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Investor Presentation For information purposes only. Offering via Private Placement Memorandum

Princeton Alternative Income Fund Princeton Alternative Income Fund (PAIF), in exclusive corporate partnership with MicroBilt Corporation, seeks to deliver high risk-adjusted returns in the alternative lending market. PAIF is an open-end L.P. For information purposes only. Offering via Private Placement Memorandum

Business Opportunity One third of US consumers have a FICO score under 670. Most traditional lenders would not offer loans to individuals below that level, despite the fact that these consumers generate approximately $ 4.0 trillion of the $ 15.2 trillion personal income produced annually in the U.S. 1 Further, 56 percent of US consumers have non-prime credit scores (below 640) while 45 million Americans are living without a credit score altogether. 2 Utilizing the power of MicroBilt’s historical lender and consumer database and analytics, PAIF is able to target the highest quality finance companies and their customers to provide credit lines on short-term , non-prime consumer loans with accurate and predictive results. The total size of the U.S. Consumer Credit market is $ 901 billion . 3 The Non-Prime U.S. Consumer Revolving Credit market is in excess $ 100 billion . PAIF Fund Capacity is estimated at $ 3 billion . 1 U.S. Department of Commerce BEA (Bureau of Economic Analysis) 2 Corporation for Enterprise Development (CFED) 3 Board of Governors of the Federal Reserve System For information purposes only. Offering via Private Placement Memorandum

US Consumer Credit Market (EOP, SA, $Bil.) 2008 2009 2010 2011 2012 2013 2014 Q1.15 Q2.15 Total $2,650.6 $2,552.8 $2,647.4 $2,755.9 $2,923.6 $3,097.9 $3,317.2 $3,363.5 $3,422.1 Outstanding Revolving $1,004.7 $916.8 $840.0 $841.7 $846.7 $857.6 $890.0 $890.9 $906.5 Nonrevolving $1,645.9 $1,636.1 $1,807.4 $1,914.2 $2,076.9 $2,240.3 $2,427.2 $2,472.6 $2,515.6 EOP = end of period, SA = seasonally adjusted Notes: Consumer credit covers most short - and intermediate-term credit extended to individuals. It includes revolving credit (credit card credit and balances outstanding on unsecured revolving lines of credit) and nonrevolving credit (such as secured and unsecured credit for automobiles, mobile homes, trailers, durable goods, vacations, and other purposes). Consumer credit excludes loans secured by real estate (such as mortgage loans, home equity loans, and home equity lines of credit). For information purposes only. Offering via Private Placement Memorandum

Our Edge Princeton Alternative Funding , in partnership with MicroBilt, has created an ecosystem to transform the non-prime lending market, making credit more to underbanked , and attainable and affordable non-prime consumers generating more predictable and rewarding returns for investors. PAF sources funds and monitors, in real-time the best credits from MicroBilt’s database of non-prime consumers and lenders using MicroBilt’s: • Upfront analysis of lender operating guidelines/best practices/credit criteria • Historical consumer, lender, vertical and geographic database metrics Live, real-time daily data feeds directly from the client loan management • systems of 4,000+ lender clients For information purposes only. Offering via Private Placement Memorandum

The Alternative Credit Bureau The leading credit analysis and risk management company in the alternative • consumer market for more than 3 5 years , with more than 4,000 + active lenders and three times more alternative consumer data than the big three consumer credit bureaus combined. MicroBilt offers small to mid-sized business owners cost effective solutions for • fraud prevention, consumer financing and debt handling. MicroBilt is an CRA (Consumer Reporting Agency), regulated by the CFPB and • operates under the FCRA . Security compliant with PCI DSS 3.0 and SSAE SOC Type II . • www.microbilt.com For information purposes only. Offering via Private Placement Memorandum

Proprietary Loan Data - Client Default Rate History from 2007 In addition to Princeton Alternative Funding ’s real-time data feeds from loan management systems, PAF also utilizes the live big data reporting feeds from MicroBilt’s subscriber base to anticipate existing/potential inflection points in the overall non-prime market, example below.* Bad Loans Total Loans Year Inquiries Default Rate Reported Reported 2007 3,366,469 16.57% 16,751,779 557,708 2008 15,549,704 2,883,200 365,500 12.68% 2009 14,403,544 4,003,279 504,411 12.60% 2010 15,813,321 4,522,598 587,866 13.00% 2011 13,692,801 4,212,187 714,571 16.96% 2012 12,660,833 4,710,319 753,660 16.00% 2013 3,138,634 14.80% 8,172,734 464,597 2014 4,661,903 2,300,904 248,112 10.78% *Effects of Operation Choke Point, initiated by the U.S. Department of Justice in August, 2013 to target suspected fraud and money laundering operations, resulting in the elimination of many payday lenders and payment processors. Consequently, credit inquiries were down 63% in 2014 vs 2012, while credit quality improved, with bad loans falling 67% vis-à-vis a drop of 51% in total loans. MicroBilt saw these finance companies and processors go out of business in real- time, indicating a healthy improvement in overall future non-prime loan quality. For information purposes only. Offering via Private Placement Memorandum

PAIF Business Overview Investors Investment Capital Consumer Princeton Alternative MicroBilt Income Fund Credit Score Drawdown Request Drawdown Approved Credit Score Finance Company Credit Check Loan Funded Loan Request Consumer For information purposes only. Offering via Private Placement Memorandum

Flow of Funds ( 6 ) Monthly Interest Distribution ( 6 ) Investor Interest Reinvested Princeton Alternative Investors Income Fund ( 1 ) Drawdown Approval Interest Payment on LOC (20-22%) ( 5 ) Funds dispersed monthly from Interest Account ( 4 ) ACH Loan ( 4 ) ACH Loan Repayment Repayment (5) PAIF Consumer PAIF Line of Credit Interest Account Principal Interest 15% of Paid ( 3 ) Loan Interest to Consumer Finance ( 2 ) Funds Released Balance of Interest Company Loan Finance Company Loss Reserve For information purposes only. Offering via Private Placement Memorandum

Projected Returns Line of Credit interest terms to Finance Co. 21.00% Participation Fee +1.80% 22.80% (Annual Renewal Fee – 2% beginning year two) Drag -1.09% 21.71% (assumes 95% of funds dispersed in Loans) Gross Return 21.71% Fund Expenses -1.00% 20.71% Management Fee -2.00% 18.71% Performance Fee (.2 x 17.71%) -3.54% 15.17% Projected Returns: 13% - 15% net of fees For information purposes only. Offering via Private Placement Memorandum

Management Walt Wojciechowski Walt is the Director of PAF and is the CEO and President of MicroBilt Corporation. With over 30 years’ experience in consumer/ commercial audit, loan origination, risk mitigation and business solution strategies, Walt has performed the roles of CEO, COO and CFO at the largest TRW/Experian affiliate and served as SVP at one of Experian’s U.S. consumer services divisions. Walt’s customer focus has led him to identify and structure key industry alliances, accelerating MicroBilt’s market expansion. He is a current Board Member of the CDIA (Consumer Data Industry Association) and has been elected to multiple terms. Walt holds a B.S. in Accounting from LaSalle University. Alonzo Primus Alonzo is the Chief Credit Officer, Managing Partner and a Certified Public Accountant with over 20 years’ experience in financial services. Alonzo has worked closely with both privately held and publicly traded financial services providers to deliver products and services to the underbanked and unbanked markets, including clients such as Compucredit Corp., CNG Financial Inc., among others. In addition to his background in developing loan underwriting policy and procedures, he has extensive knowledge of risk analytics as well as reporting and monitoring tools for all phases of non-prime lending. Alonzo has a M.B.A. from Temple University, as well as a B.S. in Accounting and Finance from Drexel University. Robert B. Wade Rob brings over 25 years’ experience working with domestic and global fixed income trading institutions. As head of International Fixed Income at MKI Securities, he led the strategic consolidation of the Canadian, Sovereign, and World Bank USD debt products to one unit, integrating the New York and London trading operations. At BondNet Trading Systems, Rob utilized his global institutional relationships, scaling the firm’s fixed income spread trading technology prior to its acquisition by Bank of New York Mellon. Before joining Princeton Alternative, Rob pursued activities in precious metals. Sean M. Albert Sean Albert is the Chief Marketing Officer. Mr. Albert formerly served as CBDO for Battalion Capital, a private energy fund and the brokerage firm, Liquidity Energy. Prior to these companies he managed the venture capital and private equity firm of WH Holdings as Vice President, where he oversaw multiple acquisitions and financing transactions. Mr. Albert was also the CEO of Icon Design Group, a nationally recognized marketing firm, CFO & President for G&G Properties and worked in advertising for NBC Universal. Mr. Albert is a graduate from Colorado State University and is involved with multiple charitable organizations. For information purposes only. Offering via Private Placement Memorandum