Any advice is limited to the conclusions specifically set forth herein and is based on the completeness and accuracy of the stated facts, assumptions and/or representations included. In rendering our advice, we may consider tax or other authorities that are subject to change, retroactively and/or prospectively, and any such changes could affect the validity of our advice. We will not update our advice for subsequent changes or modifications to the laws and regulations, or to the judicial and administrative interpretations thereof. The advice or other information given was prepared for the sole benefit of WS Global Capital, WS Global Capital’s clients and may not be relied upon by any other person or organization. WS Global Capital accepts no responsibility or liability in respect of this document to any person or organization other than WS Global Capital’s intended client.