*TAX ADVANTAGES VARY DEPENDING ON YOUR PERSONAL TAX SITUATION. PLEASE CONSULT YOUR TAX ADVISOR. NOTE THAT CURRENT LAW IS SUBJECT TO CHANGE. CERTAIN CURRENT RULES MAY LIMIT AN INVESTOR’S ABILITY TO TAKE TAX DEDUCTIONS FROM THE VENTURE.
THIS LETTER IS NOT INTENDED NOR WRITTEN TO BE USED, AND CANNOT BE USED, BY ANY PERSON FOR THE PURPOSE OF AVOIDING TAX PENALTIES THAT MAY BE IMPOSED ON SUCH PERSON. THIS LETTER WAS
PREPARED TO provide information to allow participants to make informed investment decisions. THE TAXPAYER
SHOULD SEEK ADVICE BASED ON THE TAXPAYER’S PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.
POTENTIAL INVESTORS MUST READ THE CONFIDENTIAL MEMORANDUM RELATING TO THIS INVESTMENT IN ORDER TO UNDERSTAND THE RISKS INVOLVED. TAX RISKS ASSOCIATED WITH AN INVESTMENT IN THE
VENTURE Are substantial and are more fully DESCRIBED IN THE CONFIDENTIAL INFORMATION MEMORANDUM UNDER “RISK FACTORS – RISKS RELATED TO TAX MATTERS” AND “TAX ASPECTS.