Disclosures

QLA, OÜ (“QLA”) operates a website at qla.ee (the “Site”). The information on this Site does not constitute an offer or solicitation of interest in any securities offering, nor does it constitute a solicitation or offer to invest. Any such offering, solicitation, or sale of securities will be made solely through a prospectus, private placement memorandum, or related offering documents, as required by Regulation (EU) 2017/1129 (the “EU Prospectus Regulation”) and applicable EU member state laws. No sale will occur unless the investor submits a completed subscription document, and any initial indication of interest in an offering may be withdrawn or revoked without obligation or commitment of any kind. No funds or other consideration are solicited or will be accepted unless the prospective investor has received the relevant offering documents, completed the necessary subscription process, and the offering complies with the requirements of the EU Prospectus Regulation and applicable member state regulations. Accessing the Site does not indicate interest in any offering and does not involve any obligation or commitment.

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS, AND ANY EXPECTED RETURNS OR HYPOTHETICAL PROJECTIONS MAY NOT REFLECT ACTUAL FUTURE PERFORMANCE. FURTHERMORE, PAST RETURNS MAY REFLECT THE PERFORMANCE OF ASSETS FOR A FINITE TIME, OR DURING A PERIOD OF EXTREME MARKET ACTIVITY. ALL INVESTMENTS INVOLVE RISK AND MAY RESULT IN PARTIAL OR TOTAL LOSS. There can be no assurance that an investment mix or any projected or actual performance shown on the Site will lead to the expected results shown or perform in any predictable manner. It should not be assumed that investors will experience returns in the future, if any, comparable to those shown or that any or all investors on the Site experienced such returns.

Historical and Projected Performance Disclosure

In considering any performance information shown on the Site, one should bear in mind that past or targeted performance is not indicative of future results, and there can be no assurance that any issuer will achieve comparable results or that target returns will be met. One should also bear in mind that targeted portfolio characteristics are not indicative of future results, and there is no assurance that target portfolio characteristic will be achieved.

References to “Targeted IRR” and “Targeted Equity Multiple” represents a property’s internal rate of return (“IRR”) or equity multiple based on such property’s forecasted cash flows generated over a period of time and the amount invested in the property. This is different from the forecasted IRR or Equity Multiple to the investor in an applicable fund or other investment vehicle.

PROJECTED AND/OR HYPOTHETICAL PERFORMANCE DOES NOT REPRESENT AN ACTUAL INVESTMENT IN ANY OF THE OFFERINGS SPONSORED BY QLA, MAY NOT REFLECT THE POTENTIAL EFFECT OF MATERIAL ECONOMIC AND MARKET RELATED FACTORS, AND DO NOT REPRESENT THE ACTUAL PERFORMANCE OR EXPERIENCE OF ANY GIVEN INVESTOR ON THE QLA WEBSITE. Nothing contained on the Site should be deemed to be a prediction for projection of future performance of any issuer. Prospective investors should make their own investigations and evaluations of the information contained herein. Each prospective investor should consult its own attorney, business adviser and tax adviser as to legal, business, tax and related matters concerning the information contained herein and such offering.

The information shown on the Site uses or includes information compiled from sources outside of QLA and its affiliates. While such information is believed to be reliable for the purposes used herein, neither QLA, nor any of its affiliates or partners, members or employees, assume any responsibility for the accuracy of such information. Unless otherwise indicated, the information on the Site has not been reviewed, compiled or audited by any independent third-party or public accountant.

Actual investors on the Site may experience different results from any hypothetical results shown. There is a potential for loss, as well as gain, which is not reflected in the hypothetical information portrayed. The hypothetical performance results shown do not represent the results of actual investment activity but were achieved by means of the retroactive application of a model designed with the benefit of hindsight. Investors should carefully review the additional information presented on the Site as part of any hypothetical calculation.

Offering Disclosure

The offerings available on the Site are open exclusively to independently verified “qualified investors,” as defined by the EU Prospectus Regulation (Regulation (EU) 2017/1129), and are in accordance with each issuer’s private placement memorandum or prospectus. Before investing, you will be required to provide independent verification of your status as a qualified investor.