PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.

The advisory firm does not receive any economic benefits from non-clients for providing advisory services to its clients. However, in certain circumstances, the firm may be offered or may request board representation for certain of its clients' portfolio companies. The firm's policy has been to allow its representative to retain those board fees individually. The firm utilizes various strategies in advising its clients, including buying undervalued equity securities, seeking to profit from both security selection and thematic sector or market timing decisions. The value of these investments will generally vary with their issuer's performance and movements in the equity markets. The firm also provides quarterly written reports to investors in its clients, containing a brief review of their performance for the relevant quarter.

The investment strategies employed by the firm involve a "bottom-up" approach, focusing on individual company opportunities rather than market timing. The firm is not constrained by a particular investment style, and may invest in "growth" or "value" stocks, or a combination of both. The firm relies on fundamental analysis of each company's financial condition, industry position, and economic and market conditions to make investment decisions. Special emphasis is placed on revenue growth, return on equity, and management. The firm also employs a thematic sector or market timing approach, seeking to profit from both security selection and market inefficiencies. The firm invests in undervalued equity securities, seeking to profit from both security selection and thematic sector or market timing decisions. The firm believes that having knowledge of a company's fundamental story in real time helps to distinguish buying opportunities from true deterioration in a company's fundamentals.

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