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The PAMM Investment shares calculation.

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.