The Angel Group is not a venture fund, an investment bank, a broker-dealer, an investment clearinghouse, 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. The Angel Group is not registered with the Securities Exchange Commission or any state securities commission. Each member of The Angel Group is responsible for his or her own investment decisions and taxes, and The Angel Group is not recommending any particular company for investment. All investments in early-stage 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 The Angel Group is each member’s individual and personal choice. No guidance shall be given,none shall be inferred from any comments made by members or representatives of The Angel Group, nor shall any person affiliated with The Angel Group (or The Angel Group itself) be responsible for an individual member’s use of the information, investment decision, or the results of any investment. The Angel Group does not conduct any investigation to verify the factual information submitted to potential investors by individual entrepreneurs. Hence, The Angel Group makes no representations or warranties regarding these companies. Investors must conduct their own due diligence and negotiate the terms of any investment they elect to make.

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