Regulatory disclosure

1. General

The information on this website (the "Site") is provided by Deloitte Corporate Finance Inc. ("DCF", "we", "us" or"our") for informational purposes only. Nothing on this Site constitutes an offer to sell or a solicitation to buy any security, a recommendation, an endorsement, or investment, legal, tax, accounting or other professional advice. Access to and use of the Site is subject to applicable law and the terms and conditions governing the Site and the Liqiditi platform (the"Platform").

National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations ("NI 31-103") requires registered firms to disclose information that a reasonable investor would consider important about the investor’s relationship with the registered firm, including material conflicts of interest. This disclosure is intended to assist prospective participants in understanding DCF’s role in connection with the Platform.

2. Nature of the platform

The Platform is a private, restricted-access electronic venue that is intended to assist eligible participants in identifying potential counterparties in connection with the purchase and sale of certain asset-backed commercial mortgage loan interests and related securities (collectively, "Securities") offered in reliance on available prospectus exemptions under applicable Canadian securities laws. The Platform is not a stock exchange, auction market, public marketplace or other public trading market.

3. Eligibility

Access to the Platform is subject to completion of DCF’s onboarding, eligibility and compliance review processes and approval by DCF in its discretion. Platform participants must be residents in Canada, must not be natural persons, must qualify as accredited investors within the meaning of National Instrument45-106 – Prospectus Exemptions ("NI 45-106"), and must qualify as permitted clients under applicable Canadian securities laws. Participants must also provide such information, certifications and supporting documentation as DCF may request in order to verify eligibility and compliance with applicable law.

4. Exempt market dealer registration

DCF is registered as an exempt market dealer registered across Canada under securities legislation. DCF operates the Platform in accordance with applicable securities laws and its internal compliance requirements. DCF does not act as principal, counterparty, transfer agent, custodian, clearing agency or settlement agent in respect of transactions between Platform participants. DCF will not participate in any trade between participants.

5. No advice / No reliance

DCF does not provide investment recommendations or investment advice through the Platform, and no information made available on the Platform is intended to be, or should be construed as, a recommendation that any participant enter into, refrain from entering into, or otherwise make any decision in respect of any transaction or Security.

Information made available on or through the Platform is not tailored to the circumstances, investment needs, objectives or constraints of any particular participant and must not be relied upon as a substitute for a participant’s own independent review and professional advice. Each participant is solely responsible for conducting its own due diligence and for obtaining such legal, tax, accounting,valuation, technical and other advice as it considers necessary before entering into any transaction.

6. Conflicts of interest and other Deloitte services

DCF does not participate in trades between Platform participants. However, one or more Deloitte Entities may now, or in the future, provide certain professional advisory services to participants, issuers, borrowers, sponsors or other persons associated with transactions or Securities referenced on the Platform, where those services are unrelated to the operation of the Platform. Such services may give rise to actual, potential or perceived conflicts of interest. Disclosure regarding DCF’s policies and procedures for identifying and addressing material conflicts of interest will be provided to Platform participants as part of the Platform onboarding documentation.

“Deloitte Entities” means DCF, the member firms of Deloitte Touche Tohmatsu Limited, and the affiliates of DCF and such member firms; and in all cases any successor or permitted assignee.

7. Risk disclosure

Securities made available through the Platform are intended to be distributed and transferred under prospectus exemptions and may involve significant risks. Exempt market securities are not subject to the same disclosure requirements and investor protections that generally apply to securities distributed under a prospectus. Such Securities may be illiquid, may be subject to resale restrictions, may be difficult to value, and may result in partial or total loss of investment. Past performance, if shown, is not indicative of future results.

8. Forward-looking information

Certain information made available on the Platform may contain forward-looking information, including statements based on assumptions, estimates, projections, expectations or beliefs about future events or results. Forward-looking information is inherently uncertain and actual events or results may differ materially from those expressed or implied.

9. Third-party information

Information regarding Securities, issuers, borrowers, counterparties or transactions is supplied by third parties. Unless expressly stated otherwise, DCF has not independently verified all such information and does not represent or warrant that such information is accurate, complete or current. Participants are responsible for conducting their own independent review of all information made available through the Platform.

10. Accessibility statement

Liqiditi is committed to providing an accessible and inclusive digital experience for all users. As part of its commitment, Liqiditi complies with DCF's accessibility standards and practices.

To learn more, please view DCF's Accessibility Statement: https://www.deloitte.com/ca/en/legal/accessibility-statement-canada.html.‍