Summary

The Sugar Creek WestCay Tropicals program is a discretionary specialist trading program offered by Sugar Creek Investment Management, LLC. PERFORMANCE NOTES: ALL PRO-FORMA RETURNS FROM FEBRUARY 2014 THROUGH DECEMBER 2016 ARE DERIVED FROM COMPOSITE RETURNS OF SUGAR CREEK CLIENT ACCOUNTS AND CALCULATED TO REFLECT 2% MANAGEMENT AND 20% PERFORMANCE FEES ("2/20"). ALL ASSETS UNDER MANAGEMENT REPORTED DURING THIS PERIOD WERE ASSETS MANAGED BY SUGAR CREEK INVESTMENT MANAGEMENT, LLC. PRO-FORMA RETURNS ON PERFORMANCE AFTER DECEMBER 2016 ARE DERIVED FROM A PROPRIETARY ACCOUNT AND CALCULATED TO REFLECT 2/20 FEES AT A $100,000.00 NOMINAL ACCOUNT SIZE.  ALL RETURNS HAVE BEEN CALCULATED BY NAV CONSULTING, INC.