Broker/Dealer Relationships. Neither the Company nor any Subsidiary or any related entities # is required to register as a “broker” or “dealer” in accordance with the provisions of the Exchange Act or # directly or indirectly through one or more intermediaries, controls or is a “person associated with a member” or “associated person of a member” (within the meaning set forth in the FINRA Manual).

Neither the Company nor any of the Subsidiaries (as defined herein), nor any of their respective affiliates, officers, directors or any beneficial owner of 5% or more of the Company's securities, # is required to register as a “broker” or “dealer” in accordance with the provisions of the Exchange Act or the Exchange Act Regulations, or # has any direct or indirect affiliation or association with any member firm of Financial Industry Regulatory Authority, Inc. (“FINRA”) (as determined in accordance with the rules and regulations of FINRA).