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Meridian Efficient Frontier Analysis

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1. You represent a financial institution ("Institutional Investor") or you qualify as a "Qualified Purchaser" as defined in section 2(a)(51)(A) of the Investment Company Act of 1940 as amended.

2. You have access to the skills, training and experience necessary to perform both a full qualitative and quantitative analysis of this offering and will perform such analysis prior to making an investment decision.

3. That no decision to invest in this offering will be made without reading the Meridian Private Placement Memorandum, the Meridian Partnership Agreement and the Meridian Subscription Agreement in their entirety.

4. Past performance is not a guarantee of future results.

5. You understand that the supplemental information contained herein is intended to be accompanied by the meridian global diversified fund confidential private offering memorandum which contains additional information about potential risks and conflicts of interest associated with this investment and that you will not make any decision to invest in this offering without reading the Meridian Private Placement Memorandum, the Meridian Partnership Agreement and the Meridian Subscription Agreement in their entirety.

6. You understand that this information is strictly confidential and is not permitted to be reproduced or distributed without the express written permission of the fund’s general partner.

7. You understand that a detailed listing and discussion of principle risk factors can be found on pages 19 through 30 of the confidential private offering memorandum.

8. A detailed listing and discussion of conflicts of interest can be found on pages 30 through 33 of the confidential private offering memorandum.

9. You understand that hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown herein. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

10. You understand that one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading 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 to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.