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This discussion material is solely intended for companies in which the InvestMichigan! Program may be potentially interested in investing, and for no one else.

This discussion material has been prepared solely for informational purposes and is not an offering document for any securities or a solicitation of any offer to purchase or to sell any security or to participate in any trading strategy. The information herein outlines the general structure, and summarizes certain but not all of the characteristics of the InvestMichigan! Program. This material is furnished to you to determine your preliminary interest in the InvestMichigan! Program investing in your company.

The information contained herein is confidential information. By accepting such information, the recipient agrees that it will, and it will cause any of its directors, partners, officers, employees and representatives to use such information only to evaluate its potential interests in the Program described herein and for no other purpose and will not divulge any such information to any other party. Any reproduction of such information, in whole or in part, is prohibited.