Disclosures

This presentation has been prepared solely for use by prospective investors of Depth Ventures Fund I, L.P. (the “Fund”) and shall be maintained in strict confidence. Any reproduction or distribution of this presentation, in whole or in part, or the disclosure of its contents, without the prior written consent of Depth Ventures LLC (together with its affiliates, the “Sponsor”) is prohibited. This presentation will be returned to the Sponsor upon request. The existence and nature of all conversations regarding the Fund must be kept confidential.

This presentation has been prepared in connection with a private offering to accredited investors of limited partnership interests in the Fund (the “Interests”). Each investor will be required to execute a subscription agreement, a limited partnership agreement, and/or other definitive transaction documents to effect an investment (collectively, “Governing Documents”). If any of the terms, conditions or other provisions of the Governing Documents are inconsistent with or contrary to the descriptions or terms in this presentation, the Governing Documents shall control.

This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any security in any jurisdiction in which it is unlawful to make such an offer or solicitation. Neither the U.S. Securities and Exchange Commission nor any other federal, state or foreign agency has approved an investment in the Fund. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of this presentation. The Interests have not been registered under the U.S. Securities Act of 1933 or any state securities laws or the laws of any foreign jurisdiction. The Fund will not be registered as an investment company under the U.S. Investment Company Act of 1940. Consequently, investors will not be afforded the protections of the foregoing statutes.

The information set forth in this presentation does not purport to be complete and unless expressly indicated otherwise, is current as of the date on the cover of this presentation. The Sponsor assumes no obligation to update or otherwise revise the information contained in this presentation, irrespective of any new information that becomes available to the Sponsor or comes to its attention. No undertaking, representation, warranty, or other assurance, express or implied, is made or given by the Fund or the Sponsor as to the accuracy or completeness of the information or opinions contained in this presentation, and no responsibility or liability is accepted by either of them for any such information or opinions. Certain information contained herein has been obtained from other parties. While such sources are believed to be reliable, neither the Fund nor the Sponsor assumes any responsibility for the accuracy or completeness of such information. A prospective investor must rely solely on the terms of, and disclosure of information in, the Governing Documents, the only basis on which subscriptions may be made.

The graphs, charts and other visual aids are provided for informational purposes only and cannot, of themselves, be used to make investment decisions. No representation is made that these will assist any person in making investment decisions and no graph, chart or other visual aid can capture all factors and variables required in making such decisions.

In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that the Fund will achieve comparable results. Certain statements in this presentation constitute forward-looking statements. Such forward-looking statements, including the intended actions and performance objectives of the Fund or the Sponsor referenced herein, involve known and unknown risks, uncertainties, and other important factors that could cause the actual results, performance, or achievements of the Fund or the Sponsor to differ materially.

This material includes projected performance summaries of the Fund’s investments. Projections are hypothetical in nature and are shown for illustrative, informational purposes only. They represent potential results based on subjective assessments by the Sponsor of key underlying factors. In calculating the projected returns, the Sponsor has made a variety of estimates and assumptions including, among others, estimates of future operating results, the value of assets and market conditions at the time of disposition, related transaction costs, and the timing and manner of disposition or other realization events. These estimates and assumptions are inherently uncertain and are subject to numerous business, industry, market, regulatory, competitive and financial risks that are outside the control of the Sponsor. Actual operating results, asset values, timing and manner of dispositions or other realization events and resolution of other factors taken into consideration may differ materially from assumptions made by the Sponsor. No representation or warranty is made as to the reasonableness of the assumptions made or that all assumptions used in achieving the returns have been stated or fully considered. Changes in the assumptions may have a material impact on the projected returns presented. Projected returns do not reflect the actual returns of any portfolio and do not guarantee future results.

This document includes statements based on the Sponsor’s subjective judgements, beliefs and opinions that are subject to change. Other market participants or third parties may have different views or may reach different determinations relating to the investment thesis as described by the Sponsor.

Each reference to “we,” “our,” or other similar plural possessive pronoun used in this presentation shall be deemed to refer solely to the Sponsor as a whole.

An investment in the Fund involves significant risk, volatility, and illiquidity. There is no guarantee that the Fund’s investment objective will be achieved. There is the possibility of loss, and all investment involves risk, including the loss of entire principal.