FORWARD-LOOKING STATEMENT: *This disclosure contains forward-looking information that is not complete. Please refer to Issuer’s current offering memorandum for full details. The forward-looking information is management’s projections based on project planning, and analysis using industry-accepted assumptions and analysis techniques for the real estate market for Langford and the project area in particular. While management believes its assumptions and analysis are valid and reasonable, actual results may vary from the forward-looking information and there are a number of inherent risk factors, such as variability in real estate pricing, prices for construction materials, and government policy that could have a negative impact on the Issuers and could cause actual results to differ materially from the forward-looking information. The Issuers undertake no responsibility to update their forward-looking information. The reader is directed to the Issuer’s current offering memorandum for full consideration of the risks, assumptions, and forward-looking information.