DISCLOSURES

(1) Emeth Value Capital, LLC and its investment advisor representatives are registered to do business in the state of Louisiana and Texas, or otherwise are exempt from registration due to the de minimis rule.

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(2) Emeth Value capital, LLC and its investment advisor representatives will only communicate with individuals and/or transact business in states that the firm or its investment advisor representatives are registered or exempt from registration.

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(3) Communication with clients or prospective clients is with investment advisors representatives of Emeth Value Capital, LLC, and the firm is aware of such activity.