The Pangburn Group is comprised of four entities, each providing a unique set of services.

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2 The Pangburn Group is comprised of four entities, each providing a unique set of services. The Pangburn Company The Pangburn Company was established in 1996 by Wayne and Brian Pangburn in response to the demand for fee-based plan administrative services in the nonqualified executive benefit marketplace. We are one of the few privately-owned, fee-for-service, nonqualified executive benefit plan third party administrators (TPA) operating on a national basis. Client plans range from simple one-life split dollar plans in small closely-owned businesses to multi-hundred life defined contribution plans in Fortune 500 companies. We combine experience with technology to bring state-of-the-art plan administration and recordkeeping to our clients. As a TPA, we have formed a number of strategic alliances with major life insurance carriers, mutual fund wholesalers, accounting firms, banks, producer groups, brokerage houses, and executive benefit specialists. Together with The Pangburn Group we were successful in implementing yet another plan and it went off without a hitch! The Pangburn Group was easy to work with and made the set up from plan documents to enrollment as smooth as possible. Liza Gutierrez Wilhite, GBA Lockton Financial Advisors, LLC 1642 Blaise Pascal creates a gear-driven adding machine called the Pascalene, the first mechanical adding machine A linked sequence of punched cards controls the weaving of patterns in Joseph-Marie Jacquard s loom The Thomas Arithmometer becomes the first mass-produced calculator. THE PANGBURN GROUP pangburngroup.com

3 TPC Consulting TPC Consulting, a subsidiary of The Pangburn Group, was formed in 2004 and is an independent, privately-owned provider of consulting and risk management services to financial institutions that have purchased or are contemplating the purchase of Bank Owned Life Insurance (BOLI). We are a fee-for-service provider and do not participate, directly or indirectly, in the sale of life insurance, mutual funds, or other financial products. We offer financial institutions an unbiased analysis of their BOLI holdings and are in a unique position, together with The Pangburn Group, to assist with the implementation and/or post-sale assessment of risk management programs. We also provide financial institutions sponsoring nonqualified executive benefit plans and BOLI programs with comprehensive state-of-the-art plan administration platforms. The unique business model and private ownership structure allow us to directly respond to the regulatory agencies concerns regarding vendor-supplied compliance information: An institution should be aware that the vendor s financial benefit from the sale of insurance may provide the vendor with an incentive to emphasize the benefits of a BOLI purchase to the institution without a commensurate explanation of the associated risks. Therefore, reliance solely upon pre-packaged, vendor-supplied compliance information does not demonstrate prudence with respect to the purchase of insurance. Interagency Statement on the Purchase and Risk Management of Life Insurance OCC Bulletin (December 7, 2004) In my 29 years at the bank, The Pangburn Group ranks #1 in service and knowledge. Anita Florek, Bank of Smithtown, Smithtown, NY Pangburn Technology Established in 2007 and partnered with The Pangburn Group, our technology entity provides unique software solutions for financial services providers. Services include: custom carrier data feed parsers, data feed transformations, custom report development, Linux solutions, database GUI tools for Java, and custom applications/ software for the financial services industry. TPC Actuarial Also, established in 2007 and partnered with The Pangburn Group, our actuarial consulting entity assists with the preparation of nonqualified defined benefit actuarial reports, validation of assumptions, assumption sensitivity analyses, audit support, and one-off actuarial project support Charles Babbage, Father of the Computer, builds the Difference Engine to compute entries in navigation tables Konrad Zuse creates the world s first 1944 binary digital computer, the Z1. The Harvard Mark 1 is the first machine to execute long computations automatically. It was more than fifty feet long, eight feet high, and weighed almost five tons.

4 Why The Pangburn Group? Independently owned and operated Proven business model that has withstood the test of time High-Tech and High-Touch Very reasonable fees and fee history Financially sound Comprehensive business continuation and disaster recovery plans No direct affiliation with life insurance companies or other financial institutions No conflicts of interest Flexibility to work with any insurance carrier and/or insurance vendor We complement rather than compete with product vendors services Administrative service cements the client relationship and is the bond of persistency. We consider The Pangburn Group an essential and integral partner in all phases of our business. The Pangburn Group consistently engenders a superb client experience. Steve Worthy and Max Hockenberry, MaxWorth Consulting Group, LLC 1952 On television, a Univac I predicts the outcome of the presidential election and expands the public consciousness regarding computers Digital Equipment s PDP-1 was the precursor 1965 to the microcomputer ($120,000). Digital Equipment s PDP-8 became the first commercially successful microcomputer. THE PANGBURN GROUP pangburngroup.com

5 This was one of the smoothest, fastest nonqualified deferred compensation cases we have ever done. Your technical and design expertise was invaluable. Joe Chenoweth, CLU, ChFC, AEP Ackley Financial Group Advantages of an unbundled approach to service Provides clients with best in-class services Concentration results in increased market knowledge and capability Offers clients diversified business risk versus single provider models Deeper domain expertise results in higher quality services Complete fee transparency Rapid responses to the market and regulatory compliance needs Flexibility to develop services tailored to a particular client or clients Proprietary state-of-the-art software platform Single database for all administrative platforms Automated carrier, mutual fund, and contribution data feeds Web-based support for both participants and plan sponsors Systems developed using Java Enterprise technology (J2EE) Systems are sophisticated, flexible, and reactive Commitment to ongoing investment in technical infrastructure Exclusively focused on recordkeeping, administrative, and consulting services Core business Continued emphasis on improving and expanding services Every client has a dedicated support team Highly educated and experienced staff (see backgrounds on website) Consistently ranked in the top five by number of plans by Plan Sponsor Magazine 1971 Kenbak I, the first personal computer ($750) Osborne 1, the first portable computer (24 lbs., $1,795). Introduction and widespread adoption of IBM Personal Computers and DOS enable the effective development and marketing of custom business software.

6 The Six Core Components of Quality Plan Administration: I. ACCOUNTING FOR BENEFITS AND INFORMAL FUNDING Clients are provided Suggested General Ledger Entries, calculated with daily accuracy, to properly record plan assets and liabilities based on exact fiscal periods and agreed to actuarial assumptions. We will assist clients with operational VI. COMMUNICATING PLAN BENEFITS Complex executive benefit plans are only effective if properly communicated to plan participants. To that end, participants will receive customized benefit statements as well as toll-free access to dedicated account managers responsible for their particular plan. Many plan designs also allow participants and sponsors online access to account values, II. REGULATORY COMPLIANCE and documentary compliance with special focus on applicable Internal Revenue Code sections [IRC 409A for for-profit businesses and IRC 457(f) for notfor-profit organizations]. automated enrollment, and assistance with asset-liability rebalancing. V. CONSULTING WITH ADVISORS The Pangburn Group serves as an experienced and unbiased resource to the client s legal, accounting, and professional financial advisors. IV. USEFUL MANAGEMENT INFORMATION III. DETAILED HISTORICAL RECORDS Plan sponsor management will be provided with periodic reports to assist with the analysis of past, present, and future plan performance. Clients, auditors, and/or regulators will have access to detailed records of all prior period accounting entries and associated financial transactions. THE PANGBURN GROUP pangburngroup.com

7 THE PANGBURN GROUP OUR MISSION: To provide clients accurate and useful information, on a timely basis, at a reasonable cost. pangburngroup.com

8 THE PANGBURN GROUP 301 Major Parkway P.O. Box 900 New Roads, LA PH: FX: EM: WS: pangburngroup.com SSAE 16 Audit: Since 2007, The Pangburn Group has annually completed an American Institute of Certified Public Accountants (AICPA) SAS 70 Type II examination, and the successor standard of SSAE 16 Type II, conducted by NDB Accountants & Consultants, LLP. In doing so, The Pangburn Group has established its adherence to one of the most stringent, industryaccepted auditing standards for service companies providing assurance to its clients, through an independent auditor, that both its business process controls and information technology (IT) controls operate effectively.