Subscriptions to purchase equity or debt investment securities in GF&C Holding Company are subject to prior
sales and the right of the Board of Directors to reject any subscription.
There is presently no trading market and there can be no assurance that a trading market for any equity or
debt securities of GF&C Holding Company will ever develop.
Each prospective investor should obtain the advice of the investor's attorney, tax consultant and business
advisor with respect to the legal, tax and business aspects of any investment in the equity or debt securities
of GF&C Holding Company before investing.
No person has been authorized to give any information or to make any representations regarding investing in
GF&C Holding Company other than any investment memorandum that may be currently in effect. If given or made,
such information or representations must not be relied upon as having been authorized by the Company.