THE INFORMATION PROVIDED HEREIN HAS BEEN PREPARED SOLELY FOR USE BY the LIMITED PARTNERS OF FUNDS MANAGED BY DAG VENTURES MANAGEMENT.  EACH RECIPIENT HEREOF acknowledges and agrees that the contents HEREOF constitute PROPRIETARY AND CONFIDENTIAL information AND that THE FUNDS, DAG VENTURES MANAGEMENT AND THEIR AFFILIATES AND respective portfolio Companies (the “Affected Parties”) derive independent economic value from not being generally known AND are the subject of reasonable efforts to maintain their secrecy.  THE RECIPIENT FURTHER AGREES THAT THE CONTENTS HEREOF are A TRADE SECRET, the disclosure of which IS likely to cause substantial and irreparable competitive harm to the Affected Parties or their respective businesses.  ANY REPRODUCTION OR DISTRIBUTION OF THE INFORMATION PROVIDED HEREIN, IN WHOLE OR IN PART, OR THE DISCLOSURE OF ITS CONTENTS, WITHOUT THE PRIOR WRITTEN CONSENT OF THE GENERAL PARTNER, IS PROHIBITED.  THE INFORMATION WILL BE RETURNED TO THE GENERAL PARTNER UPON REQUEST.  BY ACCEPTING THE INFORMATION PROVIDED, EACH RECIPIENT AGREES TO THE FOREGOING.

THE INFORMATION PROVIDED HEREIN CONTAINS OPINIONS OF THE GENERAL PARTNER AND CERTAIN FORWARD LOOKING STATEMENTS, WHICH MAY INCLUDE PROJECTIONS OF THE FUTURE PERFORMANCE OF THE FUNDS AND THEIR PORTFOLIO COMPANIES.  SUCH OPINIONS SHOULD NOT BE RELIED UPON AS FACT, AND SUCH FORWARD LOOKING STATEMENTS ARE NECESSARILY SUBJECT TO A HIGH DEGREE OF UNCERTAINTY.  ACTUAL RESULTS MAY VARY MATERIALLY FROM PROJECTED RESULTS.