Driftwood Florida Space Coast Portfolio – Private

This Presentation is not an offer to sell or the solicitation of an offer to purchase securities. All content available in this Presentation is general in nature, not directed to any particular person, and is for informational purposes only. This Presentation excludes material information, including, but not limited to, risk factors to be considered by prospective investors. The information contained herein reflects the opinions and projections of Driftwood Capital, LLC (“Driftwood”) as of the date of this Presentation, which are subject to change without notice at any time. There is no obligation to update, modify, or amend this Presentation or otherwise notify a recipient of these materials in the event that any information contained herein, or any opinion, projection, forecast, or estimate, changes or subsequently becomes inaccurate. The information provided herein is believed to be reliable and has been obtained from sources Driftwood believes are reliable, but no representation or warranty is made, express or implied, with respect to the fairness, correctness, accuracy, reasonableness, or completeness of the information and opinions. Neither Driftwood nor any of its affiliates, representatives, or executives represents that the information contained in this Presentation is accurate, current, or complete. Driftwood does not represent that any opinion or projection will be realized.

All economic and performance data is historical and must be considered in conjunction with applicable disclosures. Past performance may not be indicative of future results. There can be no assurance that the results achieved by past investments will be achieved by any future investment.

The information contained in the Presentation should not form the basis for any investment decision. This Presentation is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. Neither this Presentation nor any of its content is offered as investment, legal, or tax advice and should not be deemed as investment, legal or tax advice or a recommendation to purchase or sell any specific security. For the avoidance of doubt, no investment advice is being provided to recipients of this Presentation by Driftwood or any of its affiliates (including Driftwood Advisors, LLC), representatives, or executives. Each recipient of this Presentation should make such investigation as it deems necessary to arrive at an independent evaluation of the contents hereof and should consult its own legal, financial, and accounting advisors to determine the merits and risks of such an investment.

Investments in real estate involve a high degree of risk and should be considered only by highly sophisticated persons who can bear the economic risk of loss and illiquidity.

The investments described in this Presentation do not represent all the investments made or managed by Driftwood or its principals. All returns for any investments that have not been fully liquidated are subject to revision, and Driftwood is under no obligation to inform any recipient of this Presentation of any such revision.

All time-sensitive references are made as of the first date of dissemination of this Presentation by Driftwood to the recipient unless otherwise expressly indicated. The delivery of this Presentation does not imply that the information herein is correct as of any time subsequent thereto unless otherwise expressly indicated.

Images identified herein as renderings are artistic representations of the intended design and concept for the project. While every effort has been made to accurately depict the project’s anticipated design and concept as of the date hereof, the final product may vary from the renderings in terms of design, finishes, colors, landscaping, furniture, fixtures, equipment, and overall appearance. Driftwood reserves the right to make modifications, substitutions, or changes to the project’s design and concept, and Driftwood is under no obligation to inform any party of the same. The renderings are provided for illustrative purposes only and should not be considered as a representation or guarantee of the final outcome of the project.

Certain information contained in this Presentation constitutes “forward-looking statements” that can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “intend,” “continue,” or “believe” or the negatives thereof or other variations thereon or comparable terminology.

Projected Performance Disclaimer

The projections and other information shown on this presentation, including projected net operating income (“NOI”), is hypothetical in nature, does not reflect actual results, and is not any guarantee of future results. Projected results are based on assumptions which may not prove to be accurate. There are a number of limitations inherent in projected results like those portrayed on this slide. In addition, a specific investor’s actual performance may be materially different from such illustrative data depending on numerous factors. No representations or warranties whatsoever are made by the Company or any other person or entity as to the future profitability of an investment vehicle or the results of making an investment. Projected or past performance is not a guarantee of future results.

Target Returns Disclaimer

The target returns shown on this presentation are hypothetical in nature, do not reflect actual results, and are not any guarantee of future results. Target returns are based on assumptions which may not prove to be accurate. There are a number of limitations inherent in target returns like those portrayed on this slide. In addition, a specific investor’s actual performance may be materially different from such illustrative data depending on numerous factors. No representations or warranties whatsoever are made by the Company or any other person or entity as to the future profitability of an investment vehicle or the results of making an investment. Projected or past performance is not a guarantee of future results.

Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements and may be worse due to a variety of factors, including, without limitation, changes in laws, fluctuations in real estate markets, and the tourism and hospitality industries, increases in costs, and adverse conditions in the credit and capital markets. Moreover, actual events are difficult to project and often depend upon factors that are beyond the control of Driftwood and its affiliates.

By accepting receipt of this Presentation, the recipient is deemed to represent they understand, either individually or through an advisor, the risks involved in making investments of this nature and have sufficient investment expertise, either individually or through an advisor, to make their own investment decision.

This Presentation is intended for the confidential use of only those persons to whom it is transmitted by Driftwood and is not to be reproduced or used for any other purpose.

The unauthorized distribution of this Presentation is strictly prohibited.