Disclaimer

A. Neither the announcements nor publications of this Conference Guide nor the Conference itself constitute an offer to sell or the solicitation of an offer to purchase securities.

B. ESE, its employees, consultants, directors, officers and volunteers take no responsibility for or make any representation as to the accuracy of statements, written summaries, presentations of, or other information provided by the participating companies. All such statements and presentations are the solely the responsibility of the participating companies. The material presented in this conference guide is intended to be strictly informational.

C. ESE, a non-profit organization, is not acting as a broker, dealer of securities or investment advisor and is not a licensed entity under applicable federal and state security laws. If any investment occurs as a result of ESE, it will be solely on the initiative of the investor without participation by, or transaction-related compensation to ESE or its officers, employees, consultants or volunteers. Investments in a company presenting or exhibiting at ESE involve a high degree of risk. Investors must perform their own "due diligence" and seek legal and other professional counsel prior to making any investment decision. ESE makes no warranty or representation as to any participating company as an investment opportunity.

D. It is expected that potential investors will conduct their own investigation of the facts submitted by the participating companies, solicit such information from the participating companies, as needed, to make an informed decision and negotiate the terms of their own investment, if any, without any participation by ESE or any agents of ESE.

E. ESE may be paid compensation by participating companies and attendees to attend, present and exhibit at ESE, but such compensation is solely in connection with such participation in ESE and is unrelated to any third-party investment in such companies. ESE serves merely as a venue to allow interested persons to view the ideas and activities of participating companies.