Does the iSelect Fund take a board seat with its portfolio companies?

Typically, iSelect Fund has observer rights for all Board Meetings that occur during any offering in which iSelect Fund is participating.  If the iSelect Fund invests more than $500,000 in a portfolio company, it will request the right to have an observational seat on the company’s board of directors as long as it holds its investment.  Typically board seats allocated to the securities offered in financings in which iSelect Fund participates are occupied by representatives of the venture capital funds that partner with iSelect Fund.  iSelect Fund typically will not take a board seat unless a member of the iSelect team offers unique expertise that is critical to the business of the company offering the board seat.