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Office: (303) 860-1234

6500 So Quebec Street

Suite 300

Englewood, CO 80111

Licensed in:: CO, ,AZ, ID, HI, UT,ID,ND,NM,TX, CA: OE69361

success@jpmorand.com

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Disclaimer: JPMorand & Company is a Trade Name (DBA) of Jeffrey P. Morand. Advisory services are offered through SB Advisory, LLC. SB Advisory, LLC is a Registered Investment Adviser with the United States Securities and Exchange Commission (SEC). Securities and brokerage services are offered through San Blas Securities, LLC. San Blas Securities, LLC is a broker-dealer registered with the SEC and is a member of the Financial Industry Regulatory Authority (FINRA). Investing involves risk, and past performance is no guarantee of future results. For additional important information regarding our Firm, visit: www.sanblassecurities.com/disclosures.

"San Blas Securities, LLC requests that you do not transmit orders by e-mail. Transaction details sent to you by email do not supersede normal trade confirmations or statements. The information contained in this transmission is privileged and confidential. It is intended for the use of the individual or entity named above. The information contained herein is based on sources we believe reliable, but is not considered all-inclusive. San Blas Securities, LLC, member FINRA / SIPC, is a registered broker-dealer. Securities offered through San Blas Securities, LLC are NOT FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE VALUE. Please contact your Financial Advisor for information regarding specific investments. San Blas Securities, LLC reserves the right to monitor all electronic correspondence. This communication is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities in the Company or any related or associated company. Any such offer or solicitation will be made only by means of the Company's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws."