Document ID: 12848

Text:
(vv) No Bad Actor Disqualification. The Company has exercised reasonable care, in accordance with Commission rules and guidance, and has conducted a factual inquiry including the procurement of relevant questionnaires from each Covered Person (as defined below) or other means, the nature and scope of which reflect reasonable care under the relevant facts and circumstances, to determine whether any Covered Person (as defined below) is subject to any of the bad actor disqualifications described in Rule506(d)(1)(i) to (viii)under the Securities Act ( Disqualification Events). To the Companys Knowledge, after conducting such sufficiently diligent factual inquiries, no Covered Person is subject to a Disqualification Event, except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3) under the Securities Act . The Company has complied, to the extent applicable, with any disclosure obligations under Rule 506(e) under the Securities Act . Covered Persons are those persons specified in Rule 506(d)(1) under the Securities Act , including the Company, any predecessor or affiliate of the Company, any director, executive officer, other officer participating in the offering, general partner or managing member of the Company, any beneficial owner of 20% or more of the Companys outstanding voting equity securities, calculated on the basis of voting power, any promoter (as defined in Rule 405 under the Securities Act ) connected with the Company in any capacity at the time of the sale of the Securities, and any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with

Named Entities:
86
92
Regulation
102
103
Act
174
178
Regulation
191
198
Regulation
242
243
Percentage
268
269
Regulation

Tokenized Text:
(
vv
)
No
Bad
Actor
Disqualification
.
The
Company
has
exercised
reasonable
care
,
in
accordance
with
Commission
rules
and
guidance
,
and
has
conducted
a
factual
inquiry
including
the
procurement
of
relevant
questionnaires
from
each
Covered
Person
(
as
defined
below
)
or
other
means
,
the
nature
and
scope
of
which
reflect
reasonable
care
under
the
relevant
facts
and
circumstances
,
to
determine
whether
any
Covered
Person
(
as
defined
below
)
is
subject
to
any
of
the
bad
actor
disqualifications
described
in
Rule506
(
d
)
(
1
)
(
i
)
to
(
viii
)
under
the
Securities
Act
(
Disqualification
Events
)
.
To
the
Companys
Knowledge
,
after
conducting
such
sufficiently
diligent
factual
inquiries
,
no
Covered
Person
is
subject
to
a
Disqualification
Event
,
except
for
a
Disqualification
Event
covered
by
Rule
506
(
d
)
(
2
)
or
(
d
)
(
3
)
under
the
Securities
Act
.
The
Company
has
complied
,
to
the
extent
applicable
,
with
any
disclosure
obligations
under
Rule
506
(
e
)
under
the
Securities
Act
.
Covered
Persons
are
those
persons
specified
in
Rule
506
(
d
)
(
1
)
under
the
Securities
Act
,
including
the
Company
,
any
predecessor
or
affiliate
of
the
Company
,
any
director
,
executive
officer
,
other
officer
participating
in
the
offering
,
general
partner
or
managing
member
of
the
Company
,
any
beneficial
owner
of
20
%
or
more
of
the
Companys
outstanding
voting
equity
securities
,
calculated
on
the
basis
of
voting
power
,
any
promoter
(
as
defined
in
Rule
405
under
the
Securities
Act
)
connected
with
the
Company
in
any
capacity
at
the
time
of
the
sale
of
the
Securities
,
and
any
person
that
has
been
or
will
be
paid
(
directly
or
indirectly
)
remuneration
for
solicitation
of
purchasers
in
connection
with