1. ANGUILLA’S COMMERCIAL REGISTRY PRESENTATION 10 Years & beyond

2. Commercial Registry REGISTRY BACKGROUND & RECENT DEVELOPMENTS: Presented by Lanston Connor, Registrar of Commercial Activities REGISTRY PERFORMANCE & FUTURE DEVELOPMENTS: Presented by Ketsia Harrigan, Deputy Registrar

3. Mission Statement Our mission is to continuously promote Anguilla as an industry leader in the provision of a 24-hour online company registration and related services. We aim to provide these services in the most efficient and timely manner through our ACORN system and our highly trained and motivated staff.

4. COMMERCIAL REGISTRY Previously known as the Financial Services Department Administrators of: Companies, Trademarks, Patents, Intellectual Properties, Trade Union and Foundations Acts. Department incorporated in the Ministry of Finance Consists of (7) seven staff members Home of the one & only, ACORN

5. COMMERCIAL REGISTRY Department within the Ministry of Finance Headed by the Registrar of Commercial Activities. (Statutory position) Regulated by FSC with regards to regulated sectors. ie Companies & Foundations & MOF with departmental administration

6. Organizational Chart

7. ACORN’s Vision Our vision is to use the latest technology to maintain the modernization of the commercial registration process. The future of ACORN will continue to be a successful one and all information will be made available to our clients in a proficient and resourceful manner.

8. Commercial Registry – Recent Developments Licensing requirements to act as registered office /agent (Sec. 1) Company Management Act) Bulk purchase Discount Policy Foundations ACT Licensing of ACORN (pending) Statutory Body (pending)

9. Commercial Registry BULK PURCHASE OPTIONSAMOUNTUNIT COSTINCORP PERIOD A100$2001 MONTH B250$1753 MONTHS C500$1256 MONTHS D750$759 MONTHS E1000$251 YEAR

10. Marketing Marketing Budget 2009 $300,000.00 Utilization of OT Group Status within industry. Bulk purchase discounts Bi Annual Road shows to Asia Europe and Central America. Conferences: STEP, ITPA, AOA, CCLW, INTA, Heckerling, CICA, WCF, CCAA WOC

11. 2009 C R Marketing plans Heckerling Conference in January Road trip to ASIA in March CICA, AOA STEP Conference in May CCLW Conference in August Road Trip to Asia in October AOA, WCF,WOC CCAA Conference in December.

12. Financial & Operational Performance for 2008

13. ACORN’s Highlights Year20072008 Revenue EC$6.1 M EC$6.5 M BudgetEC$1.4M EC$1.5 M ROI308%333.33% Incorporations2,6062,502 Company Managers6466 Overseas Agents102110

14. Revenue Performance * Projected

15. Financial Performance: Revenue Year / Month200620072008 January $ 438,141.87 $ 443,362.13$ 496,866.61 February $ 251,742.09 $ 445,261.69$ 412,576.81 March $ 533,239.73 $ 668,009.41$ 743,116.12 April $ 380,008.25 $ 436,034.29$ 531,237.41 May $ 282,987.81 $ 396,177.79$ 333,078.63 June $ 535,864.37 $ 740,919.93$ 672,920.36 July $ 357,291.87 $ 419,988.93$ 674,974.95 August $ 375,900.43 $ 313,808.35$ 577,960.88 September $ 514,587.42 $ 545,721.73$ 555,748.75 October $ 447,781.45 $ 509,442.68$ 409,368.40 November $ 391,945.09 $ 432,289.92$ 362,485.25 December $ 521,055.23 $ 758,122.93$ 787,631.10 TOTAL REVENUE (EC$) $ 5,030,545.61 $ 6,109,139.78$ 6,557,965.27 * Projected Revenue

16. Financial Performance – Revenue Breakdown

17. Financial Performance: Budget

18. Financial Performance: Budget Breakdown

19. Financial Performance: ROI

20. Operational Performance Company Registrations  An average of (217) two-hundred & seventeen companies per month and (2,604) two thousand-six hundred & four companies per year  There’s an average monthly increase of 25%  There’s an average yearly increase of 18%

21. Total Yearly Incorporations by Type CompaniesFY2000FY2001FY2002FY2003FY2004FY2005FY2006FY2007FY2008 IBC5688677045698981734278121402152 Overseas IBC701544776114731167530 Domestic Companies 193178202168194301275301211 LLC142327394143597489 Other171678919231620 Total862123898786012562170325426062502 % Change 43.62%-20.27%-12.87%46.05%72.77%49.95%-21.14%-2.49% * Projected Incorporations

22. Operational Performance: Agent Overview One Hundred & Ten (110) Overseas Agents from over 30 Countries in Total- There were Eight (8) OS Agents Registered in 2008 Sixty-Seven (67) Onshore Agents in Total– There were Three (3) Onshore Agents Registered in 2008

23. Top Performing Overseas Agents by Location

24. Opportunities for ACORN Being relatively new to the industry, we are able to learn from the mistakes of other jurisdictions and improve on their performances. ACORN uniqueness and sophistication allows us to provide efficiency in corporate registrations which is second to none. We will need to maintain this advantage. The government’s realization that the provision of financial services is a viable solution to the government’s wish to diversify the economy with little or no cost to the Islands infrastructure and natural resources. Our willingness to be flexible in responding to industry needs as opposed to the entrenched practices of other established jurisdictions. The global acceptance of e-commerce as a viable means of doing business. Our relationship with some of the world’s largest and most respected financial centers as a BOT.

25. THE END ………… but New Beginnings here @