GENERAL DISCLAIMER

The Ira Sohn Conference Foundation, Inc.® (the “Foundation”) hosts annual investment conferences and events (the “Sohn Investment Conferences”) which bring together successful investors to present their best investment ideas, all to benefit the Foundation and its mission. The Sohn Investment Conferences are intended to be an opportunity to exchange ideas for educational purposes. Each Sohn Investment Conference may include opinions, advice, statements, materials, presentations, data, images, videos, documentation and other information (collectively, “Materials”) expressed or otherwise shared by presenters whom the Foundation has invited to participate. The Materials are for informational purposes only, and the statements, views and opinions expressed at any presentation or in any Materials are those solely of the presenter and not of the Foundation. Further, the Foundation does not endorse or recommend any presenter, promoter, investment advisor, strategy, company or any views mentioned at any conference or in the Materials. Under no circumstances, will the Foundation (or its directors, officers, employees, or agents) be liable for the accuracy, quality or reliability of any of the presentations or Materials, any defamatory, offensive, or illegal conduct of presenters, or any direct, indirect, incidental, special or consequential damages arising from any presentations or Materials.

The Materials do not constitute investment advice, recommendations or solicitations to purchase or sell any securities mentioned therein or at any conference. The Foundation is not, and does not provide services as, an investment advisor, investment analyst, broker, broker-dealer, market-maker, investment banker or underwriter.

Some of the information presented in the Materials or at the conference may contain “forward looking” statements by the presenters within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. A company’s actual results could differ materially from those described in any forward-looking statements or announcements discussed at the Sohn Investment Conferences. Forward-looking statements are based upon expectations, estimates and projections at the time the statements are made and involve risks and uncertainties that could cause actual events to differ materially from those anticipated. Forward-looking statements often include words such as “anticipates,” “estimates,” “expects,” “projects,” “intends,” “plans,” “believes” and words and terms of similar substance in connection with discussions of future operating or financial performance. Any statement that expresses or involves predictions, expectations, beliefs, plans, projections, objectives, goals or future events or performance may be a forward-looking statement. The Foundation shall not be liable for the contents of any such forward-looking statements.

The Foundation receives cash charitable donations and fees from presenters, sponsors, investment advisors and participants who attend the Sohn Investment Conferences. The Foundation receives no compensation for, and does not engage in, providing advice, making recommendations, issuing reports or furnishing analyses on any of the securities, strategies or information presented herein or at any conference.

The Foundation recommends that you consult with a professional investment advisor, broker or legal counsel before purchasing or selling any securities.