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Sales and Trading General Disclaimer

Emails sent from Topeka employees may contain privileged or confidential information. It is intended only for the addressee(s) indicated above. This is not a research report under NASD Rule 2711 and has not been prepared by a research department; it has been prepared by non-research personnel. It was not reviewed nor approved nor should it be construed as research or considered independent research. It is provided for informational purposes only to the institutional clients of Topeka Capital Markets. It has been prepared without regard to the individual financial circumstances and objectives of the persons who receive it. The information, opinions, and statistical data contained in this commentary do not represent a complete analysis of every material fact respecting any company, industry, or security. The opinions expressed here reflect the judgment of the author(s) at this date and are subject to change. Any factual information that is contained herein has been obtained from sources believed to be reliable, but we do not guarantee its accuracy or completeness. Events or commentary pertaining to political policy comply with Congressional ethics and gift ban rules. Topeka Capital Markets does not participate in any lobbying or fundraising events. This commentary does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such offer or solicitation would be prohibited. Past performance is not a guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance of any security mentioned in this commentary. Topeka Capital Markets accepts no liability for any loss arising from the use of information contained in this commentary.

SEC Rule 606 Disclosure

Rule 606 requires broker-dealers that route customer orders in equity and option securities to make publicly available quarterly reports that identify the venues to which customer orders are routed for execution. You may locate our quarterly report required under Rule 606 at  http://vrs.vista-one-solutions.com/reports/1-6/topk/

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Customer Complaints

Any material customer complaints should be sent in writing to
Topeka Capital Markets
40 Wall Street, Suite 1702
New York, NY 10005
Attn: Michael Jackson

Anti-Money Laundering

Please be aware that Topeka Capital Markets is registered with FinCen the United States Government website for Financial Crimes Enforcement. Topeka reviews all accounts and reports any positive match to FinCen criteria to the proper authorities.

Research Disclosures

In regards to Research distributed by Topeka Capital Markets the following disclosures apply.

Research May Not be Current

Topeka Capital Markets Inc. intends that its research reports be useful and believes that, as of the date of its first publication, it is accurate. However there is no representation that the information is accurate, complete or current or that it reflects the current opinion or all information known to Topeka Capital Markets Inc.

Research Reports Are Not Recommendations or Solicitations

These reports do not represent a recommendation to undertake transactions in the subject securities. The reports do not represent an offer to buy or sell a security or a solicitation to do so.

No Warranty

Topeka Capital Markets Inc. disclaims any warranty of any kind, whether express or implied, as to any matter whatsoever relating to these research reports. You understand that these research reports are provided on an “as is” basis for use at your own risk, and Topeka Capital Markets Inc. is not liable for any damages or injury resulting from use of this information. Performance data is provided by sources which we believe to be reliable, but there is no assurance that such information or calculations prepared using such information, are accurate or complete.

Securities Discussed in Research Reports May Not Be Suitable Investments

Some or all of the securities discussed in these research reports may be speculative or high risk, and unsuitable for many investors. Topeka Capital Markets Inc. makes no representation as to the suitability of these securities for individual investors. Investors must make their own determination as to the suitability of such investments, based on factors including their investment objectives, financial position, liquidity needs, tax status, and level of risk tolerance.

Company Disclosures

Topeka Capital Markets Inc. does not make markets. Topeka Capital Markets Inc. does not provide Investment Banking services to the subject companies in its research reports. Topeka Capital Markets Inc. nor any of its analysts, officers, employees, or any household members serve as an officer, director or advisory board member of the companies discussed in its research reports.