The following rules apply to the calculation of shares of PAMM Account Participants (Investors and Manager)


1. When calculating the shares of the participants of a PAMM Account, at the
moment of calculation, the total amount of funds on the PAMM Account is
considered as 100%.


2. The share of each participant of a PAMM Account is expressed in percent and
calculated as a proportion of the funds of each participant to the total amount
of Funds of the PAMM Account.


PAMM Account at the moment of calculation:


Share = equity * share coefficient where

Share coefficient – the current share of the investor in %


Equity – equity of PAMM Account


Any deposit or withdrawal to/from the PAMM Account results in a recalculation
of shares of all participants of the PAMM Account.