HUBUS133 Alpha Group Capital assure investors that litigation costs will not exceed expected amounts or that adverse publicity won't be obtained. If an issuer fails to meet its contractual obligations, in addition to the possibility of being involved in costly litigation, an Underlying Fund may be unable to dispose of the Securities at appropriate prices, if at all, or may experience substantial delays in doing so, and thus the Underlying Fund may not be able to realize the anticipated profit with respect to such investment for a substantial period of time, if ever. There can be no assurances that any issuer will succeed in registering for public resale the Securities held by the Underlying Fund or that registration of Securities pursuant to any such arrangement will create liquidity. In connection with its sales of Securities purchased pursuant to Regulation D or otherwise exempt from registration, an Underlying Fund could be deemed to be a "statutory underwriter" based on the method and timing of such sales. If an Underlying Fund were deemed to be a "statutory underwriter," it could have an adverse effect on the transaction(s) in respect of which such determination is made and, possibly, on the Underlying Fund's ability to continue to effectively pursue this investment strategy. An Underlying Fund could be held jointly and severally liable with the issuer to the persons purchasing Securities from it for damages based upon misstatements or omissions of material facts in a prospectus or oral communication delivered or made in connection with such offer or sale. An Underlying Fund relies on certain exemptions from the SEC's registration requirements to sell its restricted securities, including Rule 144 of the Securities Act. Under Rule 144, before selling any restricted securities, an Underlying Fund may be obligated to hold them for at least six months, provided that the issuer is subject to, and has complied with, the reporting requirements of