Liquid Capital Management, LLC (“Liquid Capital” and together with its affiliates, “Liquid Stock”) is an investment advisor registered with the Securities and Exchange Commission, providing investment advice and management to certain privately offered pooled investment vehicles (each a “Fund”). Each Fund has been or will be formed for various purposes, including but not limited to, acquiring exposure to the stock of private companies (“Companies”) held by the equity-holders of such Companies who are seeking liquidity (“Shareholders”). Liquid Capital provides investment advice to the Funds with respect to such investments, and other investments made by the Funds. The Funds are Liquid Capital’s clients. Liquid Capital does not solicit or make its services available to the public or other advisory clients. Shareholders and Companies are not customers or clients of Liquid Capital. Liquid Capital Management does not provide any type of investment, securities, tax, accounting, financial, legal or brokerage advice or services to Shareholders or Companies in any capacity.