Email Terms

Personal and Confidential: You are receiving this email because you either have invested in one of our private placements or have expressed an interest in investing and we have verified that you are either an accredited or qualified investor. If your status has changed or you no longer are interested in receiving our communications please let us know ASAP. This email is not to be forwarded or distributed in any way.

Please Note Disclosure: Please do not transmit investment instructions regarding your Late Stage Management, LLC investment by e-mail. Late Stage Management reserves the right to monitor and review the contents of all e-mail communications, including emails sent to and/or received by its employees. This material has been prepared for informational purposes only. While it is based on information generally available to the public from sources we believe to be reliable, no representation is made that the subject information is accurate or complete. Past performance is not a guarantee of future results. Prices, rates, yields and company conditions are subject to change without notice. Late Stage Management, LLC is not a tax advisor; transactions requiring tax consideration should be reviewed carefully with your tax advisor. Similarly, Late Stage Management is not a law firm and provides no legal opinions or legal advice. *Late Stage Management and/or its officers or employees may have positions in any of the securities of this (these) issuer(s).

Important Information: This does not constitute an offer to sell or a solicitation of an offer to buy any securities or investment product and may not be relied upon in connection with any offer or sale of securities. Any such offer or solicitation may only be made by means of delivery of an approved offering memorandum (the `Memorandum`). The Memorandum must be received and reviewed prior to any investment decision. Any person subscribing for an investment must be able to bear the risks involved and must meet the suitability requirements relating to such investments.

This may not be distributed to other than the intended recipient. Unauthorized reproduction or distribution of all or any this is strictly prohibited.