Brickell Analytics LLC Disclosure

The statements, opinions and analyses presented herein are provided as general information. Opinions, estimates and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. While all the information prepared in this presentation is believed to be accurate, Brickell Analytics, LLC makes no express guarantee as to the completeness or accuracy of, nor can it accept any responsibility for errors appearing in, the presentation.

Other events which were not taken into account may occur, and any projections, outlooks or assumptions should not be construed to be indicative of the actual events which will occur. The information contained herein is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities. In addition, nothing contained herein is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Brickell Analytics, LLC is not a registered broker-dealer or registered investment adviser.

Prior to making any investment decision, you are advised to consult with your broker, investment adviser, or other appropriate tax or financial professional to determine the suitability of any investment. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy discussed herein will be profitable or equal any historical performance level(s). Neither Brickell Analytics, LLC, any of its affiliates (including, without limitation, Brickell Family Office), nor each of their respective officers, directors, members, agents, representatives, employees, or contractors (collectively, “Brickell Parties”), shall be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.

You assume all risks of loss resulting, directly or indirectly, from the use of the information contained in this presentation. By accepting receipt of this presentation you acknowledge and agree to hold harmless the Brickell Parties from any and all claims, actions, damages, losses, liabilities, costs and expenses of any kind whatsoever, including but not limited to any claims of negligence, arising out of, resulting from, by reason of, or in connection with the use of the information contained in this presentation.

This presentation contains certain “forward-looking statements,” which may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” “potential” and other similar terms. Examples of forward-looking statements include, without limitation, estimates with respect to financial condition, market developments, and the success or lack of success of particular investments (and may include such words as “crash” or “collapse”). All are subject to various factors, including, without limitation, general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors that could cause actual results to differ materially from projected results. Comparable companies, strategies, portfolios and indices may be included in this presentation only as a context reflecting general market results during the depicted period or as of the specified date.

The comparison of any company, strategy, portfolio or index to a single other portfolio may be inappropriate because the portfolio’s assets, strategies and level of risk may vary materially from the comparable company, strategy, portfolio or index as a whole. The Brickell Market View, the Brickell Report and the Brickell Price Update describe hypothetical investments, which may include individual securities solely for illustrative purposes, to which Brickell Analytics, LLC is applying its global macro research and analysis. When Brickell Analytics, LLC is currently analyzing an investment in the Brickell Market View, it is an “open view”; when it is no longer analyzing such investment it is a “closed view.” In addition, Brickell Analytics, LLC issues “entry level” and “exit level” alerts to indicate the price of an investment at which Brickell Analytics, LLC begins or ends its analysis in the Brickell Market View. The Brickell Market View, including, without limitation, “open views,” “closed views,” “entry levels,” and “exit levels,” are all provided solely for illustrative and information purposes only.

The Brickell Market View contains a number of hypothetical assumptions, including, without limitation, the absence of transaction costs, margin interest, taxes and other incidental expenses. The Brickell Market View also does not take into account cash dividends, stock splits, rights, warrants and other corporate actions. In addition, the Brickell Market View does not consider liquidity, market, or other trading issues, nor asset allocation, investment strategy, fees, or suitability concerns. The Brickell Market View, the Brickell Report and the Brickell Price Update do not reflect any actual investment portfolio (or any other actual investment purchased, sold or recommended for investment by Brickell Analytics, LLC or any of its principals, officers, employees or affiliates) and are not intended to represent the performance of any investment made in the past or to be made in the future. The Brickell Market View, the Brickell Report and the Brickell Price Update are not intended to be, nor shall they be construed as, investment advice, nor should they be relied upon in making any investment or other decision.

Principals of Brickell Analytics, LLC may buy or sell some, all or none of the investments included in the Brickell Market View, the Brickell Report and the Brickell Price Update, for their personal trading accounts or for the trading accounts of others. This presentation is provided to you on a confidential basis and is intended solely for the use of the person to whom it is provided. It may not be modified, reproduced or redistributed in whole or in part without the prior written consent of Brickell Analytics, LLC.