August 2015

Future Matters Capital LP

Investments with positive impact on the future

Future Matters Capital LP

2 2

Future Matters Capital LP (the “Fund”) is an early-stage venture capital fund focused on startups in the clean tech and digital technology industries with potential for a multiple increase in value and market leadership

The Fund favors projects that aim to deliver a positive social and environmental impact

The UK and Europe represent the primary geographical focus of the Fund

We are looking for companies with ambitions to become competitive on a global scale and targeting international markets. We believe that this approach maximizes both the impact and the financial return

The Fund’s investment horizon is up to five years

3

Fund’s principals

Vitaly Lazorin

Dmitry Rembovsky

CEO, Managing Partner

Managing Director

Mr. Lazorin is a principal of the Fund and Board member of five Future matters portfolio companies. He has 15 years of experience of early-stage investments and the provision of value-added services for startups in Russia, Vietnam, Switzerland and the UK.

Mr. Lazorin began his professional career in 1992 as an Audit Assistant at Price Waterhouse (now PricewaterhouseCoopers). He worked as the Financial Controller of the Lower Volga EBRD-sponsored regional venture fund, and then as Investment Associate at The Carlyle Group.

Mr. Lazorin holds a degree in International Economics Relations from the Moscow State Institute of International Relations (MGIMO). He is a Chartered Certified Accountant.

Mr. Rembovsky is a principal of the Fund. He joined the Future matters team in 2012 and brings 15 years of advisory, transaction and operational experience. Mr. Rembovsky is actively involved with the Boards of Directors of Future matters portfolio companies.

Before joining the firm, Mr. Rembovsky was a Director at PricewaterhouseCoopers Transaction Services practice in Moscow serving large corporates and investment funds, and worked as Strategy Director of the START retail group.

Mr. Rembovsky holds a degree in Economics from Higher School of Economics - National Research University and a degree in Cybernetics from National Research Nuclear University MEPhI (Moscow Engineering Physics Institute). He is a Chartered Certified Accountant.

4

Established by a seasoned team of venture capital and investment professionals, Future matters is dedicated to funding meaningful innovations in the areas that matter

We are driven by the goal of adding value and creating successful and sustainable businesses to make a positive impact in people’s lives and our environment

What matters to us

5

Venture Capital

Technology companies and venture capital (VC) share a long history: experienced sources of finance are vital to bringing hi-tech businesses to maturity. VC brings capital, plus operational and industry experience in growth companies. In this way it acts as a bridge between investors seeking high capital growth and innovative companies with high growth potential.

Source: “VC Evolved” research by BVCA, October 2014.

Impact investing

Impact investing has moved into the mainstream, intentionally seeking to generate both financial returns and positive social impact and demonstrating high growth: from $4.3 billion in 2011 to $10.6 billion in 2014, and is expected to increase to $1,000 billion by 2020; about 80% of PE/VC funds seeking “market” returns on impact investments.

Sources: Status of the Social Impact Investing Market by Dr M. Martin, 2013; “Eyes on the Horizon” survey by J.P. Morgan, 2015.

Clean/green technologies

Clean tech serves large, rapidly-growing multi-billion dollar markets and is supported by government and society, simultaneously providing a basis for a sustainable economy: in 2025 the global clean tech market is forecast to increase to $5,385 billion from $2,536 billion in 2013.

Source: Environmental Technology Atlas for Germany.

Our strategic focus

Venture Capital

Clean/ green tech

Impact investing

6

We have a solid track record of fostering high-tech startups dating back to 2004 when Vitaly Lazorin, CEO of Future matters, founded Novstream, a technology commercialization advisory firm.

Novstream was one of the first Russian members of the European Venture Capital Association and was appointed by the Russian Venture Company to provide advice on how to implement international VC industry transparency and reporting best practices and standards.

We have a successful history of partnering with reputable angel investors and have been entrusted with the structuring and management of joint investments, such as the following:

2009 The first $1 million investment biotech startup - immunoassay diagnostics Moscow, Russia

2009-2015 Aggregate investments of $65 million 11 technology startups Internet, waste management, new materials, microwave engineering Russia, South-East Asia, Europe, the USA

Today the Future matters team consists of 5 investment professionals and 3 operating team members, and is supported by a reputable Expert and Advisory Board with extensive international experience.

About us

7

Raised and structured $65 million in investments in 11 high-tech startups, contributing $5.3 million from our own funds and also sweat equity

Follow-on investments from initial investors - $38.1 million

Cross-border investment transactions - $33.2 million

Second rounds from new investors - $8.5 million

Operational break-even achieved in 50% of the companies in our active portfolio and 80% of the companies generate more than $1 million in annual sales

Structured and managed investments in countries with different regulatory and economic environments e.g. Switzerland, the USA, Vietnam and Russia

Investment track record matters

8

#1 Russian web service for hiring care personnel www.pomogatel.ru

Top 2 browser and search engine in Vietnam www.coccoc.com

World leading enterprise open core network backup and restore software company www.baculasystems.com

We are proud to be associated through our investment activity with companies that are the respective leaders in their market segments.

Investment track record matters

9

Investment team

Experts and Advisors

Vitaly Lazorin, CEO, Managing Partner

Dmitry Rembovsky, Managing Director

Alexander Lavrov, Associate

Joseph Tesfaye, Analyst

Natalia Kapinos, Legal Counsel

Team matters

Steven Fawkes, Sustainable Energy

Anatoly Pipko, Engineering, Industrial IP

Anna Kamenskaya, Marketing Strategy

Jacqueline O'Mahony, Business Development

10

Dmitry Dobryak, Project CFO

Alexander Shulzhenko, Entrepreneur in residence

Team matters Operating team

Valery Choumachenko, Entrepreneur in residence

11

Sectors: renewable energy and energy storage, resource, materials and energy efficiency, waste management up to 30% of the Fund can be invested in exceptional

proprietary deals in other sectors, including sustainable mobility, big data, Internet

Geography: primarily the UK and other EU states up to 30% of the Fund can be invested in exceptional

proprietary deals in other regions

Company stage: early stage (first sales), A and B rounds, seed rounds with experienced lead investors

Investment transaction: leading angel rounds, co-investing with corporates and venture capital funds, teaming up with operating partners

equity and quasi-equity convertible instruments

Portfolio management: active involvement in increasing the portfolio value at the investee level

Investment strategy matters

12

Investment amount: $300,000/€300,000/£200,000 – average initial amount, follow-up investment reserve – up to three times the initial investment

Pre-money valuation: up to $5 million

Shareholding: meaningful minority, representation on the Board, approval of major corporate actions

Target liquidity: three to five years after the initial investment

Business essentials: entrepreneur-led core team, passed proof of concept stage, potential for international expansion

Deal criteria matters

13

Active role in raising growth capital for portfolio companies

Constant work with founders and management on milestone plans, commercialization strategies, HR issues and strategic operational initiatives

Development of the terms and conditions of long-term management incentive plans

Hands-on assistance to management in financial, structuring and compliance issues

Multiple experience of setting up investor reporting and financial control functions for investee companies at request from investors and founders

Responsibility for setting up and managing the international holding structures

Hands-on involvement matters

Portfolio matters

In June 2015 Future matters invested £132,000 in Powervault, the UK’s first plug and play domestic energy storage device, which stores free renewable energy or off-peak energy and then releases the stored energy at the peak of household demand

Powervault's aim is to become the UK's leading manufacturer of cost-effective distributed energy storage solutions to domestic homes and SMEs, lowering the electricity bills of consumers while reducing peak grid demand

In October 2014 Future matters invested $120,000 in SBRO, a developer of proprietary on-line security technologies which protects users from on-line threats

SBRO offers extension-based on-line security technologies in Vietnam and has set itself the goal of becoming one of the leading on-line security companies in South East Asia

14

SBRO Safe Browsing

15

Preliminary Review

Investment Decision

Due Diligence

Deal Closing

Portfolio Company

Monitoring

Proposal Phase

Preliminary Review

Non-Disclosure Agreement Technical Assessments Business Plan Evaluation Interviews with Management Exit Scenarios

Investment Decision

Due Diligence

Deal Closing

Portfolio Company Monitoring

Proposal Phase

Investment process matters

Business Due Diligence Technical Feasibility Study Founder/Shareholder Relationships Commercial Terms

Letter of Intent/ Term Sheet Investment Memo Investment Approval Process

Use of Advisors Management Background Checks Financial/Compliance Due Diligence Legal and IP Due Diligence

Shareholder Agreement Subscription Agreement Legal and Tax Structuring Long-Term Incentive Plan Final Investment Approval

Management Reports Board of Directors/ Committees Budgets/Operating Plans Advisory Committee Exit Alternatives

Dmitry Rembovsky, Director dmitry.rembovsky@futurematters.capital Skype: d.rembovsky +7 (903) 961-20-11

Vitaly Lazorin, CEO vitaly.lazorin@futurematters.capital Skype: lazorinv +44 (0) 77 0724 1229

Sustainable Bridges, 29 Shand Street, London SE1 2ES

Legal notice: this presentation is for information purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any shares in Future Matters Capital LP. © 2015 Future Matters GP Ltd. All rights reserved.