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Research Report Disclaimer

Full Disclaimer (for use in most Firm research reports):

Important. Prepared for informational purposes only. This report is based upon publicly available information that Axiom Capital Management, Inc. and its affiliates (“Axiom”) believe to be reliable, but no representation is made that it is accurate, current or complete, and it should not be relied upon as such. Axiom is not responsible for any errors or omissions in this report. Any opinions, projections and valuations contained in this report reflect Axiom’s opinion as of the date of the report and are subject to change without notice. Past performance is not necessarily indicative of future results. This report is neither an offer to sell nor a solicitation of an offer to buy a security, and does not constitute an offer to arrange or provide financing or to underwrite or place securities.

Axiom and/or its employees may buy, hold, trade or sell any security or financial instrument described herein or provide services to issuers discussed herein. Certain securities, financial instruments and/or transactions give rise to substantial risks and are not suitable for all investors. Investors must undertake independent analysis with their own legal, tax and financial advisers and reach their own conclusions regarding the economic benefits and risks of the instruments described herein, and the legal, credit and tax aspects of such instruments.

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Axiom Capital Management, Inc. is a broker-dealer registered with the U.S. Securities and Exchange Commission and is a member of the National Association of Securities Dealers, Inc. and the Securities Investor Protection Corporation.

Abbreviated Disclaimer (for use only in truncated research “notes” of less than one page):

Important. Prepared for informational purposes only, based upon publicly available information . No representation is made that it is accurate, current or complete, and Axiom Capital Management, Inc. (“Axiom”) is not responsible for any errors or omissions herein. Any opinions, projections and valuations contained in this report reflect Axiom’s opinion as of the date of the report and are subject to change without notice. This report is neither an offer to sell nor a solicitation of an offer to buy a security, and does not constitute an offer to arrange or provide financing or to underwrite or place securities. The complete set of terms and conditions under which Axiom makes this presentation available at: PLEASE CLICK HERE FOR IMPORTANT INDIVIDUAL STOCK DISCLOSURES AND ANALYST CERTIFICATION.

Axiom Capital Management, Inc. is a broker-dealer registered with the Securities and Exchange Commission and Member FINRA/SIPC.