SIXTH SENSE INDIA OPPORTUNITIES – I (A scheme of Sixth Sense)

India„s First Domestic Consumer Centric Venture Fund! Managed by Sixth Sense Ventures Advisors LLP

Please note this is a draft copy and is subject to revision based on certain regulatory approvals

Disclaimer

This report contained herein is for information purposes only and should not be construed as providing any investment, legal or taxation advice. Any past performance inferred in this material is not a guarantee of future results. It is not intended as an offer or solicitation for the purchase and sale of any financial instrument. Any action that you may take on the basis of the information contained herein is your responsibility; and Sixth Sense Ventures Advisors LLP will not be liable in any manner for the consequences of any such action. We have exercised due diligence in checking the correctness and authenticity of the information contained herein some of which may be forecasts and/or forward looking statements, but do not represent that it is accurate or complete. Sixth Sense Ventures Advisors LLP shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this publication. Sixth Sense Ventures Advisors LLP may have interests or positions, financial or otherwise in the transactions mentioned in this report”. The Recipients of this report should rely on their own investigations.

INTRODUCTION TO SIXTH SENSE VENTURES

“Have the courage to follow your heart and intuition. They somehow know what you truly want to become!”

- Steve Jobs

Our Vision - Invest in the Consumer of Tomorrow…TODAY !!!

Create an organization that gets recognized as the de-facto medium for investments (angel/venture/private/listed) in consumer centric businesses in India

Become the preferred partner for Indian entrepreneurs

Fast track growth in investee companies by leveraging our ecosystem

We believe the next big wave of dysfunctional growth will be led by entrepreneurs driven by completely different skill sets /capabilities and not necessarily capital!

Who Are We?

Founder & CEO - Nikhil Vora 14 live investments…over 5yrs…Multiplier returns! Strong experienced team with 70yrs+ of

combined experience in investing/operations

Ability to consistently identify emerging trends and successfully invest in new age businesses

Centre of Excellence: Best in class industry stalwarts as mentors across verticals

Our Legacy

Our Interest Area

Why Sixth Sense is the preferred partner for entrepreneurs?

What Do We Like?

Ideally 1st generation entrepreneurs Businesses with dysfunctional growth

potential

CONSUMER centric businesses: B2C businesses addressing consumer needs “more efficiently”!

Invest across the business lifecycle: Angel/

Venture/Growth/Listed

Our Legacy

Our Interest Area

Why Sixth Sense is the preferred partner for entrepreneurs?

Our USP

Demonstrated ability to Create Value

Fast Track Growth by leveraging our ecosystem

Partners contributing ~ Rs30cr to Fund-1

S Raghunandan (CEO, Jyothy Labs) our Entrepreneur-in-Residence, to directly provide Strategic and Operational Guidance

Access to our Centre of Excellence for Strategic and

Operational inputs (each of the members will be available for our investee companies)

Our business accelerator program to provide in-house office space and mentoring to our investee companies

Our Legacy

Our Interest Area

Why Sixth Sense is the preferred partner for entrepreneurs?

What do we mean by “Consumer Centric”?

Catering to aspirational/premium consumers

Analyzing consumer behaviour

Catering to consumer lifestyle

Efficiently providing basic needs for consumers

Enabling “efficient” consumer reach

Consumer of tomorrow!

Services for rural India & Indian agri industry

Agri

Education/ Healthcare

Consumer Products

Analytics

Technology / E-commerce

Media & Entertainment

Why our bias towards “The Consumer”?

I can “SPEND” – INCOME effect

There are MORE like me – BROADBASED growth

I am “WILLING TO SPEND MORE” – MINDSET change

I know “WHERE TO SPEND” – AWARENESS levels

I have “OPTIONS TO SPEND” – AVAILABILITY

I “WANT MORE THAN I NEED” – ASPIRATION effect

India - Fastest growing consumption economy

Peer influence reflected in consumption choices

35% of Indians born in post liberalization

Increased media proliferation

Increased brand options in each of the

business segment

India moving up the value chain - Premiumization

IN D Indulgence Age

Nine mega-trends that drive consumers!

Changing Lifestyles Connectivity

Ethics Entertainment

Individuality Trust

Convergence

Health & Wellness

Value

OUR LEGACY

“The best way to predict the future is to create it.”

- Peter Drucker

Nikhil Vora : Founder & CEO

Nikhil Vora is the Founder and CEO of Sixth Sense Ventures Advisors LLP; India„s first Domestic Consumer

Centric Venture Fund. Nikhil was earlier the Managing Director & Head of Research at IDFC Securities, and has been regarded as one of the strongest analytical minds in the country. The core of Sixth Sense lies in the belief that the next big wave of dysfunctional growth will be led by players who are going to be driven by completely different skill sets / capabilities and not necessarily capital.

Nikhil has been invited by the “Nestle Global Consumer Board” and the “Regional CFO forum” to give a presentation on the potential roadmap for Nestle India. He has also evolved a strategic road-map for Hindustan Unilever, Aditya Birla Group, Marico, Godrej etc. In the Asia Money polls 2012, Nikhil was voted as India„s No.1 analyst. He also has the rare distinction of being voted Asia„s Best Analyst by the Wall Street Journal in the same year. Along with advising clients, he also has been a venture capital investor and has been amongst the first investors in companies like – BVG India, Bewakoof Brands, Infinite Analytics, Intellisys Technologies, Kangaroo Kids, Manash Lifestyle (www.purplle.com), Parag Milk (GoCheese), Rainmaker Legal (mylaw.in), RezNext Solutions, Rooms Tonight, Tarnea Technologies, Technology Frontiers, Vini Cosmetics (via PMS), One97 (PayTm).

A post-graduate in Management, Nikhil was a member participant at the Future Leaders Program at the Saïd Business School, University of Oxford, London. He was also bestowed with the ‘Thought Leadership„ award by IDFC Ltd.

S Raghunandan : Entrepreneur-in-Residence

Chief Executive Officer & Whole time Director at Jyothy Laboratories Limited

S. Raghunandan has a degree in Chemical Engineering from Birla Institute of Technology and Science (Pilani) and has also specialised in marketing with a post graduate management degree from IIM-Kolkatta. Having joined Jyothy Labs in May 2012, he brings to the table more than 22 years in FMCG sector with wide experience in areas of sales, marketing, strategic & tactical planning and has been in leadership roles for the last 8 years.

In his previous assignment he was the MD of Reckitt Benckiser India. He started his career with Asian paints and later worked with Unilever for 10 years , 6 years with Dabur, a home grown FMCG player in the naturals space. He was the CEO of Dabur International, prior to joining as the CEO and MD of Paras Pharmaceuticals Ltd, an Indian OTC and Personal Care player, which was subsequently sold to Reckitt Benckiser

Japan Vyas : Managing Partner

Japan Vyas is an MBA in Finance and a graduate in Commerce and Accountancy by qualification. He brings a

holistic and measured approach having worked with promoters and businesses since past 15 years across the financial services spectrum in private equity, project and structured finance, corporate banking and credit risk and control. He is amongst the very few private equity professionals in the country who has experienced the entire fund life cycle – from fund raising to creating liquidity events and following it up with a second fund raise. Besides investments, he has an in depth understanding of funds structuring, rupee fund raising, deal structuring and portfolio monitoring.

In his last stint as Director - Investments at IDFC Investment Advisors, he was instrumental in setting up their alternative investment practise and scaling it up to an AUM of Rs. 850 crore over a period of 4 years. He successfully raised and managed two funds investing in private and public equity - Hybrid Infrastructure Portfolio (HIP) in 2009 of Rs. 450 crore focussing on infrastructure opportunities and SPICE fund in 2012 of Rs. 400 crore focussing on consumption and infrastructure opportunities.

He has been serving as a Board member / Observer with investee companies, helping with interventions in business development, capital structuring, fund raising and investor relationships. Some of his key investments include One97 Communications, V A Tech Wabag, Ratnakar Bank, NSE, Trent, Indusind Bank amongst others.

Swati Mehra : Partner, Investments

Swati Mehra has an experience of 8 years in the field of investment analysis and research. She excels in consumer centric businesses with her expertise spanning across a diverse range of sectors including FMCG, Education, Media, Agri, Exchanges, Liquor and Midcaps. Having worked closely with corporates in the consumer space, Swati has built strong relationships as well in-depth understanding of consumer businesses and its challenges.

Swati has earlier worked with IDFC Securities (2007-2013), where she was involved in investment analysis of consumer centric companies both in the listed and private domain. In 2014, she was awarded Thomson Reuters„ StarMine Award for the No.1 Stock Picker in Media. She has excelled in identifying new trends and themes. Some of her work includes differentiated presentations on Food Security, Changing DNA (of organizations) and If I Were (based on strategies consumer companies should adopt). She was awarded the Certificate of Appreciation at IDFC for differentiated and path breaking research work

A Gold Medalist from Thadomal Shahani Engineering College (TSEC), Swati completed her degree in Computer Engineering in 2007. She has done an MDA program from XLRI, Jamshedpur and has cleared her CFA, USA Level III (awaiting charter). A rank-holder throughout her academic career, Ms Swati has won many accolades along the way including being inducted into the Hall of Fame in 2008 at TSEC and being awarded the Adcock Memorial Trophy.

CENTRE OF EXCELLENCE

“You don„t need to know all the answers, you just have to be willing to share what you know”

- Anonymous

Centre of Excellence

Agriculture : Anil Jain

Founder of Alchemy Capital Management. He has over two decades of experience in managing financial services operations and is a successful investor in many early stage business

Financial Services : Lashit Sanghvi

Promoter of Jain Irrigation, World„s 2nd largest micro-irrigation company He is an authority in the agri space, with in-depth understanding and knowledge of the agri value chain globally as well as in India

Ex-Managing Partner of JWT India: He is the king of brand creation and marketing. Some of the brands he has nurtured include Bajaj Auto, Idea Cellular and Tata Group brands: Tata Tea, Tata Retail and Ginger Hotels

Brand/Marketing: Tarun Chauhan

Marico's Ex-Group CFO and a member of its Group Executive Committee He has about 30 years of experience in Finance, HR, Strategic Planning, Corporate Development and Product Supply, across three organizations- Marico, Godrej and Hoechst

Consumer : Milind Sarwate

Centre of Excellence

Healthcare: Satish Khanna

Former Group President of Lupin and a veteran of the Indian pharma and chemical industries over a career spanning four decades. He mentors post-graduate management students and has authored three books on management and entrepreneurship.

Tax : Ajay Mehra

Partner with BMR & Associates LLP He has 20yrs+ experience in advising multinational and domestic companies across a range of industries in various issues including direct tax, indirect taxes and allied regulations

Information Technology: Akash Bhatia

Co-founder of Infinite Analytics and an experienced hand at technology and network architecture. He graduated from Sloan MIT after his MS from the University of Cincinnati.

OUR ABILITY TO CATCH TRENDS

“As long as you„re going to be thinking anyway, think big!”

- Donald Trump

Investment Team„s Research Track Record

Strategy presentations made to Executive Committees

Thought leadership

INVESTMENT TRACK RECORD

“Example is not the main thing in influencing other people; it„s the only thing”

– Abraham Lincoln

5years...

14 investments...

Multiplier returns !!!

Our Approach

Sixth Sense Ventures Advisors LLP

Product

Value Creator

Risk Appetite

We like 1st generation sponsors

Identify spaces with a large potential

Identify businesses which have created a niche in the large space

Ability to take calculated risks

We seek to invest EARLY and thereby create the LARGEST value

Spaces

Sponsors

Past Investments of Nikhil Vora

Consumer Technology Services Online Education / Legal

Value creation ability demonstrated

Past investments of Nikhil Vora

Total no. of investments (early stage) 14

Next VC / PE Round completed 10 / 14

Investments above costs 14 / 14

Current Estimated Valuations (USD 5 – 50m) 6 / 14

Current Estimated Valuations (USD 50 – 500m) 5 /14

Current Estimated Valuations (USD 500 – 1.5bn) 2 / 14

Current Estimated Valuations (USD 1.5bn+) 1/ 14

Consumer

Large SPACES with huge POTENTIAL

1st generation entrepreneurs

Identify “niches” within the large universe

Calculated RISK taking ability

US$20bn FMCG space

Darshan Patel

Entered similar product lines as Paras and leveraged on the existing

distribution channel

PE Investor : Sequoia Capital

Ex-promoter of Paras Pharma which was sold to Reckitt Benkiser

Devendra Shah

Created strong pan-India distribution network with innovative packing and branding

Indian dairy industry

PE Investor – Motilal Oswal PE, IDFC PE

One of India's largest private dairies & the only player, except Amul, present across the value chain

Technology

Large SPACES with huge POTENTIAL 1st generation YOUNG entrepreneurs

Identify “niches” within the large universe

Calculated RISK taking ability

Video conferencing space

Saumen Chakraborty

Customized Vennfer to cater to specific needs in education, healthcare, telecom, BFSI & defense. Pioneered the model of setting up R&D centers in apex institutes

Digital media space

MS Muralidharan

• Complete area management technology for sports event • Established credibility in Indian cricket - 10 yrs IPL contract • Successfully implemented international sports

India„s 1st IP based video conferencing solution; competes with global players

such as Polycom, Tandberg

PE Investor : NEA Capital PE Investor : Avigo Capital / Fidelis Dubai

• Sports • Media • Entertainment

Internet / Sevices

Large SPACES with huge POTENTIAL

1st generation YOUNG entrepreneurs

Identify “niches” within the large universe

Calculated RISK taking ability

Data Analytics

Undertakes Big Data Analytics to optimize marketing spends

Predict user„s behaviour for e-commerce, media and content,

travel and enterprise businesses

PE Investor : Ongoing

Promoted by two MIT graduates

Akash Bhatia Purushotham Botla

US$36bn Hospitality industry

• Provides hotels access to new channels for booking • Provides a single control panel to analyze all hotel

room operations through a dashboard that can be accessed on any device from anywhere

Suresh John

PE Investor : NEA

Strategically placed to leverage online hotel reservations (currently 60 % of all

reservations)

Mike Kistner

E-commerce

Large SPACES with huge POTENTIAL

1st generation YOUNG entrepreneurs

Identify “niches” within the large universe

Calculated RISK taking ability

Manish Taneja

E commerce engine for all type of Lifestyle , Beauty & Wellness products. Potentially a

USD2bn space in the next 5 years

E-commerce space

PE Investor : IVY Capital

Tie-ups with all major FMCG companies

Rahul Dash Prabhkiran Singh

Brand tie-up with Bollywood movie houses to become their official merchandiser

E-commerce

Design, Market and Distribute trendy apparels & accessories for lifestyle

conscious youth

Siddharth Munot

Investor – Snap Deal Founders Invested

Education / Training

Large SPACES with huge POTENTIAL

1st generation YOUNG entrepreneurs

Identify “niches” within the large universe

Calculated RISK taking ability

A strong brand in pre-schools, now scaling up in K12

Group of young lawyers – Nikhil Chandra & Anthony Alex

Implements solutions to improve efficiency and assist lawyers in the country

US$80bn Education space

Lina Asher

PE Investor : Ongoing PE Investor : Ongoing

A learning, content and test management business focused on the legal ecosystem

Pioneered change in learning from content-

based to activity-based in preschools

Solutions for Indian law industry

Technology

Large SPACES with huge POTENTIAL

1st generation YOUNG entrepreneurs

Identify “niches” within the large universe

Calculated RISK taking ability

Suresh Satyamurthy

Engaged with the top 10 MNCs in the world

PE Investor : Ongoing

Technology platform to automate the last mile and connecting the supply chain in the

pharma space, alongwith with analytics

Efficiency in the supply chain

Identified the potential in m-commerce and created the best in class solution for

mobile payments

• Runs Paytm, India„s largest digital goods marketplace

• Invests in early stage mobile related businesses as a internal USD100m fund

PE Investor : Alibaba; SAIF Capital

India„s largest mobile internet platform

Senthil Rajagopalan Vijay Sharma

Services

Large SPACES with huge POTENTIAL

1st generation YOUNG entrepreneurs

Identify “niches” within the large universe

Calculated RISK taking ability

Facilities Management

Rural employee base provides unique and cost competitive model

Hanmatrao Gaikwad

Mechanized cleaning services with clients in high security zones (Rashtrapati Bhavan, Parliament of India), PMO,

Indian Railways, BSE, BMC ensures 95% client retention

PE Investor : 3i Capital

Umesh Mane

-

11

22

33

44

-

75

150

225

300

FY08 FY09 FY10 FY11 FY12 FY13 FY14E

Revenues Net Profit

Case Study

Nikhil Vora invested at an equity value of Rs35cr

Next Round with Avigo PE at an equity value of Rs125cr

Part exit to Fidelis Sports at an equity value of Rs275cr

Technology Frontiers: • We identified the business potential and bet on the ability of the Promoter (M.S Muralidharan) to successfully execute when the

business was in a very early stage

• Demonstrated the risk appetite to stay invested with a promoter for 6yrs, providing regular strategic inputs (as a Board member) and timely liquidity support

• Leveraged our ecosystem to acquire new business contracts (with the likes of Future Group) and thereby fast pace growth

• Demonstrated ability to create value with the induction of a large PE investor in the growth stage and a strategic financial investor to scale the business further

• Exited at 8x of our entry price

FUND STRUCTURE & TERMS Fund: Sixth Sense Ventures Advisors LLP

Scheme: Sixth Sense India Opportunities – 1

Registrar: IL&FS Trustee Company Limited

Target size: Rs250 crore with a green shoe option of Rs50 crore

Partners contribution: Rs30 crore

Investment theme: “Consumer” focused businesses across the lifecycle (angel/venture/private/listed)

Deal Investment Size: Up to a maximum of Rs25crores

Fund Lifecycle: 7 +1 +1 yrs

Minimum Investment Amount: Rs1crore

Commitment period: Upto 36 months from Initial Closing

Management fees: 2% p.a on AUM (for Class A1/A2 units)

Surplus Interest (Performance fee): Option 1: 20% surplus interest after a hurdle rate of 8% IRR (without catch up)

Option 2: 15% surplus interest with no hurdle

Legal Advisors: Indus Law

Custodian: IL&FS Securities Services Limited

Auditors: BDO India

Fund structure

Investors

Sixth Sense Opportunity Fund

Investments into Indian Companies

Sixth Sense Venture Advisors

LLP IL&FS Trustee

Company Limited

Investment Management Services

Trustee

Management Fees

SIXTH SENSE INDIA OPPORTUNITIES – 1 OUR INVESTMENTS

“Example is not the main thing in influencing other people; it„s the only thing”

– Abraham Lincoln

Executed deals

Large SPACES with huge POTENTIAL

1st generation YOUNG entrepreneurs

Identify “niches” within the large universe

Calculated RISK taking ability

Largest company in the US$300m Indian Road Side Assistance space

• Dominant position in Delhi market and is now expanding Pan India

• Strong brand loyalty (renewal rate at 75%) having serviced over 2m cars

• Best in class infrastructure created

Focused and ambitious entrepreneur with over 15 yrs of experience across

Roadside Assistance and Financial

Industry

B2B contracts with the largest OEMs in the automobile industry; largest B2C

player in India

US$250m Luxury watch market growing

at 25% CAGR

• India market is fastest growing Swiss market in the world and the company is largest luxury watch retailer in India

• Leveraged visibility from offline stores to create a robust online platform

Promoter Group is the largest manufacturer of watch dials in India

and over 30yrs experience in

international watches

Strong relationship with global watch

manufacturers, esp Swiss watch makers

Frequently Asked Qs

“Whatever the mind of man can conceive and believe, it can achieve!”

- Napoleon Hill

(Only for illustration purpose, please refer fund documents for actual terms of investment)

Qs: What is Sixth Sense India Opportunities - 1 (the Fund)? The Fund is the first scheme of Sixth Sense Ventures Advisors LLP– a trust set up under the Indian Trust Act, 1882. IL&FS Trustee Company Ltd. is the trustee of the Trust. Qs: Is the Fund regulated by any regulator? The Trust is registered as a Category II Alternative Investment Fund (AIF) with Securities and Exchange Board of India (SEBI) under the SEBI (Alternative Investment Funds) Regulations, 2012 [SEBI (AIF) Regulations]. The Trust as well the Fund falls under the regulatory oversight of SEBI and has to meet all the regulatory requirements prescribed by SEBI under the SEBI (AIF) Regulations, 2012 from time to time. Qs: Who is going to manage the Fund? The Trustee has entered into an Investment Management Agreement with Sixth Sense Ventures Advisors LLP (SSVAP) pursuant to which SSVAP will provide investment management services and other allied services to the Fund. The Fund has also appointed IL&FS Securities Services Ltd to provide custody and fund accounting services to the Fund. Qs: What are the credentials of the Fund Manager? The core operating team of the Fund Manager besides having more than 70 years of investing/operating experience, has recognized knowledge leadership in consumer and new age sectors, track record of fund raising and management, senior level operating expertise in FMCG space and strong and deep relationships with wide variety of promoters and investors. [The key investment team of the Fund Manager have proven capital markets, legal and consulting expertise]. The Fund Manager is also putting in place a credible advisory board with substantial industry experience which will provide strategic advice and guidance to the Fund Manager. The detailed credentials of the Fund Manager are provided in the Private Placement Memorandum (PPM).

FAQs

Qs: Where will the Fund invest? / What is the investment theme? / What kind of companies will the Fund invest in? The Fund will attempt to partner with Indian entrepreneurs in consumer centric businesses seeking to scale up their businesses across the life cycle of a business – right from seed investing / venture capital to listed equity. The size of investment will be upto Rs25crores. The Fund will seek to invest primarily into unlisted companies with: • First generation entrepreneurs in businesses catering to the spaces of tomorrow • Predominantly knowledge driven as against capital intensive and • Where the business is at an inflexion point – we believe the opportune time to invest in a company can come as early as angel

investment or as late as listed investment

Qs: Who can invest in the Fund? The Fund will raise money from select resident high net worth individuals, HUF„s, trusts and corporate entities (companies, partnership firms etc.) As of now the Fund does not intend to raise money from foreign investor (including Non Resident Indians).

Qs: What is the process of signing up for investment in the Fund? The investor has to satisfy the mandatory KYC requirements as prescribed under laws by providing the documents like PAN card, address proof etc, sign the Contribution Agreement (which will detail the amount you are committing to invest, fees, and performance linked fees amongst other things) and risk disclosure. The details of KYC documents required by each category of contributors„ i.e Individual, HUF„s, Corporate etc. are mentioned in the Contribution Agreement.

Qs: How much money can an contributor invest? The minimum commitment amount is Rs. 1 crore which can be drawdown by the Fund Manager over the Commitment Period by giving a 15 calendar days„ notice to the Contributors. There is no upper limit to the amount one can invest, subject to the Fund having a minimum of 2 contributors.

FAQs

Qs: How much money should a contributor invest? The contributor should take suitable advice from his / her financial advisor before committing a portion of their investments into the Fund depending on individual risk appetite, surplus funds available and need for funds in the medium term. Qs: What will be my investment period? The term of the Fund is 7 years from the date of Initial Closing of the Fund. Initial closing refers to the date on which the Fund Manager decides to accept the capital commitment / capital contribution paid by the contributors, issues units in lieu of it and the investment manager will start making investments.

The term of the Fund can be extended by 2 additional one year periods by the Trustee subject to the approval of contributors representing 66.67% of the total capital commitment of the Fund. Qs: What is a commitment period? When will I have to pay the entire money committed? Commitment period is the time period in which the Fund Manager can call for draw down of the money committed by you in the Fund. The commitment period will be up to 36 months from the initial closing date.

On signing the contribution agreement, the contributor will have to pay 15% of its commitment amount. Subsequent drawdowns will be called for by the Fund Manager as and when they are ready to make investments during the commitment period. The Fund Managers will provide 15 calendar days„ notice for such subsequent drawdowns. .

FAQs

The Fund Manager is entitled to receive a success based fee based on the investor„s choice of either of the two options mentioned below: (i) 20% over and above the hurdle rate of 8% IRR to the contributor (without catch up). This means the Manager shall receive 20% of the profits generated by the Fund after the entire capital is returned and the contributor receives an IRR of 8 % on its investments. (ii) 15% success fee without any hurdle. This means the Manager shall receive 15% of the profits generated by the Fund after the entire capital is returned. Qs: What are other costs involved for the Fund? The Fund may end up paying custodian / depository charges, Fund accounting charges, audit fees and other administrative charges which are directly attributable to the Fund. In addition to the above fee, the Fund would also pay initial Fund set up cost, other transaction based fees, legal fee, professional / consultancy fee, statutory levies such as service tax and such other expenses incurred in respect of the investment made by the Fund.

. .

FAQs

(Amount in Rs) Year 1 Year 2 Year 3

Commitment amount (CA) 100

Drawn down amount 20 30 50

Cumulative AUM 20 50 100

Our Management fees @ 2% of AUM 0.4 1.0 2.0

General industry practise @ 2% of CA 2.0 2.0 2.0

Qs: What are the fees to be paid by the contributors ? Fund fees varies as per Class. The investors (holders of Class A1 and A2 units) will pay a Fund management fee of 2% per annum (plus service tax or equivalent levy) payable quarterly based on average Assets Under Management (AUM) as prescribed under the Contribution Agreement as against the general industry practise of charging management fees on the commitment amount till the commitment period. AUM includes mark-ups either due to part exit of any investment by the Fund, or a new benchmark value for the investment based on a Third-party transaction.

** In the general industry practise almost 10% of your initial drawn down amount is utilized towards fees.

Qs: When will I get my money back? As and when the Fund Manager exits the investments of the Fund, the monies from such exits will be returned back to the contributor over the life of the Fund. If there are exits made by the Fund Manager during the commitment period, the Fund Manager reserves the right to reinvest that amount in other investment opportunities. In the event, there are certain investments which could not be exited during the life of the Fund either due to adverse economic or capital market conditions or such companies are going through a difficult phase, the Fund Manager may choose to request an extension to the Fund life as mentioned above. In the case 66.67% of the contributors by commitment amount do not agree for such extension, the Fund Manager will liquidate all the investments on a best effort basis. Considering the investments will be primarily made in unlisted companies including early stage investments, there may be instances the Fund Manager is not able to exit certain investments despite its best efforts. In such cases, the Fund Manager will return the securities valued in proportion of the contribution of contributors into the Fund at the end of the Fund life. Qs: How much money will I get back / what returns will the Fund generate? There is no assurance provided by the Fund Manager to the protection of capital or guarantee of returns. The Fund presentation and other Fund documents provide details of the past experience of the Fund management team, investment thesis etc. The investments will be made primarily in unlisted companies including early stage investments. Typically these investments are characterized as “high risk” by the financial advisors. In general high risk investments are also associated with higher returns. You are advised to evaluate the strength of the investment team, product idea, risk disclosure under PPM and seek investment advice from your financial advisor before making your investment decision in this Fund. .

FAQs

Qs: What happens if I am unable to honour my commitment / What happens if I default? In the event any contributor does not contribute to any draw down notice within the time period mentioned in the notice which shall not be less than 15 calendar days, the Fund Manager will provide written notices to the contributor of this failure and interest will accrue on such overdue amount from drawdown date until the date of payments at 1.5% per month for the actual number of days elapsed. If the default continues for a period of 30 days from the delivery of such notices, the Trustee in its absolute discretion and in consultation with the Fund Manager declare such contributor as an defaulting contributor . Such contributor will be subject to default remedies including but not limited to forfeiture of all or portion of its interests in the Fund, or suspension of voting rights or freezing of its commitment amount in the Fund etc. Qs: What if I need the money back and I cannot wait for the entire Fund life? / Is there an emergency withdrawal facility? Since the product by its very nature is illiquid, we strongly advise you to commit only such monies to the Fund which are surplus to you in the medium to long term. It will be difficult to liquidate units of an contributor in the interim. We can however facilitate sale / transfer of the units if such contributor finds a buyer for his/her units. Such transfer will be subject to the buyer being legally and financially capable (as determined by the Fund Manager) of honouring the transferor„s obligations, satisfying KYC requirements and executing deed of adherence accepting the terms and conditions of the Fund agreements. The Fund Manager on a best effort basis will allow contributors to withdraw upto 10% of their capital contribution, subject to terms, conditions and approvals detailed in the contribution agreement .

FAQs

Qs: What is the tax treatment for my investment? Tax will be paid on behalf of the investors by the Fund as a representative assesse either under the PAN of trust or in the PAN of the individual beneficiaries, as advised by the tax advisors. Generally, investments shall be classified as long term or short term depending on the period for which they are held prior to transfer. Investments in shares or any instrument (listed on a recognized stock exchange) shall be long term if held for 12 months or more; in other cases (including unlisted debentures) the threshold is 36 months • Long term capital gains tax: Unlisted securities will attract a rate of 20% (with indexation), except for listed equity shares where STT is

paid will be 0%. In case of listed equity shares (if sale transaction is off market) and other listed securities, tax rate of 20% (with indexation) will apply

• Short term capital gains tax: Unlisted securities will attract a tax rate of 30%. Listed equity shares where STT is paid will attract a rate of 15%

The above rates shall be increased by applicable surcharge and education cess, and are based on current tax rates. However, recently on July 28, 2014, Central Board of Direct Taxes (‘CBDT„) has issued a circular clarifying tax treatment of Alternative Investment Funds (AIF). As per the Circular, an AIF (set-up as a trust) wherein names of the investors or their beneficial interest are not known at the time of creation of trust (i.e. date on which trust deed is executed), is required to discharge taxes at Maximum Marginal Rate (MMR) u/s 164(1) of ITA. This is for information purpose only. Please take advice from your tax consultant before investment. Qs: How will I know the performance of my investment / companies in which the Fund has invested? The Fund Manager will provide you with six monthly newsletters detailing the investment portfolio and progress of portfolio companies. NAV of the Fund will be made available to you on a quarterly basis and Audited financial Statement of Fund on yearly basis. A valuation exercise of the portfolio from an independent valuer of repute appointed by the Fund Manager will be conducted on an periodic basis.

FAQs

Thank You

Sixth Sense Ventures Advisors LLP

A - 909, The Capital,

Bandra Kurla Complex,

Bandra (East ),

Mumbai - 400051

Tel: +91 - 22 – 4017 6000 / 6017

Email: nikhil@sixth-sense.in

Web: www.sixth-sense.in