Dear valued investors, We are writing to update you on the performance of the Trap Test Fund LP for the second quarter of 2026. The fund generated a net return of approximately 5% for the period. The fund's portfolio currently consists of 12 positions, which were carefully selected to achieve our investment objectives. Unfortunately, we do not have specific information on the top contributors and detractors to the fund's performance for this quarter. As we continue to navigate the current market environment, we will maintain our disciplined approach to investment management. Our investment team will continue to monitor market conditions and make adjustments to the portfolio as necessary to pursue our investment goals. We appreciate your ongoing support and confidence in the Trap Test Fund LP. If you have any questions or would like to discuss your investment, please do not hesitate to contact us. Additionally, we recommend that you coordinate with your CPA or attorney to ensure you are in compliance with all tax and legal requirements related to your investment in the fund. Thank you for your continued partnership. Sincerely, [TK]