LIMITATION OF LIABILITIES
The information, software and services published on this website (“Site”) may include inaccuracies or typographical errors due to various factors, including the inherent possibility of human and mechanical error, the accuracy, completeness, timeliness and correct sequencing of such information, software and services and the results obtained from their use are not guaranteed by the Company or any persons creating or transmitting such information, software and services.
While the Company endeavors to keep the information on the Site up to date and accurate, the Company makes no warranties or representations as to the currency or accuracy of any information on the Site, and you are expressly advised not to take any action, or make any decision, in reliance on any statement contained on the Site unless otherwise advised in writing by the Company. The Company will not be held legally responsible for any errors or omissions in the content of the Site.
The Company and/or its respective service providers may make improvements and/or changes in the content and operation of the Site at any time without notice. the Site may be temporarily unavailable from time to time due to required maintenance, telecommunications interruptions or other reasons.
the Company and/or its service providers make no representations about the suitability of the information, software, products and services contained on this website for any purpose. all such information, software, products and services are provided “as is” without warranty of any kind. The Company and/or its respective service providers hereby disclaim all warranties and conditions with regard to this information, software, products and services, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title, non-infringement and availability. Because some states/jurisdictions do not allow the exclusion of implied warranties, the above exclusion may not apply to you.
Your use of the Site is at your own risk. You are solely responsible for any damage to your computer system, loss of data or any other damage or loss that results from the use of the Site or the download of any content from the Site. In no event shall the Company and/or its service providers be liable for any direct, indirect, punitive, incidental, special or consequential damages arising out of or in any way connected with or relating to the use of or access to this Site or with the delay or inability to use this Site, or for any information, software, products, documents, forms, brochures or services obtained through the Site, whether based on contract, tort, strict liability or otherwise, even if the Company or any of its service providers have been advised of the possibility of damages. Because some states/jurisdictions do not allow the exclusion or limitation of liability for consequential or incidental damages, the above limitation may not apply to you.
Please Note: Definition of a Accredited Investor
To be an accredited investor, an investor must fall within ANY of the following categories at the time of the sale of a Unit(s) to that investor:
(1) A natural person whose individual net worth, or joint net worth with that person’s spouse or spousal equivalent, at the time of such person’s purchase of our securities, exceeds $1,000,000, excluding value of primary residence; or a natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse or spousal equivalent in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;
(2) A trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered hereby, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) of Regulation D;
(3) Any organization described in section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, partnership, or limited liability company, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000;
(4) Any bank as defined in section 3(a)(2) of the Act, or any savings and loan association or other institution as defined in section 3(a)(5)(A) of the Act whether acting in its individual or fiduciary capacity; any broker or dealer registered pursuant to section 15 of the Securities Exchange Act of 1934; any investment adviser registered pursuant to section 203 of the Investment Advisers Act of 1940 or registered pursuant to the laws of a state; any investment adviser relying on the exemption from registering with the Commission under section 203(l) or (m) of the Investment Advisers Act of 1940; any insurance company as defined in section 2(a)(13) of the Act; any investment company registered under the Investment Company Act of 1940 or a business development company as defined in section 2(a)(48) of that act; any Small Business Investment Company licensed by the U.S. Small Business Administration under section 301(c) or (d) of the Small Business Investment Act of 1958; any Rural Business Investment Company as defined in section 384A of the Consolidated Farm and Rural Development Act; any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000; any employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such act, which is either a bank, savings and loan association, insurance company, or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are accredited investors;
(5) A private business development company as defined in Section 202(22) of the Investment Advisers Act of 1940;
(6) An executive officer or other person otherwise deemed an insider of the Company;
(7) An entity in which all of the equity owners are accredited investors (as defined above);
(8) Any entity of a type not listed in paragraph (a)(1), (2), (3), (7), or (8) of the definition of “accredited investor” set forth in Rule 501of Regulation D;
(9) Any natural person holding in good standing one or more professional certifications or designations or credentials from an accredited educational institution that the SEC has designated as qualifying an individual for accredited investor status. As of December 8, 2020, the SEC has designated Series 7, 65 or 82 securities license holders;
(10) Any natural person who is a “knowledgeable employee,” as defined in rule 3c-5(a)(4) under the Investment Company Act (17 CFR 270.3c-5(a)(4)), of the issuer of the securities being offered or sold where the issuer would be an investment company, as defined in section 3 of such act, but for the exclusion provided by either Section 3(c)(1) or Section 3(c)(7) of such act;
(11) Any “family office,” as defined in rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940 (17 CFR 275.202(a)(11)(G)-1): (a) with assets under management in excess of $5,000,000, (b) That is not formed for the specific purpose of acquiring the securities offered, and (c) whose prospective investment is directed by a person who has such knowledge and experience in financial and business matters that such family office is capable of evaluating the merits and risks of the prospective investment; and
(12) Any “family client,” as defined in rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940 (17 CFR 275.202(a)(11)(G)-1)), of a family office meeting the requirements in paragraph (a)(12) of this section and whose prospective investment in the issuer is directed by such family office pursuant to paragraph (a)(12)(iii).
The term “net worth” means the excess of total assets over total liabilities, excluding value of primary residence. In determining income, an investor should add to the investor’s adjusted gross income any amounts attributable to tax exempt income received, losses claimed as a limited partner in any limited partnership, deductions claimed for depletion, contributions to an IRA or KEOGH retirement plan, alimony payments, and any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income.
In order to meet the conditions for exemption from the registration requirements under the securities laws of certain jurisdictions, investors who are residents of such jurisdictions may be required to meet additional suitability requirements.