Red Beard Ventures is a supervised person of or otherwise affiliated with Red Beard Ventures Management LLC, an “Exempt Reporting Adviser” under the Investment Advisers Act of 1940. Important information regarding Red Beard Ventures Management LLC can be found on its Form ADV available here. Red Beard Ventures’s relationship with Red Beard Ventures Management LLC may give rise to potential conflicts of interest or conflicting duties, which could materially impact the performance any deals led by this syndicate.