LEGAL NOTE

Generally, prior to making an investment decision with respect to ICP Funds II, S.A.P.I. de C.V. and/or ICP Funds IV, LLC. (“ICP Funds”), potential investors are advised to carefully read and review this document and consult their advisors (if any). ICP I Funds, S.A.P.I. de C.V., a S.A.P.I. Mexican company, works as manager of ICP Funds.

This document contains a summary of the real estate properties selected for acquisition by ICP Funds. Current investors in ICP Funds may determine whether to contribute additional capital in order to finance ICP Funds' acquisition of the properties described herein. The information contained herein may change as the closing date approaches, becoming outdated, different or subject to change due to macroeconomic factors or other external factors beyond the control of the Administrator. The properties described in this document are examples of the types of properties that ICP Funds intends to invest in. There is no guarantee that ICP Funds will be able to acquire any or all of the properties described in this document.

Confidentiality
This document is provided to you in confidence. Consequently, this document may not be reproduced in whole or in part, and may not be delivered to any person without the consent of the Administrator.

Contents subject to change; forward-looking statements Forward-looking statements are not historical facts or guarantees of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to uncertainties, risks, and inherent changes in circumstances that are difficult to predict and many of which are beyond our control. Our actual results and financial condition may differ materially from those indicated in any forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

All information and materials in this report are for discussion purposes only. Nothing herein should be construed as an offer to sell or a solicitation of any offer to buy any securities. Offers are made only through private placement memoranda or other offering materials. To learn more, you must complete our investor questionnaire and meet the eligibility standards required by law.