Cross Border Private Capital, L.L.C. ("CPBC"), pursuant to Financial Industry Regulatory Authority, Inc. ("FINRA") rules, has created a Business Continuity Plan, to address and guide our response to and recovery from Significant Business Disruptions ("SBDs"). Copies of this Summary Disclosure Statement shall be given to all clients at the time they open their accounts with CBPC. CBPC's Business Continuity Plan is subject to modification and an updated summary will be promptly e-mailed to our clients. Alternatively, clients may obtain updated summaries by requesting a written copy by mail or fax.

In all of the following scenarios, CBPC plans to continue business and our planned recovery time, depending upon the time of occurrence, should not exceed 24 hours from the time of the declaration of the SBD. Staff, telephone calls, and e-mails will return to their original location upon full restoration of service.

If a disruption occurs at our main office located at 445 Park Avenue, 9th Floor, New York, NY 10022, we will move to an unaffected location. This location may be another of the Firm's offices or the home office of firm personnel.

If a disruption occurs in our business district affecting our main office located at 445 Park Avenue, 9th Floor, New York, NY 10022, we will move to an unaffected location. This location shall be outside the business district and may be another of the Firm's offices or the home office of firm personnel.

If a disruption occurs in our city-wide area that affects our main office located at 445 Park Avenue, 9th Floor, New York, NY 10022, we will move to an unaffected location. This location shall be outside the city-wide area and may be another of the Firm's offices or the home office of firm personnel.

If a regional disruption occurs that affects our main office located at 445 Park Avenue, 9th Floor, New York, NY 10022, we will move to an unaffected location. This location shall be outside the regional area and may be another of the Firm's offices or the home office of firm personnel.

CBPC has also contracted with various entities to insure that sensitive information is made redundant at back-up facilities. However, due to the nature of such information, we do not disclose the specific location of any back-up facilities, any proprietary information contained in our Business Continuity Plan or the parties with whom we have back-up arrangements.

Please call us, should you have any questions, at (212) 682-7400.

Thank you.

David J.P. Meachin

Chairman and Chief Executive Officer