Can I sell my investments?

Unlike shares of public companies, securities purchased under Title III may not be transferred or sold during the first year of ownership unless they are transferred or sold:

• Back to the issuing company
• To an accredited investor, as defined by the SEC
• As part of an offering registered by the SEC
• To a member of your family, as defined by the SEC
• To a trust you control or to a trust created for the benefit of a member of your family
• As a result of your death or divorce

For the purposes of Title III, the SEC defines a “family member” as a child, stepchild, grandchild, parent, stepparent, grandparent, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships.

Beyond the initial 12-month period of restriction, there may be no market for the securities should you wish to sell them. Please bear in mind that startup investments are long-term investments that may take years to become liquid, if they do at all.