Disclosures

This website and all materials contained herein are provided by Blackline Capital Partners ("Blackline") for informational purposes only. Nothing on this Site constitutes an offer to sell or the solicitation of an offer to buy any security. Any such offer or solicitation will be made only by means of a formal Private Placement Memorandum ("PPM") delivered to qualified accredited investors in accordance with applicable securities laws.

No investment decision should be made based solely on the information contained on this website. Prospective investors should carefully review the full PPM and all related investment documents and consult with their own legal, tax, and financial advisors prior to making any investment decision.

Fund I is being offered and sold in reliance upon an exemption from registration under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Rule 506(c) of Regulation D. Under Rule 506(c), Blackline may engage in general solicitation and general advertising, but all purchasers of interests in Fund I must be verified accredited investors as defined in Rule 501(a) of Regulation D.

The interests in Fund I have not been registered under the Securities Act, or the securities laws of any state, and are being offered and sold in reliance on exemptions from the registration requirements of those laws. The interests are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the Securities Act and applicable state securities laws.

Neither the Securities and Exchange Commission nor any state securities authority has approved or disapproved the interests or passed upon the accuracy or adequacy of this website or the PPM.

Under SEC Rule 501(a) of Regulation D, an "accredited investor" includes, among others:

• Any natural person whose individual net worth, or joint net worth with that person's spouse or spousal equivalent, exceeds $1,000,000, excluding the value of the primary residence

• Any natural person who had individual income in excess of $200,000 in each of the two most recent years, or joint income with that person's spouse or spousal equivalent in excess of $300,000 in each of those years, and has a reasonable expectation of reaching the same income level in the current year

• Any entity with total assets in excess of $5,000,000 not formed for the specific purpose of acquiring the securities offered

• Any entity in which all of the equity owners are accredited investors

• Certain trusts, family offices, and registered investment advisers as further defined under Rule 501(a)

All investors must complete formal third-party accreditation verification before subscribing to Fund I.

Certain information contained on this website, including statements regarding target returns, fund size, investment strategy, deal pipeline, projected net IRR, equity multiples, and distribution timelines, constitutes "forward-looking statements." These statements are based on management's current expectations, estimates, assumptions, and projections, which are subject to significant risks and uncertainties.

Actual results could differ materially from those expressed or implied by such forward-looking statements due to various factors, including but not limited to:

• Changes in general economic conditions or real estate market conditions

• Development delays, construction cost overruns, or permitting issues

• Inability to acquire suitable assets at targeted pricing

• Changes in interest rates, credit availability, or capital market conditions

• Changes in applicable laws, regulations, or tax treatment

• Loss of key personnel or operating partner relationships

• Force majeure events, including natural disasters or public health emergencies

Forward-looking statements speak only as of the date they are made. Blackline undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

References on this website to the prior investment track records, transaction history, or realized returns of Blackline principals, Bellamare Development, or any affiliated entity are provided for background informational purposes only.

Past performance is not indicative of future results. Prior transactions were conducted under different market conditions, fund structures, and regulatory environments than those applicable to Fund I. There is no assurance that Fund I will achieve its target returns or that investors will receive any return of capital.

Investing in Fund I involves significant risks including, without limitation:

• ILLIQUIDITY — LP interests in Fund I are illiquid. There is no public market for the interests, and investors should expect to hold their investment for the full fund term (5 years plus optional extensions). There is no guaranteed right of redemption.

• LOSS OF CAPITAL — Investors may lose all or a substantial portion of their invested capital. Real estate investments are subject to market value fluctuations, development risk, and financing risk.

• DEVELOPMENT RISK — Ground-up development involves risks including construction delays, cost overruns, permitting failures, environmental issues, and contractor default.

• LEVERAGE RISK — The Fund and its investments may employ leverage. Debt financing increases exposure to loss and may result in foreclosure on assets.

• CONCENTRATION RISK — Fund I is concentrated in the hospitality and mixed-use sectors and in the Southeast United States. Adverse conditions in these sectors or geographies could disproportionately affect the Fund.

• MANAGER RISK — Fund I is dependent on the principals and key personnel of Blackline Capital Partners and Bellamare Development. Loss of key personnel could adversely affect performance.

• REGULATORY RISK — Changes in securities laws, tax laws, zoning regulations, or environmental laws could adversely affect the Fund or its investments.

This is not an exhaustive list. Prospective investors should review the complete risk factors set forth in the PPM.

Blackline Capital Partners is not a registered investment adviser, broker-dealer, or tax adviser. Nothing on this website constitutes legal, tax, investment, or financial advice. Prospective investors should seek independent professional advice from qualified attorneys, accountants, and financial advisors before making any investment decision.

The securities offered by Fund I have not been registered under the securities laws of any state. In making an offer of interests in Fund I, Blackline is relying on applicable exemptions from state registration requirements. Certain states may require filing of notice with state securities regulators prior to the offer or sale of interests to residents of that state. This website does not constitute an offer or solicitation in any jurisdiction where such an offer or solicitation would be unlawful.

While Blackline endeavors to maintain accurate and current information on this website, we make no representations or warranties regarding the accuracy, completeness, or timeliness of any information contained herein. Fund terms, target returns, pipeline assets, team information, and other details are subject to change without notice. In all cases, the formal PPM and related subscription documents control.

For questions regarding these disclosures or Fund I:

Blackline Capital Partners

207 W Jackson St, Suite T

Ridgeland, MS 39157

ir@blackline-cap.com

www.blackline-cap.com