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Waldorf Astoria is a registered trademark of Hilton International Holding LLC, an affiliate of Hilton Worldwide Holdings Inc. (together with its affiliates, “Hilton”). The Waldorf Astoria Residences Texas Hill County and Waldorf Astoria Resort Villas Texas Hill Country (the “Residences”) are not owned, developed or sold by Hilton, and Hilton does not make any representations, warranties or guaranties whatsoever with respect to the Residences or related development. Wine Country Hospitality Partners, LLC (“Developer”) uses the Waldorf Astoria brand name and certain Waldorf Astoria trademarks (the “Trademarks”) under a limited, non-exclusive, non-transferable license from Hilton. The license may be terminated or may expire without renewal, in which case the Residences will not be identified as a Waldorf Astoria branded project and the Developer will not have any rights to use the Trademarks.