THE MONTAGE REGISTRATION
THE MONTAGE LICENSE

Accordingly, this calculator and any related information are provided on an 'AS IS' AND 'AS AVAILABLE' BASIS WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF SUITABILITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. Further, this calculator and any related information may not include all financial information relevant to any particular user/home financing transaction, loan programs and rates are subject to change and may not be available to any particular borrower or home financing transaction, and there often are other important considerations to any home buying / financing decision. Although the calculator may be a useful tool in evaluating certain financial information and assumptions provided by the user (all inputs, including any amounts provided as starting assumptions, are subject to user input/adjustment), it is not intended in any way as financial, securities, insurance, tax, or legal advice or services, and in no event should it be construed as a commitment to lend. Images depicted herein are based upon current development plans and are subject to change without notice.This calculator and any related information are provided solely for general information purposes. The Inn Residences at Montage Big Sky is currently under development.

THE MONTAGE REGISTRATION

This advertisement is neither an offer to sell nor a solicitation to buy fractional ownership interests to residents in any state or jurisdiction in which registration requirements have not been fulfilled. This advertising material is being used for the purpose of soliciting the sale of fractional ownership interests. WARNING: THE CALIFORNIA BUREAU OF REAL ESTATE HAS NOT INSPECTED, EXAMINED OR QUALIFIED THIS OFFERING.

THE MONTAGE LICENSE

The foregoing license may be terminated or may expire without renewal, in which case neither the Residential Units nor any part of the Resort will be identified as MONTAGE branded project or have any rights to use the Operator Trademarks. CH SP Acquisition LLC uses the MONTAGE brand name and certain MONTAGE trademarks (collectively, the “Operator Trademarks”) in connection with the sales and marketing of the Residential Units in the Resort under a limited, non-exclusive, non-transferable and non-sublicensable license from Montage Hotels & Resorts LLC. The resort project described herein (the “Resort”) and the residential units located within the Resort (the “Residential Units”) are not owned, developed, or sold by Montage Hotels & Resorts LLC or its affiliates or their respective licensors (collectively, “Montage”) and Montage does not make any representations, warranties or guaranties whatsoever with respect to the Residential Units, the Resort or any part thereof.

This is not an advertisement or solicitation to purchase or sell property in states where prohibited by law. No Federal agency has judged the merits or value if any, of this property. Obtain the Property Report required by Federal law and read it before signing anything.

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