Regulatory Disclosures

1. Nature of Services

CamelStone LLC ("CamelStone") operates a technology platform that facilitates the connection between pre-IPO technology companies and qualified investors. CamelStone is not a registered broker-dealer, investment adviser, or fund manager. We do not provide investment advice, make investment recommendations, or manage client assets. All investment decisions are made solely by the investor.

2. Investment Structure

Investments facilitated through the CamelStone platform are structured as Special Purpose Vehicles (SPVs) administered by independent, regulated third-party fund administrators. CamelStone does not serve as the general partner, investment manager, or administrator of these vehicles. The terms of each investment are governed by the relevant SPV documentation provided to investors prior to commitment.

3. Accredited Investor Requirement

Investment opportunities presented on the CamelStone platform are available exclusively to accredited investors as defined under applicable securities regulations, including but not limited to Regulation D of the U.S. Securities Act of 1933, or equivalent standards in other jurisdictions. CamelStone conducts verification procedures to confirm investor accreditation status prior to granting access to deal materials.

4. Risk Factors

Pre-IPO investments in private technology companies involve substantial risk and are suitable only for sophisticated investors who can afford to lose their entire investment. Key risk factors include, but are not limited to:

• Illiquidity Risk: Private company shares are not traded on public exchanges. There is no guarantee of a liquidity event such as an IPO or acquisition, and investors may be unable to sell their positions for an extended period.
• Valuation Risk: Pre-IPO valuations are based on private market transactions and may not reflect the price at which shares will trade publicly. Public market valuations may be significantly lower than private valuations.
• Dilution Risk: Subsequent financing rounds may dilute existing shareholders. Anti-dilution protections may not be available to SPV investors.
• Regulatory Risk: Changes in securities regulations, tax laws, or other regulatory frameworks may adversely affect returns or the ability to exit an investment.
• Operational Risk: Pre-IPO companies face significant business risks including competition, market changes, management challenges, and the potential for business failure.

5. No Guarantee of Returns

CamelStone makes no representations or warranties regarding the performance of any investment opportunity presented on the platform. Past performance of similar investments, companies, or sectors does not guarantee or indicate future results. Projected returns, if presented, are estimates only and actual results may differ materially.

6. Conflicts of Interest

CamelStone and its affiliates, officers, and employees may have financial interests in companies or investment opportunities presented on the platform. Such interests will be disclosed in the relevant deal documentation. CamelStone may receive fees, carried interest, or other compensation in connection with investments facilitated through the platform.

7. Jurisdictional Considerations

The availability of investment opportunities may be restricted in certain jurisdictions. It is your responsibility to determine whether your participation in any investment complies with applicable laws and regulations in your jurisdiction. CamelStone does not make any representation that the platform or its services are appropriate or available for use in all locations.

8. Forward-Looking Statements

Materials on the platform may contain forward-looking statements regarding company performance, market conditions, and investment outcomes. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Investors should not place undue reliance on forward-looking statements.