The information contained in this presentation is submitted on a confidential basis. It is being furnished to you for your use as a “qualified investor” (an “investor“) who has an interest in a prospective investment in real estate managed by Klosed Funds, LLC, an affiliate (the “manager an «investor») or a partner of the manager (the “partner“).

By accepting this presentation, the recipient agrees that the information set forth herein will be kept strictly confidential, absolutely private, and will not be distributed under any circumstance, copied, reproduced, or used for any other purpose without the express written consent of the manager. This presentation has been prepared for informational purposes relating only to this potential transaction and upon the expressed understanding that it will be used for only the purpose set forth above. All information presented in this presentation and all estimates or projections as to future performance are believed to be complete and accurate; however, the manager expressly disclaims any and all liability for representations (express or implied), statements, estimates and projections contained in, or for omissions from, this presentation or any other written or oral communication transmitted to any interested party in the course of its evaluation of a potential transaction.

The manager does not expect to update or otherwise revise this presentation or any other materials supplied herewith, and each of those parties expressly disclaims any and all liability which may be based on such information errors therein or omissions therefrom. This presentation does not purport to be all-inclusive or contain all of the information which a prospective investor may desire and neither constitutes an offer to sell any securities nor any representation or warranty by the manager. Any such offer, representation or warranty will, to the extent made, be included only in a definitive written agreement with the manager. Before making an investment, each investor should be individually satisfied with the terms and conditions of such an agreement and their own evaluation of the investment. Please note that any membership interest in the venture as described hereunder shall not have been registered under the securities act of 1933, as amended, or under any applicable state securities laws. The venture interests are restricted securities within the meaning of rule 144 promulgated under the securities act of 1933. As a result, the interests may not be sold, assigned, pledged, or otherwise disposed of at any time without effective registration under such act and laws (or exemptions therefrom) and compliance with the other substantial restrictions on transferability to be set forth in the documentation. The performance information contained herein is provided for informational purposes only.

The manager makes no representation of its accuracy, and it should not be assumed that past performance is an indication of future results. There can be no assurance that the manager will earn the rates of return indicated herein. This document includes forwardlooking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results could differ materially from the stated current expectations. Forwardlooking statements are identified by but not limited to words such as “anticipates”, “projects”, “expects”,”plans”, “intends”, “believes”, “estimates”, and other similar expressions that indicate trends and future events. Factors that could cause the Company’s results to differ materially from those expressed in forward-looking statements include, without limitation, variations in demand for real estate, general business and economic conditions beyond the Company’s control, timing and completion of the acquisitions, and the consequences of competitive factors in the marketplace including the ability the attract and retain customers. The manager undertakes no obligation to revise or update forward-looking statements as a result of new information, since these statements may no longer be accurate or timely. Any income and earning’s represented are used as examples or based on existing contracts and are only as accurate as per the information provided the manager does not function as the investor’s real estate agent/broker, accountant, lawyer or financial advisor. We are in a market with rapid changes.

It is highly recommended that you perform your own due diligence. There are no guarantees made and your returns could be higher, lower, or you could lose money. The manager shall have no liability, contingent or otherwise, to an investor or third parties, or any responsibility whatsoever, for the correctness, quality, accuracy, pricing, reliability, performance, completeness of the data or information provided herein or for any other aspect of the performance of these materials, and nothing contained herein shall be relied upon as a promise or representation whether as to past or future performance.