Pay Versus Performance SEC Proxy Disclosures

The trusted professionals at Montgomery Investment Technology, Inc. are industry leaders specializing in the valuation of options and derivative securities. MITI has been performing Share Based Payment valuations for its clients for over 30 years.

The SEC has adopted rules requiring registrants to provide disclosure of pay versus performance. The disclosure is required in proxy or information statements in which executive compensation disclosure is required.

Montgomery Investment Technology is prepared to assist you in complying with the SEC pay versus performance disclosures. We will calculate the year-over-year changes in the fair value of prior year awards that either vested in or remained outstanding at the end of the current fiscal year.

MITI will calculate the mark-to-market fair values of your ASC 718 share-based payment awards. We will apply the same techniques used to calculate the fair value of the annual awards. We are available for a conference call to discuss our suggested strategy and proposal.

We invite you to contact us to discuss your specific requirements. We welcome the opportunity to serve you.