Tax Advice Disclaimer

Tax Advice Disclaimer

“Treaty Oak Royalty Capital, LLC (the “Company”) does not provide, nor does this document constitute, tax, legal or accounting advice. Nothing on this document may be relied upon as tax, legal or accounting advice. Each individual is advised to come to their own conclusions regarding the tax, legal and accounting issues involved in any particular sale of renewable resources rights. Specifically, you should consult your own tax, legal and accounting advisors before engaging in any possible transaction, and specifically regarding the U.S. federal and any state or local income tax treatment of the transactions described herein. You will be solely responsible for the payment of any federal, state or local taxes owed by you as a result of any transaction you might enter into with the Company. None of Company, its officers, members, board of directors, employees, attorneys, agents, advisors or any of its or their affiliates or representatives, has made any commitment or guarantee to anyone who reads this document that any federal, state or local tax treatment will (or will not) apply or be available to you, and you are in no manner relying on the Company, its officers, members, board of directors, employees, attorneys, agents, advisors or any of its or their affiliates or representatives for an assessment of such tax treatment. By reading this document, you acknowledge and agree that you have consulted with any tax consultants and financial and legal advisors that you deem advisable in connection with any possible transaction you might enter into and shall be solely responsible for the payment of any federal, state or local taxes owed by you as a result.”