General Disclaimer

These companies presentations (as well as any additional information or analysis based on such companies presentations) have been prepared for the purpose of providing limited confidential information to parties who have expressed an interest in becoming investors in limited partnerships purchasing securities in portfolio companies through whiteswanresearch. This is not an offer to sell securities. These presentations do not purport to include all of the information necessary to evaluate an investment in any of the companies presented, and are qualified in their entirety by the terms of the transaction documents, including the form of subscription agreements, terms and conditions of membership in whiteswanresearch and the form of partnership articles of each of the entities to be established to invest in the companies presented. If you express an interest in any of these companies, we will send to you offering documents which will include a full description of the partnerhsip formed to invest in the company, of the company and of the offering, as well as a full explanation of the criteria for investing.

Whiteswanresearch is not a broker, dealer or underwriter of securities and does not solicit investors on behalf of any company. Although whiteswanresearch may provide data, information, and content relating to investment opportunities, you should not construe any such information as legal, tax, insurance, financial, or investment advice. Nothing on the website should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by whiteswanresearch or any third party.
These companies presentations contain information provided by third parties, including without limitation, documents, information, data and photographs. Whiteswanresearch makes no representations or warranties whatsoever with respect to such presentations, including with regard to the accuracy and completeness of such presentations or the omission by such third parties to state a material fact necessary in order to make such presentations not misleading in light of the circumstances under which they were made. Neither whiteswanresearch nor any of its affiliates will be liable for any direct, incidental, consequential, indirect, punitive, exemplary, special or other damages, whether under any contract, tort (including negligence), strict liability, or other theory, and regardless of whether it has been advised of the possibility of such claim or damage, arising in connection with such presentations. Whiteswanresearch cannot accept any liability whatsoever in respect of any presentations which are provided by third parties.
Whiteswanresearch’s “ourtake” and the analysis provided thereunder, is based on such companies presentations and represents whiteswanresearch’s opinion only regarding the respective company and the reasons why it has chosen to invest in such company. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. Investors and users should conduct their own diligence and consult with licensed professionals, investment and legal advisors for any investment, insurance, tax or legal advice.
Investing in start-up companies described in these presentations is extremely speculative and involves a high degree of risk. Each of these companies is in the start-up, early stage or venture phase. At this early stage of their operations, they will face the risks, uncertainties, expenses and difficulties frequently encountered by companies at the start up stage of their business development. We cannot be sure that they will be successful in addressing these risks and uncertainties and their failure to do so could have a materially adverse effect on their financial condition and, if you invest, could result in the loss of your entire investment. There is no history upon which to base any assumption as to the likelihood that they will prove successful and they can provide investors with no assurance that they will generate any operating revenues or ever achieve profitable operations.
You should not invest in unless you are in a position to lose the entire amount of your investment. No public market currently exists for the common stock of any of these companies and their securities and there can be no assurance that such public market will ever exist.
These presentations are submitted in connection with a possible private placement of limited partnership interests in connection with whiteswanresearch and may not be reproduced or used, in whole or in part, for any other purpose. The limited partnership interests have not been registered in the united states with the securities and exchange commission or with any governmental authority in any other country.