Comparison of Reppond Investments, Inc.’s strategies to any stock market index is for illustrative purposes only. The volatility of the indices used for comparison may be materially different from the volatility of Reppond Investments, Inc.’s programs due to differences in diversification and actual securities held by Reppond Investments, Inc. vs. the market indices. Different types of investments involve varying degrees of risk and there can be no assurance that any specific investment will be profitable or that you will not lose money.

Reppond Investments, Inc. does not make any representation that our strategies will or are likely to achieve returns similar to those shown in the performance graphs in this presentation. Reppond Investments, Inc. reserves the right to trade different funds within their strategies than those reflected in the models shown. You cannot invest directly in a stock market index as these are unmanaged, broadly based indices, which differ in numerous respects from the specific portfolio composition. Dividends and income are included in the index returns. The S&P 500 is a trademarked term of the McGraw Hill Company, and index data was compiled from sources we believe to be reliable, however Reppond Investments, Inc. makes no representations or guarantees with respect to the accuracy or completeness of such data.

Past performance is not indicative of future results. Therefore, no current or prospective client should assume that future performance will be profitable. The historical performance results for indices and index funds used as proxies for indices are provided exclusively for comparison purposes only, so as to provide general comparative information to assist an individual client or prospective client in determining whether the performance of Reppond Investments, Inc.’s strategies meets, or continues to meet, his/her investment objective(s). It should not be assumed that any Reppond Investments, Inc.’s strategy will correspond directly to any such comparative index.

Different types of investments and/or investment strategies involve varying levels of risk. There can be no assurance that any specific investment or investment strategy (including the investment strategies devised or undertaken by Reppond Investments, Inc.) will be profitable for a client’s or prospective client’s portfolio. All performance results have been compiled solely by Reppond Investments, Inc. and are from sources we believe to be reliable. They have not been independently audited or verified.

Returns for the model portfolios reflecting the investment strategies of Reppond Investments, Inc. that are reported through were calculated using the following methods: Monthly return is the return on each investment in the specific model portfolio or strategy. Each investment’s individual return is combined using a weighted average with all of the investments in a model portfolio or strategy. The monthly return is the weighted average of returns and roughly approximates what a portfolio holding those securities would have returned during the reporting period. The annualized return is the geometric mean of the returns with respect to one year. The total return on investment tells the investors the percentage gain or loss on asset based upon the purchase price.

The performance results of Reppond Investments, Inc.’s strategies shown are net of the highest annual fee (1% per year for buy and hold strategies and 1.5% per year for actively managed strategies) and include the reinvestment of interest/dividends and other earnings or adjustments in valuation based on taxation of the investment vehicles. Performance results of the strategies developed by Reppond Investments, Inc. do not reflect the impact of federal or state income taxes a client would pay on gains in a taxable investment portfolio.