Disclosure of Conflicts of Interest and Legal or Disciplinary Events

Pursuant to Municipal Securities Rulemaking Board (“MSRB”) Rule G-42, on Duties of Non-Solicitor Municipal Advisors, Municipal Advisors are required to make certain written disclosures to clients which include, amongst other things, Conflicts of Interest and any Legal or Disciplinary events of Evercrest Advisors, LLC and its associated persons.

 Conflicts of Interest

Evercrest represents that in connection with the issuance of municipal securities, Evercrest may receive compensation from an Issuer or Obligated Person for services rendered, which compensation is contingent upon the successful closing of a transaction and/or is based on the size of a transaction.  Consistent with the requirements of MSRB Rule G-42, Evercrest hereby discloses that such contingent and/or transactional compensation may present a potential conflict of interest regarding Evercrest’s ability to provide unbiased advice to enter into such transaction. This conflict of interest will not impair Evercrest’s ability to render unbiased and competent advice or to fulfill its fiduciary duty to the Issuer.

 Evercrest serves a wide variety of other clients that may from time to time have interests that could have a direct or indirect impact on the interests of another client. For example, Evercrest serves as municipal advisor to other municipal advisory clients and, in such cases, owes a regulatory duty to such other clients. These other clients may, from time to time and depending on the specific circumstances, have competing interests. In acting in the interests of its various clients, Evercrest could potentially face a conflict of interest arising from these competing client interests. Evercrest fulfills its regulatory duty and mitigates such conflicts through dealing honestly and with the utmost good faith with all of its clients.

 The fee paid to Evercrest increases the cost of investment to client.  The increased cost occurs from compensating Evercrest for municipal advisory services provided.

 If Evercrest becomes aware of any additional potential or actual conflict of interest after this disclosure, Evercrest will disclose the detailed information in writing to the Issuer in a timely manner.

 Legal or Disciplinary Events

Evercrest does not have any legal events or disciplinary history on Evercrest’s Form MA and Form MA-I, which includes information about any criminal actions, regulatory actions, investigations, terminations, judgments, liens, civil judicial actions, customer complaints, arbitrations and civil litigation. The Issuer may electronically access Evercrest’s most recent Form MA and each most recent Form MA-I filed with the Commission at the following website: www.sec.gov/edgar/searchedgar/companysearch.html.

 There have been no material changes to a legal or disciplinary event disclosure on any Form MA or Form MA-I filed with the SEC. If any material legal or regulatory action is brought against Evercrest, Evercrest will provide complete disclosure to the Issuer in detail allowing the Issuer to evaluate Evercrest, its management and personnel.