The Futures Industry for Institutions & Family Offices Dan Hughes – Hughes & Company • Dan Hughes is the Founder and M.D. of Hughes & Company, a Fort Lauderdale based Introducing Brokerage firm dedicated to the institutional futures industry. • Hughes & Company provides full-service brokerage • Commodity Trading Advisors, Professional Traders, and Family Offices & Institutions • Clients of Commodity Trading Advisors whom we serve as the main introducing broker for, and • Managed Futures Investors, which includes Family Offices & Institutions Futures Overview • A futures contract is a standardized forward contract. • Incredible Electronic Trading Growth • Speculative Trading / Hedging • Trading Around the Clock – Worldwide • More than 150 liquid futures products across the globe • Predominant underlying vehicle for commodity exposure with ETF’s • Inherent Leverage Built into the Futures Contracts • Requires Less Capital for Comparable Notional Exposure • Not Securities - No Reg T Margin Managed Futures Overview • Commodities Trading Advisors – Regulated by the CFTC & NFA with 3rd Party Trading Authority • Various Strategies – Niche Expertise • Returns- Absolute / Crisis Alpha • Diversification - Long / Short Across All Major Asset Classes – Reduced Volatility • Tax Advantages – Singular Page 1099B - Section 1256 Contracts (60 Long / 40 Short) • Desirable Redemption Policies & Investment Liquidity • Flexible Fee Schedules – Not your Standard 2/20 Managed Futures - Infrastructure • Investment Structure • SMA’s or Pools • Transparency, Liquidity, Diversification • Existing Prime Brokerage Can be Utilized • Additional FCMs • Hughes & Company opens accounts • 100% SPAN Margining – Slide Risk Parameters • Master Account – Cross Margining of Underlying Accounts • Hughes & Company Assists with Brokerage and/or Manager Introduction Thank You!

The risk of loss in trading futures and/or options is substantial and each investor/trader must consider whether this is a suitable investment. Past performance is not indicative of future results. There is no guarantee that the selection of any advisor(s), or your own trading, will result in profitable performance. Tearsheets are provided to us directly by the Advisor(s). We do not guarantee that such information is accurate. Disclosure documents and all other applicable documents must be reviewed, and due diligence performed, before opening an account. For a complete list of our disclosures please visit www.hughesandco.ltd.