Important Disclaimers & Disclosures for Energize Presentation

Important Disclaimers & Disclosures

Energize Ventures
January 23, 2020

Important Disclaimers & Disclosures:

This confidential presentation (this “Presentation”) does not constitute an offer or solicitation in any state or other jurisdiction to subscribe for or purchase interests in any investment vehicle (each, a “Fund”) formed by Energize Ventures LLC or its affiliates (“Energize”). The contents are intended for informational purposes only and are not intended as an offer or solicitation of an offer with respect to the purchase or sale of any security and should not be relied upon in evaluating the merits of investing in any securities. Such an offer or solicitation can only be made by way of a Fund’s definitive offering materials and otherwise in accordance with applicable securities laws. Recipients of this Presentation agree that Energize, its affiliates and their respective partners, members, employees, officers, directors, agents and representatives shall have no liability for any misstatement or omission of fact or for any opinion expressed herein. Unless otherwise noted, the valuations of investments contained within this Presentation are based upon information and data available as of June 30, 2022. The actual realized return on all unrealized investments will depend on valuation of the investment at the time of disposition, any related transfer costs, and the manner of sale. Many factors affect performance and/or limit the liquidity of unrealized investments, including changes in market conditions, interest rates and other economic, political or financial developments. Targets are not guarantees, forecasts or predictions and there can be no assurance that these targets or Energize’s expectations regarding these investments will be met. Target returns (including any data related thereto) are based upon Energize’s estimates and assumptions about circumstances and events that have not have occurred yet and may never occur. Results may vary based on investment dates, issue eligibility, terms and share class or series differences. Actual event s or results may differ materially, positively or negatively, from those reflected or contemplated. If any of the assumptions used to derive such target returns do not prove to be accurate, results may vary substantially from the target returns set forth herein. Gross target returns do not reflect any deductions for fees, taxes, transaction costs or any other expenses which will be borne by investors in the Fund, and will have the effect of reducing the actual return for an investor.

Details on current and pipeline investments have been included for illustrative purposes only, and do not purport to be a complete list thereof. Unless otherwise indicated, all valuation and performance data contained in the case studies included here are as of June 30, 2022. Although it is expected that the Fund will participate in such ventures, the availability of such opportunities cannot be guaranteed, and it should not be assumed that future investments will be comparable in quality or performance to the investments described herein. In certain instances, a limited partner of a Fund (an “LP”) may contract with a portfolio company to use or test its technology, which may benefit such LP. An LP may become a customer or potential acquirer of portfolio companies that are relevant to its operations.

The information included in this Presentation is based on information reasonably available to Energize as of the date hereof, and does not purport to be complete. Energize does not undertake any duty to update the information set forth in this Presentation. Furthermore, the information included in this Presentation has been obtained from sources that Energize believes to be reliable. However, these sources cannot be guaranteed as to their accuracy or completeness. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information contained herein by Energize, its members, managers, employees, representatives or affiliates, and no liability is accepted by such persons for the accuracy or completeness of any such information.

This Presentation contains trade secrets and other confidential business information. These materials are confidential and are intended solely for the information of the person(s) to whom they have been delivered. Each recipient acknowledges and agrees that it will (i) not copy, reproduce, or distribute this Presentation, in whole or in part, to any party, (ii) keep confidential all non public information contained herein, and (iii) use this Presentation solely for purposes of monitoring such recipient’s investment in a Fund. Moreover, the Presentation is subject to an LP’s confidentiality obligations set forth in the applicable partnership documents.

Statements in this Presentation are made as of the date on the first page of this Presentation unless stated otherwise, and the delivery of this Presentation at any time shall not under any circumstances create an implication that the information contained herein is correct as of any time after such date. Certain information contained herein has been obtained from third parties. All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. This Presentation is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The contents of this Presentation are not to be considered as legal, business or

tax advice, and each prospective investor should consult its own attorney, business advisor and tax advisor as to legal, business and tax advice. Information contained herein may include information in respect of prior investment performance. In considering any performance information contained herein, prospective. investors should bear in mind that past or projected performance is not indicative of future results, and there can be no assurance that any investment will achieve comparable results or that target returns, if any, will be met. This Presentation contains a summary of the business and management of a Fund, which is subject to future amendment and modification. These materials and the reports of which they are a part, and the summaries contained herein, do not purport to be complete.

Past performance is not necessarily indicative of future results, and there can be no assurance that comparable results will be met. Actual realized returns on unrealized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions contained herein.

Potential investors are strongly urged to ask such questions of Energize as they deem appropriate, and to discuss any prospective investment with their legal and tax advisors in order to make an independent determination of the suitability and consequences of such investment. Investments in venture capital funds include significant risks not otherwise present in public market investments, and venture capital investors are afforded less regulatory protections than investors in registered public securities. Venture capital investments are often highly speculative, illiquid, leveraged, are subject to the volatility of the markets and to lo ng hold periods, and are less transparent than public market investments. An investment in a venture capital fund is subject to various risks, none of which are described herein. The re can be no assurance that investment objectives will be achieved. Investment losses may occur and investors could lose some or all of their investment. Nothing herein is intended to imply that any investment in the investment strategy described in this presentation may be considered “conservative,” “safe,” “risk free” or “risk averse. averse.” No regulatory authority has passed upon or endorsed these materials or the merits of an investment in any Energize fund. An investment in a venture capital fund is dependent on the key personnel of the investment manager and underlying investments. Moreover, any such investment in a venture capital fund is subject to additional expenses , which reduce profits, requires a long hold period, is subject to restrictions on transfer, is affected by complex tax considerations, is subject to potential indemnification obligations, and is affected by potential conflicts of interest.

Certain investors may receive more information with respect to portfolio companies, potential investment opportunities, and market developments generally than is provided to others. In fact, access to certain information, webinars or discussions is expected to be contingent on an investor making a minimum commitment to the applicable Energize fund. In certain instances, one or more investors may contract with a portfolio company to use or test its technology o r may become customers or potential acquirers of such portfolio company. Such arrangements may benefit certain investors disproportionately vis à vis other investors. Certain investors and their affiliates have an ownership in certain Invenergy subsidiaries and/or business relationships with Invenergy subsidiaries (such investors, the “Interested Limited Partners”), which could result in conflicts of interest and potentially cause Energize to take actions based on its relationship with any Interested Limited Partner. In addition, the Interested Limited Partners may have an incentive, due to their economic interests in certain Invenergy subsidiaries, to encourage transactions between Invenergy and the portfolio companies or may be more incentivized to take actions that may benefit Invenergy, the Investment Manager or the General Partner. Interested Limited Partners would not constitute affiliates of Invenergy or a “General Partner Person” for purposes of the LP A a nd would not be excluded from Limited Partner votes or subject to the restrictions on conflicts of interest set forth in the LPA. In addition, Interested Limited Partners (or their representatives) may serve on the Advisory Committee.