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PENDER CAPITAL

11766 Wilshire Blvd., Suite 460, Los Angeles, CA 90025 Phone: 310.853.8001 / Email: support@pendercapital.com Web: www.pendercapital.com / CFL# 60DBO 43830

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Offering only available to Accredited Investors. This communication is not intended to constitute any offer or solicitation to buy or sell securities. Offers of securities or investment advisory services may be made only pursuant to appropriate offering or other disclosure documents, and only after prospective investors have had the opportunity to discuss all matters concerning the prospective investment or engagement with their adviser and the issuers of the securities. In addition, neither Pender Capital nor any of its affiliated entities may offer interests in any of its unregistered funds or accept subscriptions from any potential investors with whom it has no prior or existing relationship until the expiration of a 30-day “cooling off” period with each potential investor, respectively. For more information, please contact us. It should be noted that past performance is not indicative of future results.