TERMS AND CONDITIONS OF USE

By accessing or using this website (the “Website”) of Red Reef Partners, L.P. and its affiliates (collectively, “Red Reef”), you hereby accept and agree to comply with the following terms and conditions of use. PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY BEFORE USING THIS WEBSITE. YOUR USE OF THIS WEBSITE INDICATES YOUR AGREEMENT TO ABIDE BY THESE TERMS AND CONDITIONS.

YOU AGREE TO USE THE WEBSITE AT YOUR SOLE RISK. THE WEBSITE AND RELATED SERVICES ARE PROVIDED ON AN “AS IS”, “AS AVAILABLE” AND “WITH ALL FAULTS” BASIS. This website is for informational purposes only and does not constitute an offer, solicitation, or recommendation to sell or an offer to purchase any securities, investment products, or investment advisory services. Offers to sell or solicitations to invest in any Red Reef-sponsored investment or investment vehicle are made only by means of a confidential offering memorandum and in accordance with applicable securities laws.

Red Reef grants you a limited right to use the Website and reserves the right to change the Website at any time and without prior notice to you. You are not permitted to download or copy any content. The information on this Website is provided for informational purposes only. Red Reef makes no representations that investments, transactions, products or services discussed on the Website are available or appropriate for sale or use in all jurisdictions or by all investors. Red Reef makes no representations or warranties as to the accuracy, reliability or completeness of any information or document at the Website obtained from sources other than Red Reef. Certain information on the Website may contain forward-looking statements, and/or information that is not purely historical in nature, which information is subject to numerous risks and uncertainties and relevant only as of the date on which such statements are made. There is no guarantee that any forecasts will come to pass. Photos are used for illustrative purposes only and are not necessarily reflective of investments in a Red Reef-sponsored investment vehicle.

Reliance on information contained in this Website is at the sole discretion of the reader. Past performance is not indicative of current or future results. This information provided is neither tax nor legal advice and investors should consult with their own advisors before making any investment decisions. Investments involve risk including possible loss of some or all of principal. Statements contained on this Website that are not historical facts are based on current views, forward-looking expectations, estimates, projections, opinions and/or beliefs of the Red Reef team. Such statements involve risks, uncertainties and other factors. You should not rely on these statements as if they were facts. Statements on this Website are subject to change and will not be updated or otherwise revised to reflect information that subsequently becomes available or changes occurring after such date. No representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided. Investment in real estate is speculative and involves significant risk.

Investors should consider their investment objectives, and it is strongly suggested that the reader seek independent advice in relation to any investment, financial, legal, tax, accounting or regulatory risks and evaluate their own risk tolerance before investing. Any investment in a Red Reef-sponsored investment opportunity or investment vehicle is subject to various risks, none of which are outlined herein. For more information about certain of the material risks and limitations of investments in vehicles managed by Red Reef, see the relevant offering documents.

As a condition of your use of the Website, you agree to indemnify and hold Red Reef harmless from and against any and all claims, losses, liability, costs and expenses (including, but not limited, to attorney’s fees), as incurred directly or indirectly from your use of the Website or your violation of these Terms and Conditions of Use.

These Terms and Conditions of Use are governed by the laws of New York (except for conflict of law provisions). Red Reef’s failure to act in response to any breach of these Terms and Conditions of Use by any party does not constitute a waiver and will not limit Red Reef’s rights with respect to any such breach.