Maple Capital Management, Inc. (“Maple Capital”) is an SEC registered investment adviser located in Montpelier, Vermont.

Maple Capital and its representatives are in compliance with the current filing requirements imposed upon SEC registered investment advisers by those states in which Maple Capital maintains clients. Maple Capital may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements.

Maple Capital’s web site is limited to the dissemination of general information pertaining to its advisory services. Accordingly, the publication of Maple Capital’s web site on the Internet should not be construed by any consumer and/or prospective client as Maple Capital’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Maple Capital with a prospective client shall be conducted by a representative that is either registered or qualifies for an exception or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Maple Capital, please contact the SEC or the state securities law administrators for those states in which Maple Capital maintains a notice filing. A copy of Maple Capital’s current written disclosure statement discussing Maple Capital’s business operations, services,and fees is available from Maple Capital upon written request.