Fundamental Research Corp. (“FRC”) does not have any investment banking business with the companies mentioned in this presentation. FRC was paid a fee for providing analyst coverage. FRC or the Analyst do not own shares of the subject company, and do not make a market or offer shares for sale of the subject company, and do not have any investment banking business with the subject company. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Forward-looking statements regarding the companies and/or stock’s performance inherently involve risks and uncertainties that could cause actual results to differ from such forward-looking statements. Past performance is not indicative of future performance. Talk to your advisor before investing. This presentation is for information purposes only.