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SUMMARIZED GENERAL KEY FACTS' STATEMENT SECURITIES and FIDUCIARY ACCOUNTS GENERAL ACCOUNTS' INFORMATION Account Maintenance

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SUMMARIZED GENERAL KEY FACTS' STATEMENT SECURITIES and FIDUCIARY ACCOUNTS GENERAL ACCOUNTS' INFORMATION Account Maintenance GENERAL KFS FOR SECURITIES AND FIDUCIARY ACCOUNTS SUMMARIZED GENERAL KEY FACTS’ STATEMENT SECURITIES AND FIDUCIARY ACCOUNTS GENERAL ACCOUNTS’ INFORMATION Account Maintenance Fee 0.1% monthly applied on weighted average value of assets Minimum Investment USD 50,000.00 Check Deposit Fee USD 5 or equivalent (additional bank charges may apply) Check Withdrawal Fee USD 5 or Equivalent (additional bank charges may apply) Local Wire Transfer (Outward) USD 50 or equivalent (additional bank charges may apply) Fee International Wire Transfer USD 80 or equivalent (additional bank charges may apply) (Outward) Fee Statement of Account Fee Free GENERAL ACCOUNTS’ INFORMATION BONDS Commissions Up to 0.2% of investment value Min. commission of 80 EUR Min Trading Size Up to 200K of instrument’s currency BONDS CFDs Spread on Bond CFDs Up to 0.08 minimum spread Min. Trading Size 50 CFDs STOCKS, ETFs, AND CORRESPONDING CFDs Commissions Up to 0.8% of investment with Min. commission by market Min. Trading Size Up to 20K of instrument’s currency ETCs Commissions 0.14% of investment Min. commission of 16 Eur or 14 GBP INDEX CFDs Spreads Up to 84 minimum spread SPOT FOREX AND COMMODITIES - 1 - GENERAL KFS FOR SECURITIES AND FIDUCIARY ACCOUNTS Spreads Up to 52 minimum spread COMMODITY CFDs Spreads Up to 14 minimum spread Min. Trade size Depends on underlying FOREX CFDs Spreads Up to 0.04 min spread Min. Trade size Up to 5,000 OPTION CFDs Daily Holding Fee 2.2 Contract Size Up to 1 index OTHER FEES AND COMMISSIONS Custody Fee for ETFs/ETCs or 0.24% p.a. with a monthly minimum of EUR 10.00. bonds Carrying cost for Overnight Carrying Cost = Margin requirement * Holding time * (Relevant positions in Expiring CFDs Interbank rate + Markup) / (365 or 360 days) MARGIN REQUIREMENTS Position Initial Margin Maintenance Margin Currencies and Precious Metals 5% of Underlying Value 3.75% of Underlying Value Raw Material and Other Goods 10% of Underlying Value 7.5% of Underlying Value Futures Except for 1 & 2 above Max between Correspondent and Exchange Requirements Short Options Except for 1 & 2 Max between Correspondent and Exchange Requirements or above Liquid Underlying Asset for Short Call Options Equity Positions 50% of Assets Value 25% of Assets Value Fixed Income Positions 50% of Assets Value 25% of Assets Value (Investment Grade Only*) GENERAL FEES AND COMMISSIONS ON DISCRETIONARY PORTFOLIOS Management Fees 1.5% p.a. of the weighted average Asset Value Maintenance Fee Waived - 2 - GENERAL KFS FOR SECURITIES AND FIDUCIARY ACCOUNTS Success Fee Depends on portfolio TRADING INHERENT RISK FINANCIAL MARKETS RISKS - The Client will be exposed to the risks of trading in the Financial Markets, securities and other financial instruments and products. More Capital shall not be responsible or liable regarding this matter. These risks include but are not limited to price fluctuation of stocks held by the Client, fluctuations in the prices of units in funds held by the Client, fluctuation in price of commodities held by the Client, interest rate risk and credit risk impacting the value of fixed income positions held by the Client. DERIVATIVES RISKS - Trading in Derivatives entails high risks. Positions on Derivatives could entail high and rapid losses due to the leverage associated therewith. Certain positions on Derivatives, including but not limited to selling call options may expose the Client to unlimited losses. LEVERAGED POSITIONS RISKS - If the markets move against a Client’s leveraged position and regardless of the amounts, the Client may be called upon by More Capital to deposit additional margin funds. If the Client does not provide the required funds within the time frame required by More Capital, his position may be liquidated at a loss, at More Capitals’ sole discretion, and the Client will be liable for any resulting deficit in his account. Furthermore, in the event of severe market disruption and/or price volatilities which may result or may have resulted in the current market values of the futures contracts which is subject matter of any outstanding contract moving to an unusual level, More Capital reserves the right, at its sole discretion, to close and liquidate the contract where significant loss has occurred or is expected by More Capital without reverting to the Client. FEES AND COMMISSIONS ON PRIVATE EQUITY AND VENTURE CAPITAL INVESTMENTS Execution Fee 5% of deal value Carried Interest 20% Carried Interest on Returns Maintenance Fee Waived PEVC INHERENT RISK Private Equity and Venture Capital positions entail additional risks compared to publicly traded instruments as they are illiquid by nature and may not be liquidated by the Client at will. As such, investments in Private Equity and Venture Capital deals may entail relatively long holding periods and may generate high losses when liquidated. TAXES Taxes might apply on transaction execution or returns of any kind. All such taxes and other taxes that may arise shall be charged to the Client and More Capital shall not be liable in any way in this respect. - 3 - GENERAL KFS FOR SECURITIES AND FIDUCIARY ACCOUNTS DETAILED GENERAL KEY FACTS’ STATEMENT SECURITIES AND FIDUCIARY ACCOUNTS Table of Contents I. TYPE OF ACCOUNTS ........................................................................................................ - 5 - II. FEES, COMMISSIONS, MARGIN REQUIREMENTS.......................................................... - 5 - 1. NON-DISCRETIONARY MANDATE FEES, COMMISSIONS, AND MARGIN REQUIREMENTS . - 5 - 1.1. FIDUCIARY AND/OR SECURITIES ACCOUNT(S) MAINTENANCE FEE ............................................ - 5 - 1.2. FEES AND COMMISSIONS ON TRADED INSTRUMENTS’ TRANSACTIONS (BUY AND SELL) ...... - 5 - 1.2.1. COMMISSIONS ON BONDS’ TRADING ....................................................................................... - 5 - 1.2.2. SPREAD ON BOND CFDs’ TRADING ........................................................................................... - 5 - 1.2.3. COMMISSIONS ON STOCKS’, ETFs’, and CORRESPONDING CFDs’ TRADING ..................... - 5 - 1.2.4. COMMISSIONS ON EXCHANGE TRADED COMMODITIES’ (ETCs) TRADING ......................... - 7 - 1.2.5. SPREADS ON INDEX CFDs’ TRADING ........................................................................................ - 7 - 1.2.6. SPREAD ON SPOT FOREX AND COMMODITIES ....................................................................... - 9 - 1.2.7. SPREAD ON COMMODITY CFDs’ TRADING .............................................................................- 10 - 1.2.8. SPREAD ON FOREX CFDs’ TRADING .......................................................................................- 11 - 1.2.9. DAILY HOLDING FEES ON OPTION CFDs TRADING ................................................................. - 2 - 1.2.10. FEES AND COMMISSIONS ON TRADING FUTURES AND OPTIONS .....................................- 12 - 1.2.11. CUSTODY AND OTHER FEES....................................................................................................- 12 - 1.3. FEES AND COMMISSIONS ON PRIVATE EQUITY AND VENTURE CAPITAL TRANSACTIONS....- 12 - 1.4. FEES AND COMMISSIONS ON SPECIAL PRODUCTS .....................................................................- 12 - 1.5. MARGIN REQUIREMENTS ..................................................................................................................- 12 - 2. DISCRETIONARY MANDATE FEES AND COMMISSIONS ...................................................... - 13 - 2.1. MANAGEMENT FEES ..........................................................................................................................- 13 - 2.2. SUCCESS FEES ...................................................................................................................................- 13 - III. MINIMUM INVESTMENT AND NET INVESTABLE ASSETS .........................................- 13 - IV. CORRESPONDENTS AND SERVICE PROVIDERS ......................................................- 14 - V. RISK DISCLAIMER.............................................................................................................- 14 - 1. GENERAL RISKS ...................................................................................................................... - 14 - 2. RISK ASSESSMENT ................................................................................................................. - 14 - 3. FINANCIAL MARKETS RISKS .................................................................................................... - 3 - 4. DERIVATIVES RISKS .................................................................................................................. - 3 - 5. LEVERAGED POSITIONS RISKS ............................................................................................... - 3 - 6. PEVC RISKS ............................................................................................................................. - 15 - 7. REGULATORY RISKS ............................................................................................................... - 15 - - 4 - GENERAL KFS FOR SECURITIES AND FIDUCIARY ACCOUNTS I. TYPE OF ACCOUNTS The present document represents the Key Facts’ Statement (“KFS”) for both Securities Accounts managed by More Capital under the provisions of Lebanese Law No. 234 dated June 10th, 2000 (regulating the financial intermediation profession) and Fiduciary Accounts managed by More Capital under the provisions of Law No. 520 dated June 6th, 1996 (regulating the development
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