What are the SEC requirements to participate in a private placement?
The illiquidity of, and significant risks associated with, an investment in private placements make the purchase of Units suitable only for an investor who has substantial income or net worth, who has no need for liquidity with respect to the investment, who can bear the risk of a complete loss of the investment, who understands the nature of the risks involved, and who has adequate means of providing for his or her current and foreseeable needs and personal contingencies. Accordingly, you will only be permitted to purchase any Units in a given private placement if you are able to bear indefinitely the economic risk of your investment and you otherwise satisfy the suitability standards herein. Private placement offerings are not registered by or qualified with the SEC or by a state securities administrator. Offerings are made in reliance on certain exemptions from such upon, among other things, the investment intent and qualifications of each prospective investor. In no event will Unit
