John White Iii

Mr. White is the President of and Corporate Secretary for the closely held White Armature Works, Inc. of Mallory, WV; an activity that involves up to 85% of his time each month, including during traditional business hours. He is also an LLC Member for JW Repair and Sales LLC of Man, WV; an activity that involves less than 10% of his time each month, including during traditional business hours. Mr. White is also a Managing Member of Appalachian Pump Service LLC, a mining water pump repair company. This activity amounts to less than 10% of his time each month. No advisory firm clients are investors in, solicited on behalf of, or served by these two companies; therefore, our advisory firm does not believe these activities present a conflict of interest with its clients.