FERRETTI GROUP, INC.

77 WATER STREET, SUITE 1604
NEW YORK, NY 10005

NYSE RULE 108

Please consider this notification pursuant to New York Stock Exchange Rule 108. It is the general policy of Ferretti Group, Inc. to allow specialists to trade on parity with a customer order for some or all of the executions entered into to fill the customer order, provided that our execution is consistent with the firm’s best execution obligations. Unless we receive a duly executed letter from you firm objecting to this policy, executions on your behalf will be consistent with this policy.