DISCLAIMER

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The information contained herein is highly confidential and is being provided to you at your request for informational purposes only and is not, and may not be relied on in any manner as, legal, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in an investment vehicle (a “Fund”) sponsored by HDI Ventures, or its affiliates or any other security, which may only be made pursuant to the delivery of the related organizational and offering documents for the Fund (the “Organizational Documents”). The information contained herein is qualified in its entirety by the applicable Organizational Documents. No person has been authorized to make any statement concerning a Fund other than as set forth in the applicable Organizational Documents and any such statements, if made, may not be relied upon. The information contained herein must be kept strictly confidential and may not be reproduced or redistributed in whole or in part, in any format, without the express written approval of HDI Ventures. The foregoing shall not limit the disclosure of the tax treatment or tax structure of a Fund (or any transactions undertaken by a Fund). Certain information contained herein (including financial information) has been obtained from published and non- published sources and has not been independently verified by HDI Ventures, which does not assume responsibility for the accuracy of such information. Past performance should not be relied upon as an indication of future results. Investment in a Fund involves significant risks, including loss of the entire investment. The investment history shown includes deals that were completed while the principals of HDI Ventures were employed at other firms. Certain assumptions have been made in calculating the return information and preparing the other information set forth in this document. While made in good faith, there can be no assurance that such assumptions will prove correct or will be applicable to a Fund’s actual investments. Certain information contained herein constitutes forward-looking statements, which can be identified by the use of terms such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue” or “believe” (or the negatives thereof) or other variations thereof. Due to various risks and uncertainties, actual events or results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements, and there can be no assurance that unrealized investments used to calculate the return information set forth herein will be ultimately realized for their assumed values. As a result, investors should not rely on such forward-looking statements. Any projection of the performance of a Fund or an individual investment provided by HDI Ventures herein or in any related discussion is highly speculative and represents HDI Ventures’ opinion, which may change. The projected performance is based on HDI Ventures’ investment models, predictions and assumptions. To the extent these models, predictions and assumptions are not correct or circumstances change, the actual performance may vary substantially, and be less than the projected performance. The projected performance is not a guaranteed return and investment in a Fund includes significant risks, including the loss of your entire investment. No governmental authority has passed on the merits of the offering of interests in a Fund or the adequacy of the information contained herein. Any representation to the contrary is unlawful.