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Skanestas Investments Limited Agreement for the Provision of discretionary portfolio management services SKANESTAS INVESTMENTS LIMITED PORTFOLIO MANAGEMENT SERVICES FEE (Appendix B) Effective from September 01, 2015 1. Portfolio management services Type of service MOEX Other markets and financial instruments Annual management percentage of gross assets 1 fee, Success fee, Operating percentage of profit (if expenses above of a hurdle rate)* De facto, but no 20 more than 5% of gross assets 1.5 20 De facto, but no more than 5% of gross assets * The hurdle rate is a subject to bargaining, the mediane is 6 % per annum. Unless otherwise expressly specified or agreed upon, the fees do not include any taxes, levies, duties or expenses that may be payable by or imposed upon Skanestas Investments Ltd in the course of or pursuant to acting upon Client's Orders, Instructions or Messages. The Client is responsible for reimbursing and compensating the full amount of any such taxes, levies, duties and expenses, which shall be charged separately and in addition to the fees specified upon determination of the same in accordance with the exact nature and scope of the Order, the Instruction or the Message. The fees for additional services are subject to negotiation and agreement between Skanestas Investments ltd and the Client. The Client is warned of possibility that other costs, including taxes, related to transactions in connection with the Financial Instruments and/or the investment and ancillary services may arise for the Client. Unless otherwise expressly agreed upon, Skanestas Investments ltd shall not be responsible or obliged to arrange for payment of such costs and taxes, as may be payable by or imposed upon the Client. All fees will be withheld from the Client’s account in the same currency as specified or, if no currency is specified, in Euro (where applicable, at the currency exchange rate provided by European Central Bank at time of withholding). ACCEPTANCE BY THE CLIENT: By signing hereunder, the Client accepts, represents and agrees with the following: 1. The Client has familiarized itself with this Portfolio Management Fee Schedule and agrees to the terms and provisions of the same in its entirety, always subject to any express agreement that may be signed between the Client and Skanestas Investments Ltd. Regulated by CySEC License No CIF 251/14 Skanestas Investments Limited Agreement for the Provision of discretionary portfolio management services 2. The Client understands all the terms and provisions of this Portfolio Management Service Fee Schedule and has obtained all clarifications necessary in order to understand the effects thereof and obligations of the Client hereunder. The Client understands that a failure on the part of the Client to comply with all and every of its obligations under this Portfolio Management Fee Schedule shall constitute an Event of Default under the Trading Regulations. 3. The Client undertakes to pay all the fees of Skanestas Investments Ltd and to promptly settle all the obligations of the Client, including by taking appropriate steps and establishing appropriate arrangements as to ensure the ability of Skanestas Investments Ltd to withhold the amounts due in accordance with this Portfolio Management Fee Schedule or any other agreement between the Client and Skanestas Investments Ltd on the due date. Client _____________________________ Signed and executed by the Client'on behalf of the Client by: Signatory name:_________________ Capacity: _______________________ Signature: Date: ___/___/_______ Regulated by CySEC License No CIF 251/14