Disclaimer

Pathlight Investors, LLC (Pathlight Investors) is an SEC registered investment adviser located in the State of Arizona. Pathlight Investors and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC registered investment advisers by those states in which Pathlight Investors maintains clients. Pathlight Investors may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements. Pathlight Investors’ web site is limited to the dissemination of general information regarding its investment advisory services to United States residents residing in states where providing such information is not prohibited by applicable law. Accordingly, the publication of Pathlight Investors’ web site on the Internet should not be construed by any consumer and/or prospective client as Pathlight Investors’ solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Furthermore, information on this Internet site should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from Pathlight Investors. Any subsequent, direct communication by Pathlight Investors 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 Pathlight Investors, please contact the United States Securities and Exchange Commission on their web site at www.adviserinfo.sec.gov. A copy of Pathlight Investors’ current written disclosure statement discussing Pathlight Investors’ business operations, services, and fees is available from Pathlight Investors upon written request. Pathlight Investors does not make any representations as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Pathlight Investors’ web site or incorporated herein, and takes no responsibility therefore. All such information is provided for convenience purposes only and all users thereof should be guided accordingly.