Disclaimer

THIS WEBSITE IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE.
This website has been prepared by HLM Management Co., LLC (“HLM”) and is not intended to be (and may not be relied on in any manner as) legal, tax, investment, accounting or other advice or as an offer to sell or a solicitation of an offer to buy any securities of any investment product or any investment advisory service, including any limited partnership or comparable limited liability equity interests in any fund, managed account or other similar investment vehicle or product sponsored by HLM (each, a “Fund”). Any such offer or solicitation may only be made pursuant to such Fund’s final confidential private placement memorandum and/or the related subscription documents, which will be furnished to qualified investors on a confidential basis at their request for their consideration in connection with such offering. This document may contain proprietary, trade-secret, confidential and commercially sensitive information. U.S. federal securities laws prohibit you and your organization from trading in any public security or making investment decisions about any public security on the basis of information included in these materials.

This website and any and all accompanying layouts, graphics, information, materials, documentation, images, arrangements of information, related software and other proprietary property of HLM Management Co., LLC or its licensors accessible via the website (collectively hereafter referred to as the “Website”) is and shall remain the exclusive property of HLM Management Co., LLC and its licensors, as the case may be. This site is for your personal and non-commercial use. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer or sell any information, software, products or services obtained from this site.

OWNERSHIP OF SITE AND TRADEMARKS.
HLM Management Co., LLC (“Firm”) owns and maintains this site. No act of downloading or otherwise copying from this site will transfer title to any software or material at this site to you. Anything that you transmit to this site becomes the property of the Firm, may be used by the Firm for any lawful purpose, and is further subject to disclosure as deemed appropriate by HLM Management Co., LLC, including to any legal or regulatory authority to which the Firm is subject. HLM Management Co., LLC reserves all rights with respect to copyright ownership of all material at this site, and will enforce such rights to the full extent of the law.

THIS WEB SITE IS NOT A RECOMMENDATION FOR ANY SECURITY OR INVESTMENT.
References to any portfolio investment are intended to illustrate the application of the Fund’s investment process only and should not be used as the basis for making any decision about purchasing, holding or selling any securities. Nothing herein should be interpreted or used in any manner as investment advice. The information provided about these portfolio investments is intended to be illustrative and is not intended to be used as an indication of the current or future performance of the Fund’s portfolio investments.

AN INVESTMENT IN A FUND ENTAILS A HIGH DEFREE OF RISK, INCLUDING THE RISK OF LOSS.
There is no assurance that a Fund’s investment objective will be achieved or that investors will receive a return on their capital. Investors must read and understand all the risks described in a Fund’s final confidential private placement memorandum and/or the related subscription documents before making a commitment. The recipient also must consult its own legal, accounting and tax advisors as to the legal, business, tax and related matters concerning the information contained in this document to make an independent determination and consequences of a potential investment in a Fund, including US federal, state, local and non-US tax consequences.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS OR A GUARANTEE OF FUTURE RETURNS.
The performance of any portfolio investments discussed in this website is not necessarily indicative of the performance of any other of the Fund’s portfolio investments or any future performance, and you should not assume that investments in the future will be profitable or will equal the performance of past portfolio investments. Investors should consider the content of this website in conjunction with investment fund quarterly reports, financial statements and other disclosures regarding the valuations and performance of the specific investments discussed herein.

DO NOT RELY ON ANY OPINIONS, PREDICTIONS, PROJECTIONS OR FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.
Certain information contained in this website constitutes “forward-looking statements” that are inherently unreliable and actual events or results may differ materially from those reflected or contemplated herein. None of HLM or any of its representatives makes any assurance as to the accuracy of those predictions or forward-looking statements. HLM expressly disclaims any obligation or undertaking to update or revise any such forward-looking statements. The views and opinions expressed herein (including HLM’s position as a leader in the venture capital industry) are those of HLM as of the date hereof and are subject to change based on prevailing market and economic conditions and will not be updated or supplemented.

EXTERNAL SOURCES.
Certain information contained herein has been obtained from third-party sources. Although HLM believes the information from such sources to be reliable, HLM makes no representation as to its accuracy or completeness. The web site provides hyperlinks to websites operated by other entities. HLM provides these links as an accommodation to you and other users but does not make any representations regarding the accuracy, quality or suitability of the content provided on websites located through such hyperlinks. By clicking on any link herein (or copying and pasting its URL into your web browser) you acknowledge and agree that use of third-party websites is strictly at your own risk.