Disclosure and Forward-Looking Statements (hereinafter “Disclosure”

Any person or corporation (hereinafter the “Reader”) accessing the Thomson Realty Ltd. (hereinafter known as “TRL”) website for any purpose, or receiving any newsletter or posting from TRL,  agrees and acknowledges all parts of the TRL website and any newsletter or posting are subjective in nature and TRL is providing for the Reader comments, postings of any type, written or verbal discussions, suggestions, recommendations, proforma financial reviews, statistical and other types of market sizing and forecasting models and suggested readings (collectively hereinafter the “Information”) only as ways for a TRL website or newsletter Reader to self-determine courses of personal or corporate action of any type. The Reader may NOT construe the Information in any manner, or using any method, as being legal opinions, advice of any type, or as statements of fact. Any decision or decisions taken or required by the Reader because of the Information for personal or corporate purposes based on discussions between the Reader, those for whom the Reader is responsible in law, the Reader’s other consultants or professional advisors of any type, shall be deemed to be the Reader’s decisions only, without legal recourse to TRL or those for whom TRL is responsible in law. Any discussions or conclusions to date or in future discussions reached by Reader, TRL or others concerning the Information described herein are only for the purposes of evaluating the suitability of and understanding more completely the Information, respective value of the Information, a potential Transaction or in the event of a Reader proceeding to an investment related to the Information.

Certain statements contained in the TRL website and/or newsletters and postings, and the Information may constitute “forward-looking” statements, which involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of TRL, its subsidiary entities and the Information, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. This Disclosure has statements using words such as “may”, “will”, “expect”, “believe”, “plan”, “would”, “could” and other similar terminology. The Reader is not to see these statements as guarantees of future performance and are subject to numerous risks and uncertainties which could cause actual results to differ materially from the forward-looking statements. Those Information risks and uncertainties include: general state of the economy; dependence on infrastructures of ant type; competition in various industries; ability to attract and retain professionals; interest rate risk; currency risk; credit risk; ability to maintain profitability and manage growth; revenue and cash flow volatility; dependence on market liquidity; integration of acquisitions; protection of intellectual property; weather; fixed-price and contingency engagements; performance of obligations / maintenance of client satisfaction; appraisal mandates; customer concentration; operating risks; risk of future legal proceedings; legislative and regulatory changes; insurance limits; income tax matters; fluctuation of cash dividends; unpredictability and volatility of common share price; capital investment; dilution of existing shareholder interests; leverage and restrictive covenants; and, investment eligibility. Given these risks and uncertainties, the Reader, those for whom the Reader is responsible in law, the Reader’s other consultants or professional advisors of any type should not place undue reliance on forward-looking statements as a prediction of actual results. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of any TRL posting. Although the forward-looking statements contained in the Information are based upon what TRL believes to be reasonable parameters and assumptions, TRL cannot assure a Reader that actual results will be consistent with these forward-looking statements. These forward-looking statements are made by TRL as of the date of any TRL website information, posting or comments and, except in accordance with applicable law, TRL assumes no obligations or liability to update or revise them to reflect new events or circumstances. Additionally, TRL undertakes no obligation or liability to comment on analyses, expectations or statements made by third parties in respect of the Information, its financial or operating results, or its securities. 

The Reader, and any persons for whom the Reader is responsible in law, or affiliated companies and partners acting upon the Information and any of its forward-looking statements and entering a Transaction or other decision for the Reader’s purposes are all deemed to have sought and accepted professional legal and accounting advice as is prudent and necessary. The Reader, by accessing and using any of the TRL website, postings, and newsletters, is deemed to have read and understood this Disclosure.