Disclaimer

This presentation has been prepared solely for use by prospective investors of valley capital partners iii, lp (the “fund”) and shall be maintained in strict confidence. Any reproduction or distribution of this overview, in whole or in part, or the disclosure of its contents, without the prior written consent of the fund’s general partner or management company is prohibited. This overview will be returned to the general partner or management company upon request. The existence and nature of all conversations regarding the fund must be kept confidential.

This overview has been prepared in connection with a private offering to accredited investors of limited partnership interests in the fund (the “interests”). Each investor will be required to execute a limited partnership agreement and a subscription agreement to affect an investment. If any of the terms, conditions or other provisions of such agreements are inconsistent with or contrary to the descriptions or terms in this overview, such agreements shall control.This overview does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. Neither the u.S. Securities and exchange commission nor any other federal, state or foreign agency has approved an investment in the fund. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of this overview. It is the responsibility of any person or entity wishing to purchase an interest to satisfy himself, herself or itself as to the full observance of the laws of any relevant territory in connection with any such purchase, including obtaining any required governmental or other consents or observing any other applicable formalities.

The interests have not been registered under the u.S. Securities act of 1933, as amended, or any state securities laws or the laws of any foreign jurisdiction. The fund will not be registered as an investment company under the u.S. Investment company act of 1940, as amended (the “company act”). Consequently, investors will not be afforded the protections of the company act.

The fund’s investments will be characterized by a high degree of risk, volatility and illiquidity. Certain information contained herein has been obtained from other parties. While such sources are believed to be reliable, neither the fund, the general partner, the management company, nor their respective affiliates assume any responsibility for the accuracy or completeness of such information. In addition, the logos of the companies included herein are not presented as an indication of endorsement.

The information set forth in this overview does not purport to be complete and no obligation to update or otherwise revise such information is being assumed. A prospective investor must rely solely on the terms of, and disclosure of information in the fund’s governing documents; the only basis on which subscriptions may be made. In considering the prior performance information of the individual investments contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that the fund will achieve comparable results.

Certain statements in this overview constitute forward-looking statements. Such forward-looking statements, including the intended actions and performance objectives of valley capital partners I lp and valley capital partners ii lp, involve known and unknown risks, uncertainties, and other important factors that could cause the actual results, performance, or achievements of the valley fund to differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements.