Disclaimer

This Investment Summary is an ancillary document to the Private Placement Memorandum (“PPM”) for NSC Fund, LLC (the “Fund”). It explains the Fund’s purpose and objectives.

Additionally, it explains how you can voluntarily allocate all or part of your capital to individual investment opportunities (“Investments”), each of which will be presented in a separate “Deal Disclosure” that describes a specific Investment, as is further described in the PPM. This Investment Summary is meant to be read in conjunction with the PPM and a Deal Disclosure.

You must read the PPM and each of its attachments before you subscribe to the Fund. You will subscribe by signing the PPM and wiring the amount you wish to invest to the Fund’s general bank account. Your funds will be held in the Fund’s general bank account pending allocation to individual Investments, each of which will be presented to you by the Fund Manager (referenced in the PPM as “Sponsor(s)” in a Deal Disclosure form. Your funds will not be used until you have reviewed and signed a deal-specific Deal Disclosure form indicating your desire to allocate your funds to that Investment.

This Investment Summary contains excerpts from the PPM, which includes a complete description of the Risk Factors associated with the Fund and its Investments. Attachments to the PPM include the Limited Liability Operating Agreement and a Subscription Agreement. Any additional Risk Factors the Fund Manager deems material to your investment decision will be provided in the Deal Disclosure. All of these documents are available in our investment portal, and each of them is important to your understanding of the Fund, how it operates, and how your funds will be allocated to specific Investments.

You should review all of the provided materials (collectively, the “offering materials”) before investing in the Fund or allocating funds to Investments to maintain comfort that the Investment is suitable for your investment strategy.