Disclaimer

This Memorandum has been prepared to assist prospective investors in making their own preliminary evaluation and does not purport to contain all the information which a prospective investor may desire. In all cases, prospective candidates should conduct their own investigation and analysis of the Property and the data set forth in this Memorandum. Sponsor does not make any representation or warranty as to the accuracy or completeness of the information contained in this Memorandum or made available in connection with any further investigation of the Property, including estimates or forecasts, and neither shall have any liability for any representations, expressed or implied, contained in, or omitted from, this Memorandum or any other written or oral communications transmitted to the recipient in the course of the evaluation of the Property. The only information which will have any legal effect will be that specifically represented in a definitive agreement and the closing documents provided for therein. This Memorandum contains statements which constitute forward looking statements. These statements appear in a number of places in this Memorandum. Recipients are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may dier materially from those in the forward looking statements as a result of various factors. Only those representations and warranties made in a definitive, written agreement, and subject to such limitations and restrictions as may be specified therein, shall have any legal or binding effect. By accepting this Memorandum, the recipient agrees to keep confidential the information contained herein or made available in connection with any investigation of the project. Without limiting the foregoing, the recipient acknowledges and agrees that: (1) Sponsor will not be subject to any liability based on the information contained in the Memorandum, errors therein or omissions therefrom, whether or not Sponsor knew or should have known of any such errors or omissions, or was responsible for or participated in its inclusion in or omission from this Memorandum; (2) the recipient will not copy, reproduce or distribute to any third party this Memorandum, in whole or in part, other than with the prior written consent of Sponsor; and (3) any proposed actions by the recipient which are inconsistent in any manner with the foregoing will require the prior written consent of Sponsor. Sponsor reserves the right to negotiate with one or more prospective investor(s) at any time and to enter into a definitive agreement without notice to any other investor. Also, Sponsor reserves the right not to pursue the matters discussed herein and to terminate, at any time, further participation in the investigation and proposal process by any investor, and to modify data, documentation and other procedures without assigning any reason thereto.