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<div style="text-align: center;" align="center"><span style="font-size: 16px; font-weight: normal; font-family: Calibri, Helvetica, Arial, sans-serif;">In conversation with</span></div>
<div style="text-align: center;" align="center"><span style="font-size: 20px; font-family: Calibri, Helvetica, Arial, sans-serif;">Munib Madni</span></div>
<div style="text-align: center;" align="center"><span style="font-weight: normal; font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Purpose-Driven Investing</span></div>
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<span style="font-size: 16px; font-weight: normal; font-family: Calibri, Helvetica, Arial, sans-serif;">Click </span><a href="http://www.insideasiapodcast.com/purpose-driven-investing/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(207, 143, 18); font-weight: normal; font-style: normal; text-decoration: underline;">here</a><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;"> to listen to the full </span><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Inside Asia</span><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;"> episode</span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">All big change begins with small grass-roots movements and the discernable shift in the world of asset management is no exception. </span></div>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">There is a new breed of asset manager afoot. Those that believe that the best corporations are those that do well by doing good. In </span><a href="http://www.insideasiapodcast.com/purpose-driven-investing/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">this </a><a href="http://www.insideasiapodcast.com/purpose-driven-investing/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: normal; text-decoration: underline;">Inside Asia</a><a href="http://www.insideasiapodcast.com/purpose-driven-investing/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;"> episode</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, I speak to one such individual. </span><a href="https://www.linkedin.com/in/munib-madni-cfa-641942150/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">Munib Madni</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> spent 13-1/2 years with Morgan Stanley before he saw the light, threw in the towel, and re-emerged as CEO of his own asset management firm, </span><a href="https://panarchypartners.com/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">Panarchy Partners</a>.</div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">How Big is Big?</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">With $80 trillion under management worldwide, there’s power at play. Fortunes have been made and lost on the decisions laid down by asset managers. For the longest time, financial performance has remained the central barometer for all buy and sell decisions. This too must change.</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Whether  Munib and others like him can sustain the momentum and demonstrate to investors that their strategies can and will generate returns is the real question. Our conversation revealed a few key themes, and it begins with the will of the corporate to knuckle down and make some institutional changes. </span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif;">Adhering to a New Set of Ethical Standards</span></div>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">If you consider the many and varied Environmental, Social and Governance (</span><a href="https://en.wikipedia.org/wiki/Environmental,_social_and_corporate_governance" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">ESG</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">) issues that underpin and guide corporate behavior, then tackling and reforming just one is as good a place as any to get things started. Munib refers to such initiatives as stakeholder engagements. He and his organization look for companies that take the initiative. The results are important, but the effort counts as well. </span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Sometimes making big changes takes time, and that’s where publicly-listed MNCs might be at a disadvantage. CEO and leadership tenure is essential. Driving end-to-end sustainability goals requires coordination and commitment. That’s a concern when you consider that last year saw a record number CEO departures from Fortune 500 companies. Economic uncertainty, political instability, and rising shareholder demands make for a mean broth. Like they say, if you can’t stand the heat, get out of the kitchen.</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">It seems that only Founder CEOs like Elon Musk or long-tenured and financially successful CEOs like Mastercard’s Ajay Banga receive the necessary investor leeway to drive important and sustainable changes. </span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Why Asia is Primed for Purpose-Driven</span></div>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">That raises two key points: First, what would it take to reframe the way listed companies are rewarded for investing in their broader stakeholder communities? And second, doesn’t this play to the strengths of Asian companies, where to a large degree the CEOs </span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">are</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> the owners, or at least majority shareholders of their organizations?  </span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">To the first point, there’s both the question of “standards” or “ratings’ that are universally accepted and also the will to pick stocks that offer something more than financial returns. Standards, for one, are in their infancy. Dozens of ESG-focused rating agencies have sprung up in recent years and while there’s overlap, there’s no universal agreement on which ones are best. </span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Then there’s that thorny question of investors. Convincing the average asset manager to think about something more than financial return is like getting a shark to turn vegetarian. It’s possible, but in the absence of explicit investor directive to back ESG-only holdings, it’s not likely. </span></div>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">And what about Asian companies? What’s their excuse? Why, on the whole, do they rank so poorly when it comes to promoting broader stakeholder interests? I’d argue now – as I’ve argued before – that this </span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">is</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> Asia’s time. Companies in this part of the world have demonstrated extraordinary reliance, innovation, and ability to build brand loyalty. Why not show companies in U.S. and Europe that they can lead a purpose-led agenda?</span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">However you look at it, Conscious Capitalism is a team sport. There’s an ecosystem necessary to support the very difficult decisions that corporations are required to make. Financial incentives served as a great motivator for the past 60 years. But with a global system in distress, the environment at risk, and employees wracked with job insecurity, maybe it’s time for a new class of whips and carrots.    </span></div>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">If you haven’t listened to this episode, please do so. Please subscribe to </span><a href="http://www.inisideasiapodcast.com/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: normal; text-decoration: underline;">Inside Asia</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> wherever you download and listen to podcasts. There are over 130 episodes to choose from. We cover everything from geopolitics to emerging trends. If you’re doing business in Asia, listen to what Inside Asia’s guests have to say. You won’t find a better business-focused podcast </span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">in</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Asia </span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">on</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> Asia. </span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">As always, we thank you for listening!</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Steve Stine</span></div>
<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Founder & Host</span></div>
<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: bold;">Inside Asia</span></div>
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<span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Report</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: “2020 Investment Management Outlook,” Deloitte, Dec 3, 2019</span>
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<div><a href="https://www2.deloitte.com/us/en/insights/industry/financial-services/financial-services-industry-outlooks/investment-management-industry-outlook.html" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://www2.deloitte.com/us/en/insights/industry/financial-services/financial-services-industry-outlooks/investment-management-industry-outlook.html</a></div>
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<span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Chart</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: “The Outperformance of ESG Investing During the Covid-19 Selloff,” Visualcapitalist.com, May 28, 2020.</span>
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<div><a href="https://advisor.visualcapitalist.com/esg-investing-outperformance-covid-19-selloff/" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://advisor.visualcapitalist.com/esg-investing-outperformance-covid-19-selloff/</a></div>
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<span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Article</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: “Moody’s: ESG is Next Growth Frontier for Asset Managers,” ETF Stream, by Tom Eckett, March 2, 2020</span>
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<div><a href="https://www.etfstream.com/feature/10597_moodys-esg-is-next-growth-frontier-for-asset-managers/" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://www.etfstream.com/feature/10597_moodys-esg-is-next-growth-frontier-for-asset-managers/</a></div>
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<span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Article</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: “The Purpose-Driven Portfolio: Evaluating the SRI Opportunity,” NASDAQ, April 20, 2016</span>
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<div><a href="https://www.nasdaq.com/articles/purpose-driven-portfolio-evaluating-sri-opportunity-2016-04-20" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://www.nasdaq.com/articles/purpose-driven-portfolio-evaluating-sri-opportunity-2016-04-20</a></div>
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<span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Article</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: “Investing with a Purpose,” by Catherine Schnaubelt, Forbes, September 20, 2018</span>
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<div><a href="https://www.forbes.com/sites/catherineschnaubelt/2018/09/20/investing-with-a-purpose/#51fcf5962834" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://www.forbes.com/sites/catherineschnaubelt/2018/09/20/investing-with-a-purpose/#51fcf5962834</a></div>
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<span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Article</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: “Purpose is Everything,” Deloitte, October 15, 2019</span>
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<div><a href="https://www2.deloitte.com/us/en/insights/topics/marketing-and-sales-operations/global-marketing-trends/2020/purpose-driven-companies.html" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://www2.deloitte.com/us/en/insights/topics/marketing-and-sales-operations/global-marketing-trends/2020/purpose-driven-companies.html</a></div>
<div><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Deloitte research suggests that “purpose-oriented companies have higher productivity and growth rates, along with a more satisfied workforce who stay longer with them. Research shows that such companies report 30 percent higher levels of innovation and 40 percent higher levels of workforce retention than their competitors."</span></div>
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<span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Evolution of ESG Asset Management</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: Moody’s on ESG and Climate Change</span>
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<div><a href="https://esg.moodys.io/" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://esg.moodys.io</a></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Andrew Hewitt:</span></div>
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<span style="font-size: 12px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">|</span><a href="http://www.insideasiapodcast.com/richard-vevers-chasing-coral/" rel="noopener noreferrer" target="_blank" style="font-size: 12px; color: rgb(54, 54, 54); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;"> </a><span style="font-size: 12px; font-family: Calibri, Helvetica, Arial, sans-serif;">April 14, 2020</span><span style="font-size: 12px; font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(102, 102, 102);"> | </span>
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<div class="text-container galileo-ap-content-editor"><div><div><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">Andrew Hewitt is founder of GameChangers 500, an organization bent on identifying and ranking global organizations looking to make a difference. Andrew and his GameChanger colleagues have come to believe, and I quote, “that the profit-at-all-cost model just isn’t working,” end quote. Some say only the private sector with its vast resources, top talent and eye on innovation can lead that change. But making the leap from profit- to purpose-driven is no easy task.In our conversation Andrew shares many of the ups and downs that come with being on the front lines of a purpose-driven movement.</span></div></div></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif;">Aaron Fishman:</span></div>
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<div><span style="font-size: 12px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">| March 29, 2019 |</span></div>
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<div class="text-container galileo-ap-content-editor"><div><div><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">In this episode I speak with Aaron Fishman, Founder and CEO of East Bali Cashews. In our conversation, we explore what it takes to make a labor and capital intensive cashew processing business fly and what it means to be a social enterprise. Aaron’s point of view will surprise you. Although East Bali Cashews has been touted as a best-in-class example of a model social enterprise, Aaron thinks the term has become overplayed. “It’s the quality of our product that sets us apart,” he says, nothing more.</span></div></div></div>
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<div class="text-container galileo-ap-content-editor"><div><div>If podcasting isn't your thing, or you're just too busy to take 30 minutes to listen, check out my articles <a href="https://www.linkedin.com/in/steve-stine-6124084/detail/recent-activity/posts/" rel="noopener noreferrer" target="_blank" data-segment-action="add" data-segment-id="7527c640-69b8-11e8-ad61-d4ae529a8575" style="color: #597274; font-weight: normal; font-style: normal; text-decoration: underline;">here</a> on Linked-in where I set out to summarize each week’s conversation. We touch on a wide range of topics from healthcare to finance, politics to cleantech. I hope you’ll join us.</div></div></div>
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<span class="article-heading-text" style="font-size: 18px; font-weight: bold; color: #000000;">Steve Stine | LinkedIn</span><br>
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<span>Check out professional insights posted by Steve Stine, Senior Regional Leadership Advisor and INSIDE ASIA radio talk show host</span><br>
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<a style="text-decoration: underline; color: #597274; font-weight: normal; font-style: normal;"></a><a href="https://www.linkedin.com/in/steve-stine-6124084/detail/recent-activity/posts/" style="color: #597274; font-weight: normal; font-style: normal; text-decoration: underline;"><span>Read more</span></a><br>
<a style="color: inherit; text-decoration: none; font-weight: normal; font-style: normal;">www.linkedin.com</a><br>
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<table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0">
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<tr>
<td class="editor-text center-text three-column-text" align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: center; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;">
<div></div>
<div class="text-container galileo-ap-content-editor"><div><div><span style="color: rgb(255, 255, 255);">Follow on Social Media</span></div></div></div>
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</div>
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</tbody>
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<table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;">
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<div class="gl-contains-social-button">
<table class="editor-social" width="100%" cellpadding="0" cellspacing="0" border="0" style="width: 100%; min-width: 100%;">
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<td class=" social-container social-container" align="center" style="padding: 0px 20px 10px;">
<div class="galileo-ap-content-editor">
<a href="https://www.facebook.com/insideasiapodcast" style="display: inline-block; text-decoration: none;">
<img alt="Facebook" width="32" border="0" src="https://imgssl.constantcontact.com/galileo/images/templates/Galileo-SocialMedia/facebook-visit-gray-circle.png" style="display: inline-block; margin: 0; padding: 0;"> ‌
</a>
<a href="https://twitter.com/asiapodcast" style="display: inline-block; text-decoration: none;">
<img alt="Twitter" width="32" border="0" src="https://imgssl.constantcontact.com/galileo/images/templates/Galileo-SocialMedia/twitter-visit-gray-circle.png" style="display: inline-block; margin: 0; padding: 0;"> ‌
</a>
<a href="https://www.linkedin.com/in/steve-stine-6124084/" style="display: inline-block; text-decoration: none;">
<img alt="LinkedIn" width="32" border="0" src="https://imgssl.constantcontact.com/galileo/images/templates/Galileo-SocialMedia/linkedin-visit-gray-circle.png" style="display: inline-block; margin: 0; padding: 0;"> ‌
</a>
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<table class="editor-spacer" width="100%" cellpadding="0" cellspacing="0" border="0">
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<table cellpadding="0" cellspacing="0" border="0" width="100%">
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<div><img alt="" width="5" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/1101116784221/S.gif" style="display: block; height: 1px; width: 5px;"></div>
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<div class="footer-max-main-width" align="center" style="margin-left: auto; margin-right: auto; max-width: 100%;">
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<span class="footer-column">Inside Asia<span class="footer-mobile-hidden"> | </span></span><span class="footer-column">CBD<span class="footer-mobile-hidden">, </span></span><span class="footer-column"></span><span class="footer-column"></span><span class="footer-column">Singapore, 098510 Singapore</span><span class="footer-column"></span>
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<a href="#" style="color: #5d5d5d">Unsubscribe {recipient's email}</a>
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<a href="#" style="color: #5d5d5d">Update Profile</a> |
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<a href="http://www.constantcontact.com/index.jsp?cc=nge&rmc=VF19_3GE" style="color: #5d5d5d; text-decoration: none">
<img alt="Trusted Email from Constant Contact - Try it FREE today." width="160" border="0" hspace="0" vspace="0" src="https://static.ctctcdn.com/letters/images/CTCTFooter/Logo_Blue_Orange.png">
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</table><div align="center" style="background-color: #F3F3F3;"><table width="100%" cellpadding="0" cellspacing="0" border="0" style="background-color: #f3f3f3"><tr><td align="center" valign="top" style="padding: 0px 0px 0px 0px;"><div align="center" style="max-width: 600px; margin-left: auto; margin-right: auto;"><table cellpadding="0" cellspacing="0" border="0" style="width: 600px; width: auto !important; margin-left: auto; margin-right: auto;"><tr><td align="left" valign="top" style="color: #5b5b5b; font-size: 11px; line-height: 1.3; font-family: Arial, Helvetica, sans-serif; padding: 20px 20px 20px 20px;"><div style="color: #FF0000; font-size: 11px; line-height: 1.3; font-family: Arial, Helvetica, sans-serif;"><span style="font-size: 13px; font-weight: bold;">THIS IS A TEST EMAIL ONLY.</span><br />This email was sent by the author for the sole purpose of testing a draft message. If you believe you have received the message in error, please contact the author by replying to this message. Constant Contact takes reports of abuse very seriously. If you wish to report abuse, please forward this message to <a href="mailto:abuse@constantcontact.com">abuse@constantcontact.com</a>.<br /></div></td></tr></table></div></td></tr></table></div></body>
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