¹Targeted preferred return anticipated to be paid current each quarter in arrears. All projections, financial or otherwise, are for illustrative purposes only and should not be construed as what actual results will be, rather, such projections or target returns should be viewed as merely an estimate of what results could be if the underlying assumptions and estimates prove to be accurate. The estimates reflect the best judgment of Driftwood Capital (and its subsidiaries); however, they involve a number of risks and uncertainties. No representations or warranties whatsoever are made by Driftwood Capital or any other person or entity as to the future profitability of investment outcomes or the results of making an investment.

²The minimum investment amount is subject to the discretion of the Manager. The Manager may, in its absolute discretion, permit or require a lower or higher initial or subsequent investment by any prospective or existing investor. Such discretion may be exercised without prior notice and without offering the same terms to other investors.

³ The anticipated hold period is 5 years + two 1-year extension.

* Target internal rate of return (IRR) listed is aspirational and not a prediction or guarantee of performance. It is based on current market conditions, specific assumptions, and Driftwood financial modeling, which are subject to change. The calculations and assumptions used to derive the Target IRR are hypothetical. Specific calculations are available upon request. Actual realized data will differ materially. All projections, financial or otherwise, are for illustrative purposes only and should not be construed as what actual results will be. Rather, such projections or target returns should be viewed as merely an estimate of what results could be if the underlying assumptions and estimates prove to be accurate. There is no assurance that actual returns will meet or exceed the targeted returns, and they may be materially lower. These forward-looking statements are estimates reflecting the best judgment of Driftwood Capital (and its subsidiaries and/or affiliates). The target returns presented herein are hypothetical in nature, are based on a number of assumptions, do not reflect actual investment results, and there is no guarantee of future results. In addition, a specific investor’s actual performance may be materially different from such illustrative data depending on numerous factors. There are certain limitations inherent in hypothetical results like those portrayed herein. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any transaction. One of the limitations of hypothetical performance results is that they do not reflect transactions in actual client accounts and do not reflect the impact that material economic and market factors may have had on the decision-making associated with the transactions and funds. Unlike an actual performance record, hypothetical performance results do not represent actual completed transactions. The information contained herein is intended only for qualified investors who are knowledgeable about investments and the associated risks. No representations or warranties whatsoever are made by Driftwood Capital, LLC or any other person or entity as to the future profitability of investment outcomes or the results of making an investment. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. Potential investors should conduct their own due diligence and consult their own legal, tax, and financial advisors before investing. This document does not constitute an offering of securities.

¹ Profile Magazine. (September 29, 2025). Tao Group Hospitality Maintains Its Edge While Expanding.
² These project descriptions, including the number of hotel keys, restaurant concepts, and specific square footage for meeting, event, and entertainment venues, represent planned developments and current intentions of management. These statements are "forward-looking" and are subject to change. There is no guarantee that the project will be completed as described or at all.
³ Such benefits are subject to individual investor eligibility and prevailing tax regulations. The availability of Opportunity Zone tax benefits and EB-5 visa eligibility is subject to complex federal regulations and individual circumstances. Driftwood does not provide tax, legal, or immigration advice. Investors should consult with their own professional advisors regarding the potential tax and immigration consequences of an investment.

All information is as of the date indicated and is subject to change without notice. There can be no assurance or guarantees that the anticipated design, specifications, and/or strategies will be achieved or met or that Driftwood its affiliates and/or its subsidiaries will be able to implement its strategy and/or approach or achieve its investment objectives. No representations or warranties whatsoever are made by Driftwood, its affiliates and/or its subsidiaries. The data herein is for informational purposes only.

Nothing herein constitutes an offering of securities. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. The description of the project listed herein is summary in nature and does not include all of the relevant and potential high degree of risks. Anyone considering an investment must read and review in its entirety the private placement memorandum, subscription agreement and the operating agreement of the investment entity (collectively the “Offering Documents”), which describe the terms and risks of investment in detail. Any terms in this document that conflict with the Offering Documents shall be superseded by the terms of the Offering Documents. Any person considering an investment should be aware of all the risks and should consult their own investment, legal, business, tax and financial advisors, to determine the merits and risks of such investments. No representations or warranties whatsoever are made by Driftwood Capital, LLC or any other person or entity as to the future profitability of investment outcomes or the results of making an investment.

¹As of November 25, 2025., Driftwood confirmed projected sources of capital total of ~$336M. Figures shown are approximate and subject to change due to current market and other conditions. Driftwood is actively negotiating with a lender to increase loan proceeds and has expanded capacity to accept additional commitments of common equity. While Driftwood believes it is reasonably likely to secure additional financing and fill the new equity slots, there can be no assurance that any additional funds—debt or equity—will ultimately be obtained. The capitalization stack shown above represents the current financing plan, however, final amounts and percentages are subject to change based on market conditions and final executed loan documents, and there can be no assurance that the project will be fully capitalized as described. 
²The preferred equity position remains subordinate to all senior secured debt. Projected combined leverage approximately 71% loan-to-cost. The realization of the projected LTC is based on current development budget, financing assumptions, and capitalization structure; dependent on the successful execution of operational optimization and brand standard initiatives, which is subject to change.
3. Subject to available cash flow and the discretion of the Manager. Distributions are projected and are not guaranteed. Target returns are forward looking and based on a number of assumptions; they do not reflect actual investment results. Target returns should be viewed as merely an estimate of what results could be if the underlying assumptions and estimates prove to be accurate. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forecasts and are not guarantees of performance or results.
³ QOZ investments are highly complex and carry specific tax implications under the Tax Cuts and Jobs Act of 2017. Nothing herein is intended as nor should be construed as tax advice. Tax laws are subject to change, and the availability and impact of any potential tax benefits will depend on individual investor circumstances. Independent tax and legal advice should be sought.
⁴ These project descriptions, including the number of hotel keys, restaurant concepts, and specific square footage for meeting, event, and entertainment venues, represent planned developments and current intentions of management. These statements are "forward-looking" and are subject to change. There is no guarantee that the project will be completed as described or at all.
⁵ These features are expected to support operations, but outcomes depend on leasing, construction, permitting, market demand, operating performance, and other risks.
⁶ For a complete schedule of all potential fees and expenses, please refer to the 'Fees and Expenses' section of the Private Placement Memorandum (PPM).

This webpage is a preliminary summary for discussion purposes only and does not contain all material information. Nothing herein constitutes an offering of securities. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. The descriptions of the project listed herein are summary in nature and do not include all of the relevant and potentially high degree of risks. Anyone considering an investment must read and review in its entirety the private placement memorandum, subscription agreement and the operating agreement of the investment entity (collectively the “Offering Documents”), which describe the terms and risks of investment in detail. Any terms in this document that conflict with the Offering Documents shall be superseded by the terms of the Offering Documents. Any person considering an investment should be aware of all the risks and should consult their own investment, legal, business, tax and financial advisors, to determine the merits and risks of such investments. No representations or warranties whatsoever are made by Driftwood Capital, LLC or any other person or entity as to the future profitability of investment outcomes or the results of making an investment.

¹Information is for illustrative purposes only. For detailed information, please refer to your own business, tax, and legal advisors. Additional information may also be obtained at: IRS https://www.irs.gov/credits-deductions/businesses/opportunity-zones.

This webpage is a preliminary summary for discussion purposes only and does not contain all material information. Nothing herein constitutes tax advice or an offering of securities. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. The descriptions of the project listed herein are summary in nature and do not include all of the relevant and potentially high degree of risks. Each prospective investor should consult its own tax, legal, and financial adviser regarding all aspects of the Federal Qualified Opportunity Zone Program and the U.S. federal income as well as other tax consequences to it in light of such investor’s particular circumstances with respect to an investment in the Project and to determine the merits and risks of such an investment. The description of the project listed herein is summary in nature and does not include all of the relevant and potentially high degree of risks. Anyone considering an investment must read and review in its entirety the private placement memorandum, subscription agreement and the operating agreement of the investment entity (collectively the “Offering Documents”), which describe the terms and risks of investment in detail.

Nothing herein constitutes an offering of securities. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. The descriptions of the project listed herein is summary in nature and does not include all of the relevant and potential high degree of risks. Anyone considering an investment must read and review in its entirety the private placement memorandum, subscription agreement and the operating agreement of the investment entity (collectively the “Offering Documents”), which describe the terms and risks of investment in detail. Any terms in this document that conflict with the Offering Documents shall be superseded by the terms of the Offering Documents. Any person considering an investment should be aware of all the risks and should consult their own investment, legal, business, tax and financial advisors to determine the merits and risks of such an investments. No representations or warranties whatsoever are made by Driftwood Capital, LLC or any other person or entity as to the future profitability of investment outcomes or the results of making an investment.

Nothing herein constitutes an offering of securities. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. The descriptions of the project listed herein is summary in nature and does not include all of the relevant and potential high degree of risks. Anyone considering an investment must read and review in its entirety the private placement memorandum, subscription agreement and the operating agreement of the investment entity (collectively the “Offering Documents”), which describe the terms and risks of investment in detail. Any terms in this document that conflict with the Offering Documents shall be superseded by the terms of the Offering Documents. Any person considering an investment should be aware of all the risks and should consult their own investment, legal, business, tax and financial advisors to determine the merits and risks of such an investments. No representations or warranties whatsoever are made by Driftwood Capital, LLC or any other person or entity as to the future profitability of investment outcomes or the results of making an investment.

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