THE TIDES DISCLAIMER

This is not an offering or solicitation in any jurisdiction where prohibited by law or where prior registration has not been obtained and is required. The developer uses The Tides trademark in connection with the development, marketing and sale of the project pursuant to a private agreement with the owner of such trademark. Use of The Tides trademark by the developer is subject to the provisions of that agreement and the agreement may be terminated or expire without being renewed. In the event of such termination or expiration, the project will no longer be eligible to use the trademark for any purposes. The Tides, Sugar Beach is not being developed by Kor International Holdings Ltd. or The Kor Hotel Group and/or any of its or their affiliates. All future Tides locations are based on current development plans and may not ultimately be constructed. No representation or warranty regarding any such planned future location is made.