QXI (the “Presenter”), is not acting as a licensed financial or investment advisor. Nothing in this document constitutes a solicitation, promotion, offer or recommendation to buy or sell any fund or security. This document has been prepared for information purposes only. This document is commercially sensitive, private and confidential and may not be disclosed without the prior written consent of the Presenter. The Presenter does not guarantee the accuracy or completeness of information which is contained in this document and which is stated to have been obtained from or is based upon trade and statistical services or other third party sources. Any data, including pro-forma analysis, on past performance, modelling, scenario analysis or back-testing contained herein is no indication as to future performance. No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any modelling, scenario analysis or back-testing. The Presenter accepts no liability whatsoever for any consequential losses arising from the use of this document or reliance on the information contained herein including, without limitation, the reliance on any information, data or model set out herein, or use of this document in the preparation of any financial books and records. Any pricing information, including pro-forma pricing, provided herein is indicative and non-binding and is subject to change. The receipt by you of any such pricing shall not constitute a binding transaction at such price. The Presenter does not make any representation or warranty, regarding the adequacy or reasonableness of the pricing information herein and accepts no responsibility or liability for any losses or expenses arising out of the use of or reliance on this information. Pricing information is as of the date of this document. Unless otherwise agreed in writing with you: (i) the Presenter does not provide, and has not provided, any investment advice or recommendation to you in relation to any transaction and/or any related securities described herein; (ii) You may not rely on any communication (written or oral) from the Presenter as investment advice or as a recommendation to enter into any transaction; (iii) the Presenter is under no obligation to, and shall not, determine the suitability for you of any transaction described herein; (iv) You must determine, on your own behalf or through independent professional advice, the merits, terms conditions and risks of any transaction described herein; :and (v) You must also satisfy yourself that you are capable of assuming, and assume, the risks of any such transaction. The Presenter does not give tax, legal, regulatory or accounting advice and you should therefore seek your own independent tax, legal, regulatory and accounting advice before entering into any transaction. The accounting treatment of a particular transaction is a matter for agreement between the relevant company and its auditors. All opinions and estimates are given as of the date hereof and are subject to change and the Presenter has no obligation to update its opinions or the information in this publication. The value of any investment may fluctuate as a result of market changes. The information in this document is not intended to predict actual results and no assurances are given with respect thereto.