IMPORTANT: PLEASE READ CAREFULLY

• Use of the Services of Caldwell Partners, LLC (the “Company”) involves a high degree of risk. Investments in private partnership interests are illiquid, highly speculative, and should not be made by anyone that cannot afford to risk their entire capital contribution.
• There can be no assurance that any investment objectives will be achieved.
• Private partnership interests often lack principal protections and investors may lose all or part of their invested capital.
• Private partnership interests may be subject to substantial restrictions on transfer and may be illiquid for extended periods.
• Clients (“Clients”) should carefully review the information and risks disclosed in each private partnership’s documents with their own independent legal, regulatory, investment and tax advisors before deciding whether to proceed with a Licensee seller managed private auction.
• Information provided by the Company is incomplete, cannot be guaranteed, is subject to change without notice, and is for informational purposes only.
• The Services are provided to assist in the administrative workflow of Clients.
• The Company does not act as a broker, agent, or intermediary, and does not provide investment advice, solicit investors, handle securities transactions, take custody of funds or securities, nor participate in transaction-based compensation related to securities sales.
• The Company provides its Services in reliance on SEC federal exemptions, including Section 4(a)(2) of the Securities Act and provisions of Regulation D, including Rule 506(b) and Rule 506(c). However, there can be no assurance that a regulator will not challenge use of the Services. By accessing the Company’s website(s) and using its Services, Clients understand and accept this risk.
• All Clients are strongly encouraged to retain their own independent legal, regulatory, tax and investment advisors when contemplating a private transfer of private partnership interests in connection with the Services.
• No representation is made regarding the accuracy or completeness of any information provided via the Services by the Company.
• Past performance does not guarantee future results, and nothing presented on or through the Services constitutes investment advice or a recommendation.  
• Only certain sophisticated Qualified Investors (for this purpose defined as accredited investors and qualified clients or qualified purchasers as per SEC Rule 205-3), are appropriate for high-risk, illiquid, private partnership interests. Suitable investors typically have the following characteristics:
• Sufficient annual income and net worth to withstand significant losses and illiquidity.
• Investment experience and education, with a clear understanding of private investments and alternative asset risks.
• Ability and willingness to risk the entire invested capital without jeopardizing essential financial needs, living expenses, or future goals.
• Investment objectives aligned with long-term, speculative, and potentially illiquid alternative assets.
• Capacity to evaluate investment risks independently and consult with professional tax, legal, regulatory and financial advisors as needed.