LEGAL DISCLAIMER

Generally, before 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 with their advisors (if any). ICP Funds I, S.A.P.I. de C.V., a Mexican S.A.P.I. company, serves as the manager of ICP Funds.

This document contains a summary of the targeted real estate properties for acquisition by ICP Funds. Current investors in ICP Funds may determine whether to contribute additional capital for the purpose of funding ICP Funds’ acquisition of the properties described here in. The information herein may change as the closing date approaches, becoming outdated, different, or subject to change due to macroeconomic or other external factors beyond the Manager’s control. The properties described herein are examples of the types of properties targeted for investment by ICP Funds. There is no guarantee that ICP Funds will be able to acquire any or all of the properties described herein.

Confidentiality
This document is being provided to you on a confidential basis. Accordingly, this document may not be reproduced in whole or part, and may not be delivered to any person without the consent of the Manager.

Contents Subject to Change; Forward-Looking Statements
Forward-looking statements are neither historical facts nor assurances 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 inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the 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 by private placement memorandum or other offering materials. To obtain further information, you must complete our investor questionnaire and meet the suitability standards required by law.