Key legal risks include securities-law changes, transfer restrictions, the absence of a public trading market, contractual and counterparty risk, potential disputes, conflicts of interest, enforcement costs, operational failures, and changes affecting a Series or its Brand Advisory Agreement.
Investors are not parties to the Brand Advisory Agreement with the athlete and cannot enforce it directly. The applicable Series holds the contractual rights, and Unit holders’ rights are governed by the Series documents and Offering Circular.
No future ATS, resale, liquidity, acceptable price, distribution, return, or repayment of principal is assured. Regulatory filings and SEC qualification do not eliminate these risks and do not constitute SEC approval or endorsement.
Review the complete Offering Circular, subscription agreement, operating agreement, risk factors, conflicts, and plan of distribution. Consider consulting qualified legal, tax, and financial professionals. Investors may lose their entire investment.