THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR (AB STABLE LLC). FILE NO. CD18-0101. Equal Housing Opportunity. Waldorf Astoria is a registered trademark of Hilton International Holding Corporation, an affiliate of Hilton Worldwide Inc. (“Hilton”). 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. The 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 or have any rights to use the Trademarks.