Lium LLC is an independent research provider. The Company is not a member of the FINRA or the SIPC and is not a registered broker dealer or investment adviser. The Company has no other regulated or unregulated business activities which conflict with its provision of independent research. No employee or member of Lium LLC, or immediate family member thereof, exercises investment discretion over, or holds any position in, securities of any issuer analyzed by the Company.

Nothing contained this Report should be construed as any offer to sell, or any solicitation of an offer to buy, any security or investment. Any research or other material received should not be construed as individualized investment advice. Investment decisions should be made as part of an overall portfolio strategy and you should consult with a professional financial advisor, legal and tax advisor prior to making any investment decision. Lium LLC shall not be liable for any direct or indirect, incidental or consequential loss or damage (including loss of profits, revenue or goodwill) arising from any investment decisions based on information or research obtained from the Company.

This Report is produced and copyrighted by Lium LLC, and any unauthorized use, duplication, redistribution or disclosure is prohibited by law and can result in prosecution. The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Lium LLC makes no representation as to their timeliness, accuracy or completeness or for their fitness for any particular purpose. This Report is not an offer to sell or a solicitation of an offer to buy any security. The information presented in this Report is for general information only and does not specifically address individual investment objectives, financial situations or the particular needs of any specific person who may receive this Report. Investing in any security or investment strategies discussed may not be suitable for you and it is recommended that you consult an independent investment advisor. Nothing in this Report constitutes individual investment, legal or tax advice. Lium LLC may issue or may have issued other reports that are inconsistent with or may reach different conclusions and opinions than those represented in this Report, and all opinions are reflective of judgments made on the original date of publication. Those reports may reflect the different assumptions, views and analytical methods of the analysts who prepared them and Lium LLC is under no obligation to ensure that other reports are brought to the attention of any recipient of this Report or to update or keep current the information contained in other reports so that such information is consistent with, or not contrary to, the information contained in this Report. Lium LLC shall accept no liability for any loss arising from the use of this report, nor shall Lium LLC treat all recipients of this report as customers simply by virtue of their receipt of this material. Investments involve risk and an investor may incur either profits or losses. Past performance should not be taken as an indication or guarantee of future performance. No Lium LLC officers, employees, agents and/or affiliates may serve as officers or directors of covered companies, or may own more than one percent of a covered company’s stock