DISCLAIMER

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.

NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. THIS IS NOT AN OFFER TO SELL, OR SOLICITATION OF OFFERS TO BUY, THE CONDOMINIUM UNITS IN STATES WHERE SUCH OFFER OR SOLICITATION CANNOT BE MADE. THESE DRAWINGS ARE CONCEPTUAL ONLY AND ARE FOR THE CONVENIENCE OF REFERENCE. THEY SHOULD NOT BE RELIED UPON AS REPRESENTATIONS, EXPRESS OR IMPLIED, OF THE FINAL DETAIL OF THE RESIDENCES. UNITS SHOWN ARE EXAMPLES OF UNIT TYPES AND MAY NOT DEPICT ACTUAL UNITS. STATED SQUARE FOOTAGES ARE RANGES FOR A PARTICULAR UNIT TYPE AND ARE MEASURED TO THE EXTERIOR BOUNDARIES OF THE EXTERIOR WALLS AND THE CENTERLINE OF INTERIOR DEMISING WALLS AND IN FACT ARE LARGER THAN THE AREA THAT WOULD BE DETERMINED BY USING THE DESCRIPTION AND DEFINITION OF THE “UNIT” SET FORTH IN THE DECLARATION OF CONDOMINIUM (WHICH GENERALLY ONLY INCLUDES THE INTERIOR AIRSPACE BETWEEN THE PERIMETER WALLS AND EXCLUDES INTERIOR STRUCTURAL COMPONENTS). THE AREA OF THE UNIT AS DEFINED IN THE DECLARATION IS LESS THAN THE SQUARE FOOTAGE REFLECTED HERE. ALL DEPICTIONS OF APPLIANCES, PLUMBING FIXTURES, EQUIPMENT, COUNTERS, SOFFITS, FLOOR COVERINGS AND OTHER MATTERS OF DETAIL ARE CONCEPTUAL ONLY AND ARE NOT NECESSARILY INCLUDED IN EACH UNIT. THE FURNISHINGS AND DÉCOR ILLUSTRATED OR DEPICTED ARE NOT INCLUDED WITH THE PURCHASE OF THE UNIT. CONSULT YOUR PURCHASE AGREEMENT AND ANY ADDENDA THERETO FOR THE ITEMS INCLUDED WITH THE UNIT. DIMENSIONS AND SQUARE FOOTAGE ARE APPROXIMATE, WILL VARY WITH SPECIFIC UNIT TYPE AND MAY VARY WITH ACTUAL CONSTRUCTION. ADDITIONALLY, MEASUREMENTS OF ROOMS SET FORTH ON ANY FLOOR PLAN ARE NOMINAL AND GENERALLY TAKEN AT THE GREATEST POINTS OF EACH GIVEN ROOM (AS IF THE ROOM WERE A PERFECT RECTANGLE), WITHOUT REGARD FOR ANY CUTOUTS. UNIT ORIENTATION AND WINDOWS (INCLUDING NUMBER, SIZE, ORIENTATION AND AWNINGS), BALCONY/LANAIS (INCLUDING CON- FIGURATION, SIZE AND RAILING/BALUSTRADE), STRUCTURE AND MECHANICAL CHASES MAY VARY. THE DEVELOPER EXPRESSLY RESERVES THE RIGHT TO MAKE MODIFICATIONS, REVISIONS AND CHANGES IT DEEMS DESIRABLE IN ITS SOLE AND ABSOLUTE DISCRETION AND WITHOUT NOTICE. ALL DRAWINGS ARE CONCEPTUAL RENDERINGS AND THE DEVELOPER EXPRESSLY RESERVES THE RIGHT TO MAKE MODIFICATIONS. ACTUAL VIEWS MAY VARY AND CANNOT BE GUARANTEED. VIEWS SHOWN CANNOT BE RELIED UPON AS THE ACTUAL VIEW FROM ANY PARTICULAR UNIT WITHIN THE CONDOMINIUM. IMPROVEMENTS, LANDSCAPING AND AMENITIES DEPICTED MAY NOT EXIST. PRICES, PLANS, ARCHITECTURAL INTERPRETATIONS AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. THE INFORMATION PRESENTED WITHIN THIS DOCUMENT IS CONCEPTUAL. THE IMAGES AND FEATURES CONTAINED HEREIN ARE NOT TO BE RELIED UPON OR USED AS A REFER- ENCE FOR SPECIFICATIONS. THE FOREGOING MATTERS ARE FURTHER ADDRESSED IN THE PURCHASE AGREEMENT AND ANY ADDENDA THERETO AND THE CONDOMINIUM DOCUMENTS.

WALDORF ASTORIA IS A REGISTERED TRADEMARK OF HILTON INTERNATIONAL HOLDING LLC, AN AFFILIATE OF HILTON WORLDWIDE HOLDINGS INC. (“HILTON”). THE RESIDENCES ARE NOT OWNED, DEVELOPED, OR SOLD BY HILTON AND HILTON DOES NOT MAKE ANY REPRESENTATIONS, WARRANTIES OR GUARANTIES WHATSOEVER WITH RESPECT TO THE RESIDENCES. THE DEVELOPER USES THE WALDORF ASTORIA BRAND NAME AND CERTAIN WALDORF ASTORIA TRADEMARKS (THE “TRADEMARKS”) UNDER A LIMITED AND NONEXCLUSIVE LICENSE FROM HILTON. THE LICENSE MAY BE TERMINATED OR MAY EXPIRE WITHOUT RENEWAL, IN WHICH CASE THE RESIDENCES WILL NOT BE IDENTIFIED AS A WALDORF ASTORIA BRAND- ED PROJECT OR HAVE ANY RIGHTS TO USE THE TRADEMARKS.

WALDORF ASTORIA IS A REGISTERED TRADEMARK OF HILTON INTERNATIONAL HOLDING LLC, AN AFFILIATE OF HILTON WORLDWIDE HOLDINGS INC. (“HILTON”), AND THE DEVELOPER USES THE WALDORF ASTORIA BRAND NAME AND RELATED TRADEMARKS UNDER A LIMITED AND NONEXCLUSIVE LICENSE FROM HILTON, WHICH LICENSE MAY TERMINATE OR EXPIRE.
NOTHING CONTAINED IN THIS ANNOUNCEMENT SHALL CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTEREST IN ANY SECURITY OR ANY SECURITY DERIVATIVE PRODUCTS OF ANY KIND, OR ANY TYPE OF TRADING OR INVESTMENT ADVICE, RECOMMENDATION OR STRATEGY. THE DEVELOPER ENTITIES, OPERATORS, AMENITIES, MANAGERS, SPAS, RESTAURANTS, AND OTHER FEATURES THAT MAY BE REFERRED TO HEREIN ARE ACCURATE AS OF THE DATE OF THIS ANNOUNCEMENT; HOWEVER, THERE IS NO GUARANTEE THAT THEY WILL BE INVOLVED AT, OR FOLLOWING, THE COMPLETION OF THE CONDOMINIUM. THE DEVELOPER RESERVES THE RIGHT TO CHANGE ANY AND ALL SUCH DEVELOPMENT ENTITIES, OPERATORS, AMENITIES, MANAGERS, SPAS, RESTAURANTS, AND OTHER FEATURES THAT MAY BE REFERRED TO AS THE DEVELOPER DEEMS BEST FOR THE CONDOMINIUM IN THE DEVELOPER’S SOLE AND ABSOLUTE DISCRETION. THIS CONDOMINIUM IS BEING DEVELOPED BY PMG DOWNTOWN DEVELOPERS, LP (“DEVELOPER”), WHICH HAS A LIMITED RIGHT TO USE THE TRADEMARKED NAMES AND LOGOS USED HEREIN PURSUANT TO A LICENSE AND MARKETING AGREEMENT. PROPERTY MARKETS GROUP (“PMG”) IS NOT THE DEVELOPER. ANY AND ALL STATEMENTS, DISCLOSURES AND/OR REPRESENTATIONS SHALL BE DEEMED MADE BY DEVELOPER AND NOT BY PMG. YOU WILL LOOK SOLELY TO DEVELOPER (AND NOT TO PMG, OR ANY OF ITS RESPECTIVE AFFILIATES) WITH RESPECT TO ANY AND ALL MATTERS RELATING TO THE SALES, MARKETING, AND DEVELOPMENT OF THE CONDOMINIUM. WALDORF=ASTORIA MANAGEMENT LLC IS NOT THE DEVELOPER. NEITHER WALDORF ASTORIA, HILTON WORLDWIDE HOLDINGS, INC. NOR ANY OF THEIR AFFILIATES OR RELATED PERSONS (THE “WA GROUP”) IS RELATED TO, AFFILIATED OR ASSOCIATED WITH, OR A PARTNER IN THE BUSINESS OF, THE DEVELOPER, OR ANY OF ITS AFFILIATES OR RELATED PERSONS, AND NO REPRESENTATION, WARRANTY OR GUARANTEE IS MADE OR IMPLIED BY THE WA GROUP IN RESPECT OF ANY STATEMENT OR INFORMATION MADE OR CONTAINED IN THIS ANNOUNCEMENT. NEITHER THE WA GROUP NOR ANY OF ITS DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS HAS OR WILL HAVE ANY RESPONSIBILITY OR LIABILITY ARISING OUT OF, OR RELATED TO, THIS ANNOUNCEMENT, INCLUDING ANY LIABILITY OR RESPON- SIBILITY FOR ANY STATEMENT OR INFORMATION MADE OR CONTAINED IN THIS ANNOUNCEMENT. THIS ANNOUNCEMENT CONTAINS SENSITIVE AND CONFIDENTIAL INFORMATION AND ANY UNAUTHORIZED REPRODUCTION, DISPLAY OR OTHER DISSEMINATION IS STRICTLY PROHIBITED.