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DISCLAIMER
Confidentiality and Disclosures This presentation has been prepared for use by Social Capital Hedosophia Holdings Corp. II
(“Social Capital”) and Opendoor Labs Inc. (“Opendoor”) in connection with their proposed business
combination. This presentation is for information purposes only and is being provided to you solely in your capacity as a
potential investor in considering an investment in Social Capital and may not be reproduced or redistributed, in whole or
in part, without the prior written consent of Social Capital and Opendoor. Neither Social Capital nor Opendoor makes any representation
or warranty as to the accuracy or completeness of the information contained in this presentation. This presentation is not
intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Social
Capital and is not intended to form the basis of any investment decision in Social Capital. You should consult your own legal,
regulatory, tax, business, financial and accounting advisors to the extent you deem necessary, and must make your own investment
decision and perform your own independent investigation and analysis of an investment in Social Capital and the transactions
contemplated in this presentation. This presentation shall neither constitute an oer to sell or the solicitation of
an oer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the oer,
solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements Certain statements in this presentation may constitute “forward-looking statements”
within the meaning of the federal securities laws. Forward-looking statements include, but are not limited to, statements
regarding Social Capital’s or Opendoor’s expectations, hopes, beliefs, intentions or strategies regarding the
future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intend,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “strive,” “would” and similar expressions may identify forward-looking statements,
but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions,
projections and other statements about future events that are based on current expectations and assumptions and, as a result,
are subject to risks and uncertainties. You should carefully consider the risks and uncertainties described in the “Risk
Factors” section of Social Capital’s registration statement on Form S-1, the proxy statement/prospectus on Form
S-4 relating to the business combination, which is expected to be filed by Social Capital with the Securities and Exchange
Commission (the “SEC”) and other documents filed by Social Capital from time to time with the SEC. These filings
identify and address other important risks and uncertainties that could cause actual events and results to dier materially
from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking statements, and Social Capital and Opendoor assume no obligation
and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events,
or otherwise. Neither Social Capital nor Opendoor gives any assurance that either Social Capital or Opendoor will achieve
its expectations. Use of Projections The financial projections, estimates and targets in this presentation are forward-looking
statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many
of which are beyond Social Capital’s and Opendoor’s control. While all financial projections, estimates and targets
are necessarily speculative, Social Capital and Opendoor believe that the preparation of prospective financial information
involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date
of preparation. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain
and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause
actual results to dier materially from those contained in the financial projections, estimates and targets. The inclusion
of financial projections, estimates and targets in this presentation should not be regarded as an indication that Social Capital
and Opendoor, or their representatives, considered or consider the financial projections, estimates and targets to be a reliable
prediction of future events. Use of Data The data contained herein is derived from various internal and external sources.
No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections
or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an
indication as to future performance. Social Capital and Opendoor assume no obligation to update the information in this presentation.
Further, these financials were prepared by the Company in accordance with private Company AICPA standards. The Company is
currently in the process of uplifting its financials to comply with public company and SEC requirements. Participants in Solicitation
Social Capital and Opendoor and their respective directors and executive officers, under SEC rules, may be deemed to be participants
in the solicitation of proxies of Social Capital’s shareholders in connection with the proposed business combination.
Investors and security holders may obtain more detailed information regarding the names and interests in the proposed business
combination of Social Capital’s directors and officers in Social Capital’s filings with the Securities and Exchange
Commission (the “SEC”), including Social Capital’s registration statement on Form S-1, which was originally
filed with the SEC on February 28, 2020. To the extent that holdings of Social Capital’s securities have changed from
the amounts reported in Social Capital’s registration statement on Form S-1, such changes have been or will be reflected
on Statements of Change in Ownership on Form 4 filed with the SEC. Information regarding the persons who may, under SEC rules,
be deemed participants in the solicitation of proxies to Social Capital’s shareholders in connection with the proposed
business combination is set forth in the proxy statement/prospectus on Form S-4 for the proposed business combination, which
is expected to be filed by Social Capital with the SEC. Investors and security holders of Social Capital and Opendoor are
urged to read the proxy statement/prospectus and other relevant documents that will be filed with the SEC carefully and in
their entirety when they become available because they will contain important information about the proposed business combination.
Investors and security holders will be able to obtain free copies of the proxy statement and other documents containing important
information about Social Capital and Opendoor through the website maintained by the SEC at www.sec.gov. Copies of the documents
filed with the SEC by Social Capital can be obtained free of charge by directing a written request to Social Capital Hedosophia
Holdings Corp. II, 317 University Ave, Suite 200, Palo Alto, California 94301.
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