DISCLAIMER

The preliminary information contained herein is provided for informational and discussion purposes only and is not, and may not be relied on in any manner as, legal, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in 10X Studios (the “Company”). Prior to the launch of an offering, we will provide an opportunity for visitors to the 10X Studios website to enter their emails to join a list of visitors who wish to receive further information regarding a future offering. If you join the list, you acknowledge and agree that joining a list did not and will not obligate the Company to provide you the opportunity to participate in any securities offering of the Company, or create any other legal or regulatory duty on the part of the Company. You also certify that you are an “accredited investor,” as defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended.

A private offering of interests in the Company will only be made pursuant to a confidential Private Placement Memorandum (the “Offering Memorandum”) and the Company’s subscription documents, which will be furnished to qualified investors on a confidential basis at their request for their consideration in connection with such offering. The information contained herein will be qualified in its entirety by reference to the Offering Memorandum, which contains additional information about the investment objective, terms and conditions of an investment in the Company and also contains tax information and risk disclosures that are important to any investment decision regarding the Company. No person has been authorized to make any statement concerning the Company other than as set forth in the Offering Memorandum and any such statements, if made, may not be relied upon.

An investment in the Company will involve significant risks, including loss of the entire investment. The interests in the Company will be illiquid, as there is no secondary market for interests in the Company and none is expected to develop. There will be restrictions on transferring interests in the Company, investments may be leveraged and the investment performance may be volatile.

Before deciding to invest in the Company, prospective investors should read the Offering Memorandum and pay particular attention to the risk factors contained in the Offering Memorandum. In considering any performance data contained herein or in the Offering Memorandum, one should bear in mind that past or targeted performance is not indicative of future results, and there can be no assurance that the Company will achieve comparable results or that target returns will be met. No information provided about the Company should be deemed to be a prediction or projection of future performance of the Company. Prospective investors should make their own investigations and evaluations of the information presented. Each prospective investor should consult its own attorney, business adviser and tax adviser as to legal, business, tax and related matters concerning the information contained herein and such offering.

Except where otherwise indicated herein, the information provided about the Company is based on matters as they exist as of the date of preparation and not as of any future date, and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date hereof.

Certain information may constitute a “forward-looking statement,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the Company may differ materially from those reflected or contemplated in such forward-looking statements. Prospective investors in the Company should not rely on these forward-looking statements in deciding whether to invest in the Company. The information contained herein has in some cases been obtained from sources outside of the Company and its affiliates. While such information is believed to be reliable for the purposes used herein, neither the Company, nor any of its affiliates or partners, members or employees, assume any responsibility for the accuracy of such information.