Regulatory Disclaimer

Venture capital funds are subject to various federal and state securities laws and regulations, including the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940. These laws and regulations govern the offering, sale, and management of securities, as well as the disclosure and reporting requirements for investment companies. Policies and regulations are constantly evolving in response to changing market conditions. For example, the SEC recently adopted amendments to the definition of "accredited investor" to expand the pool of eligible investors for private offerings. Additionally, the SEC has proposed changes to the rules governing the use of finders in private offerings. Pending and future changes to the regulatory environment may impact FIC investment strategies.

Venture capital funds must comply with various compliance requirements, including registration with the SEC as an investment adviser, compliance with anti-fraud provisions, and adherence to reporting and disclosure requirements. Additionally, venture capital funds must comply with state securities laws and regulations in the states where they operate. This investment document (the "Document") has been prepared by FIC (The Company) to assist prospective investors in making their preliminary evaluations of a limited partnership, and this Document does not purport to contain all the information that a prospective investor may need or desire to make an investment decision. In all cases, prospective limited partnership candidates should conduct their investigations and analyses of their investment and the data set forth herein.

The Company does not make any representation or warranty as to the accuracy or completeness of the information contained in this Document. The only information that will have any legal effect will be that information specifically represented in a definitive agreement and the closing documents provided therein by FIC. This Document is not, and under no circumstances is it to be construed as, a prospectus, a public offering of securities, an offer to invest, or an offering memorandum as defined under applicable securities legislation. This Document may contain statements that constitute forward-looking statements. These statements may appear in several places in this Document and may appear as statements of prospective facts. Recipients are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements because of various factors.

By accepting this Document, the recipient agrees to keep confidential the information contained herein or made available in connection with any investigation of the Company. Without limiting the foregoing, the recipient acknowledges and agrees that: (1) the Company will not be subject to any liability based on the information contained in this Document; (2)the recipient will not copy, reproduce, or distribute this Document, in whole or in part, to any third party without the prior written consent of the Company; and (3) any proposed actions by the recipient that are inconsistent in any manner with the foregoing will require the prior written consent of the Company. The Company reserves the right not to pursue the matters discussed herein and to terminate, at any time, further participation in the investigation and proposal process by any investor and to modify data, documentation, and other procedures without assigning any reason thereto.