GLENORCHY CAPITAL LTD (BC NO:1975524) DOES NOT GUARANTEE THE REPAYMENT OF CAPITAL OR ANY PARTICULAR RATE OF RETURN FROM THE MANAGED ACCOUNTS. PAST PERFORMANCE IS NO GUARANTEE OR INDICATION OF FUTURE PERFORMANCE. YOUR PORTFOLIO PRICE CAN GO DOWN AS WELL AS UP. THIS DOCUMENT DOES NOT TAKE INTO ACCOUNT A READER’S INVESTMENT OBJECTIVES, PARTICULAR NEEDS OR FINANCIAL SITUATION. IT IS GENERAL INFORMATION ONLY AND SHOULD NOT BE CONSIDERED AS INVESTMENT ADVICE AND SHOULD NOT BE RELIED ON AS AN INVESTMENT RECOMMENDATION. BY ENGAGING WITH GLENORCHY CAPITAL YOU ACKNOWLEDGE TO BEING A “QUALIFIED CLIENT” AS DEFINED UNDER RULE 205-3 OF THE U.S. INVESTMENT ADVISERS ACT OF 1940 AS: A NATURAL PERSON OR COMPANY THAT HAS A NET WORTH OF AT LEAST $2,200,000 OR PLACES $1,100,000 OR MORE UNDER MANAGEMENT WITH US; OR IS A “QUALIFIED PURCHASER”AS DEFINED UNDER THE U.S. INVESTMENT COMPANY ACT OF 1940.