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Disclaimer

Real Estate Investment Advisor Agreement
This Real Estate Investment Advisor Agreement (the “Agreement”) is entered into between Property Llama Corp. (the “Company”) and any user of this system (the “Client”). The Company and the Client may be referred to herein as the “Parties” to this Agreement.

1. Opportunity to Seek Legal Advice. This Agreement is a binding legal document. If the Client has questions or concerns about any of the terms or conditions set forth herein, the Client is encouraged to seek the advice of legal counsel before signing.

2. Company’s Services.The Company’s services consist of advice and consultation relating to real estate that is directly owned by the Company’s clientele. In other words, the Company provides advice and consultation to assist clients as they directly purchase, hold, manage, and sell real estate; and the clients do not, for example, merely purchase an interest in an entity that owns and manages real estate (which would be a form of indirect ownership). The Company does not provide any services, advice, or consultation relating to real estate investment trusts. Nor does the Company offer, sell, or trade—or provide any services, advice, or consultation relating to—any securities of any kind, whether public or private, registered or unregistered, exempt or nonexempt. This Agreement is made in connection with, and is part of, the Company’s agreement to perform certain advisory services for the Client pertaining to the Client’s direct purchase, holding, management, and sale of real estate as an investment vehicle. Among other things, the Company’s services include reviewing the Client’s real estate investment goals, reviewing the Client’s real estate portfolio for opportunities, reviewing the Client’s cash on hand and cashflow outlook, and reviewing how well the Client is meeting specific goals and targets. The Client understands and agrees with the representations in this paragraph. The Parties expressly agree that the Client’s purchase, holding, management, and sale of real estate, undertaken with the assistance of the Company’s advice and consultation, is not and will not be construed to be a purchase of or a participation in a real estate investment trust or a security of any kind.

3. No Guarantees or Warranties. During the course of the Company’s performance of services, the Company may express opinions or beliefs concerning various issues, including results or outcomes that might be anticipated. Any such statements are intended to be an expression of opinion only and are not to be construed as a promise or guarantee. The Company cannot guarantee any result or outcome, and the Client acknowledges that the Company’s services come with no guarantees or warranties of any kind, express or implied. All guarantees and warranties of whatever kind and nature are expressly disclaimed.

4. Risk Belongs to Client Alone; No Liability for Company. The purchase, holding, management, and sale of real estate encompasses inherent risks. These risks include not only the risk of incurring an economic loss on any particular property or properties but also, among other things, the risk of physical, financial, or legal injury to persons or property. By choosing to invest in real estate, the Client acknowledges these risks, accepts them, and knowingly and voluntarily assumes them. Furthermore, the Client acknowledges and agrees that the Company does not share these risks. The Company shall have no liability whatever to Client for losses, damages, claims, liabilities, or judgments arising from the Client’s purchase, holding, management, or sale of any property or properties (“Claims”), and the Client waives all Claims against the Company for such.

5. Client Representations and Acknowledgments. The Client warrants and represents that the Client is capable of evaluating the risks of investing in real estate and that the Client is able to bear the economic risk of such investment. Insofar as the Company provides estimates, forecasts, projections, pro forma financial statements, or other forward-looking statements relating to the Client’s real estate investments or potential real estate investments, the Client acknowledges and agrees that, by their nature, such projections involve significant elements of subjective assumptions, judgment, and analysis that may or may not prove to be correct; that there can be no assurance that such projections will be attained; and that any projections concerning the future economic and financial condition of the Client’s investments or potential investments, whether made orally or contained in any Company document or writing, should not be relied upon as a promise, guaranty, or representation of the future performance of such investments.