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Agreements
This is the main document according to which Investor and Daily Challenge enter into a legal relationship

Here are the ponts which the main part of this agreement states:
Subscription agreement
  1. Subscription
  2. Representations and Warranties of the Subscriber
  3. Certificates
  4. Liability
  5. Indemnification
  6. Power of Attorney
  7. Dispute Resolution
  8. Waiver; Conflict of Interest
  9. Confidentiality
  10. USA PATRIOT Act
  11. Beneficial Ownership
  12. Subscriber's Sophistication
  13. Survival
  14. Additional Information
  15. Assignment and successors
  16. No Third-Party Beneficiaries
  17. Amendment; Waiver
  18. Governing Law
  19. Entire Agreement
  20. Notice
  21. Severability
  22. Copies and Counterparts
  23. Electronic Delivery of Disclosures and Schedule K-1
The main part of this agreement is 13 pages long
Additionaly there is privacy notice, information about qualified/accredited investor status, subscriber information form and USA Patriot Act Complience
We would recommend to pay attention to the following points:
Subscription; Representations and Warranties of the Subscriber; Liability; Subscriber's Sophistication
Please, make attention that we have 6% setup-fee and 20% carry.



This is the document which all companies have. It regulates the rules for main operations inside Daily Challenge, states obligations and liabilities of company's managers

Here are the ponts which the main part of this agreement states:
Operation agreement
  1. Definitions
  2. Organizational matters
  3. Capital accounts
  4. Members, membership capital
  5. Management and Control of the fund
  6. Allocations of net income and net loss
  7. Distributions
  8. Transfers
  9. Records, reports and taxes
  10. Dissolution and liquidation
  11. Limitation of liability
  12. Representations, warranties and covenants
  13. Power of attorney
  14. Miscellaneous
The main part of this agreement is 24 pages long

We would recommend to pay attention to the following points:
Capital accounts; members, membership capital; allocations of net income and net loss; distributions



This is a notice, not an agreement, so it doesn't need to be signed. It describes risks and taxation details

Here are the ponts which the main part of this agreement states:
Private placement memorandum
  1. Summary of principal terms
  2. Portfolio company
  3. Management of the fund
  4. The fund investment
  5. The offering
  6. Legal and tax matters
  7. Investment considerations
  8. Considerations for ERISA plans and individual retirement plans
  9. Access to information
  10. Privacy policy
  11. Subscription procedures
The main part of this agreement is 50 pages long

We would recommend to pay attention to the following points:
Portfolio company; the fund investment; legal and tax matters; investment considerations



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