Summary

Applied Capital Systems, LLC (“ACS” or “Advisor”) is a limited liability company organized on October 9, 2009 under the laws of the State of Nevada. ACS has been registered with the Commodity Futures Trading Commission (“CFTC”) as a Commodity Trading Advisor (“CTA”) since November 23, 2009, and has been a member of the National Futures Association (“NFA”) since that date. The Principals of ACS are Gregory Callegari, Christopher Stephan and Antony Drew. Mr. Callegari and Mr. Drew are the Advisor’s Trading Principals. The Advisor is offering Clients an opportunity to participate in a managed futures program which seek capital appreciation of Clients’ assets through speculative trading in commodity futures. There is no representation being made that these programs will be successful in achieving this goal.