770 Claughton Island Dr, PH-31,Miami, Florida, 33131, USA,

305-915-33071

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Leverage/Gearing

Universe

GDFX-MultiStrat Investment 2003-2008 Overview

Low Vol Returns

Account Liquidity

EDGE: Signals & Risk Control

Fees

Cash foreign exchange (FX/FOREX) across 20-40+ liquid global currencies Manage Account in Client's name, or Fund structure at major brokerage firms Unique Multi-strategy adaptive models with linear and non-linear forecast overlay

Expected acceptable volatility range : 3-15% (low volatility) Actual max drawdown since 2006 enhancement: 3.22% (2003-2006=14%) Maximum drawdown cutoff : 20%, If this occurs, trading stops on market close

with all positions closed at the market price. Clients may continue at their option.

Targeted returns range: 12%-25% 2% Management Fee; 20% Profit Incentive fee, payable monthly with High Watermark so that Incentive fees are only earned on new net profits

Maximum Leverage Ratio 10:1 (allowed but rare), Average Leverage < 3:1 Maximum Leverage Per Position 1:1, Typical Leverage 0.3:1 to 0.5:1 Net Margin Exposure limit ≤ [20]% of Fund or Account NAV

Unique trade setups and price targets combine to allow stops to be moved to break-even very quickly compared to most peers. Maximum stop loss risk per trade = 2%, Typical risk per trade 0.3% to 1% The annualized volatility cannot exceed [20]% for a [60] day rolling window. If it

does, the [60] day average Leverage Ratio will be reduced by 20% or more, and set as the maximum Leverage Ratio for the next [30] days.

End of month, within [3] day’s notice . Exceptions for emergencies.

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Aggregate Results All MCM GDFX ProgramsSince Inception, July 2003 thru 2008, a 5.2 record.

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Aggregate Results All FX ProgramsSince Inception, July 2003 thru 2008, a 5.2/yr record.

Fund = All MCM accounts or funds, BM 1: GP S&P 500 BM2: HFRX Equity Hedge Index

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Low Volatility GDFX Program Inception August 2006 - 2008

Aug 06 thru Sept 08

Average Monthly Return 1.03%

Maximum Drawdown 3.22%

Monthly Standard Deviation 1.99%

Sharpe Ratio 1.75

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Mansfield Capital Performance

Monthly Performance History Since Inception 2003Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year

2009 0.00% 0.00% 0.00% 0.00%

2008 1.79% 1.99% -1.65% 2.53% 1.34% 1.24% -0.80% -0.20% -0.35% 0.00% 0.00% 0.00% 5.96%

2007 0.85% 3.91% 3.85% -0.25% -2.63% 0.35% 2.37% 0.16% -1.32% 1.32% 4.56% 4.09% 18.35%

2006 -1.18% 0.12% -3.85% 0.99% -2.98% -3.20% 4.94% -0.90% -2.32% 2.30% 2.75% 0.79% -2.90%

2005 5.37% 1.51% 3.83% 1.79% 2.12% -2.96% 2.01% 3.43% 0.43% -2.19% -0.52% 4.26% 20.42%

2004 4.09% -0.04% 10.12% 7.98% -5.36% -4.31% 0.63% -4.13% 1.60% -1.63% -1.63% 14.44% 21.62%

2003 11.65% 5.52% -3.10% 2.11% 3.19% -4.08% 15.38%

Performance 08/06 - 09/08, a notionally funded managed account from a fund, traded at PFG as a $5 million nominal account. Additional $25million acct added 06-2008. Allocator’s hedge fund lost global credit lines on 09/26/08 and had to close their US accounts. Account Login available for verification.

Performance from 7/04 - 07/06 is for the Spectrum Galaxy MV Global Currency Fund (managed for Magnum Funds, Audited by BDO MANN JUDD)

Performance prior to 6/04 is for managed accounts with the same strategy.

Registration due diligence: Manager NFA registered (1981-2001) no complaints; NFA #20054, www.NFA.futures.org. Audits, prior and current account and fund logins available for your immediate due diligence.

Gap in performance from October 2008 to September 2009 was result of institutional allocator losing credit lines and closing allocations to US traders on September 26, 2008, which, was supposed to be only temporary. They eventually went out of business. Mansfield chose to take a sabbatical with special training at the University of Miami by famous attorney & mediator Melvin Rubin of Mediation Services Inc, to be a Florida Supreme Court Certified Mediator.

PAST PERFORMANCE IS NOT A GUA RANTEE OF FUTURE RESULTS. FOREX TRADING CAN BE RISKY AND IS THEREFORE NOT APPROPRIATE FOR ALL INVESTORS. DATA REFLECTS VARIOUS FEE STRUCTURES & CLEARING COSTS SINCE INCEPTION.

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What is our Edge? Trend-predicting trading system adapts & responds to markets like a highly experienced human trader: Core

trading strategies are enhanced by quantitative methods and predictive models that navigate short and medium-term trading opportunities.

Predictive technology & accuracy enhancements: A cycle based predictive overlay is employed which quite accurately forecasts trends and changes-in-trend 5-50 bars (market days) into the future. This improvement was implemented Nov 28, 2004, and has greatly enhanced entry filtering and profit targets. RESULTS: peak volatility was reduced by 70% for 2005, in a similar market environment to 2004. In November 2006, several new signals we implemented along with a new order management strategy. RESULTS: reduced maximum draw down to 3.22% over the past two years of trading.

Multi-strategy system increases market opportunities while reducing risk: Four powerful trading strategies within one investment program: Swing, Trend & Trend-Exhaustion strategies, and Range Bound strategies. (Most systematic traders simply optimize numerous traditional indicators within in a single trading strategy.)

Highly responsive in virtually any market environment: System often generates entry orders 1 to 3 price bars (daily & 240 minute data) after major & intermediate tops or bottoms due to the directional accuracy of the predictive algorithm and the responsive strategy triggers, thus reducing response time to changes in market direction as well as stop loss amount—initial risk—on each trade, thereby typically increasing risk adjusted performance.

Accurate profit targets define profit potential before each trade: Each entry order has at least one corresponding predetermined yet adaptable profit target. 

Portfolio of 20-40 markets is organized into 4 to 8 geo-political sectors enhance diversification for increased account safety:

Signal ranking provides best choice among similar markets: Proprietary selection process used when there are competing entry signals within each sector and between correlated markets (used with some discretion).

Risk controls: Stops are moved to breakeven very quickly. Then, “Best Available Stop Strategy” utilizes multiple stage trailing stop algorithms to reduce risk and enhance profits by switching algorithms based on time in a trade and market price in relation to its profit targets and other factors.

Robust system: The system's self-adapting core model uses the same fixed parameter rules and proprietary indicators across all markets and currency pairs. System was originally cross tested on commodities, stocks, and financial futures with similar with success.

Highly experienced management: Principal has 20+ years of trading and market experience; 3 well known consultants work with MCM

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GDFX Portfolio: 20-40+ Currencies

European (EUR/USD,GBP/USD,EUR/CHF,EUR/GBP,GBP/CHF,USD/CHF) European (additional markets pending) Canadian (USD/CAD,EUR/CAD, GBP/CAD, AUD/CAD,NZD/CAD) Japan (USD/JPY,EUR/JPY, GBP/JPY, CHF/JPY,CAD/JPY,AUD/JPY,NZD/JPY) Asia (USD/SGD) (China, once un-pegged to the USD) Australia region (AUD/USD,EUR/AUD, GBP/AUD,AUD/CHF,NZD/USD,NZD/EUR) Africa (USD/ZAR-South African Rand-pending) South America (USD/BRL—Brazilian Real-pending) Gold (cash gold is available at some clearing firms (FCMs)—as a hard currency)

Trades are selected from 20-40+ global cash Forex currencies from six or more foreign trade regions or Geo-political Sectors. Each country or region offers unique currency pairs determined by their dominant merchandise trading partners. The portfolio is currently made up of the following:

When multiple entry signals are generated on a given day, at least one market from each “geo-sector” would be a potential candidate for trade selection that day. Trade candidates are typically currencies with the highest profit-target to initial risk ratios, and/or they have a relatively high statistical probability of generating a profitable trade when compared to competing signals within the same or correlated sectors. The best performing currencies historically tend to receive more new trades.

This proprietary selection technique is one of the creative hallmarks that we use in an attempt to increase the portfolio’s return possibilities while concurrently trying to reduce draw-downs that are intrinsic to any free market investment.

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Trend-Predicting Forex SystemsMuti-Strat is a non-traditional, multi-strategy program using linear and non-linear forecasts to assist core technical signals similar to those used by a highly experienced human trader, NOT some random computer optimization. Thus, Multi-Strat is quite adaptive across all markets. Based on technical analysis of the markets, it analyzes 20-40+ currencies from 6 or more geo-sectors to determine if a relatively high confidence trend is beginning, currently underway & likely to continue or, likely about to reverse. On Nov. 28th, 2004, the firm implemented the cycle based “predictive overlay” which reduced peak volatility by 70% in 2005. In October 2006, several new trading signals were added along with a new unique order management process which helped reduced maximum drawdown to 3.22% over the past two years of trading.

When a trade setup entry signal is generated, various cycles and price-volume statistics are examined to determine if the signal is compatible with the dominate trend, cycle projections, price/volume force and range of movement forecasts.

Short-Term Swing Trades (pullbacks within a trend): Multi-Strat screens for qualified pullbacks / retracements within the trend to buy or sell into, but only after the market starts back in the direction of the calculated trend. Thus, pullback entries still require a small breakout.

Medium-Trend Breakouts (without a qualified setback): Multi-Strat screens for significant support or resistant patterns to breakout from, and usually in the direction of the dominant cycle projected trend unless also a Trend Exhaustion trade setup (below).

Exhaustion Trades (counter-trend trades): Occur at certain times when a trend’s momentum has slowed, as shown by our Price-Volume-Ranking or Cycle-Projected-Trend. Meaning: tradable change-in-trend (CIT) is probable.

Bottom line: The model’s dynamic formulas adapt to recent price behavior. The predictive-overlay attempts to predict the likely future path of a market and its expected range of movement, along with other formulas, to help determine the profit targets and to approve or disapprove of trades. Combining these components and a dose of extensive human experience creates our superior reward to risk ratios and raw performance in various market conditions.

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Stringent Risk Management

1. Initial protective stop loss—Mitigates each trade’s initial risk exposure, if signal is wrong2. Breakeven stop--Moves initial stop loss to entry price very quickly, relative to our peers 3. Trailing stops – 3 separate algorithms reduce initial trade exposure, then lock in profits4. Profit target —Helps capitalize on rapid price movement that might not otherwise be

realized, because markets can quickly return to previous levels. Example: Off target economic reports, unexpected political events and disasters.

5. Stop and reverse — Exit a market position and simultaneously enter a new position in the opposite direction.

Each currency is systematically “micro managed” using dynamic risk controls that generate initial protective stops, breakeven & trailing stops and profit targets, all

known before entry, contingent upon entry. They are self-adjusting based on volatility, volume and/or cycle characteristics.

EXIT MANAGEMENT is a highly important function and occurs in one of five ways:

HOW THIS WORKS: Initial protective stops helps control initial trade risk & allows us to calculate total theoretical portfolio risk (VaR). If a trade moves in the anticipated direction by a specific mathematical ratio, a breakeven stop kicks in to reduce trade risk to zero (plus any slippage). If movement continues, a trailing stop order is generated that takes over from the breakeven stop and follows the price action to lock in profits. Further movement may reach one of several profit targets. Conversely, if a market does not move in the anticipated direction, the position will be stopped out with a loss, as a normal part of doing business. Finally, at certain times a stop loss or trailing stop is placed simultaneously as a new entry order in the opposite direction. In this case, the protective stop would also be called a “stop and reverse” entry.

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Additional Risk Management Controls Money management— the Optimal Contract System:

The Optimal Contract System (OTS) is a three tiered money management overlay that makes recommendations to add to or reduce trading position size based on equity growth (or decreases), market volatility and system performance in order to increase growth opportunities or reduce market risk exposure. OTS is used with discretion as we tend to lean on the conservative side in the application of the various money management suggestions provided by OTS.

Leverage—Margin deposit usage - Margin to Equity Ratio: The percentage of the fund that will be allocated toward margin deposits for trading purposes is typically between 5% to 20% of total account value (20% = maximum margin deposits). That means that typically between 80% to 95% of the Fund’s total value is typically held in cash or cash equivalent reserves.

Raw leverage will typically range from less than 1:1 to usually 2 to 3:1, but no more than 10:1, a level rarely used but reserved if markets ever warranted it.

Average Trade Risk:The average risk per trade / per market, for fully funded accounts, is typically between 0.5% to 2% of account value. Winning trades typically last 2 to 12 days, but one trade lasted 45 days. Winning trades are structured to last longer and make more money per trade than losing trades, yet there are no guarantees this will always be the case.

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Why Invest in Foreign Exchange?

The account or fund gives individual investors access to a market that has been dominated by multinational banks and corporations for decades. This is a market that many of the world’s largest banks, money managers and traders consider to be one of the finest markets available for trading and money management opportunities. Why? The Forex market is the direct pathway to capitalize on countries or regions perceived

strengths or weaknesses as well as interest rate differentials.

Currencies are also known for maintaining strong trend characteristics in both up and down markets, through wars, inflation and recessions.

Forex offers the ability to leverage one’s assets. Unlike most stocks traded on U.S. exchanges that require an up-tick in price in order to sell short, Forex trading rules make selling short as easy as buying.

There are virtually no price gaps with the exception of weekends, as Forex is traded 24 hours per day, generally from Sundays at 5:00 pm Eastern time until Friday at 5:00 pm Eastern time.

Due to Forex's unparalleled liquidity, trade execution slippage tends to be less of an issue for large traders when compared to most other markets.

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Experienced Management Team

Low-Volatility: August 2006 to October 1, 2008. Results: MAX drawdown was only 3.22%, Sharpe Ratio 1.75%, profit >26%. Total allocation $35 million. 2003-2006 = double returns but 14% DD.

#1-ranked manager among 1116 managers by EurekaHedge for April 2004 for the Global Diversified FX XL Portfolio (MVCM).

Top-ranked Commodity Trading Advisor (CTA) in Futures Magazine for March 2000, #4 in April 2000 and November 2000--10th overall, 2nd since inception, under Abalo Mansfield & Co, CTA/CPO.

World Trading Group, Coconut Grove, Florida - Managing Partner and Co-owner - Office proprietary account netted approximately 500% return in 2 years based on NFA / CFTC (National Futures Association / Commodities Futures Trading Commission) rules assuming compounding (275% cash on cash return). World Trading Group - Top trader from 1989 to 1990.

Portfolio Manager: Michael G. Mansfield, CHT, CIO Mike Mansfield is a highly experienced trader and "Master Market Technician" with a broad educational background. A forex money manager for the Global Diversified FX Portfolio (GDFX Multi-Strat), Mansfield has been in the investment and trading industry since the 1980's and has both discretionary and systematic trading experience with stocks, options, futures and FOREX. His experience trading began with options during college then as a broker and intensified as a proprietary trader at his own firm in 1988. This eventually led to top ranking as a systematic Commodity Trading Advisor (CTA) in 2000. His former CTA firm, Abalo Mansfield & CO (A&M), was listed in Futures Magazine three times during the year 2000, as one of the top performing Commodity Trading Advisors. He went on to win multiple top tier rankings for risk-adjusted returns as an FX trader. In addition to his extensive trading knowledge, Mike has experience in brokerage management, investment banking, and as a consultant and trading trainer to other money managers, banks and trading firms. He has written articles in trade publications and has been a repeat guest on a nationally syndicated financial market radio shows.

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Consultant: Dan Alvarez (Miami, Florida)Dan Alvarez has number of market related businesses including ForexTradingUSA and DayTradingTudor. Dan is an electrical engineer, but after working in telecommunications, he gravitated to becoming a stock broker, then trader, then FX business entrepreneur. Dan is a trading author and adjunct professor at local universities and colleges, which he loves, as well as a competitive and award winning athlete. His brokerage firms have been ranked as one of the top Introducing Broker (IB) for various FCMs, and he has raised significant funds for Mansfield Capital over the years.

Consultant: David Waring (Miami, Florida)David Waring, is a former Managing Director at FXCM, and was one of FXCM's first few employees.

David oversaw the launch of the FXCM's Managed Account program and its systems trading desk. David is currently involved in a number of market related business, including founding InformedTrades.com and Informed Funds (FXCM’s former retail managed account program..

Consultant: Frank M Barron (Denver, Colorado) Frank Barron, has managed assets for high net worth and institutional for fifteen (15) years. He commenced his financial services career as an intern for United Bank of Denver, analyzing small cap equities and municipal bonds from 1991-1992. He then spent the next seven (7) years as a Portfolio Manager for Wells Fargo Private Client Services (Denver) where he managed in excess of $200 million of client assets. He was also responsible for municipal bond trading and analyzing companies in the financial services sector. After leaving Wells Fargo, he was employed as a Financial Consultant for Merrill Lynch (Denver). He assisted a team of financial consultants with the management of $250 million in client assets. From 2002 to 2003, Mr. Barron was the Senior Vice President of Institutional Accounts for ETS Capital Management (Denver). While at ETS, he was responsible for marketing the firm’s internal hedge funds to institutional investors and conducting due diligence on external hedge fund managers. In 2003, Mr. Barron founded FM Barron & Associates, LLC, a Colorado Registered Investment Advisor, and continues to manage the Advisor’s affairs and activities. FM Barron & Associates focuses on advising accredited investors in the area of alternative investments.

Experienced Management Team

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MANSFIELD’S FORECASTS (charts below)There is a saying: You are either a trader or an analyst. Mansfield has proven high level expertise in both areas, often mapping out time, price and wave structure years into the future.

• March 16, 2009, Mansfield Mapped out the explosive SP500 rally, in terms of time, price and wave structure, then next crash (see charts below). As of 11/09/09, the market is at Schiff Median line resistance again. Could very well stop here (with bottom in USD, but there remains one higher target (see charts below).

• November 2007, during a live recorded speech in Minnesota, stating that US stocks had likely topped and would crash, ultimately taking stocks down at least 50% to 70% and perhaps as low as 90% down, like the 1933 low in the Dow. Cycle turning points are expected in 2011-4, 2016, 2023.

• In 2004 when Crude Oil was $37bl, and again in August 2005, at $58bl, he publish that Crude Oil would trade at $90-$100 or higher and showed future wave structure.

• In 2005, webinars and many speeches, stated that global real estate would crash and then the world would experience a global depression (still on its way).

•In August 2004, he published the US Dollar Market MAP forecast 4 years into the future showing an expected low in early 2005, then an anticipated Wave 2 rally, then the USD's expected Wave 3 low in 2008. Right on the money.

• In July 2003, published on Internet and in many speeches, showed, how gold, then around $375/oz, would top between $750-1400/oz or higher, have intermediate top in 2008-2009, then major top in 2012, when its 8 year high to high cycle top is due.

• In his 2001 Techonometrics Research Special Report, Mike called a large additional sell off in the NYSE on August 4, 2001, with a low in the latter part of 2002 (low was 10/10/2002).

• June 2002, called for long-term dollar weakness, further crash in US stocks, and major rally in gold, during a radio interview with Winning on Wall Street Radio Show.

• July 1982- Feb 1983, Noticing a 4 week up 3 week down cycle progression and perfect Elliott Wave structure developing, Mike was able to ride the 1982-83, 200% increase in silver then exit 99% of his brokerage clients at the exact 3-day triple top in February 1983. Three weeks later silver collapsed 30%.

MultiStrat system example on EUR/USD, with automated (pink) and manually drawn (red and green) forecasts, 2009-1015,

1:47AM EST. Calling for intermediate top around 1.5010 to 1.52, then likely sharp sell off to 1.42 or lower, if Andrews Median line

holds.

MultiStrat system on SP500, with automated (pink) and manually drawn (red and green) forecasts, 2009-0831. At that time, sys was long SP at potential resistance, but auto-forecast was higher. Now, 2009-1015. the SP500 is at CYAN Schiff Line target; weekly auto-forecasts says lower, daily says a bit higher, possibly Median

Line (but cyan Schiff Line may hold), then sharp sell off. MCM

DOW forecast, 2009-0328. Mike Mansfield called the big move up and also drew out the time and price wave for top then next crash.

SP500 forecast, 2009-0316, 2:06AM EST. Mike Mansfield called the big move up and also drew out the time, price, and wave

structure, 7 months in advance (fully annotated charts available).

Crude Oil forecast, 2005-0810. Mansfield suggested a rally to $71-$72bl, then sell off to $60-$50bl (correct), then $100 or higher (correct). All

forecasts shown were made public during seminars and webinars. Many are recorded and available. MansfieldCapital@Gmail.com

GOLD forecast, 2005-0823. Mansfield suggested pullback then explosive rally in gold, likely having an intermediate high in 2008-09, then 8 year cycle top in 2012. All

forecasts shown were made public during seminars and webinars. Many are recorded and available. MansfieldCapital@Gmail.com

USD$, Elliott Wave and Andrews Line forecast, by Mike Mansfield, August 6th, 2004 thru 2008. Very accurate,

including forecasted Wave (1) low, Wave (2) top and (Wave (3) low, in 2008, four years in advance.

MansfieldCapital@Gmail.com

DJIA 2006-0208, showing automated cycle forecast capability, with some of my older indicators. 305-915-3307,

MansfieldCapital@Gmail.com,

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FACT: The majority of alternative investment returns are highly correlated due to their similar computer (optimization) derived trend following methods.

FACT: MCM’s multi-strategy approach was developed using the diverse yet specialized strategies of a highly experience, award-winning, human trader. SEE CHARTS AT THE END

MULTI-STRAT: Multi-strategy trend-predicting algorithms & patterns = Short-term swing trades, medium-term trend and trend-exhaustion (countertrend) trades.

ENTRIES, stop losses and profit targets exits have mechanical signals. Portfolio balancing & signal selection is applied with some discretion to further reduce volatility.

GDFX: Globally diversified FX portfolio of up to 20-40+ currencies, rationally structured into six or more geo-political currency sectors.

RESULTS: Has provided top tier ranking for risk-adjusted—low volatility--returns with little to no correlation to equity markets, CTA’s and hedge funds.

Mansfield Capital Management, MansfieldCapital@Gmail.com, 305-915-3307.

Long/Short Muti-Strategy Forex Systems + Oversight

*Returns include performance from managed accounts with same strategy.

GDFX MULTI-STRAT SUMMARY