INCOME DISCLAIMER

www.ukiyoinvestments.com

Effective date: August 31, 2024

General Notice: The Ukiyo Project, presented by Verdancy Land, involves real estate investment opportunities that come with inherent risks as well as opportunities. This disclaimer is intended to provide potential investors with a clear understanding of these risks, the nature of potential returns, and the factors that can influence those returns.

No Guarantee of Earnings: Verdancy Land makes no guarantee of profits or returns from Ukiyo investments. While we strive to provide accurate projections and estimates based on comprehensive market analysis and historical data, actual results can vary significantly due to factors beyond our control. These factors include, but are not limited to:

• Market Fluctuations: The real estate market is subject to economic cycles, demand-supply imbalances, and other market forces that can affect property values and rental income. Periods of economic downturn or reduced demand for vacation rentals can significantly impact returns.

• Regulatory Changes: Changes in local, national, or international laws and regulations, such as zoning laws, tax policies, or hospitality regulations, can affect property operations, profitability, and investor returns.

• Environmental Factors: Natural disasters, climate change impacts, or other environmental issues (e.g., flooding, landslides, or typhoons) can damage property or reduce its attractiveness to potential renters, leading to lower occupancy rates and rental income.

• Operational Challenges: Unforeseen increases in operational costs, such as higher maintenance expenses, unexpected repairs, or difficulties in property management, can reduce net income. Delays in construction or development can also postpone income generation.

• Competitive Landscape: The introduction of new competitors in the area or changes in consumer preferences can affect the performance of the property. If more properties similar to Ukiyo enter the market, it may dilute demand and affect rental rates.

• Global Events: Broader economic or political instability, pandemic, acts of war, travel restrictions, or other global events can significantly impact tourism, leading to lower occupancy rates and reduced income from the property.

The figures presented in our marketing materials, presentations, or on our website should be considered as illustrative examples and not as guarantees of future performance. Potential investors should not rely solely on these projections when making an investment decision.

Variability of Results: The success of investments in terms of earnings and capital appreciation is influenced by the aforementioned factors as well as others that may emerge. Each investor’s results may differ based on the timing of their investment, the specific terms of their deal, and the prevailing market conditions at the time.

Risk Acknowledgment: By choosing to invest in Ukiyo, investors acknowledge and accept the potential for both profit and loss. Real estate investments, like any investment in tangible assets, involve a degree of risk, including the potential loss of principal invested. It is important that investors are fully aware of these risks before proceeding with their investment.

Independent Decision Making: Investors are strongly encouraged to conduct their own due diligence. The decision to invest in the Ukiyo Project should be based on a comprehensive assessment of one’s financial situation, investment goals, and risk tolerance.

Use of Projections: Projections and forecasts presented by Verdancy Land are based on specified assumptions and should not be considered as certainties. These projections are provided for illustrative purposes only and may not reflect actual future outcomes. Factors such as changes in economic conditions, market trends, and unforeseen events can significantly alter actual results.

Regulatory Compliance: The Ukiyo Project is designed to comply with applicable local and national laws and regulations. However, changes in these laws and regulations can materially impact the outcomes of the project and the returns to investors. Investors should be aware that regulatory environments can change, sometimes rapidly, which could affect their investment.

Conclusion: Verdancy Land is committed to transparency, ethical management, and delivering value to our investors. While we endeavor to create robust and profitable investment opportunities, it is essential that investors understand and accept the risks involved. We thank you for considering Ukiyo as part of your investment portfolio and urge you to carefully review all documentation and seek independent advice before proceeding with your investment.

INCOME DISCLAIMER

www.ukiyoinvestments.com

Effective date: August 31, 2024

General Notice: The Ukiyo Project, presented by Verdancy Land, involves real estate investment opportunities that come with inherent risks as well as opportunities. This disclaimer is intended to provide potential investors with a clear understanding of these risks, the nature of potential returns, and the factors that can influence those returns.

No Guarantee of Earnings: Verdancy Land makes no guarantee of profits or returns from Ukiyo investments. While we strive to provide accurate projections and estimates based on comprehensive market analysis and historical data, actual results can vary significantly due to factors beyond our control. These factors include, but are not limited to:

• Market Fluctuations: The real estate market is subject to economic cycles, demand-supply imbalances, and other market forces that can affect property values and rental income. Periods of economic downturn or reduced demand for vacation rentals can significantly impact returns.

• Regulatory Changes: Changes in local, national, or international laws and regulations, such as zoning laws, tax policies, or hospitality regulations, can affect property operations, profitability, and investor returns.

• Environmental Factors: Natural disasters, climate change impacts, or other environmental issues (e.g., flooding, landslides, or typhoons) can damage property or reduce its attractiveness to potential renters, leading to lower occupancy rates and rental income.

• Operational Challenges: Unforeseen increases in operational costs, such as higher maintenance expenses, unexpected repairs, or difficulties in property management, can reduce net income. Delays in construction or development can also postpone income generation.

• Competitive Landscape: The introduction of new competitors in the area or changes in consumer preferences can affect the performance of the property. If more properties similar to Ukiyo enter the market, it may dilute demand and affect rental rates.

• Global Events: Broader economic or political instability, pandemic, acts of war, travel restrictions, or other global events can significantly impact tourism, leading to lower occupancy rates and reduced income from the property.

The figures presented in our marketing materials, presentations, or on our website should be considered as illustrative examples and not as guarantees of future performance. Potential investors should not rely solely on these projections when making an investment decision.

Variability of Results: The success of investments in terms of earnings and capital appreciation is influenced by the aforementioned factors as well as others that may emerge. Each investor’s results may differ based on the timing of their investment, the specific terms of their deal, and the prevailing market conditions at the time.

Risk Acknowledgment: By choosing to invest in Ukiyo, investors acknowledge and accept the potential for both profit and loss. Real estate investments, like any investment in tangible assets, involve a degree of risk, including the potential loss of principal invested. It is important that investors are fully aware of these risks before proceeding with their investment.

Independent Decision Making: Investors are strongly encouraged to conduct their own due diligence. The decision to invest in the Ukiyo Project should be based on a comprehensive assessment of one’s financial situation, investment goals, and risk tolerance.

Use of Projections: Projections and forecasts presented by Verdancy Land are based on specified assumptions and should not be considered as certainties. These projections are provided for illustrative purposes only and may not reflect actual future outcomes. Factors such as changes in economic conditions, market trends, and unforeseen events can significantly alter actual results.

Regulatory Compliance: The Ukiyo Project is designed to comply with applicable local and national laws and regulations. However, changes in these laws and regulations can materially impact the outcomes of the project and the returns to investors. Investors should be aware that regulatory environments can change, sometimes rapidly, which could affect their investment.

Conclusion: Verdancy Land is committed to transparency, ethical management, and delivering value to our investors. While we endeavor to create robust and profitable investment opportunities, it is essential that investors understand and accept the risks involved. We thank you for considering Ukiyo as part of your investment portfolio and urge you to carefully review all documentation and seek independent advice before proceeding with your investment.