Exhibit 1. Perpetual Fund+ Concept, Profile View. The perpetual fund can be conceptualized as a pool of capital, into which new investments and windfalls+ are added periodically, increasing the total capitalization of the fund. Capitalization is the key factor in the calculation of share prices for the perpetual fund (adjusted for prices realized during open season+). Funds used in franchisee+ operations are not shown as expensed since they are (essentially) capitalized at the moment we periodically revalue (upward) shares of the franchisees based on favorable progress. Drawing down the pool of funds are franchise operations+ and investor exits.