February 6, 2018 CONFIDENTIAL SUMMARY OF TERMS The following information summarizes certain provisions of the principal agreements of Neoteny 4, LP and is qualified in its entirety by the principal agreements relating thereto: The Fund Neoteny 4, LP (the "Fund"), a Delaware limited partnership. Investment Objective The primary purpose of the Fund will be to make venture capital investments, principally by investing in and holding equity, equity-oriented and debt securities of early/seed-stage privately held companies selected by the General Partner. The companies in which the Fund invests are sometimes referred to collectively as the "Portfolio Companies." Size The Fund is seeking an aggregate of $30 million to $50 million in capital commitments from limited partners ("Limited Partners"); provided that the General Partner reserves the right to form the Fund with a lesser or greater amount of such commitments. The General Partner and the Limited Partners are sometimes referred to collectively as the "Partners." Securities Offered Limited Partnership Interests ("LP Interests"). General Partner Management of the Fond Minimum Interest The general partner of the Fund will be Neoteny 4 GP, LLC (the "General Partner"), a newly formed Delaware limited liability company. The General Partner and/or its affiliates will commit at least $100,000 directly or indirectly to the Fund. The General Partner will provide certain administrative and advisory services to the Fund. The sole manager of the General Partner will be Joichi Ito. The General Partner will manage the Fund and will have ultimate legal authority with respect to investment decisions, including decisions such as terms and conditions of investments, selection and oversight of Portfolio Companies, timing of and terms of sales of or realization of gains or losses on investments and registration under federal and state securities laws. The minimum capital commitment for a Limited Par