COHEN CAPITAL MANAGEMENT, INC.

CCM generally services high net worth individuals and focuses on fundamental, quantitative aspects of investments with a long-term view to total capital appreciation. CCM also provides asset allocation and customizes its services based on the needs of its clients. Each client is required to enter into an Investment Advisory Agreement with the Firm setting forth the terms and conditions of the engagement, as well as describing the specific scope of the services to be provided. Clients may impose reasonable guidelines and/or restrictions on investing in certain securities or types of securities, which must be communicated to CCM in writing. CCM is the Manager and 40% owner of an Affiliated LLC, UV 50, LLC, and receives distributions in the form of a profit interest for performing such services. Mr. Cohen is the sole owner and President of CCM, and thus, through CCM, he personally benefits from the profit interest provided by UV 50, LLC. This represents a conflict of interest because Mr. Cohen may cause CCM to make more aggressive transactions on behalf of the CCM Affiliated LLC in order to increase his profit interest. In order to mitigate this conflict, such recommendations will only be made to the extent that CCM reasonably believes them to be suitable and in the best interests of the clients.

CCM focuses on fundamental, quantitative aspects of investments with a long-term view to total capital appreciation. CCM also provides asset allocation and customizes its services based on the needs of its clients. Each client is required to enter into an Investment Advisory Agreement with the Firm setting forth the terms and conditions of the engagement, as well as describing the specific scope of the services to be provided. The security analysis process of CCM includes both cyclical and fundamental methods. CCM utilizes services from sources of electronic information including Bloomberg, Morningstar, NYSE Market Inc., Options Price Reporting Authority, Thomson Reuters as well as buy side research delivered through the internet either directly or through Thomson.

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