The project described herein (the “Project”) and the residential units located within the Project (the “Pendry Residential Units”) are not owned, developed, or sold by KT Intellectual Property Holding Company, LLC or its affiliates (collectively, “Licensor”) and Montage does not make any representations, warranties or guaranties whatsoever with respect to the Pendry Residential Units, the Project or any part thereof. NATIRAR RESIDENTIAL DEVELOPMENT GROUP, LLC uses the PENDRY brand name and certain other Licensor trademarks (collectively, the “Trademarks”) in connection with the sales and marketing of the Pendry Residential Units in the Project under a limited, non-exclusive, non-transferable and non-sublicensable license from Licensor.  The foregoing license may be terminated, in which case neither the Pendry Residential Units nor any part of the Project will be identified as a PENDRY-branded project or have any rights to use the Trademarks. Facilities listed, such as the Pendry Natirar resort and Natirar Club are not yet fully constructed and/or operational. They are subject to change. We expect these facilities to be completed and operational by late 2020.  The site map depicted is an illustration provided by the architect and reflects the planned scale and spirit of the building and is subject to change without notice. The rendering depicted is an illustration provided by the architect and reflects the planned scale and spirit of the building and is subject to change without notice. This advertising material is neither an offer to sell nor a solicitation to buy to residents in states in which registration requirements have not been fulfilled and information and materials will not be directed to or forwarded to residents of such states. Existing services and amenities are provided pursuant to an Amenities and Use Agreement and are subject to change. Square footage is approximate and units are not sold based upon square footage. Prices are subject to change without notice. Furnishings shown may not be of a particular unit and are subject to change. Some features shown may be options or upgrades which may not be part of a unit. Views from units may change due to construction by others and are not guaranteed. Some photos are stock photos or artists renderings intended to show lifestyle and may not be actual onsite photos. Units are being sold for personal use and enjoyment and no representations are being made regarding any investment potential. WARNING, THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT INSPECTED, EXAMINED, OR QUALIFIED THIS OFFERING.