premise: The man with a long beard and moustache, wearing a hat, sits outside. hypothesis: The old man with a long beard and moustache and hat like santa clause, sits outside waiting for his grand children.
neutral: A man with a long beard and moustache doesn't have to be old. Just because a bearded man is wearing a hat doesn't mean there is a likeness to santa clause. A man sitting outside doesn't have to be waiting for his grand children.