MAY 31ST, 2024

Greetings from Motorsports Gateway Howell! We are thrilled to share the latest progress updates from the ongoing construction of our automotive district. With the first part of the 2024 Michigan Construction Season well underway, we are proud to report significant advancements across various aspects of the project.

Track Progress

The finish grading and subbase compaction for our private driving circuit is nearing completion, marking a major milestone in our journey towards providing a premier racing experience. We remain on target for our timeline, with the track still set for a soft open this summer. Our team is dedicated to ensuring that every aspect of the track meets the highest standards of quality and safety, promising an exhilarating experience for our future Drivers Club members.

Garage Condo Developments

Grading for additional garage condo buildings is progressing smoothly, allowing us to complete the pads for the remaining structures. Building 7 is already going vertical, with structural beams in place and enclosure scheduled to begin the week of June 10th. We are excited to announce that keys to the condos are expected to be delivered by the end of the first quarter of 2025, allowing owners to soon enjoy their exclusive automotive spaces.

Garage Condo Interiors

As we progress with construction, we are preparing to provide garage condo owners with the opportunity to start designing their unit interiors. Our pre-approved interior designs will enable owners to personalize their spaces according to their preferences, allowing them the opportunity to walk into a finished unit when they receive their keys.

Detention Basins and Storm Water Structures

We are pleased to report that the detention basins have been finish graded, and permanent storm water structures are being staged onsite for installation during the first week of June. These essential infrastructure elements are crucial for ensuring the long-term sustainability and environmental responsibility of our facility.

At Motorsports Gateway Howell, we remain committed to delivering an unparalleled automotive lifestyle experience. Stay tuned for more updates as we continue to move forward with our ambitious project!

Notice Regarding Forward-Looking Statements

This communication may contain forward-looking statements within the meaning of the securities laws, including statements regarding our future business plans, growth prospects, and strategic initiatives. These forward-looking statements are based on current expectations, estimates, forecasts, and projections about our business and industry, as well as on management's beliefs and assumptions. Statements that are followed by or include words such as "aim," "anticipate," "believe," "estimate," "expect,” “forecast,” "intend," "plan," "project," "seek," "may," "could," "will," “should,” or similar expressions and narratives thereof are subject to this notice. Forward-looking statements may include, but are not limited to, statements regarding anticipated future plans or performance, projections and expectations, market trends, expansion opportunities, and potential strategic partnerships or acquisitions. These statements are subject to various risks, uncertainties, and assumptions, including those described in our newsletters, website, and filings with regulatory authorities.

While our company is not subject to the same regulatory requirements as publicly traded companies, we recognize the importance of providing transparent and accurate information to our stakeholders. Accordingly, our forward-looking statements are made in accordance with applicable laws and regulations governing corporate communications and are based on current information and reasonable assumptions.

Actual results may differ materially from those expressed or implied by these forward-looking statements due to various factors beyond our control. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Our general audience and stakeholders are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.