its consent for the opinion to be included in any regulatory filings, including the Proxy Statement-Prospectus and the Registration Statement, to be filed with the SEC and mailed to shareholders in connection with the Merger. Based upon and subject to the foregoing, it is our opinion that, as of the date hereof, the Exchange Ratio is fair to the holders of William Penn Common Stock from a financial point of view. Very truly yours, B-4
RkJQdWJsaXNoZXIy NTYwMjI1