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The attached research report was prepared by the correspondent broker named above, and by the correspondent broker’s analysts named in the attached report and is dated the date set forth above. This report was not prepared by Auerbach Grayson & Company. The correspondent broker and its research analysts are not associated persons of Auerbach Grayson & Company, nor are they affiliated with Auerbach Grayson & Company. The correspondent broker named above and its research analysts are not subject to the SEC rules on research analysts. They are not members of, or registered with, the Financial Industry Regulatory Authority (FINRA). They are not subject to FINRA’s rules on Debt Research Analysts and Debt Research Reports, Equity Research Analysts and Equity Research Reports, and the FINRA rules on communications and the attendant restrictions and disclosures required by those rules. [If the report is to be distributed to more than Major U S institutional Investors. Auerbach Grayson & Company accepts responsibility for the contents of this report as provided for in SEC releases and SEC staff no-action letters.] All persons receiving the attached report and wishing to buy or sell any of the securities discussed in the attached research report should do so through a representative of Auerbach Grayson & Company. Auerbach Grayson & Company will share in the commissions charged for executing such an order. Auerbach Grayson & Company and its affiliates do not own one per cent (1%) or more of any class of equity or debt securities of the issuers discussed in the attached report, Auerbach Grayson & Company and its affiliates have not received any investment banking compensation from any of the issuers discussed in the attached report in the past twelve months, and do not intend to seek or expect to receive investment banking compensation from any of the issuers discussed in the attached report in the next three (3) months. Auerbach Grayson & Company has not acted as manager or co-manager of any public offering of securities issued by any of the companies discussed in the attached research report in the past three (3) years. Neither Auerbach Grayson & Company nor any of its officers own options, rights, or warrants to purchase any of the securities of the issuers discussed in the attached research report, and Auerbach Grayson & Company and its associated persons do not stand ready to buy from or sell to any persons, as principal, any of the securities discussed in the attached research report.