Disclaimer

Norte Advisors is a Division of Arax Advisory Partners, a registered investment advisor registered with the SEC. Norte Advisors and its representatives are in compliance with the current filing requirements imposed upon registered investment advisors by those jurisdictions in which Norte Advisors maintains clients. Norte Advisors may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Norte Advisors web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment related information, publications, and links. Accordingly, the publication of Norte Advisors web site on the Internet should not be construed by any consumer and/or prospective client asNorte Advisor’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Norte Advisors with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Norte Advisors please contact the SEC or the state securities regulators for those states in which Norte Advisors maintains a filing. A copy of Norte Advisors current written disclosure statement discussing Norte Advisors business operations, service, and fees is available from Norte Advisors upon written request. Norte Advisors does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked toNorte Advisors web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

To the extent that any client or prospective client utilizes any economic calculator or similar device contained within or linked to Norte Advisor’s web site, the client and/or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice Norte Advisors, or from any other investment professional.