GEOS Global Environmental Opportunities Strategy

Listed equity thematic investment solutions

Black and white document - low environmental impact and minimalistic. For use in one on one presentations only.

How impactful is your portfolio?™

As of December 31, 2016

GEOS

About GEOS

• GEOS is not an ESG strategy – it is a thematic strategy. There is a big difference.• Global, focused small-mid cap strategy; 7+ year track record• $38 mil in strategy AUM; Firm AUM $606 mil (as of 12/31/2016)• Investing in companies that enable sustainability• Public equity alternative to private equity• Broadly recognized as a leader in the impact invest industry

• Constituent of Divest-Invest Clean 15 Portfolio, Croatan Institute• Member of INCR, Ceres network representing more than $14 trillion in assets

GEOS 2

See appendix for additional background on these organizations.

GEOS

Portfolio Managers

Bill Page Rob Uek, CFA

• PM at Essex since 2009• Prior firms: State Street Global, Wellington Management• Journal of Environmental Investment; Better Future Project • MBA, Babson College; B.S., Boston University• History of demonstrated leadership in the impact space• Frequent speaker on impact investing

• PM at Essex since 2009• Prior firms: State Street Global, John Hancock, Ernst & Young• Investment Committee Member, Anatolia College, Greece• M.S., Northeastern University; B.S., Economics, Boston College• Focused on quantifying environmental impact of companies• Managing impact portfolios for 10 years

3

GEOS

GEOS is the opportunity

Everyone’s problem There is a solution

4

GEOS

Universe of Managers

5

ESG Strategies*5,150

Source: *Mercer Global Investment Manager Database (GIMD), Q3 2016. **Hamersley Partners Research

All Strategies*27,300

Thematic Managers**(50)

ESG Strategies

All Strategies

Thematic Managers

Today Tomorrow

GEOS

• Higher agriculture yields• Enhanced resource efficiency

• LED street lighting• Energy efficiency initiatives

• Water infrastructure• Management and treatment

• Production, distribution, storage• Solar, wind, waves, geothermal

• Electric vehicle technologies• Enhanced engine efficiencies

Five Thematic Areas of Focus

Power Technology and Renewables Clean Water

Smart City Agricultural Productivity

6

Efficient Transportation

GEOS

Philosophy – Exploitable Inefficiencies

• Lack of sell-side coverage

• Complex and misunderstood businesses

• Confusion around clean technologies

• Complicated government policies

• Long-term adoption rates

7

GEOS 8

Water quality and filtration

LED technologies

Energy management and assessment

Residential Efficiencies

Electric, gas and water data

GEOS 9

Industrial robotics systems

High performance insulation panels

Industrial Efficiencies

Energy management software

Industrial automation solutions

GEOSGEOS

GEOS Investment Process

10

Thematic Universe

Domain Expertise

Attractive Fundamentals

Portfolio

GEOS

Process – Thematic Universe

11

Global Equities

>100 mil market cap

>25% revenue from themes

FTSE environmental all share

GEOS Universe – 600 stocks

Actively Followed: 100 stocks

GEOS

Process – Domain Expertise

• Positive impact on society• Reduction in emissions

• Environmental technology

• Agricultural productivity

• Low carbon commerce

• Clean water

• Renewable energy production

• Water use reduction

• Resource efficiency

12

GEOS

Process – Attractive Fundamentals

13

Fundamental considerations• Competitive advantage

• Growth projections

• Capital allocation & ROIC

• Cash flow and margin analysis

• Valuation and growth screens

• P/S, P/E, P/B, EV/EBITDA, P/CF

• Sales, profits, EPS

GEOS

Portfolio Construction

14

• 35-45 stocks

• 100 million minimum market cap

• 2-3% average portfolio weight

• 9 themes for diversification

• Sell discipline – loss of conviction

• Geographic diversification

US57%

Europe20%

Canada9%

Japan9%

Other 7%

Geographic distribution

GEOSGEOS

GEOS Portfolio

15

Areas of Focus % of port

Smart City 35.7%

Agricultural Productivity 11.5

Power Technology and Renewables 27.1

Efficient Transportation 12.1

Clean Water 13.6

Total 100.0

Geographic Breakdown % of port

US 56.5%

Japan 8.9

Canada 7.5

United Kingdom 6.6

Israel 4.6

Austria 3.6

Other (India, Germany, Ireland, Switzerland,

Netherlands)

12.3

Total 100.0

Holdings as of December 31, 2016

• Available in separate account, commingled fund, ADR-only, and mutual fund (soon)• Customized solutions are available

GEOS

Portfolio Characteristics

GEOS MSCI WorldWilderhill Clean

Energy Index (ECO)Universe

Wt. Avg. Market Cap ($M) 15,316 106,272 3,722 364,004

Median Market Cap ($M) 2,318 15,886 699 1,710

Dividend Yield (%) 1.3% 2.5% 1.3% 0.2%

Price/Earnings 23.7 19.6 11.6 22.4

Price/Cash Flow 17.3 10.5 10.0 12.4

Price/Book 3.7 2.2 1.3 1.6

Price/Sales 1.4 1.5 0.6 1.8

ROE (%) 26.1% 21.0% 5.1% 9.0%

(as of December 31, 2016)

16

Source: Bloomberg

GEOS

Where do thematic managers fit in Asset Allocation?

17

Listed-equity impact investing

Complements private equity clean tech

Thematic equity strategy Fossil fuel divest-invest

Mission-based investment

Infrastructure exposure

Alpha Complement to ESG StrategiesCommodity substitute

Source: Hamersley Partners Research

GEOS

Investor Feedback

• “We use GEOS as a complement to our ESG portfolio”

• “Our clients want to leave a legacy and make a sustainable impact through GEOS”

• “The portfolio managers at GEOS are truly domain experts”

• “GEOS is a substitute for our commodity allocation and reduces the overall portfolio volatility”

18

GEOS

Essex Investment Management

• Boston based investment manager

• $606 mil AUM (as of 12/31/2016)

• Focused on dynamic growth opportunities

• 100% employee owned

19

GEOS

Appendix

20

GEOS

Holdings diversified across nine themes at 12/31/16

The GEOS representative account has been selected on the basis that its investment objective, historical performance record, and growth characteristics are consistent with those accounts in the GEOS composite. The portfolio's trades are executed in accordance with all other accounts in the composite. The representative account is

fully discretionary. This information is Supplemental Information and is intended to complement the attached fully compliant presentation that adheres to the Global Investment Performance Standards (GIPS®).

21

% of % of

Company Name Port Company Name THEME Port

AGRICULTURAL PRODUCTIVITY & CLEAN FUELS 9.10% ENVIRONMENTAL FINANCE 4.90%

RAVEN INDUSTRIES INC 3.60% HANNON ARMSTRONG SUST INFR C 2.60%

TRIMBLE NAVIGATION LTD 2.90% PATTERN ENERGY GROUP INC 2.30%

POTASH CORP SASK INC 2.60%

LOW CARBON COMMERCE 1.70%

CLEAN TECH & EFFICIENCY 39.70% SGS SA-REG (4824778) 1.70%

ACUITY BRANDS INC 3.50%

ZUMTOBEL GROUP AG (B13WZ26) 3.40% POWER MERCHANTS & GENERATION 2.40%

FANUC CORP (6356934) 3.20% AZURE PWR GLOBAL LTD 2.40%

PHILLIPS LIGHTING NV (BYY7VY5) 3.20%

DIALIGHT (3305779) 3.10% POWER TECHNOLOGY 10.00%

GENERAL ELECTRIC CO 2.90% ITRON INC 4.40%

TORAY IND INC (6897143) 2.80% SILVER SPRING NETWORKS INC 2.20%

JOHNSON CTLS INTL PLC 2.80% PSI AG (5522714) 2.10%

LUMENPULSE INC (BLM7FC2) 2.80% MAXWELL TECHNOLOGIES INC 1.30%

KEYENCE CORP (6490995) 2.40%

HUDSON TECHNOLOGIES INC 2.20% RENEWABLE ENERGY 5.50%

KINGSPAN GRP PLC (4491235) 2.20% FIRST SOLAR INC 2.30%

COGNEX CORP 2.00% TPI COMPOSITES INC 1.80%

BIOAMBER INC 1.70% SOLAREDGE TECHNOLOGIES INC 1.40%

REAL IND INC 1.50%

WATER 12.80%

EFFICIENT TRANSPORT 8.20% XYLEM INC 3.00%

DELPHI AUTOMOTIVE PLC -REDH 3.10% ENERGY RECOVERY INC 2.60%

MOBILEYE N V AMSTELVEEN 2.90% FLOWSERVE CORP 2.60%

BORGWARNER INC 2.20% BADGER METER INC 2.50%

WATTS WATER TECHNOLOGIES INC 2.10%

US DOLLARS 5.60%

GEOSGEOS

Portfolio Exposure by Areas of Focus

2231

4249

39 4232

41 23

15

2029 26

30

17

24 20

11 11 15

14

11

7 67 9

13

14

816 18 13 12

311

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2010 2011 2012 2013 2014 2015 2016

GEOS Breakdown by Areas of Focus

Smart City Power Technology and Renewables Clean Water Efficient Transportation Agricultural Productivity

22Holdings as of December 31, 2016

GEOSGEOS

Growth in AUM over time

0

10

20

30

40

50

60

2010 2011 2012 2013 2014 2015 2016

Assets Under Management

23

($ millions)

Current clients: Endowments, Foundations and Family Offices

2016 AUM as of December 31, 2016

GEOS

Fee Schedule

• 1.0% on the first $10 million

• 0.9% on the next $10 million

• 0.8% on the excess of $20 million

• Separate account minimum: $1 million

24

GEOS

Essex GEOS Performance

QTD YTD1 Year

(Annualized)3 Year

(Annualized)5 Year

(Annualized)SINCE INCEPTION*

(Annualized)

SINCE INCEPTION* (Cumulative)

Total Portfolio (Gross)

-3.6% 1.5% 1.5% -2.8% 7.3% 7.3% 69.1%

Total Portfolio (Net) -3.8% 0.5% 0.5% -3.75% 6.3% 6.2% 57.0%

MSCI World Index2.0% 8.2% 8.2% 4.4% 11.0% 11.1% 120.6%

Wilderhill Clean Energy Index(w/o income)

-4.8% -22.1% -22.1% -16.6% -5.4% -11.8% -61.0%

Portfolio Performance - Composite Returns as of 12/31/2016

• *Inception (7/01/09)

• Gross performance results presented are net of transaction costs, withholding taxes and direct expenses, but before management fees, custody fees and other indirect expenses. Net performance results are presented net of the maximum applicable management fees, transaction

costs, withholding taxes and direct expenses, but before custody fees and other indirect expenses

• Net performance results are presented net of the maximum applicable management fees, transaction costs, withholding taxes and direct expenses, but before custody fees and other indirect expenses.

• The performance of the portfolios comprising the composite may have been affected significantly by material market and economic conditions, including interest rates, market trends and general business conditions, which may or may not be repeated in the future.

• Past performance is not indicative of future results.

• Please see the attached fully compliant presentation that adheres to the Global Investment Performance Standards (GIPS®)

• Benchmarks:. The MSCI World Index Total Return Gross is a global benchmark that includes reinvestment of dividends and it is quoted in USD. The index is a free float weighted equity index composed of companies representative of the market structure of 23 developed market

countries in North America, Europe, and the Asia/Pacific Region. It does not include emerging markets. An index is unmanaged and cannot be invested in directly. The Wilderhill Clean Energy Index is a modified equal dollar weighted index comprised of publicly traded companies

whose business’s stand to benefit substantially from societal transition toward the use of cleaner energy and conservation. An index is unmanaged and cannot be invested in directly.

25

GEOS

Essex GEOS GIPS Composite

Period Gross Return (%)

Net Return (%)

BenchmarkReturn (%)

Number of Portfolios

Total Composite Assets(USD Millions)

Total Firm Assets(USD Millions)

Composite Assetsas a % of

Total Firm Assets DispersionComposite 3yrYr %) Standard Deviation

Benchmark 3Yr (%) Standard Deviation

2009 20.2 19.6 22.5 ≤ 5 $0.5 $1,930 0.0% - - -

2010 6.4 5.4 12.3 ≤ 5 $0.6 $1,470 0.0% - - -

2011 -7.1 -8.0 -5.0 ≤ 5 $2.6 $1,058 0.2% - - -

2012 6.3 5.3 16.5 ≤ 5 $4.4 $612 0.7% - 22.3 16.7

2013 45.7 44.3 27.4 9 $10.3 $740 1.4% - 16.7 13.5

2014 -8.0 -8.9 4.3 17 $18.9 $683 2.8% 1.0 14.2 10.2

2015 -1.6 -2.6 -0.3 29 $32.0 $677 4.7% 0.6 14.6 10.8

July 1, 2009 through December 31, 2015

“Essex Investment Management Company, LLC (“Essex”) claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Essex has been independently verified for the periods January 1, 1993 through December 31, 2015.

Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm's policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. The Global Environmental Opportunities

Strategy (GEOS) composite has been examined for the periods July 1, 2011 through December 31, 2015. The verification and performance examination reports are available upon request.“

Notes:

1. Organization: Essex Investment Management Company, LLC (“Essex”) is an independently owned investment management firm founded in 1976. Essex is a registered investment adviser with the SEC. The firm offers investment management services to individuals, institutional investors, separately managed sub-advisory account programs, and sub-advisory management services to mutual funds. When used herein, the term Essex also refers to the firm’s predecessor, Essex Investment Management Company, Inc. On January 1, 2005, the Burridge Growth Partners division of the former The Burridge Group LLC merged with Essex. Burridge Growth Partners’ portfolio manager, analysts and investment decision making process remained in tact and its separately managed accounts continued under Essex’s management.

2. Composite Definition: This composite includes all actual, fee-paying and fully discretionary accounts managed by Essex to seek capital appreciation by investing in a global, all-cap strategy providing diversified exposure to companies that can benefit from climate change action. The use of leveraging, short positions and derivatives has not been used by any of the accounts. The composite was created on June 30, 2009 and has an inception date of June 30, 2009.

3. Benchmark: The MSCI World Index Total Return Gross is a global benchmark that includes reinvestment of dividends and it is quoted in USD. The index is a free-float weighted equity index composed of companies representative of the market structure of 23 developed market countries in North America, Europe, and the Asia/Pacific Region. It does not include emerging markets. An index is unmanaged and cannot be invested in directly. Prior to November 2011, Essex used the MSCI World Index which did not include reinvested dividends. However, Essex in its footnote disclosure stated the MSCI World Index did include reinvested dividends. In November 2011, Essex switched the benchmark from MSCI World Index to MSCI World Index Total Return Gross. Benchmark returns are not covered by the report of independent verifiers.

4. Dispersion & Standard Deviation: Essex uses an asset-weighted standard deviation calculation to measure dispersion. Only portfolios that are included in the composite for the entire year have been included in the dispersion calculation; it is not presented for periods less than one year or when there are five or fewer portfolios in the composite. The three-year annualized standard deviation measures the variability of the composite and the benchmark returns over the preceding 36 month period. Prior to 12/31/12, the three-year annualized standard deviation was not shown for this composite because there were not three years of returns.

5. Fees: The standard advisory fee is: For all accredited investor accounts 1.0% on all assets. Essex’s standard advisory fee schedules are described in its Part II of Form ADV. The above net returns are based on a model 1.0% advisory fee which is applied monthly to calculate the net performance numbers.

6. Calculation Methodology: Gross performance results presented are net of transaction costs, but before management fees, custody fees and other indirect expenses. Net performance results are presented net of the maximum applicable management fees, transaction costs, withholding taxes and direct expenses, but before custody fees and other indirect expenses. This composite does not incur any performance-based fees. Composite returns include the reinvestment of income and class action proceeds, if applicable. Actual returns will be reduced by investment advisory fees. Investment advisory fees are generally collected quarterly, which produces a compounding effect on the total rate of return net of management fees. As an example, the effect of investment advisory fees on the total value of a client’s portfolio assuming $1,000,000 investment, portfolio return of 10% a year, and a 1.0% annual investment advisory fee would be $10,577 in the first year, and cumulative effects of $63,180 over five years. The five year compounded gross rate of return of 61.1% would be reduced to 53.2% after taking into account advisory fees. The actual fee charged to an individual account may differ from the standard schedule depending on a number of factors including account type and size.

7. Other Matters/Disclosures: A complete list and description of the firm's composites are available upon request. Additional information regarding the firm's policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. Clients or prospective clients should not assume they will have an investment experience similar to that indicated by the past performance results of the composite. Valuations and returns are computed and stated in U.S. Dollars. Past composite performance is not necessarily predictive of how an investors' individual account will perform. Whenever the potential for profit exists, there is also the potential for loss. This document has been approved for use in one-on-one presentations only and Essex requires that third party consultants provide this performance information and the related disclosures only in one-on-one presentations. Registration as an investment adviser with the SEC does not imply a certain level of skill or training. Such registration in no way implies that the Securities and Exchange Commission approves or endorses Essex, its strategies, or any of its marketing materials.

26

GEOSGEOS

Common Benchmark Performance Comparisons

2011 2012 2013 2014 2015 2016

GEOS (Net) -8.0% 5.3% 44.3% -8.9% -2.6% 0.5%

MSCI World Index -5.0% 16.5% 27.4% 5.5% -0.3% 8.2%

Wilderhill Clean Energy Index -50.7% -18.6% 57.9% -17.2% -10.7% -22.1%

S&P Goldman Sachs Commodity -1.2% 0.1% -1.2% -33.1% -32.9% 11.4%

FTSE Environmental All Share -13.6% 16.4% 31.7% -0.1% -2.0% 11.6%

FTSE Global Core Infrastructure 50/50 7.1% 14.0% 14.3% 16.2% -8.1% 11.8%

MSCI World Industrials Index -7.6% 16.3% 32.3% 1.4% -1.5% 13.5%

27

The holdings of the client portfolios in our composites may differ significantly from the securities that comprise the index shown. The indices have been selected to represent what Essex believes is an appropriate benchmark to compare the composite performance to. Please see the following page for a definition of all indices listed in this brochure. The actual performance achieved by a client portfolio may be affected by a variety of factors, including the initial balance of the account, the timing and amount of any additions to or withdrawals from the portfolio, changes made to the account to reflect the specific investment needs or preferences of the client, duration and timing of participation as an Essex client, and a client portfolio’s risk tolerance, investment objectives, and investment time horizon. Consultant’s use of Performance Data: Any use of Essex’s performance data, in other than one-on-one client presentations, should be accompanied by additional disclosures relating to gross versus net performance

GEOS

Disclosures have evolved over time

28

1934SEC

1973FASB

2011SASB

2010SEC Climate Change Disclosure

Investor Disclosure

Accounting Disclosure

Climate Disclosure

Sustainability Accounting Standards

1887AICPA

American Institute of CPAs

(accountants)

1947CFA Institute

Financial Analysts

Source: Hamersley Partners Research

GEOS

ESG and non-ESG strategies - large cap, household names

29

Fund 1 Fund 2 Fund 3

$14.4B $1.9B $900M

Wells Fargo Apple Verizon

Gilead Sciences American Tower Corp Merck

Apple Microsoft Microsoft

Danaher Corp Johnson & Johnson Intel Corp

Charles Schwab Chubb Ltd PepsiCo

Intel Corp Qualcomm Amazon

Walt Disney Zoetis Inc. Prudential

UPS Inc. Occidental Petroleum Cummins

Praxair Inc. Alphabet Gilead Sciences

CVS Health Corp PepsiCo Edwards Lifesciences

Source: Morningstar, Q3 2016. Accessed on December 1, 2016. http://ibd.morningstar.com/article/article.asp?id=632201&CN=brf295,http. Excludes cash and index fund holdings.

Fund 1 Fund 2 Fund 3

$147.0B $32.6B $14.8B

Amazon Amazon Apple

Broadcom Facebook Facebook

Home Depot Alphabet C Alphabet A

United Health Priceline Group Alphabet C

Microsoft Visa Berkshire Hathaway B

EOG Resources Microsoft JP Morgan Chase

Amgen MasterCard Visa

Alphabet Alphabet A MasterCard

Netflix Danaher Corp Home Depot

Facebook Alibaba Group Chevron Corp

Top 10 holdings: ESG Managers Top 10 holdings: non-ESG Managers

GEOS

MSCI vs. MSCI ESG Performance

30

2013 2014 2015 3 year 5 year

MSCI World 27.36% 5.50% -0.32% 6.44% 12.27%

MSCI World ESG 28.22% 5.42% -0.55% 6.34% 12.12%

Source: eVestment Database, December 2, 2016. Hamersley Partners Research

GEOS

ESG vs. Thematic Managers

31

ESG (5,150) Thematic (50)

Emphasis ESG integration Targeted themes

Portfolio holdings Using impact solutions Creating impact solutions

Number of holdings Diversified Concentrated

Benchmarks Standard, broad benchmarks Lacking benchmarks

Screening Negative screens Positive screens

Volatility Lower volatility Higher volatility

Supply of managers Plenty of supply Limited supply

Sector exposure All or most One or few

Asset allocation Core (Beta) Satellite (Alpha)

Cap bias Large Small and Mid

Source: ESG: Mercer Global Investment Manager Database (GIMD), Q3 2016. Thematic: Hamersley Partners Research

GEOS

GEOS as an Industry Leader• Ceres - Investor Network on Climate Risk : Network of financial market participants that integrate sustainability into

investment decision-making, corporate practices and public policy, thereby improving environmental, social and economic outcomes. GEOS has engaged and educated INCR members regarding climate solutions in listed equities.

• Collaboration Capital: GEOS provides investment solutions to Perigon Wealth Management’s social impact investment arm, Collaboration Capital.

• CDP: Essex Investment Management has been a signatory of the CDP for seven years. GEOS leverages CDP’s global disclosure system for information on environmental technologies when making investment decisions. CDP enables companies, cities, states and regions to measure and manage their environmental impacts.

• Croatan Institute: GEOS PMs have provided leadership to Croatan Institute’s efforts to advance social and environmental research and engagement. Essex is a founding sponsor of the Croatan Institute.

• Divest Invest Clean Fifteen: GEOS is a founding consortium member of the Clean 15 which incorporates 15 sustainable investment strategies across five major asset classes.

• iPAR: GEOS is iPAR certified and utilizes the proprietary metrics to report environmental impact of the companies in its portfolio. iPAR is a CapRock initiative.

32

GEOSGEOS

Important DisclosuresThis presentation is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. The opinions and analyses expressed in this presentation commentary are based on Essex Investment Management LLC’s (“Essex”) research and professional experience, and are expressed as of the date of its release. Certain information expressed represents an assessment at a specific point in time and is not intended to be a forecast or guarantee of future results, nor is intended to speak to any future periods. Accordingly, such statements are inherently speculative as they are based on assumptions that may involve known and unknown risks and uncertainties.

This does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product, nor does it constitute a recommendation to invest in any particular security. An investment in securities is speculative and involves a high degree of risk and could result in the loss of all or a substantial portion of the amount invested. There can be no assurance that the strategy described herein will meet its objectives generally, or avoid losses. Essex makes no warranty or representation, expressed or implied; nor does Essex accept any liability, with respect to the information and data set forth herein, and Essex specifically disclaims any duty to update any of the information and data contained in the commentary. This information and data does not constitute legal, tax, account, investment or other professional advice. Essex being registered by the SEC does not imply a certain level of skill or training.

Hamersley Partners, LLC serves as an independent sales and marketing representative for Essex Investment Management. Hamersley is compensated for its services by Essex in the form of a quarterly retainer fee of $30,000, and a percentage of the investment management fees on assets placed under management with Essex as a direct result of their efforts. No additional amount is added to Essex’s investment advisory fees as a result of any Hamersley role in the solicitation of new business. This information is provided in accordance with the requirements of Rule 206(4)-3 under the Investment Advisers Act of 1940.

33

GEOS

Contact information and disclosurePortfolio Management

William Page & Robert Uek

Essex Investment Management Company, LLC

125 High Street, Boston, MA 02110

(617) 342-3200

wpage@essexinvest.com

ruek@essexinvest.com

Sales & MarketingPeter Pavlina, Michael Wren & Kanwar Singh

Hamersley Partners, LLC

1 Hollis Street, Wellesley, MA 02482

(781) 235-3235

ppavlina@hamersleypartners.com

mwren@hamersleypartners.com

ksingh@hamersleypartners.com

Disclosure: Hamersley Partners, LLC serves as an independent sales and marketing representative for Essex Investment Management. Hamersley is compensated for its services by Essex in the form of a quarterly retainer fee of $30,000, and a percentage of the investment management fees on assets placed under management with Essex as a direct result of their efforts. No additional amount is added to Essex’s investment advisory fees as a result of any Hamersley role in the solicitation of new business. This information is provided in accordance with the requirements of Rule 206(4)-3 under the Investment Advisers Act of 1940.

34