General Disclosure

Studia Capital, LLC LLC (“Fursse”) operates a website at furssecapital.com (the “Site”). The information contained on the Site does not constitute an offer for nor a solicitation of interest in any securities offering; however, if an indication of interest is provided, it may be withdrawn or revoked, without obligation or commitment of any kind prior to being accepted following the qualification or effectiveness of the applicable offering document, and any offer, solicitation or sale of any securities will be made only by means of an offering circular, private placement memorandum, or prospectus. No money or other consideration is being solicited and will not be accepted without the potential investor having been provided the applicable offering document. Joining the Site neither constitutes an indication of interest in any offering nor involves any obligation or commitment of any kind.

ACQUISITION OF ANY PROPERTY MENTIONED IS SUBJECT TO VARIOUS CONTINGENCIES AND MAY NOT BE CONSUMMATED. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS, AND ANY EXPECTED RETURNS OR HYPOTHETICAL PROJECTIONS MAY NOT REFLECT ACTUAL FUTURE PERFORMANCE. ALL INVESTMENTS INVOLVE RISK AND MAY RESULT IN PARTIAL OR TOTAL LOSS. There can be no assurance that an investment strategy 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 displayed on the Site, bear in mind that past or projected 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. Furthermore, targeted portfolio characteristics may not reflect future results, and there is no guarantee that these characteristics will be achieved.

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

Offering Disclosure

The offerings available on the Site, except where otherwise indicated (i.e. Regulation A offerings), are only open to independently verified “accredited investors,” in accordance with Rule 506(c) under Regulation D of the Securities Act of 1933, as per each issuer’s private placement memorandum, or prospectus. Prior to investing, you will be asked to independently verify your “accredited investor” status, except where otherwise indicated.

All offers to sell, or solicitations of offers to buy, any security can only be made through official offering documents that contain essential information about investment objectives, risks, fees, and expenses. Investors are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help you understand and assess the risks associated with any investment opportunity.

Forward-looking Statements

Some of the statements contained on the Site are forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Investment in any issuer available on the Site involves substantial risks, including the risk of partial or total loss of investment, and each investor should carefully consider the Risk Factors contained in each issuer’s offering circular, private placement memorandum, or prospectus. Except as required by law, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to update publicly any forward-looking statements for any reason to conform these statements to actual results or to changes in our expectations.

Property Acquisition and Investment

Properties identified as potential acquisitions are subject to various contingencies and may not be consummated or may be consummated on materially different terms. Even if an identified property is acquired by Fursse and its affiliates, there is no guarantee that all or any of our Regulation A or Regulation D funds will participate in that investment. Additional information concerning identified properties may be posted at www.furssecapital.com as the acquisition process continues. The acquisition of properties to be invested in as part of a Regulation A offerings will also be promptly announced in that Company’s SEC filings.

Issuer Information

The information presented regarding each issuer’s offering, including information regarding financial status, business strategy, investment objectives, historical performance, projections, redemption plans, etc., merely constitutes a summary of such information and is qualified in its entirety by the disclosure contained in each issuer’s offering circular, private placement memorandum, or prospectus. There can be no guarantee that any issuer available on the Site will achieve its business objectives or that it will become profitable.

Securities sold by Studia Capital, LLC, LLC are not publicly traded and, therefore, are illiquid unless registered with the SEC. Furthermore, securities sold through private placements may be subject to restrictions on resale or transfer including holding period requirements. Investing in private placements requires high risk tolerance, low liquidity needs, and long-term commitments. Users must be able to afford to lose their entire investment.

All information contained on the Site has been prepared without reference to any particular investor’s investment requirements or financial situation. The Site may not be used by any person or entity in any jurisdiction where the use thereof would be contrary to applicable laws, rules, or regulations of any governmental authority, regulatory or self-regulatory organization, or clearing organization.

Neither the SEC nor any state securities commission or regulatory authority approved, passed upon, or endorsed the merits of any investment on the Site.

Reviews and Comments Disclosure

All ratings and reviews are provided to various independent social media sites voluntarily. The average rating review is determined by these various independent social media sites, and not by Fursse or any of its affiliates. Ratings and reviews are continuously added to the independent social media sites, and average ratings are updated by these independent social media sites and not by Fursse.

The ratings and experiences of investors may not be representative of the experiences of all investors and are not indicative of future success. The accuracy of information included in the ratings and reviews cannot be guaranteed by Fursse or any of its affiliates.

Financial Disclosure

Confidentiality Notice and Disclaimer: The information contained in this communication is confidential, may be privileged and is intended for the exclusive use of the above-named addressee(s). If you are not the intended recipient(s), you are expressly prohibited from copying, distributing, disseminating, or in any other way using any information contained within this communication. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance. All parties are advised that the sender and Kokua Realty, LLC are not qualified to provide, and have not been contracted to provide, legal, financial, or tax advice, and that any such advice regarding any investment by the recipients must be obtained from the recipients’ attorney, accountant or tax professional.