Disclosure of Conflicts of Interest and Legal or Disciplinary Events

Pursuant to Municipal Securities Rulemaking Board (“MSRB”) Rule G-42, on Duties of Non-Solicitor Municipal Advisors, municipal advisors are required to make certain written disclosures to clients, including, among other things, conflicts of interest and any legal or disciplinary events of Children First Capital Advisors and its associated persons.

Conflicts of Interest

Children First Capital Advisors (“CFC”) represents that, in connection with the issuance of municipal securities, CFC may receive compensation from an Issuer or Obligated Person for services rendered. Such compensation may be contingent upon the successful closing of a transaction and/or based on the size of a transaction. Consistent with the requirements of MSRB Rule G-42, CFC hereby discloses that such contingent and/or transactional compensation may present a potential conflict of interest regarding CFC’s ability to provide unbiased advice to enter into such a transaction. This conflict of interest will not impair CFC’s ability to render unbiased and competent advice or to fulfill its fiduciary duty to the Issuer.

If CFC becomes aware of any additional potential or actual conflict of interest after this disclosure, CFC will disclose the detailed information in writing to the Issuer in a timely manner.

Other Municipal Advisor Relationships: CFC serves a variety of clients that may, from time to time, have interests that could have a direct or indirect impact on the interests of another CFC client. For example, CFC may serve as municipal advisor to other municipal advisory clients and, in such cases, depending on the client, owes either a fiduciary duty or a duty of care to such other clients just as it does to any of its future clients. These other clients may, from time to time and depending on the specific circumstances, have competing interests. In acting in the interests of its various clients, CFC could potentially face a conflict of interest arising from these competing client interests. CFC fulfills its regulatory duty and mitigates such conflicts by dealing honestly and with the utmost good faith with all of its clients.

Legal or Disciplinary Events

Children First Capital Advisors does not have any legal events or disciplinary history on its Form MA and Form MA-I, which include information about any criminal actions, regulatory actions, investigations, terminations, judgments, liens, civil judicial actions, customer complaints, arbitrations, or civil litigation.

The Issuer may electronically access CFC’s most recent Form MA and each most recent Form MA-I filed with the Securities and Exchange Commission at the following website: http://www.sec.gov/edgar/searchedgar/companysearch.html.

There have been no material changes to a legal or disciplinary event disclosure on any Form MA or Form MA-I filed with the SEC. If any material legal or regulatory action is brought against Children First Capital Advisors, CFC will provide complete disclosure to the Issuer in detail, allowing the Issuer to evaluate CFC, its management, and personnel.

Disclaimer

This disclosure is provided by Children First Capital Advisors pursuant to MSRB Rule G-42. It should be reviewed in conjunction with the most recent filings available on the SEC’s website.