Authorised and Regulated by the Financial Conduct Authority (No ) Address: Lion House, Red Lion Street, London WC1R 4GB, United Kingdom.

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1 Forex Managed PAMM Account Information Brochure This document has been issued for informational purposes only and does not constitute an offer or solicitation to subscribe to an FX Perpetual Managed Account. Stargate Capital Management Limited is the investment manager for FXPerpetual. Authorised and Regulated by the Financial Conduct Authority (No ) Address: Lion House, Red Lion Street, London WC1R 4GB, United Kingdom. Knightsbridge Capital Markets is the appointed marketing agent for FXPerpetual. Authorised and Regulated by the Financial Conduct Authority (No ) Address: 14 Basil Street, Knightsbridge, London, United Kingdom, SW3 1AJ

2 Information Brochure Returns are not guaranteed. The high degree of leverage can work against you as well as for you. You may get back less than originally invested and should be fully aware that you may experience loss of capital. Whilst FX Perpetual employs five risk control strategies there is a risk of capital loss, trading on a margin basis means that any market movement will have a proportionate effect on your deposited capital and may result in the loss of your entire balance. You may also potentially be exposed to an additional loss over and above your initial investment, for which you will be liable for any resulting deficit. The level of return will depend on the performance of the Managed Account. Stop losses are not guaranteed. Basket Stop Facility (BSF) is not guaranteed to protect against losses. Investment in the FX Perpetual Managed Account is not covered by the FCA Cancellation Rules. There is therefore no regulatory requirement to allow cancellation, however cancellation requests will be considered but may incur an administration charge. Tax legislation may change and this may have an adverse affect on the tax treatment of your investment.

3 Glossary of Terms 24/5 Trading Forex trading will commence from the time Wellington, New Zealand opens for trading until New York, USA closes for trading Technical Adviser to the Investment Manager Account Anniversary Date Additional Deposits Applicant/Client/Investor Basket Stop Facility (BSF) Bear Market Broker Bull Market Capital/Investment Capital Closed Trade Basket Profit and Loss Balance Currency Drawdown Drawing Speed UK Innovative TI Ltd registered in England & Wales No: whose registered office is at 1000 Lakeside, North Harbour, Portsmouth, PO6 3EN The Anniversary Date is calculated 12 months from the Dealing Day the account starts trading. The Anniversary Date is reset every 12 Months. Account deposits are permitted at anytime. Additional account deposits equal to or less than 10,000 can be added at any time, these account deposits will be protected by BSF and covered under the original accounts BSF anniversary date. Deposits exceeding a total of 10,000 will be placed in a new sub account which will have its own BSF Anniversary Date. The person, persons, or entity applying for the Managed Account BSF is similar to a cash flow overdraft and an insurance pool, account holders are entitled to make a claim at their account anniversary to compensate for any net loss on their account, net loss is measured by closed trade basket profit and loss. BSF claims are non recourse to the account holder meaning they are not expected to be paid back similar to an insurance payout. A market in which prices are falling The Broker provides a Trading Account. The Broker acts as an agent in the forex market, working on behalf of the client to buy and sell currencies. A market in which prices are rising. The amount of funds that are managed. Closed trade basket profit and loss balance is the value of each account as measured by profits and losses made as each trade basket closes, either for a profit or loss Any form of money issued by the government or central bank and used as legal tender and a basis of trade. The effect of negative open trades on the current Managed Account equity. Any losses are not applied to the account balance until trades are closed. The difference between the buying and selling price of a currency contract Forex Guardian Hedge High Watermark Investment Manager Foriegn Exchange - currency trading The Guardian is an automated risk management strategy that employs hedge trades to protect trade baskets from stopping out for crystallised losses. A High Watermark value is calculated by the manager for each account based on profits and losses made by closed trade baskets. The High Watermark value represents the highest value each account has historically reached, performance fees are only deducted from returns over the High Watermark level. Stargate Capital Management Ltd, Registered Offices located Lion House, Red Lion Street, London WC1R 4GB, United Kingdom. with FX Perpetual C/O Suite Central 216, 1000 Lakeside, North Harbour, Portsmouth, PO6 3EN Leverage Long Position Managed Account Managed Account Balance Managed Account Equity Margin Open Equity PAMM Performance Fee Pip Set-Up Fee Stop Losses Short Position Surrender Value Trade Basket Trading Account Trading Margin Trading Platform Leverage is a loan facility provided by the Broker which enables larger currency trades to take place, but without any physical borrowing. It means that only a fraction of the capital on deposit is required in order to place a trade. This is known as trading on margin A position taken in anticipation of a rising market, to go long means to buy a currency The Managed Account is a Trading Account managed by the Investment Manager under a power of attorney arrangement The current investment capital on deposit with the Broker The Managed Account balance plus the current value of any open trades The capital held in Trading Account used as security for leveraged forex trading Open equity represents the spot valuation of each open trade, the spot value is calculated by the broker and will fluctuate based on price movements up and down. The open equity value represents unrealised profits and losses or open trades. Percentage Allocation Money Management - A software application which allows a money manager to manage multiple trading accounts on one trading platform. Performance fees are deducted by the manager from profits made on each account over that has increased over its High Watermark level In forex trading, a Percentage In Point or Price Interest Point ( pip ) is the smallest change in price of a given currency pair 1% of starting account balance per month for the first 5 months A pre-defined buy or sell order that is used to close a trade when the market has moved a specified amount against the position, therefore limiting the loss of a trade. Stop losses cannot be guaranteed. A position taken in anticipation of a falling market, to go short means to sell a currency The surrender value will reflect the accounts percentage allocation of the trades open on the MAM Master account. The clients will then be notified of the Surrender Value of their account and then has the option to accept or decline the withdrawal request. If the client accepts the surrender value, the account will be withdrawn from the Managed Account program within 48hrs at the Surrender Value, if the clients declines to take the Surrender value the account will continue to be traded. Trade baskets are a series of counter trend trades placed at strategic levels, the manager expects a high percentage of trade basket to close on price retracements making a pre determined profit level. An account opened with the Broker to enable trades to be placed into the forex market Margin is the amount of money needed as a good faith deposit to open a position with the broker. It is used by the broker to maintain our positions. IT software supplied by the Broker to facilitate the analysis, placing and execution of currency trade, e.g MT4

4 Account Overview Aims The Managed Account will trade a range of global currencies via a portfolio of algorithms with the aim of returning a smoothed return whilst protecting the original capital invested, however neither is guaranteed. Managed Account A Managed Account is a forex trading account, set up with an appointed Broker. Power of attorney is granted to the Investment Manager (Stargate Capital Management Limited ( Stargate )) to trade this account on your behalf, the terms of which are set out in the Broker Trading Account Application Form. Minimum Investment 10,000 GBP Term There is no fixed term however the Managed PAMM Account should be considered as a medium-term investment. Fees Set-Up Fee Trade Execution Charges Performance Fees 1% of starting account balance per month for the first 5 months of trading. Costs of trade execution are charged at variable rates up to 5 pips over and above the wholesale market rate. These amounts will only be increased with 30 days written notice The manager reserves the right to change the trade execution amount at any time. Performance fees of 35% of any monthly overall profit (after trade execution charges) will be deducted. The high watermark is set when a new high monthly balance is achieved (net of fees) each month. The high watermark will be calculated on closed trade basket profits and losses. The performance fee deducted is paid to the Investment Manager and the Adviser to the Investment Manager. Fees may be subject to VAT and/ or other applicable statutory taxes.

5 Overview FXPerpetual is a Forex Trading Managed PAMM Account provided and managed by Stargate Capital Management Ltd. It applies a trading strategy which aims to maximise profits for investors by capitalising on the reversal of a current forex price trend in both bull and bear markets. The strategy does not attempt to predict future price trends; instead it reacts to current price movements, placing trades in the opposite direction to the trend as it unfolds, e.g placing sell orders in bull markets and buy orders in bear markets. Trading Strategy places a progression of trades (collectively known as the basket ) at intervals in the opposite direction to the price trend on each currency pair traded. Each successive trade in the basket is of a higher value than the previous trade, designed to minimise the amount of trend reversal needed to close the basket at a pre-determined level of profit. Automated Trades are placed automatically at tactical intervals in price movement, as specified by an algorithm for each currency pair. Up to four algorithms are traded on each currency pair across up to 25 currency pairs. Four risk management strategies are employed as described on the risk management section of this document. Pre-determined profit levels* Each basket is assigned a minimum target price at which all trades are closed with the aim of generating a profit for investors. Due to the composition of the baskets, only a small price trend reversal may be required to close trades at the specified profit level. If a price trend continues beyond the original target, the number of trades in the basket increases and the target price is dynamically adjusted to maximise the profitability of the trade. *Trade basket profit levels cannot be guaranteed

6 Risk Management The Investment Manager diversifies his trading across multiple currency pairs, which means that investors capital at risk is evenly diversified. When a trade basket goes into drawdown, the guardian hedge strategy is automatically executed: in this example a buy trade for the cumulative value of the open sell trades (the basket) is placed in order to freeze and/or eliminate the drawdown. Once the currency market begins to retrace, the hedge trade is closed, having frozen the drawdown, and the sell positions are closed at the pre-determined profit level for this basket. *Trade basket profit levels cannot be guaranteed. ** The Guardian hedge strategy cannot be guaranteed to eliminate drawdown. *** See terms of the BSF as outlined in the FX Perpetual account opening application. If the market had continued to go against the trade basket and the Guardian hedge has failed, a hard stop is in place to close all trades in this basket. The hard stop is only used as a last resort and is designed to protected the account from a significant loss. It is applied only to the currency pair where the level of drawdown exceeds the pairs allocation of the account balance, thus activating the hard stop and closing out positions for the currency pair at a pre-defined percentage of the overall account balance. ***

7 Basket Stop Facility (BSF) The Basket Stop Facility (BSF) applies only to net trading losses (as calculated by closed trade profit and loss) as measured on the Anniversary Date. The net trading losses are represented by the clients account Balance value as on the Dealing Day of the Anniversary Date. The Manager reserves the right (following any period of adverse performance) to defer any BSF account claim date for up to 12 months. Open trade positions are not taken into consideration when applying the BSF. The Balance protected by the BSF is recalculated on the Anniversary Date. If the current Account Balance is greater than the Account Balance either when the account was opened or previous Anniversary Date, whichever is the greater value, the BSF value is reset locking in any profits gained over the previous 12 Months. A partial withdrawal will reset the whole account to a new Anniversary date, one year from the date of the withdrawal. The Balance protected by the BSF will also be reset to reflect the Partial Withdrawal. The basket stop facility only applies to any net trading losses suffered by poor strategy performance and does not apply in instances where losses were caused by failure to perform by the trade execution broker including but not limited to any rejected trade orders, price feed blackouts, losses as a result of price gaps or any broker performance failure. Custodial Account A Custodial account has been set up in the name of Hantec via Barclays, with cash belonging to UKITI. Hantec can credit clients accounts directly from the BSF account if such payments are due. Dealing Day The Dealing Day will occur on the 1st of each month or the first working day of the month, whichever is sooner. The Dealing Day is used to perform all Administration and Accountancy functions on your account. These included the following: 1. Processing accounts to join the Managed Account program. 2. Calculating and processing the performance fee withdrawals. 3. Calculating and notifying clients of their accounts Surrender Value. 4. Processing partial or full withdrawals. 5. Calculating and processing BSF claims for eligible accounts. The Dealing Day is necessary to ensure the integrity of the Managed Account program during account withdrawals. The Investment Manager reserves the right to rollover the current Dealing Day to the following Dealing Day at their discretion.

8 Account Anniversary Date The Anniversary Date is calculated 12 months from the Dealing Day the account starts trading. The Anniversary Date is reset every 12 Months. Lock-in Period The Lock-in Period lasts for the first 3 Months. The Lock-in Period will be calculated from the Dealing Day the account starts trading. The Investment Manager reserves the right to remove the Lock-in Period. Withdrawals Full or Partial withdrawals will be processed on a Dealing Day. A withdrawal requests can be submitted at anytime, however it must be submitted at least 5 working days before the next Dealing Day to qualify. If the request falls within the 5 days it will be processed on the following Dealing Day. When a Full Withdrawal request is received, FXPerpetual will acknowledge the request and the client will be notified of the Dealing Day the request will be processed. On the Dealing Day the accounts Surrender Value will be calculated. The Surrender Value will reflect the accounts percentage allocation of the trades open on the MAM Master account. The clients will then be notified of the Surrender Value of their account and then has the option to accept or decline the withdrawal request. If the client accepts the surrender value, the account will be withdrawn from the Managed Account program within 48 hours at the Surrender Value, if the client declines to take the Surrender value the account will continue to be traded. Full withdrawal requests received before the BSF Anniversary will not be eligible to claim against the BSF. Due to limitations of the PAMM allocation method, Full Withdrawals cannot be processed when the Master Account balance has positive open positions. The Full Withdrawals will be processed on the next Dealing Day. When a Partial Withdrawal request is received, the request we will be acknowledged and the client will be notified of the Dealing Day the request will be processed. The client is not limited to the value or frequency of the partial withdrawals outside the Lock-in Period. All Partial Withdrawals will reset the Anniversary Date of when the account is eligible to claim against the BSF. Processing withdrawals during times of high Drawdown or which could significantly reduce Free trading Margin, the Investment Manager reserves the right to suspend the Dealing Day. This is to ensure the integrity of the Managed Account program and to ensure the withdrawals are not to the detriment of the remaining account holders. Any client who has submitted a withdrawal request during these times will be notified that the Dealing Day has been suspended and be given the cause for the suspension. The Investment Manager at his discretion will determine the duration of the withdrawal suspension, any pending withdrawals will be processed on the next Dealing Day.

9 Account withdrawals and surrenders are not permitted within the Lock-In Period. Account withdrawals are at the full discretion of the Investment Manager. Additional Deposits Account deposits are permitted at anytime. Additional account deposits equal to or less than 10,000 can be added at any time, these account deposits will be protected by BSF and covered under the original accounts BSF anniversary date. Deposits exceeding a total of 10,000 will be placed in a new sub account which will have its own BSF Anniversary Date. F.A.Q What is Forex? Foreign Exchange is the simultaneous buying of one currency and selling of another. The foreign exchange market (forex) is the largest financial market in the world, with a volume of over $4 trillion* daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the forex market has no physical location or central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the forex market to operate on a 24-hour/5 days a week basis, spanning from one zone to another across the major financial centres. Typical traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions, although Governments would not normally be trading for profits. Trading volume has increased rapidly over time, especially since exchange rates were allowed to float freely in *Source: Bank for International Settlements (December 2010). How are the trading risks mitigated? The Investment Manager will employ a defined selection of techniques with the aim of mitigating the risks associated with forex trading and smoothing volatility. 1) Diversification of Capital. The strategy trades multiple currency pairs simultaneously via the application of multiple algorithms. Each algorithm is assigned a low percentage of investment capital, thereby limiting the effect on the overall account balance in adverse market conditions. Each algorithm opens a series of trades (Trade basket) within a counter trend strategy, trade baskets require a trend price reversal to close each basket at a pre defined profit*. 2) If price trends do not reverse an automated Guardian Hedge** strategy is employed. A Guardian Hedge is a series of trades equal to or greater than the value of the trades in the basket placed in the direction of the price trend. As these trades are placed in the opposite direction to the basket, the basket trades are hedged with the aim of freezing and/or eliminating the effect of any negative trades (known as drawdown ). Once the trend begins to reverse, the Guardian Hedge is closed and the trade basket continues until it closes at the pre-determined profit level. 3) In the event of a failure of the Guardian Hedge a basket stop loss is employed. Trade basket stop events cause crystallised losses on the account.

10 4) In the event of trade basket stop events causing a net loss to your account as measured by closed trade baskets on your account, any net loss will be credited to your account via a non recourse Basket Stop Facility (BSF) on the annual anniversary of your account opening*** *Trade basket profit levels cannot be guaranteed. ** The Guardian hedge strategy cannot be guaranteed to eliminate drawdown. *** See terms of the BSF as outlined in the FX Perpetual account opening application.f.a.q How do I find out the current value of my Account? Once your Managed Account has commenced trading, you will receive a monthly statement detailing your Managed Account equity as at the last business day of the previous month. How is my capital protected against provider failure? The Broker is required to hold your investment capital in a segregated bank account. Your capital will be deposited into a client money bank account. If the Investment Manager or Broker were to become insolvent, all investment capital held in the segregated bank accounts would be protected. Can I top up my Account with additional investment capital? Yes, the minimum acceptable amount for a Managed Account top up is 1,000 GBP. How can I make a partial withdrawal from my Account? In the event you wish to release either part or all of your capital, it is possible to withdraw the requested amount without charge by completing a withdrawal request with the broker on your account with them. Once a withdrawal request has been received, the Investment Manager will aim to close the trades on your account as soon as possible, with the objective of minimising the impact of any negative open trades on your account balance. Withdrawals will be made from the account balance. How does a Managed Account affect my tax situation? If you are in any doubt about your tax situation we recommend you seek professional advice from a qualified tax adviser. Stargate does not provide individual tax advice. Am I protected by BSF if I close my account or make a partial withdrawal during the yearly protection period? No, closing your account or withdrawing funds after a basket stop will make your account ineligible to redeem your losses via BSF for that basket stop. How do I apply for my Managed Account? Please follow account opening process as detailed on our website - What happens if I want to complain? Stargate is committed to providing a first-class investment management service. If for any reason you are not satisfied with any aspect of our service, please let us know as soon as possible using the details below: ukiti@stargatecapital.co.uk This document is issued by Stargate Capital Management Limited which is authorised and regulated in the United Kingdom by the Financial Conduct Authority (FCA) and is for informational purposes only. This document does not constitute an offer or a solicitation to subscribe to a FX Perpetual Managed Account Stargate Capital Management Limited Authorised and Regulated by the Financial Conduct Authority (No ) Address: Lion House, Red Lion Street, London WC1R 4GB, United Kingdom.