INVESTOR DISCLAIMER

This Confidential Investor Offering has been provided to you because Black Wolf Capital, LLC and/or its affiliates or subsidiaries (collectively, "Black Wolf") has reason to believe that you meet certain legal criteria.

This Confidential Investor Offering presents only a preliminary summary and strategy of certain aspects of Black Wolf and the project referenced herein (the "Project"). It does not constitute an offering of securities to you or anyone else. Black Wolf may conduct an offering only by means of a private placement memorandum that provides a more complete assessment of investing in the Project, including the risks associated with the potential rewards of an investment in the Project. This Confidential Investor Offering does not include that type of assessment.

An investment in the Project is speculative and involves risks. Any summaries of transaction terms, agreements, potential investments, or business strategies in this Confidential Investor Offering are preliminary in nature, and will be superseded by any conflicting terms in the definitive agreements of the Project. Any information in this document related to past performance of Black Wolf is not the past performance of this Project, and thus, should not be relied upon as an assurance of the investment performance of the Project. There can be no assurance that the Project will reach its objectives. Any projections or predictions of future performance in this document are based on a number of assumptions, and the Project's actual performance may differ significantly from such.

Certain statements contained herein are based on the Project's current expectations, estimates and projections about future events and may be deemed forward-looking statements. These forward-looking statements are based upon Black Wolf's beliefs, assumptions and expectations of its future performance with the Project, taking into account all information that is currently available and can change as a result of many possible events or factors and strategies, many which are not currently known. The statements contained herein, including any forward-looking statements, speak only as to the date they are made, and neither Black Wolf nor the Project are obligated to update or revise any of these statements, whether as a result of new information, future events or otherwise, except to the extent otherwise required by law. Please note that the Project's actual results could differ materially from those set forth herein.

The Black Wolf logo, the product and services described herein are either trademarks or service marks of Black Wolf and may not be copied, imitated or used, in whole or in part, without written permission. All other trademarks, product names and company names and logos mentioned herein are the property of their respective owners.