Lightfoot Capital: Investment Strategy

Lightfoot Capital adheres to a disciplined investment strategy that is dedicated to partnering with, promoting and supporting strong management teams to build growth-oriented MLP qualifying businesses or industry verticals.

Initially, Lightfoot Capital seeks to purchase privately owned businesses that have strong management teams with tenured industry experience and deep industry relationships to serve as an industry vertical. Lightfoot Capital will work with management and employ its capital to grow via acquisitions and development projects.

In each industry vertical, Lightfoot Capital will partner with its operating management to develop and grow industry leading businesses. Attributes of these businesses will include:

Efficient operating platforms with deep industry relationships
Strong, stable cash flows with fee based income streams, limited commodity exposure and long-term contracts
History of predictable demand and visible future growth
Significant expansion opportunities through add-on acquisitions and development projects
Ability to contract, hedge, or otherwise derisk intrinsic exposure

Lightfoot Capital differentiates itself from traditional private equity by inventing its capital in the early stages of developing a paramount industry leading business.

Lightfoot Capital's objective is to invest in MLP qualifying assets and businesses. An MLP is a publicly traded limited partnership whose ownership is divided between the general partner (GP) and the limited partner (LP). An MLP is not subject to corporate level taxation so long as at least 90% of its income comes from qualifying assets.

Upstream	Midstream	Downstream	Other
Oil reserves Natural gas reserves Coal reserves Other exhaustible ground mineral and natural resources Drilling platforms Drilling rigs Other E&P assets used to extract exhaustible ground mineral and natural resources	Oil and natural gas pipelines Petroleum product pipelines Gas gathering and processing assets Facilities for gas compression, treating, fractioning, etc. Commodity storage Compressor stations Coal preparation and transloading facilities LNG tankers and carriers LNG regasification facilities	Transportation to a "bulk" distribution center such as a terminal or refinery by: Rail cars Refineries Trucks and trailers Barges and tugboats Propane delivery and service vehicles	Aggregates Minerals Timber Geothermal energy sources Fertilizer Nitrogen and sulfur product manufacturing plants