Terms of Use

The Terms of Use were last modified on 3/6/2017.

READ BEFORE CONTINUING — YOUR ACCEPTANCE OF TERMS OF USE

The PPA Group is pleased to provide you with the information on The PPA Group website. Your use of The PPA Group website is subject to the following Terms of Use (“Terms”).

These Terms are a binding contract between you and The PPA Group. By using or accessing The PPA Group website, you accept and agree to be bound by these Terms. Your use of The PPA Group website is governed by the version of the Terms in effect on the date The PPA Group website is accessed by you. The PPA Group may modify these Terms at any time and without prior notice. You should review the most current version of this document by visiting http://www.theppagroup.com and clicking on the Terms of Use hyperlink located at the bottom of the page. These Terms are in addition to any other agreements between you and The PPA Group, including any customer or account agreements, and any other agreements that govern your use of products, services, content, tools, and information available on The PPA Group website.

USE OF THE PPA GROUP WEBSITE.

The PPA Group website is intended only for your personal, non-commercial use, unless you and The PPA Group have agreed otherwise in writing.

THE PPA GROUP consists of The PPA Group LLC, CLEAR Property Management LLC, and Casoro Capital LLC.

INSTITUTIONAL INVESTOR

For purposes of The PPA Group website, the term “Institutional Investor” includes but is not limited to sophisticated non-retail investors such as registered investment companies, investment advisers, plan sponsors, endowments, foundations, governmental entities, and high net worth natural persons. Certain products and investment services may only be offered to Institutional Investors which are also accredited investors and/or qualified purchasers as those terms are currently defined by the U.S. federal securities laws.

INFORMATION FOR NON-U.S. INVESTORS.

The PPA Group website is intended to be made available only to current and prospective INSTITUTIONAL INVESTORS residing in the United States. Nothing on The PPA Group website shall be considered a solicitation to buy or an offer to sell a security, or any other product or service, to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction.

NO INVESTMENT RECOMMENDATIONS OR PROFESSIONAL ADVICE; NO OFFER TO BUY OR SELL ANY SECURITIES.

Generally, The PPA Group website is not intended to provide tax, legal, insurance or investment advice, and nothing on The PPA Group website should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by The PPA Group or any third party. The PPA Group does not provide legal or tax advice and we encourage you to consult your own lawyer, accountant or other advisor before making an investment.

COPYRIGHT POLICY, LINKING POLICY AND TRADEMARKS.

The PPA Group website is protected by applicable copyright laws. Accordingly, you may not copy, distribute, modify, post or frame-in The PPA Group website, including any text, graphics, video, audio, software code, user interface design or logos.

Unless you and The PPA Group have agreed otherwise, links from another website to The PPA Group website must resolve to the top-level homepage of a PPA Group domain (e.g., www.theppagroup.com).

In order to avoid confusion if you do link from another website to The PPA Group top-level homepage, your website, and the link itself, may not suggest that The PPA Group endorses, sponsors or is affiliated with any non- PPA Group website, entity, service or product, and may not make use of any PPA Group trademarks or service marks other than those contained within the text of the link.

All trademarks and service marks on The PPA Group website belong to PPA Group. or an affiliate, except third-party trademarks and service marks, which are the property of their respective owners.

If you believe that your work has been copied in a way that constitutes copyright infringement, please provide The PPA Group with the following information:

A physical or electronic signature of a person authorized to act on behalf of the owner of the copyright allegedly infringed; A description of the copyrighted work that you claim has been infringed, or, if multiple copyrighted works are the subject of a single notice, a representative list of such works; An identification of the allegedly infringing material, and a description of where that material is located on The PPA Group website; Your address, telephone number, and email address; A statement by you that you have a good faith belief that use of the disputed material in the manner complained of is not authorized by the copyright owner, its agent, or the law; A statement by you, made under penalty of perjury, that the information you provide in your notice is accurate and that you are the owner of the allegedly infringed copyright, or that you are authorized to act on behalf of the copyright owner. The PPA Group’ Agent for Notice of claims of copyright infringement can be reached as follows:

By mail: The PPA Group, 9050 N. Capital of Texas Hwy. Suite 320, Austin, Texas 78759

By phone: 512-651-0513

By email: info@theppagroup.com

THIRD PARTY CONTENT AND SITES.

The PPA Group website includes general news and information, commentary, research reports and data concerning the commercial real estate financial markets and other subjects. Some of that content is supplied by companies that are not affiliated with The PPA Group (“Third Party Content”). Most Third Party Content is available through framed areas or through hyperlinks to third party websites, and its source is clearly and prominently identified.

Although Third Party Content may be framed-in on The PPA Group website or available through a link to a third-party site, The PPA Group does not prepare, edit, or endorse Third Party Content. The PPA Group therefore does not guarantee its accuracy, timeliness, completeness or usefulness, and is not responsible or liable for any content, advertising, products, or other materials on or available from third party sites. You will use Third Party Content only at your own risk.

TIMELINESS OF CONTENT.

All content on the website is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. In addition, you are responsible for setting the cache settings on your browser to ensure you are receiving the most recent data.

PROHIBITED USES.

Because all servers have limited capacity and are used by many people, do not use The PPA Group website in any manner that could damage or overburden any of The PPA Group or its affiliates’ server, or any network connected to any of The PPA Group or its affiliates’ server. Do not use The PPA Group website in any manner that would interfere with any other party’s use of The PPA Group website.

MEANS OF ACCESS.

The PPA Group website is generally intended to be viewed by a conventional web browser with a screen resolution of 800 by 600 pixels or greater. Although you may use other means to access The PPA Group website, be aware that The PPA Group website may not appear accurately through other access methods, and you use them only at your own risk.

You should not access The PPA Group website through devices or services that are designed to provide high-speed, automated, repeated access, unless such devices are approved or made available by The PPA Group.

Certain parts of The PPA Group website are protected by passwords or require a login. You may not obtain or attempt to obtain unauthorized access to such parts of The PPA Group website, or to any other protected materials or information, through any means not intentionally made available by The PPA Group for your specific use.

PASSWORD SECURITY AND NOTIFICATION.

If you have a Personal Identification Number (PIN) for access to non-public areas of The PPA Group website, you are solely responsible for all activities that occur in connection with your PIN. Accordingly, you should take steps to protect the confidentiality of your PIN. Notify The PPA Group immediately if you become aware of any disclosure, loss, theft or unauthorized use of your PIN.

DISCLAIMER OF WARRANTIES THE PPA GROUP DOES NOT MAKE ANY EXPRESS OR IMPLIED WARRANTIES ABOUT THE PPA GROUP WEBSITE, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. THE PPA GROUP WEBSITE IS MADE AVAILABLE TO YOU “AS IS” AND “AS AVAILABLE” AND THE PPA GROUP DOES NOT WARRANT THAT ANY DEFECTS OR INACCURACIES WILL BE CORRECTED. THE PPA GROUP DOES NOT WARRANT THAT THE PPA GROUP WEBSITE WILL MEET YOUR NEEDS, OR THAT THEY WILL BE UNINTERRUPTED, TIMELY, SECURE OR ERROR-FREE. THE PPA GROUP ALSO MAKES NO WARRANTY THAT THE RESULTS OBTAINED FROM THE USE OF THE PPA GROUP WEBSITE WILL BE ACCURATE OR RELIABLE, OR THAT THE QUALITY OF ANY PRODUCTS, SERVICES, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU THROUGH THE PPA GROUP WEBSITE WILL MEET YOUR EXPECTATIONS. THIS PROVISION MAY NOT APPLY TO PARTICIPANTS IN CERTAIN EMPLOYER-SPONSORED WORKPLACE SAVINGS PLANS. LIMITATION OF LIABILITY THE PPA GROUP WILL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL OR INDIRECT DAMAGES (INCLUDING BUT NOT LIMITED TO LOST PROFITS, TRADING LOSSES OR DAMAGES THAT RESULT FROM USE OR LOSS OF USE OF THE PPA GROUP WEBSITE AND THIRD PARTY CONTENT, INCONVENIENCE OR DELAY). THIS IS TRUE EVEN IF THE PPA GROUP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSSES. THE PPA GROUP WILL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY LOSS RESULTING FROM A CAUSE OVER WHICH SUCH THE PPA GROUP DOES NOT HAVE DIRECT CONTROL. THIS INCLUDES FAILURE OF ELECTRONIC OR MECHANICAL EQUIPMENT OR COMMUNICATIONS LINES (INCLUDING TELEPHONE, CABLE AND INTERNET), UNAUTHORIZED ACCESS, VIRUSES, THEFT, OPERATOR ERRORS, SEVERE OR EXTRAORDINARY WEATHER (INCLUDING FLOOD, EARTHQUAKE, OR OTHER ACT OF GOD), FIRE, WAR, INSURRECTION, TERRORIST ACT, RIOT, LABOR DISPUTE AND OTHER LABOR PROBLEMS, ACCIDENT, EMERGENCY OR ACTION OF GOVERNMENT. IF YOU LIVE IN A STATE THAT DOES NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY OR INCIDENTAL OR CONSEQUENTIAL DAMAGES, OR IF YOU ACCESS THE PPA GROUP WEBSITE SOLELY THROUGH AN ARRANGEMENT WITH YOUR EMPLOYER OR PLAN SPONSOR, SOME OR ALL OF THESE LIMITATIONS AND EXCLUSIONS MAY NOT APPLY TO YOU.

INDEMNIFICATION

As a condition of your use of The PPA Group website, you agree to indemnify and hold The PPA Group and its third party providers harmless from and against any and all claims, losses, liability, costs and expenses (including but not limited to attorneys’ fees) arising from your use of The PPA Group website, or from your violation of these Terms. This provision may not apply to participants in certain employer-sponsored workplace savings plans.

CHANGES TO THE PPA GROUP WEBSITE

Unless otherwise agreed, The PPA Group may discontinue or modify The PPA Group website at any time without prior notice to you, and you accept those modifications if you continue to use The PPA Group website.

TERMINATION

The PPA Group may terminate your access to The PPA Group website for any reason, without prior notice.

GOVERNING LAW

Unless otherwise agreed, these Terms and their enforcement are governed by the laws of the State of Texas, without regard to conflicts of law, and shall inure to the benefit of The PPA Group’s successors and assigns, whether by merger, consolidation, or otherwise. This provision may not apply to participants in certain employer-sponsored workplace savings plans.

SEVERABILITY

If a court of competent jurisdiction deems any provision unenforceable, that provision will be enforced to the maximum extent permissible, and the remaining provisions will remain in full force and effect.