Emerald Advisers, Inc. (“EA LLC”) is a registered investment adviser investing our client’s assets primarily in U.S. domestic equity securities. Our investment strategies include small, mid and capitalization stocks. Emerald has been providing discretionary advisory services to institutional, governmental, trusts, estates, charitable and high net worth individuals since it was founded in 1991. EA LLC is a wholly-owned subsidiary of Emerald Asset Management PA, LLC. Emerald Asset Management PA, LLC is owned by Emerald Asset Management Inc. and an affiliate of the 1251Capital Group Inc. As of December 31, 2019, EA LLC had approximately $2.4 billion in discretionary assets under management. Advisory Services: For EA LLC’s Small capitalization growth products we seek to maximize returns and minimize risks by capitalizing on the inefficiencies inherent in today’s small cap markets. Our Small Cap Growth product objective is to outperform its Russell Growth Index benchmark by investing in companies with the following attributes: Capitalization less than or equal to the largest in the Russell 2000. Competitive advantages Leadership position Growth rate exceeds peer group Differentiated growth drivers Our Mid Cap Growth product seeks to maximize returns and minimize risks by capitalizing on the inefficiencies inherent in today’s mid-cap markets. Our Mid Cap Growth product objective is to outperform its Russell Mid Cap Growth benchmark by investing in companies with the following attributes: Capitalization less than or equal to the largest Russell Mid Cap Growth company Competitive advantages Increasing ROIC Leadership position Growth rate exceeds peer group Differentiated growth drivers Our All Cap product seeks long-term capital appreciation, through active portfolio management, by investing in large, mid and small capitalization growth companies. This product strives to own the best investment ideas emanating from the deep research effort of our analyst and portfolio management teams. This product has the flexibility to invest anywhere along the market capitalization spectrum and pick from all corners of the equity growth

universe. This product is dedicated to owning a subset of the market’s most rapidly growing and well-run companies, irrespective of market capitalization. Our Small Cap Value product invests in domestic small cap value equities with a market capitalization range of approximately $150 million to $2.5 billion at the time of investment. Emerald Small Cap Value philosophy is to own companies that are statistically cheap, generate great amounts of free cash flow and possess catalysts for improved operating performance that are not properly discounted by the market. The Smallcap, Midcap and Allcap products will include some form of general economic overview, but will concentrate more heavily on fundamental, bottom-up research to identify unrecognized, under-researched companies and their suitability for our client’s objectives. We will review a company’s annual report, 10-k filings and other published information gained from news sources, brokerage reports and recommendations. Whenever possible we will seek to discuss a particular company with its senior management, employees, customers, competitors and brokerage researches who specifically follow that company or its industry. In-person visits with company management are desirable whenever possible. For EA LLC’s Diversified Financial Services product, through our stock selection process, provides a broad industry mix of financial stocks resulting in diversification within the financial sector. With fewer industry analysts covering community banks, portfolio management seeks to capitalize on undervalued and under-researched opportunities. This product has a growth stock orientation as portfolio management seeks growing companies in a traditional value sector. The selection process incorporates a focus on high asset quality and attractive valuation along with the following key factors: Smaller market capitalization Strong earnings growth Strong management & execution Attractive valuations Growth rate exceeds peer group EA LLC may accept client imposed restrictions in our investment adviser accounts. Certain restrictions such as no tobacco or adherence to MacBride principals are accepted.