1. Your Investment Career Advantage
August 18, 2016
Dear Kevin,
Zolio wishes to thank you for your engagement in the Zolio Summer 2016 Investment
Management program.
Having successfully completed the tasks required of an intern, you helped us understand and
improve Zolio as an educational platform for investment management. In addition, you learned
the basics of how to analyze a stock, build a portfolio, and think about market movements and
your trade decisions in the context of your own trading strategy.
The tasks you completed for Zolio included:
Participating in the Zolio psychometric profile exercise
Learning how to operate the Zolio trading platform and build a portfolio of equities and
ETFs
Accessing and commenting on the Learning Center materials
Familiarizing yourself with the user experience of being a Zolio participant in order to
respond to a user survey
Attending multiple webinars for which preparatory work was done ahead of time
In the event future employers wish to verify your participation in the Zolio internship program,
they may reach us as follows:
Zolio, Inc.
630 Third Avenue, 21st Floor
New York, NY 10017
Email: support@zolio.com
Attention: Anna Schuchmann
Tel: 917.909.4188
Again, thank you for your participation and for helping us improve our trading platform and
learning experience.
Regards,
Olive M. Darragh
Zolio, CEO and Founder
www.zolio.com

2. Report for Sollowsk
May 24, 2016 - August 12, 2016 (Certified by Zolio)
Starting Capital $1,000,000 Net P&L $62,454
Ending Capital $1,062,454 Trading P&L $68,818
Net RoR 6.25% Commissions ($6,009)
Trading RoR 6.88% Borrow Costs ($355)
Trading Days 57 Executed Trades 150
Distinct Instruments Traded 65
Continued...
RoR
Sollowsk vs. Market Benchmarks
Sollowsk (+6.25%) S&P 500 (+6.73%) Dow (+6.41%) NASDAQ (+9.71%)
6. Jun 20. Jun 4. Jul 18. Jul 1. Aug
-10
-5
0
5
10
15
P&L (USD)
Sollowsk Daily P&L
23. May 6. Jun 20. Jun 4. Jul 18. Jul 1. Aug
-50k
0k
50k
100k

3. By Type By Direction By Status
Zolio Performance Report for Sollowsk (continued)
Monthly Performance
Period PnL RoR S&P Dow NASDAQ
May. 24-31 2016 0 0.00% 2.39% 1.68% 3.82%
Jun. 01-30 2016 (2,072) -0.21% 0.09% 0.80% -2.13%
Jul. 01-31 2016 81,165 8.13% 3.56% 2.80% 6.60%
Aug. 01-11 2016 14,647 1.36% 0.56% 0.98% 1.28%
Wins / Losses
Top 5 Losing Days Top 5 Winning Days
2016-06-14 (30,094) -2.99% 2016-06-24 69,700 7.49%
2016-06-23 (29,098) -3.03% 2016-07-08 28,860 2.85%
2016-08-02 (27,940) -2.58% 2016-08-05 18,025 1.69%
2016-07-05 (19,570) -1.96% 2016-07-06 16,993 1.73%
2016-06-21 (14,488) -1.51% 2016-07-07 16,335 1.64%
Top 5 Losing Positions Top 5 Winning Positions
UWTI (13,950) NXPI 14,106
JNUG (8,310) PBYI 13,164
NYMX (8,248) BIB 11,934
BIDU (6,094) VXX 9,598
VIRT (4,266) CIG 8,865
Orders / Trades
Total orders: 174 | Filled orders: 150 | Avg. orders/day: 3.05
This performance report has been certified by Zolio, an independent trading platform with real-time market feeds.
Employers should feed free to contact Zolio at support@zolio.com with any questions or for further clarification.
Market
Market
Limit
Limit
Stop
Stop
Sell
Sell
Buy
Buy
Filled
Filled
Cancelled
Cancelled
Expired
Expired
Rejected
Rejected

4. Zolio Profile Report for Sollowsk (continued)
Portfolio Overview
Below are all positions held during your trading experience. Note that the maximum short and long market values
reflect position valuation at the close of trading and might not reflect intraday position or pricing changes.
Positions where neither value is provided reflect a position that was opened and fully liquidated on a single day.
Instrument Trades
Max Long
Mkt.Value
Max Short
Mkt.Value
P&L
Basic materials $3,445
Gold Standard Ventures Corp (GSV) 3 — — $5,870
Eldorado Gold Corporation (EGO) 3 $53,460 — ($4,229)
Intrepid Potash Inc. (IPI) 4 $14,900 ($18,100) $2,599
NovaGold Resources, Inc. (NG) 2 $14,260 — ($618)
Barrick Gold Corporation (ABX) 2 $61,500 — ($177)
Consumer goods $11,346
Toyota Motor Corporation (TM) 3 $109,950 — $8,557
Honda Motor Co. Ltd. (HMC) 2 $76,530 — $4,990
Fibria Celulose S.A. (FBR) 2 $115,920 — ($3,042)
General Motors Company (GM) 2 $32,160 — $841
Financial $28,107
Credit Suisse VelocityShares 3X Long Crude
Exchange Traded Notes 2012- Linked to S&P
GSCI Crude Oil (UWTI)
6 $51,390 ($32,740) ($13,950)
ProShares Ultra Nasdaq Biotechnology (BIB) 5 $106,470 — $11,934
Barclays Bank iPath Exch Traded Nts 2009-
30.1.19 iPath S&P 500 VIX Short Term Futures
Ser A (VXX)
3 $132,160 — $9,598
PowerShares Exchange-Traded Fund Trust II
(SVXY)
4 $72,760 — $8,722
Direxion Trust Shs Direxion Daily Junior Gold
Miners Index Bull 3X ETF (JNUG)
2 — ($83,955) ($8,310)
American Equity Investment Life Holding
Company (AEL)
2 $40,650 — $5,328
JPMorgan Chase & Co. (JPM) 2 $66,300 — $5,185
Jones Lang Lasalle Inc. (JLL) 6 $121,590 — $4,516
Virtu Financial Inc. (VIRT) 3 $137,440 — ($4,266)
CS Nassau VelocityShares Daily Inverse VIX
Short Term Exch Trd Nts 2010-4.12.30 Linked to
S&P 500 VI (XIV)
1 $74,440 — $4,211
PowerShares Exchange-Traded Fund Trust II
(UVXY)
4 $127,585 — $2,504
Prudential Financial Inc. (PRU) 1 $96,850 — $1,794
Direxion Financial Bull 3x Shares (FAS) 4 $88,680 — $1,284
First Trust Consumer Staples AlphaDEX Fund
(FXG)
2 $98,440 — ($1,018)

5. Direxion Daily Gold Miners Bull 3X Shares
(NUGT)
2 $111,110 — $991
Fidelity & Guaranty Life (FGL) 2 $69,450 — $483
PowerShares Dynamic Utilities Portfolio (PUI) 2 $111,080 — ($476)
ProShares Trust (SPXU) 2 $166,740 — ($414)
Barclays PLC (BCS) 1 $76,590 — ($400)
UBS AG (UBS) 1 $82,680 — $333
iShares Dow Jones U.S. Consumer Goods Sector
Index Fund (IYK)
2 $41,279 — ($231)
CNO Financial Group Inc. (CNO) 3 $123,920 — $218
Credit Suisse VelocityShares 3X Inverse Crude
Exchange Traded Notes 2012- Linked to S&P
GSCI Crude O (DWTI)
4 $188,280 — $178
Direxion Financial Bear 3x Shares (FAZ) 2 $113,375 — ($148)
Vanguard High Dividend Yield ETF (VYM) 2 $73,700 — $41
Healthcare $23,569
Puma Biotechnology Inc. (PBYI) 3 $128,600 — $13,164
Nymox Pharmaceutical Corporation (NYMX) 3 — ($34,170) ($8,248)
Esperion Therapeutics (ESPR) 2 $44,880 — $5,324
AstraZeneca Group plc (AZN) 2 $51,435 — $5,102
Adeptus Health (ADPT) 2 $85,635 — $5,056
Juno Lighting Inc. (JUNO) 2 $27,810 — $4,561
Biogen Inc. (BIIB) 2 $26,150 — $2,670
Galena Biopharma Inc. (GALE) 2 $6,600 — ($2,190)
Community Health Systems Inc. (CYH) 2 $41,230 — ($1,237)
T2 Biosystems (TTOO) 2 $39,900 — ($368)
GW Pharmaceuticals (GWPH) 2 — ($86,220) ($363)
Gilead Sciences Inc. (GILD) 2 $64,368 — $97
Services ($4,970)
Ardmore Shipping Corporation (ASC) 2 $31,560 — ($3,716)
Chipotle Mexican Grill Inc. (CMG) 2 $41,798 — ($980)
Lumber Liquidators Holdings Inc. (LL) 2 — ($63,120) ($211)
Staples Inc. (SPLS) 2 $65,520 — ($63)
Technology $23,379
NXP Semiconductors N.V. (NXPI) 3 $87,900 ($87,370) $14,106
Baidu Inc. (BIDU) 3 $166,530 — ($6,094)
VirnetX Holding Corporation (VHC) 2 — ($37,200) $5,809
Sanmina Corporation (SANM) 1 $83,936 — $5,330
International Business Machines Corporation
(IBM)
4 $69,126 — $1,446
Skyworks Solutions Inc. (SWKS) 2 $67,390 — $1,401
InvenSense Inc. (INVN) 2 $62,010 — $999
Advanced Micro Devices Inc. (AMD) 2 — ($26,050) $751
Imprivata (IMPR) 2 — ($47,925) ($461)
Juniper Networks (JNPR) 2 $68,070 — $93
Utilities $8,865

6. Companhia Energtica de Minas Gerais - CEMIG
(CIG)
2 $38,550 — $8,865

7. Zolio Profile Report for Sollowsk (continued)
Trading Style Comparison
These comparisons show core metrics for your account versus the average values of your intern class.
Metric Sollowsk Summer 2016 (Avg)
Overall Performance
Rate of Return +6.25% +3.88%
P&L $62,454 $38,754
Trades and Executions
Number of Trades 179 61
Avg Trade Market Value $77,867 $55,084
Distinct Instruments Traded * 65 28
Avg Trade Confidence 64 68
Average Daily Market Values
Long Portfolio $793,262 $395,329
Short Portfolio ($55,874) ($51,037)
Available Buying Power $313,329 $666,101
Journaling & Engagement
Weekly Journals ** 9 8.6
Trade Journals 158 44.5
Percent of Trades Journaled 77% 65%
* To be in compliance with Zolio trading rules, participants must trade at least ten distinct instruments.
** Participants must submit weekly journal entries to continue trading on the platform.
This performance report has been certified by Zolio, an independent trading platform with real-time market feeds.
Employers should feed free to contact Zolio at support@zolio.com with any questions or for further clarification.

8. Zolio Performance Report for Sollowsk (continued)
Zolio Experiences, Strengths, and Preferences (Zolio ESP™)
At the start of your Zolio experience, we asked you to complete an initial survey with many questions about your
experiences, strengths, and preferences (Zolio ESP™). This section of your report is meant to provide you with
feedback about those Zolio ESP™ results which are linked to your personality and behavior.
With extensive investing experience on Zolio's platform we endeavor to highlight the correlation between your
Zolio ESP™ profile answers and your trading performance. The more data we have, the more accurate the
correlations. However, with a relatively short trading history, correlations are unlikely to emerge or be
accurate. Thus your Zolio ESP™ feedback focuses only on how you answered the questions relative to
your peers.
Here are a few important things to remember about your results:
1. There is no "right" or "best" or "bad" set of Zolio ESP™ results. The results are about you and your
talent as it played out in the Zolio process.
2. You can be successful, or not, using any set of personal strengths and styles. The key is understanding
your personal strengths and style. Zolio ESP™ may help you achieve that by looking at how you
answered the questions relative to your peers.
3. You may believe that your talents and style "really" are different from your Zolio ESP™ results. That could
be due to some or all of the following factors:
You might think of yourself personally being one way, but you answered the questions on the Zolio
ESP™ in a different way.
You thought some of the questions were just plain odd and you weren't sure what was being asked. If
you had understood them differently you might have responded differently.
Maybe you tried to game the items (i.e. thought there were "right" answers) and if so these results
reflect how you seem while trying to guess right answers rather than how you truly are.
4. Your Zolio ESP™ results may be more accurate than you think they are. Consider what you would be like if
the results were really true; how do your experiences, strengths, and preferences contribute to your
success or developmental needs? Take whatever the outcomes and feedback tell you, and work with them
to build yourself as an investor and trader.
Continued...

9. Zolio Performance Report for Sollowsk (continued)
Benchmarking your results
Extensive research by Zolio and many others in the investment world indicate that successful investors have a
broad range of talents and traits. Zolio focuses on a few that are consistently seen as correlated with success as
an investor. These traits and talents can be combined in many ways. There are few, if any investors, who are
equally strong across all talents and traits. Your feedback report indicates how you scored on the Zolio ESP™
relative to your peers in terms of these talents and traits.
Financial analytical ability and market savvy: successful investors are highly analytical. They are
swayed by logic, facts, and evidence.
Self-management: successful investors are highly goal-oriented and disciplined. They use their trading
results to keep score not only relative to other investors, but relative to their own goals. These investors
have not only an overall trading plan for their portfolio, but have one for individual trades as well. The best
investors, at times, lose money, but unlike others they have two responses to losing money: first, they
relentlessly analyze their trading plans and execution so as to not repeat their mistake, and second they
systematically work their way back from losses in accordance with their trading plans.
Openness to new experience: successful investors are always looking for new investing ideas even in
well-defined market segments. They are always questioning their trading ideas and seeking feedback from
trusted sources. These investors also filter out sources that are untrustworthy or unfruitful. In a world
where new trading opportunities are constantly being marketed, it’s important for these traders to be
open to opportunities but be prudent with their sources by filtering out noise, hearsay and information
that is not fact-based.
Emotional self-regulation and capacity for risk tolerance: successful investors are able to function in
the face of adversity or elation without losing their perspective. They channel their emotional energy into
the "rage to master" rather than raging against adversity. They define first what levels of returns they wish
to achieve, and then define what level of risk they are willing to take to achieve those returns. Return
targets may be tempered by the investor’s capacity to manage unease about risk.
The chart above show your Zolio ESP™ results relative to Zolio participants whose P&L performance was in the top quartile. The scores are reported using a "T-
scale score," which is a scale with an average value of 50 and a standard deviation of 10. Thus, a score of 50 is average relative to others, a score of 60 is higher than
84% of all others, and a score of 40 is higher than 16% of all others.
T-scale score
Kevin Sollows Zolio ESP Performance
47
47
49
49
53
53
45
45
50
50
49
49
49
49
50
50
Kevin Sollows
Zolio Traders
(top quartile)
Financial Analytical
Ability & Market
Savvy
Self-Management Openness Self Regulation and
Risk Tolerance
0
25
50
75
100