Mark Antony Inc. traded in Bovespa shares in a Brazilian Stock Exchange through Henry Frank Brothers brokers and the details are as follows:

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Trade Details Date Product CCY Quantity Rate B/S Brokerage 15-Jan-X1 Bovespa-ADR US$ 9,000 32.00 B US$ 900 28-Jan-X1 Bovespa-ADR US$ 5,000 35.00 B US$ 525 5-Feb-X1 Bovespa-Local BRL 15.000 28.50 S BRL 1,280 Other Details One ADR converts to two local shares in BRL currency. Settlement: T+2. Conversion fees levied by broker to convert ADR shares into local shares for 7,500 ADRs amounts to $1,300. Functional currency is US$. Liquidation Methodology FIFO FX Rates Date FX Rate 11-Jan-X1 1.6505 13-Jan-X1 1.6525 25-Jan-X1 1.6484 27-Jan-X1 1.6444 31-Jan-X1 1.6311 5-Feb-X1 1.6255 7-Feb-X1 1.6201 28-Feb-X11.6150