Employee Stock Ownership Disclaimer

© 2019 J.P. Morgan. All rights reserved. J.P. Morgan is a marketing name for certain businesses of J.P. Morgan and its subsidiaries worldwide (collectively, “JPMC”) and if and as used herein may include as applicable employees or officers of any or all of such entities irrespective of the marketing name used. Products and services may be provided by commercial bank affiliates, securities affiliates or other JPMC affiliates or entities. In particular, securities brokerage services other than those which can be provided by commercial bank affiliates under applicable law will be provided by registered broker/dealer affiliates such as J.P. Morgan Securities LLC, J.P. Morgan Institutional Investments Inc. or by such other affiliates as may be appropriate to provide such services under applicable law. Such securities are not deposits or other obligations of any such commercial bank, are not guaranteed by any such commercial bank and are not insured by the Federal Deposit Insurance Corporation. Not all products and services are available in all geographic areas. Eligibility for particular products and services is subject to final determination by JPMC and or its affiliates/ subsidiaries. J.P. Morgan is not acting as your advisor, agent or fiduciary and no legal relationship between you and J.P. Morgan shall be created by virtue of the information contained in this presentation. This presentation and any discussions relating to this presentation are for your informational and discussion purposes only and should not be relied on by you in any manner. Nothing in this presentation should be construed as a recommendation to enter into or participate in any transaction or adopt any investment strategy, or as legal, tax, regulatory or accounting advice. Nothing in this presentation should be taken to supplant other inquiries and procedures that you should undertake for purposes of investigating any proposed transaction, the financial condition of your company, its future prospects and/or related matters. You should make an independent assessment of such matters in consultation with your own professional advisors in order to make an independent determination of the suitability and consequences of any transaction. J.P. Morgan makes no representation or warranty whatsoever as to the accuracy, completeness or adequacy of the information contained in this presentation. J.P. Morgan disclaims all warranties of accuracy, completeness, merchantability or fitness for a particular purpose with respect to any information contained in this presentation. J.P. Morgan’s opinions and estimates should be regarded as indicative, preliminary and for illustrative purposes only. This presentation is neither a commitment nor an offer to commit, and nothing will be binding unless J.P. Morgan commits in writing after proper internal approvals, which have not been obtained. This presentation does not constitute a commitment by J.P. Morgan to underwrite, subscribe for or place any securities, to extend or arrange credit or to provide any other products or services.

IRS Circular 230 Disclosure: JPMC does not provide tax advice. Accordingly, any discussion of U.S. tax matters included herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone not affiliated with JPMC of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. 170134