Securities and investment advice offered through Syndicated Capital Inc., a Registered Broker/Dealer and Investment Advisor, Member FINRA & SIPC, 1299 Ocean Avenue, 2nd Floor, Santa Monica, CA 90401, (310) 255-4490. This information is intended for use by residents of CA,HI. Securities related services may not be provided to individuals residing in any state not listed above. Syndicated Capital Inc. and its representatives do not give tax or legal advice. This material is provided for informational purposes only and should not be construed as tax or legal advice. Clients and other interested parties must consult with and rely solely upon their own independent advisors regarding their particular situation and the concepts presented here.

Stephen Kagawa