LEGAL

Caution Concerning Forward Looking Statements

FINRA encourages companies to disclose forward-looking information so that investors can better understand an investment product's future prospects and make informed investment decisions. The information on this website contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "projects," "intends," "plans," "believes" and words and terms of similar substance in connection with discussions of future operating or financial performance.

The forward-looking statements are based on current expectations and assumptions regarding available information and past performance, the economy and other future conditions and forecasts of future events, circumstances and results. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. The actual results may vary materially from those expressed or implied in forward-looking statements. Important factors that could cause the actual results to differ materially from those in its forward-looking statements include government regulation, economic, strategic, political and social conditions and the following factors:

• changes in the global value and importance of the US Dollar vs. other currencies;
• changes in market conditions;

• adverse changes to the individual assets we may own including their market value and liquidity;

• competitive pressures, including as a result of consumer fragmentation and changes in technology;

• the asset's ability to deal effectively with economic slowdowns or other economic or market difficulties;

• changes in advertising market conditions or advertising expenditures due to, among other things, economic conditions, changes in consumer behavior, pressure from public interest groups, changes in laws and regulations and other societal or political developments;

• Theft, misrepresentations, and the asset's ability to exploit and protect its property rights in and to its assets, its common stock, and other items;

• lower than expected valuations associated with the reporting made available to us, which could result in our inability to realize the value recorded for intangible assets and goodwill at those reporting units;

• increased volatility or decreased liquidity in the capital markets, including any limitation on the asset's ability to access the capital markets for debt securities, refinance its outstanding indebtedness or obtain bank financings on acceptable terms;

• the effects of any significant acquisitions, dispositions and other similar transactions by the asset, and the their ability to close expected acquisitions;

• the failure to meet forecasted expectations;

• the adequacy of the asset's risk management framework;

• changes in U.S. GAAP or other applicable accounting policies;

• the impact of terrorist acts, hostilities, natural disasters (including extreme weather) and pandemic viruses;

• a disruption or failure of the asset's or its partners' network and information systems or other technology relied on by the asset;

• changes in tax, federal communication and other laws and regulations;

• changes in foreign exchange rates; and

• the other risks and uncertainties detailed in the company's Confidential Information Memorandum, which will be made available to all potential asset owners.

SAGEHAL DISCLAIMER

THE ASSETS WE OFFER ARE NOT SECURITIES. This website is not intended for public viewing, and is intended for institutional investors only, and people who are part of our company or considering employment with our firm. Parts of this website are written for the company's existing owners and prospective employees. By entering this part of the site, you understand that if you do not represent an institutional investor, you are not welcome: Please click off the site.

All investments involve risk. Some investments have more risk than others, such as those that are valued based upon market demand, which are subject to market price movements, regulatory changes and economic conditions, as well as adverse political and financial factors. Investments can be affected by interest rate moves, economic cycles, tax changes, and regulatory requirements. Furthermore, there are additional risks associated with investing in investments. Investments in general, such as growth-phase assets that are not highly liquid, including this one, must be held for an extended period of years to realize returns.

ABOUT ALL PRIVATELY HELD INVESTMENTS

NOT FDIC/NCUA INSURED | MAY LOSE VALUE | NO BANK GUARANTEE NOT A DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY NOT SEC/NASD REGISTERED | APPROVED INSTITUTIONAL INVESTORS ONLY

SageHal is not affiliated with any other organizations, and exists as an entirely separate entity. SageHal does not give tax advice or legal advice. Any comments made within this site are the opinions of individual authors and do not represent SageHal. Always consult your own in-house analysts for internal review, a bonded and insured Certified Public Accountant for tax advice, and your attorney for legal advice.

LEGAL

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