Please be advised that Montague DeRose and Associates, LLC is an Independent Registered Municipal Advisor (“IRMA”) for purposes of the Securities and Exchange Commission’s (“SEC”) rules regarding the Registration of Municipal Advisors (“SEC Rules”).

Gavin Palatt has been affiliated with T.E. Laird Securities, LLC within the last two years. For two years after the end of his affiliation with T.E. Laird Securities, LLC he will not participate in the review of any solicited or unsolicited proposals received from T.E. Laird Securities, LLC or any other municipal advisory activity in which T.E. Laird Securities, LLC is relying on the IRMA Exemption.

None of the other Associated Individuals have been associated with a broker-dealer within two years of the date of this notice.