A new way of investing in innovation... VARIABLE PITCH PARTNERS LLP ‘Growth and Liquidity in Innovation’ Briefing March 2013The Variable Pitch Innovation Fund is registered as the Variable Pitch (Guernsey) LP in Guernsey under GFSC reference number 2023493. The Fund is managed by Variable Pitch (Guernsey) General Partner Limited (Company No: 54110) and administered by Confiánce Fund Services Limited (Guernsey). Variable Pitch Partners LLP is registered at Finsgate, 5-7 Cranwood Street, London EC1V 9EE, United Kingdom (Company Registration Number: OC362230) and is an Appointed Representative of Larpent Newton & Co Limited, which is authorised and regulated by the Financial Services Authority (FSA Firm Reference Number: 552912).
• Thisprivate and confidential Presentation (the “Presentation”) is important and requires your immediate attention. If you are in any doubt about the action you shouldnow take you should consult an independent financial adviser or other person authorised under the Financial Services and Markets Act 2000 (“FSMA”) who specialisesin advising on the acquisition or disposal of shares and other securities.• This Presentation has been prepared for information purposes relating to potential investments in the Companies referred to within the Presentation [the“Companies”)] only (the “Purpose”) and is confidential to and for the exclusive use of the recipient. If you no longer wish to pursue your interest in the Purpose you arerequired to return this Presentation forthwith to Variable Pitch Partners LLP (the “Adviser”) together with any other materials requested. The issue of this Presentationand its contents, or any part or parts thereof, shall not constitute an offer to subscribe for an investment or any other Purpose. Neither this Presentation nor anythingcontained in it shall form the basis of any contract or commitment whatsoever.• This Presentation does not purport to be all-inclusive or to contain all the information that a prospective investor may desire in deciding whether or not to make aninvestment and is subject to updating, revision and amendment. Any projection, estimate or statement as to future performance contained in this Presentation containsignificant assumptions and subjective judgements by such persons concerning anticipated results and may or may not prove to be correct and there can be noassurance that any predicted results are attainable or will be realised.• This Presentation has been prepared by the Adviser based on information and opinions supplied by the directors of the Companies and the information containedherein has not been the subject of independent verification or financial audit. No undertaking, Presentation, warranty or other assurance, express or implied, is given ormade by or on behalf of the Companies or the Adviser or any of their respective partners, directors, officers, employees, advisers or other persons (each a “RelevantPerson”) as to the accuracy, fairness or sufficiency of information, opinions or beliefs contained in this Presentation. Save in the case of fraud, no liability is acceptedfor any loss, cost or damage suffered or incurred as a result of the use of or reliance upon any such information or opinions which is attributable to any errors,inaccuracies, omissions, mis-statements (whether negligent or otherwise) contained in this Presentation. In particular, but without limitation, no representation orwarranty is given as to the accuracy or reasonableness of any opinions, beliefs, projections, forecasts, management targets, prospects or returns and nothing in thisPresentation is, or should be relied upon as, a promise or representation as to the future. All such liability (including, without limitation, liability for indirect, economic orconsequential loss) is hereby excluded to the fullest extent permissible by law. Nothing is intended hereby to limit the liability of the Companies, the Adviser or anyother Relevant Persons in the case of fraud. Recipients of this Presentation should conduct their own investigation, evaluation and analysis of the business, data andproperty described in this Presentation. The Adviser shall not be under any obligation to provide the recipient of this document with any additional information or toupdate this Presentation or any additional information provided or to correct any inaccuracies in this Presentation or any additional information provided which maybecome apparent.• This Presentation is being provided to recipients on the basis that they keep confidential any information contained within it or otherwise made available, whetherorally or in writing, in connection with the Companies or the Purpose described in this Presentation. This Presentation is confidential and must not be copied,reproduced, distributed or passed to others (in whole or in part) at any time without the prior written consent of the Companies or the Adviser on behalf of theCompanies. The Adviser is acting solely for the Companies in relation to the transaction described in this Presentation and accordingly will not be responsible to anyother person for providing any protections afforded to the Companies or otherwise to customers or clients of the Adviser or for advising any other person in relation tothe transaction described in this Presentation. No recipient of this Presentation shall be treated as, or shall be deemed to be, a customer or client of the Adviser or anyother Relevant Person.• The investments or investment activities or other Purpose to which this Presentation relates are only available to investment professionals. If you do not haveprofessional experience in matters relating to investments you should not take any action upon receiving this Presentation, but should return it immediately to theAdviser. Reliance on this Presentation for the purpose of engaging in any investment activity may expose you to a significant risk of losing all the property invested. Ifyou are in any doubt about the investment or Purpose to which this Presentation relates you should consult a person authorised by the Financial Services Authoritywho specialises in advising on investments of the kind to which this Presentation relates.• Variable Pitch Partners LLP, which is an Authorised Representative of Larpent Newton & Co Limited which is authorised and regulated by the Financial ServicesAuthority, is acting as financial adviser to the Companies and will not regard any other person (whether or not a recipient of this document) as a customer in relation toany resulting transaction and will not be responsible to anyone other than the Company for providing the protections afforded to customers of the Adviser nor forproviding advice to any such persons. Any prospective investor is recommended to obtain their own independent professional and financial advice.
The Perfect Way…Liquidity in Innovation Growth for Innovation Community Based Transactional Networks Expert Human Capital Opportunity (Hedged, Networked Right Products and Execution Markets Focus and Contingent) Finance Revenue Growth Financial Capital (Hedged, Follows Human ‘Capital’ with ‘Just in Time’ efficiency)
Variable Pitch Business Model Innovation Fund (Guernsey) Corporate Advisory and Finance Aggressive Revenue Innovation Exchange Creation and Growth Listing or Trade SaleInnovative Company (at or nearfirst revenues) Outsourced Sales and Marketing Expert Community £<4m Valuation £>15m Valuation 0 Months Approx 3 Years
Want to know more?Contacts: Antony Abell Managing Partner Variable Pitch Partners LLP Telephone: +44-(0)20-3178-5338 E-mail: AntonyAbell@Variable-Pitch.com Nigel Tobin Partner Variable Pitch Partners LLP Telephone: +44-(0)20-3178-5338 E-mail: NigelTobin@Variable-Pitch.com The Variable Pitch Innovation Fund is registered as the Variable Pitch (Guernsey) LP in Guernsey under GFSC reference number 2023493. The Fund ismanaged by Variable Pitch (Guernsey) General Partner Limited (Company No: 54110) and administered by Mercator Fund Services Limited (Guernsey). Variable Pitch Partners LLP is registered at Finsgate, 5-7 Cranwood Street, London EC1V 9EE, United Kingdom (Company Registration Number:OC362230) and is an Appointed Representative of Larpent Newton & Co Limited, which is authorised and regulated by the Financial Services Authority (FSA Firm Reference Number: 552912).