A little bit about Catamaran: Catamaran is a regional business accelerator dedicated to providing start-up and emerging technology companies with workspace, technical and business resources, education and a forum for supporting the development of emerging and growing technology enterprises. Acceptance into the Catamaran Accelerator is at the sole discretion of the Board of Managers of Catamaran and is subject to a participant’s execution of an Accelerator Agreement. Upon signing an Accelerator Agreement, each participant company will be required to convey 3% of its equity, measured on a fully diluted basis, to Catamaran (the “Participant Equity”). If Catamaran sells, liquidates, exchanges or otherwise transfers the Participant Equity, Catamaran plans to distribute the net profits thereof (less applicable expenses, costs, losses, taxes, etc.) equally among all Catamaran Accelerator alumni companies, subject to the sole discretion of the Catamaran Board of Managers.