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Disclaimers and Disclosure
The opinions expressed in this report are the true opinions of the analyst about this company and industry. Any “forward looking statements” are our best estimates
and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or
correctness. There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. “FRC” does not
own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business
with the subject company. Fees were paid by INX to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to
ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct.
Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability
for negative reports are protected contractually. To further ensure independence, INX has agreed to a minimum coverage term including an initial report and three
updates starting with this report. Coverage can not be unilaterally terminated. Distribution procedure: our reports are distributed first to our web-based subscribers
on the date shown on this report then made available to delayed access users through various other channels for a limited time. The performance of FRC’s research is
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