Disclaimer

This Disclaimer applies to projectunderdogs.com and all websites, content, classes, Events, communications, materials and services of Project Underdogs LLC ("Project Underdogs," "we," "us" or "our"), as defined in our Terms of Use (the "Services"). It is part of, and incorporated into, our Terms of Use. Capitalized terms not defined here have the meanings given in the Terms of Use. By using the Services, you acknowledge and agree to this Disclaimer.

All content, curricula, guides, templates, worksheets, videos, classes, Events, emails, posts and other materials provided through the Services, and all statements made by Project Underdogs or any Contributor, are for general educational and informational purposes only. They are general in nature and are not tailored to your individual circumstances.

Nothing in the Services is, or should be relied on as, legal, tax, accounting, immigration, securities, investment, financial, insurance, real estate, employment, regulatory or other professional advice. Your use of the Services, your Submission of an application, your participation in the Program or any Event, or any communication with us or any Contributor does not create an attorney-client, accountant-client, advisory, fiduciary, broker, agency or other professional or special relationship. You should consult qualified, licensed professionals in your jurisdiction before making any legal, tax, financial, investment, immigration or business decision.

Nothing in the Services constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation of any security, fund interest, SAFE, convertible note, loan or other financial product or investment. Any such offer will be made only through definitive offering or Investment Documents, only to persons who meet applicable eligibility requirements, and only in compliance with the Securities Act of 1933, applicable state securities laws and other applicable law. No securities regulator, including the U.S. Securities and Exchange Commission or any state securities commission, has reviewed, approved or passed on the merits or accuracy of any content in the Services. Information about the Program, any Affiliated Fund or any investment approach is a general description only, is subject to change without notice, and is qualified in its entirety by any definitive documents.

Project Underdogs is not registered as a broker-dealer, investment adviser, funding portal, lender, mortgage broker or loan broker, and does not act in any such capacity through the Services. We do not

provide recommendations about whether to buy, sell or hold any security, and we do not handle, hold or transmit investor funds through the Services.

We do not guarantee and make no promise or representation regarding:

• Acceptance into the Program or any class
• Any investment, funding, loan, grant, check, amount, valuation or terms, from Project Underdogs, any Affiliated Fund or anyone else
• Graduation from the Program, or that meeting any published standard will result in graduation, introductions or investment
• Any introduction to, meeting with, interest from, or investment by any investor, private equity firm, lender, customer, partner or other Third Party
• Any revenue, profit, growth, valuation, exit, return or other business or financial outcome

All decisions about acceptance, graduation, introductions and investment are made in the sole discretion of the decision-maker, may be based on factors not disclosed to you, and may change. Program criteria, graduation standards, terms and processes may be modified, suspended or discontinued at any time.

Investors, private equity firms, lenders, mentors, speakers, service providers, partners and other Third Parties and Contributors are independent of Project Underdogs, unless we state otherwise in writing. We do not endorse, guarantee, supervise or take responsibility for their identity, qualifications, statements, advice, conduct, offers, terms, products or services, or for any transaction between you and them. Their views are their own. Any decision to engage with, rely on, accept funding from or enter into an agreement with a Third Party is solely yours, and you should perform your own due diligence and obtain independent professional advice.

The Services may contain forward-looking statements, including statements about plans, objectives, expectations, projections, targets, intentions and future events relating to Project Underdogs, the Program, any Affiliated Fund or founders' businesses, which may be identified by words such as "expect," "plan," "goal," "target," "aim," "will," "may," "intend," "anticipate" or "believe." These statements are based on current assumptions, are not guarantees of future performance, and involve risks and uncertainties that may cause actual results to differ materially. We undertake no obligation to update any forward-looking statement.

Investing in and building early-stage and small businesses involves a high degree of risk. Most new businesses fail, and investments in them may lose all of their value, may be illiquid for many years or indefinitely, and may be diluted. Taking on investment involves giving up ownership, control or other

rights, and taking on debt involves repayment obligations and may involve personal guarantees or collateral. Past performance of any business, founder, investor or fund is not indicative of future results.

Examples, case studies, scenarios and sample figures in the Services are illustrative, and unless expressly identified as real, the people and businesses described are fictional. Any resemblance to actual persons or businesses is coincidental. Testimonials and success stories reflect the individual experiences of particular people, may not be representative, and are not a guarantee or prediction that you will achieve the same or similar results. Results depend on many factors, including your effort, skills, market, timing and circumstances outside your control. Unless stated otherwise, individuals who provide testimonials have not been paid for them; where a material connection exists, we will disclose it.

We strive to provide accurate information, but laws, regulations, government programs, tax rules, interest rates, market conditions, costs and business practices change frequently and vary by federal, state and local jurisdiction and by industry. Figures, ranges, timelines and examples are general estimates only, are not quotes or offers, and may be out of date. We make no representation or warranty that any content is accurate, complete, current, reliable or suitable for any purpose, and we have no obligation to update it. Always verify information with the relevant government agency or a qualified professional before relying on it.

The Readiness Quiz, calculators, worksheets, scorecards, templates and other tools are provided for convenience only. Their results depend entirely on the information entered and on built-in assumptions, may contain errors, and are not advice, a recommendation, an assessment of eligibility, or a prediction of acceptance or funding. Templates of legal, financial or business documents are general samples that may not comply with the laws of your jurisdiction or be suitable for your situation, and should be reviewed by a qualified professional before use.

General information about founders who are immigrants is not immigration advice. Your ability to start, own, work in or be paid by a business, and your eligibility for any program, loan or investment, may depend on your immigration status and other factors. Consult a licensed immigration attorney or a U.S. Department of Justice accredited representative about your specific situation. Project Underdogs does not sponsor visas or provide immigration services.

Founders under 18 should involve a parent or legal guardian in all business, legal and financial decisions. Minors generally cannot enter into binding contracts on their own, and any Program Agreement or

Investment Document involving a minor will require the participation of a parent or legal guardian and must comply with applicable law.

The Services may link to third-party websites, resources, products and services for convenience only. Links do not constitute an endorsement, and we are not responsible for the content, accuracy, availability, security or practices of any third-party site.

Views and opinions expressed by Contributors, guests, founders, investors or community members in the Services, Events or communications are their own and do not necessarily reflect the views of Project Underdogs, its members or its affiliates.

You are solely responsible for evaluating and assume all risks associated with your use of and reliance on the Services and any decision you make. To the fullest extent permitted by law, Project Underdogs and the other Project Underdogs Parties will not be liable for any loss or damage of any kind arising from your use of or reliance on the Services, as more fully set out in Sections 19 to 22 of the Terms of Use.

Questions about this Disclaimer may be sent to support@projectunderdogs.com.