The Wharton Alumni Angel Network ("WAAN") is not a venture fund, an investment bank, a broker/dealer, investment clearing‐house, or an investment advisor, but rather a forum in which investors may be educated on aspects of investment and business, as well as introduced to companies for possible investment. WAAN is not registered with the Securities Exchange Commission or any state securities commission. Each member of WAAN is responsible for his or her own investment decisions, and WAAN is not recommending any particular company for investment. All investments in entrepreneurial companies involve a high degree of risk, and investors should be able to bear the risk of complete financial loss. The choice to use, and manner of utilization of, information and knowledge gained through WAAN is each member’s individual choice. No guidance shall be given, nor shall any person affiliated with WAAN (or WAAN itself) be responsible for an individual member’s use of the information, investment decision, or the results of any investment. Hence, WAAN makes no representations or warranties of any kind regarding these companies. Investors must conduct their own due diligence and negotiate the terms of any investment they elect to make. No guidance, advice or representation is made in any way. For tax, compliance, reporting, legal or other requirements members may have, it is highly recommended that members seek appropriate professional help. No representation or warranty is made as to the accuracy or completeness of the information provided by WAAN or presenting companies.