since back-tested results do not represent actual trading, they may not reflect the impact that material economic and market factors might have had on the decision-making processes of the Investment Manager, if the Investment Manager was actually managing client assets during the back-test period. * represents the algorithm version

NO REPRESENTATION IS BEING MADE THAT THE INVESTMENT MANAGER’S STRATEGY WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SIGNIFICANT MATERIAL DIFFERENCES BETWEEN BACK-TESTED PERFORMANCE RESULTS AND PERFORMANCE RESULTS SUBSEQUENTLY ACHIEVED BY FOLLOWING A PARTICULAR STRATEGY.

In addition, back-tested performance does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or adhere to a particular trading program in spite of trading losses could have material adverse effects on trading results. There are numerous other factors related to the markets and to the implementation of specific investment programs that cannot be fully accounted for in the preparation of back-tested performance results and all of which can adversely affect actual trading results.

Results are compared to the performance of the S&P 500 Index (GSPC) and SPY for informational purposes only. The Fund’s investment program does not mirror the Comparative Index and the volatility of the Fund’s investment program may be materially different from the volatility of the Comparative Index. The securities included in the Comparative Index are not necessarily included in the Fund’s investment program and criteria for inclusion in the Comparative Index are different than criteria for investment by the Fund. The performance of the Comparative Index reflects the reinvestment of dividends, as appropriate.

This material contains certain forward-looking statements and projections regarding market trends, investment strategy, and the future asset allocation of the Fund, including indicative guidelines regarding position limits, exposures, position sizing, diversification, and other indications regarding the Fund’s strategy. These projections and guidelines are included for illustrative purposes only, are inherently predictive, speculative, and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. The guidelines included herein do not reflect strict rules or limitations on the Fund’s investment program and the Fund may deviate from the guidelines described herein. There are a number of factors that could cause actual events and developments to differ materially from those expressed or implied by these forward-looking statements, projections, and guidelines, and no assurances can be given that the forward-looking statements in this document will be realized or followed, as described. These forward-looking statements will not necessarily be updated in the future.

PAST PERFORMANCE, INCLUDING HYPOTHETICAL PERFORMANCE, IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.