Daiwa Capital Management Silicon Valley Inc.

Located in Palo Alto, California, Daiwa Capital Management Silicon Valley Inc. ("DCMSV") is an investment advisory company that manages a fund of funds (“FOF”), which is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. The purpose of the FOF is to provide a limited number of institutional investors – mainly Japanese investors – with an opportunity to realize long-term capital appreciation through the acquisition of interests in a select group of venture capital investment funds in the U.S. technology and innovative business sectors. DCMSV is a wholly-owned subsidiary of Daiwa Asset Management Co., Ltd. (“Daiwa AM”) which, in turn, is a wholly-owned subsidiary of Daiwa Securities Group Inc. ("DSGI") DSGI is a publicly-traded, holding company of Daiwa Securities Group and one of the world’s largest securities and financial services firms. Incorporating a “holding company” structure, DSGI manages and controls its domestic and overseas subsidiaries to provide financial services in: securities retail, securities wholesale, asset management, research and development, venture capital, back office operations, and real estate management. Through its subsidiaries, DSGI maintains a comprehensive global network, with its overseas offices strategically located in the world’s principal financial centers, including New York City.