Form D Raw Data - Electronic Filing Depository

EFDID: 33275EFD: Raw Data

Issuer: Cypress Income Fund 11, LLC (0001486185) - D/A

Accession: 0001140361-12-011243 () (EDGAR Files) (Form D)

Edgar Posted: Feb. 27, 2012
EFD Posted: Aug. 7, 2014

- < edgarSubmission >

< schemaVersion > X0704 </ schemaVersion >

< submissionType > D/A </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001486185 </ cik >

< entityName > Cypress Income Fund 11, LLC </ entityName >

- < issuerAddress >

< street1 > 188 THE EMBARCADERO, SUITE 420 </ street1 >

< city > SAN FRANCISCO </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94105 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > 415-281-3020 </ issuerPhoneNumber >

< jurisdictionOfInc > CALIFORNIA </ jurisdictionOfInc >

- < issuerPreviousNameList >

< value > None </ value >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< value > None </ value >

</ edgarPreviousNameList >

< entityType > Limited Liability Company </ entityType >

- < yearOfInc >

< withinFiveYears > true </ withinFiveYears >

< value > 2010 </ value >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Stephen </ firstName >

< middleName > Rogers </ middleName >

< lastName > Harwood </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 188 The Embarcadero, Suite 420 </ street1 >

< city > San Francisco </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94105 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

< relationship > Director </ relationship >

< relationship > Promoter </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Officer and Director of LLC Manager </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > N/A </ firstName >

< lastName > Cypress Equipment Management Corp V </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 188 The Embarcadero, Suite 420 </ street1 >

< city > San Francisco </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94105 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

< relationship > Promoter </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > LLC Manager </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Kenneth </ firstName >

< lastName > Park </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 188 The Embarcadero, Suite 420 </ street1 >

< city > San Francisco </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94105 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Officer of LLC Manager </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Daniel </ firstName >

< lastName > Rael </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 188 The Embarcadero, Suite 420 </ street1 >

< city > San Francisco </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94105 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Officer of LLC Manager </ relationshipClarification >

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Other Banking and Financial Services </ industryGroupType >

</ industryGroup >

- < issuerSize >

< revenueRange > Decline to Disclose </ revenueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06 </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > true </ isAmendment >

< previousAccessionNumber > 0001140361-11-012902 </ previousAccessionNumber >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2011-03-07 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > true </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isDebtType > true </ isDebtType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 25000 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > Crown Capital Securities, LP </ recipientName >

< recipientCRDNumber > 6312 </ recipientCRDNumber >

< associatedBDName > Crown Capital Securities, LP </ associatedBDName >

< associatedBDCRDNumber > 6312 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 725 Town and Country Road, Suite 530 </ street1 >

< city > Orange </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92868 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

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< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

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< description > CONNECTICUT </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > DE </ state >

< description > DELAWARE </ description >

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< description > FLORIDA </ description >

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< description > INDIANA </ description >

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< description > KANSAS </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

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< description > LOUISIANA </ description >

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< description > MASSACHUSETTS </ description >

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< description > MARYLAND </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

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< description > MINNESOTA </ description >

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< state > MS </ state >

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< description > MONTANA </ description >

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< description > NORTH DAKOTA </ description >

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< description > NEW HAMPSHIRE </ description >

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< description > NEW MEXICO </ description >

< state > NV </ state >

< description > NEVADA </ description >

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< description > NEW YORK </ description >

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< description > OHIO </ description >

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< description > WASHINGTON </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Dewaay Financial Network, LLC </ recipientName >

< recipientCRDNumber > 30767 </ recipientCRDNumber >

< associatedBDName > Dewaay Financial Network, LLC </ associatedBDName >

< associatedBDCRDNumber > 30767 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 13001 University Avenue </ street1 >

< city > Clive </ city >

< stateOrCountry > IA </ stateOrCountry >

< stateOrCountryDescription > IOWA </ stateOrCountryDescription >

< zipCode > 50325 </ zipCode >

</ recipientAddress >

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< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

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< description > ILLINOIS </ description >

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< description > KANSAS </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

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< description > MICHIGAN </ description >

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< state > ND </ state >

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< description > NEBRASKA </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

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< state > WV </ state >

< description > WEST VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Independent Financial Group, LLC </ recipientName >

< recipientCRDNumber > 7717 </ recipientCRDNumber >

< associatedBDName > Independent Financial Group, LLC </ associatedBDName >

< associatedBDCRDNumber > 7717 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 12636 High Bluff Drive, Suite 100 </ street1 >

< city > San Diego </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92130 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

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< description > ARKANSAS </ description >

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< description > ARIZONA </ description >

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< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

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< description > CONNECTICUT </ description >

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< description > DISTRICT OF COLUMBIA </ description >

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< description > IDAHO </ description >

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< description > ILLINOIS </ description >

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< description > INDIANA </ description >

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< description > KENTUCKY </ description >

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< description > LOUISIANA </ description >

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< description > MICHIGAN </ description >

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< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

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< description > NEW JERSEY </ description >

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< description > NEVADA </ description >

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< description > NEW YORK </ description >

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< description > PENNSYLVANIA </ description >

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< description > SOUTH CAROLINA </ description >

< state > SD </ state >

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< description > TENNESSEE </ description >

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< description > WASHINGTON </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Pacific West Securities, Inc. </ recipientName >

< recipientCRDNumber > 6390 </ recipientCRDNumber >

< associatedBDName > Pacific West Securities, Inc. </ associatedBDName >

< associatedBDCRDNumber > 6390 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 555 S. Renton Village Place, Suite 700 </ street1 >

< city > Renton </ city >

< stateOrCountry > WA </ stateOrCountry >

< stateOrCountryDescription > WASHINGTON </ stateOrCountryDescription >

< zipCode > 98057 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > HI </ state >

< description > HAWAII </ description >

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< description > IOWA </ description >

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< description > IDAHO </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

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< description > MASSACHUSETTS </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

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< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > MT </ state >

< description > MONTANA </ description >

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< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

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< description > NEW JERSEY </ description >

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< description > NEVADA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

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< description > OHIO </ description >

< state > OK </ state >

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< description > PENNSYLVANIA </ description >

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< description > SOUTH CAROLINA </ description >

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< description > TENNESSEE </ description >

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< description > TEXAS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > VSR Financial Services, Inc. </ recipientName >

< recipientCRDNumber > 14503 </ recipientCRDNumber >

< associatedBDName > VSR Financial Services, Inc. </ associatedBDName >

< associatedBDCRDNumber > 14503 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 8620 W. 110th Street, Suite 200 </ street1 >

< city > Overland Park </ city >

< stateOrCountry > KS </ stateOrCountry >

< stateOrCountryDescription > KANSAS </ stateOrCountryDescription >

< zipCode > 66210 </ zipCode >

</ recipientAddress >

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< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

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< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Madison Avenue Securities, Inc. </ recipientName >

< recipientCRDNumber > 23224 </ recipientCRDNumber >

< associatedBDName > Madison Avenue Securities, Inc. </ associatedBDName >

< associatedBDCRDNumber > 23224 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 15050 Avenue of Science, Suite 150 </ street1 >

< city > San Diego </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92128 </ zipCode >

</ recipientAddress >

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< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > OH </ state >

< description > OHIO </ description >

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< description > OKLAHOMA </ description >

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< description > OREGON </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Summit Brokerage Services, Inc. </ recipientName >

< recipientCRDNumber > 34643 </ recipientCRDNumber >

< associatedBDName > Summit Brokerage Services, Inc. </ associatedBDName >

< associatedBDCRDNumber > 34643 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 595 S. Federal Highway, Suite 500 </ street1 >

< city > Boca Raton </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 33432 </ zipCode >

</ recipientAddress >

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< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

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< description > HAWAII </ description >

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< description > IOWA </ description >

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< description > IDAHO </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

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< description > NEBRASKA </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

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< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

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< description > OHIO </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Shawn B. Davis </ recipientName >

< recipientCRDNumber > 2911230 </ recipientCRDNumber >

< associatedBDName > Berthel, Fisher and Company Financial Services, Inc. </ associatedBDName >

< associatedBDCRDNumber > 13609 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 11601 Blocker Drive, Suite 105 </ street1 >

< city > Auburn </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 95603 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Lewis J. Walker </ recipientName >

< recipientCRDNumber > 822190 </ recipientCRDNumber >

< associatedBDName > The Strategic Financial Alliance, Inc. </ associatedBDName >

< associatedBDCRDNumber > 126514 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3930 East Jones Bridge Road, Suite 150 </ street1 >

< city > Norcross </ city >

< stateOrCountry > GA </ stateOrCountry >

< stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >

< zipCode > 30092 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Cypress Capital Corporation </ recipientName >

< recipientCRDNumber > 42618 </ recipientCRDNumber >

< associatedBDName > Cypress Capital Corporation </ associatedBDName >

< associatedBDCRDNumber > 42618 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 188 The Embarcadero, Suite 420 </ street1 >

< city > San Francisco </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94105 </ zipCode >

</ recipientAddress >

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< state > AL </ state >

< description > ALABAMA </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

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< description > CONNECTICUT </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

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< description > IDAHO </ description >

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< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

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< description > NEBRASKA </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > William H. Lowell </ recipientName >

< recipientCRDNumber > 1158722 </ recipientCRDNumber >

< associatedBDName > Lowell and Company, Inc. </ associatedBDName >

< associatedBDCRDNumber > 24913 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4021 84th Street, Suite 100 </ street1 >

< city > Lubbock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 79423 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AL </ state >

< description > ALABAMA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Cheryl L. Knight </ recipientName >

< recipientCRDNumber > 1854248 </ recipientCRDNumber >

< associatedBDName > The Strategic Financial Alliance, Inc. </ associatedBDName >

< associatedBDCRDNumber > 126514 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 555 Corporate Drive, Suite 220 </ street1 >

< city > Ladera Ranch </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92694 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AL </ state >

< description > ALABAMA </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

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< description > INDIANA </ description >

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< state > MO </ state >

< description > MISSOURI </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Nathan L. Rewerts </ recipientName >

< recipientCRDNumber > 2913269 </ recipientCRDNumber >

< associatedBDName > Investment Planners, Inc. </ associatedBDName >

< associatedBDCRDNumber > 18557 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3500 SW Birchwood Dr. </ street1 >

< city > Topeka </ city >

< stateOrCountry > KS </ stateOrCountry >

< stateOrCountryDescription > KANSAS </ stateOrCountryDescription >

< zipCode > 66614 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Robert Dagosta </ recipientName >

< recipientCRDNumber > 1903105 </ recipientCRDNumber >

< associatedBDName > Berthel, Fisher and Company Financial Services, Inc. </ associatedBDName >

< associatedBDCRDNumber > 13609 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2821 Spring Haven Place </ street1 >

< city > Macungie </ city >

< stateOrCountry > PA </ stateOrCountry >

< stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >

< zipCode > 18062 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Timothy R. Pashley </ recipientName >

< recipientCRDNumber > 1869052 </ recipientCRDNumber >

< associatedBDName > J.P. Turner and Company, LLC </ associatedBDName >

< associatedBDCRDNumber > 43177 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4206 Maple Hill Drive </ street1 >

< city > Greenwood </ city >

< stateOrCountry > IN </ stateOrCountry >

< stateOrCountryDescription > INDIANA </ stateOrCountryDescription >

< zipCode > 46143 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > John R. Drabek </ recipientName >

< recipientCRDNumber > 1335813 </ recipientCRDNumber >

< associatedBDName > Calton and Associates, Inc. </ associatedBDName >

< associatedBDCRDNumber > 20999 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 14497 N. Dale Mabry Hwy, Suite 215 </ street1 >

< city > Tampa </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 33618 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > NV </ state >

< description > NEVADA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Bryan D. Myers </ recipientName >

< recipientCRDNumber > 2527480 </ recipientCRDNumber >

< associatedBDName > Chapin, Davis </ associatedBDName >

< associatedBDCRDNumber > 28116 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2 Village Square, Suite 200 </ street1 >

< city > Baltimore </ city >

< stateOrCountry > MD </ stateOrCountry >

< stateOrCountryDescription > MARYLAND </ stateOrCountryDescription >

< zipCode > 21210 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Jeffrey D. Barlow </ recipientName >

< recipientCRDNumber > 2389890 </ recipientCRDNumber >

< associatedBDName > J.P. Turner and Company, LLC </ associatedBDName >

< associatedBDCRDNumber > 43177 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 18952 Mac Arthur Blvd., Suite 460 </ street1 >

< city > Irvine </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92612 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Benedict M. Maloney </ recipientName >

< recipientCRDNumber > 816523 </ recipientCRDNumber >

< associatedBDName > J.P. Turner and Company, LLC </ associatedBDName >

< associatedBDCRDNumber > 43177 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3060 Peachtree Road NW, 11th Floor </ street1 >

< city > Atlanta </ city >

< stateOrCountry > GA </ stateOrCountry >

< stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >

< zipCode > 30305 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Michael L. Staines Jr. </ recipientName >

< recipientCRDNumber > 5303142 </ recipientCRDNumber >

< associatedBDName > Bethel, FIsher and Company Financial Services, Inc. </ associatedBDName >

< associatedBDCRDNumber > 13609 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5701 Lonetree Blvd., Suite 224 </ street1 >

< city > Rocklin </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 95765 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

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< description > ILLINOIS </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Jason B. Vanclef </ recipientName >

< recipientCRDNumber > 5096529 </ recipientCRDNumber >

< associatedBDName > VFG Securities, Inc. </ associatedBDName >

< associatedBDCRDNumber > 15121 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 21201 Victory Blvd., Suite 130 </ street1 >

< city > Canoga Park </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 91303 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Eric F. Hogarth </ recipientName >

< recipientCRDNumber > 4799191 </ recipientCRDNumber >

< associatedBDName > Silver Oak Securities, Incorporated </ associatedBDName >

< associatedBDCRDNumber > 46947 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 100 Great Meadows Road, Suite 502 </ street1 >

< city > Wethersfield </ city >

< stateOrCountry > CT </ stateOrCountry >

< stateOrCountryDescription > CONNECTICUT </ stateOrCountryDescription >

< zipCode > 06109 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Joel M. Johnson </ recipientName >

< recipientCRDNumber > 1941908 </ recipientCRDNumber >

< associatedBDName > Silver Oak Securities, Incorporated </ associatedBDName >

< associatedBDCRDNumber > 46947 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 100 Great Meadows Road, Suite 502 </ street1 >

< city > Wethersfield </ city >

< stateOrCountry > CT </ stateOrCountry >

< stateOrCountryDescription > CONNECTICUT </ stateOrCountryDescription >

< zipCode > 06109 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Deborah A. Williams </ recipientName >

< recipientCRDNumber > 2457533 </ recipientCRDNumber >

< associatedBDName > Chapin, Davis </ associatedBDName >

< associatedBDCRDNumber > 28116 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2 Village Square, Suite 200 </ street1 >

< city > Baltimore </ city >

< stateOrCountry > MD </ stateOrCountry >

< stateOrCountryDescription > MARYLAND </ stateOrCountryDescription >

< zipCode > 21210 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > DE </ state >

< description > DELAWARE </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Charles C. Shafe </ recipientName >

< recipientCRDNumber > 1277113 </ recipientCRDNumber >

< associatedBDName > Transam Securities, Inc. </ associatedBDName >

< associatedBDCRDNumber > 18923 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 531 Versailles Drive, Suite 201 </ street1 >

< city > Maitland </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 32751 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > FL </ state >

< description > FLORIDA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Neil E. Vonfeldt </ recipientName >

< recipientCRDNumber > 2451760 </ recipientCRDNumber >

< associatedBDName > MHA Financial Corp </ associatedBDName >

< associatedBDCRDNumber > 7462 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1703 PGA Blvd. </ street1 >

< city > Melbourne </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 32935 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > FL </ state >

< description > FLORIDA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > David L. Goodman </ recipientName >

< recipientCRDNumber > 1429972 </ recipientCRDNumber >

< associatedBDName > Transam Securities, Inc. </ associatedBDName >

< associatedBDCRDNumber > 18923 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1111 Douglas Avenue </ street1 >

< city > Altamonte Springs </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 32714 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > FL </ state >

< description > FLORIDA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Gregory L. Hutto </ recipientName >

< recipientCRDNumber > 2742911 </ recipientCRDNumber >

< associatedBDName > BFT Financial Group, LLC </ associatedBDName >

< associatedBDCRDNumber > 109121 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1109 Cheek Sparger Road, Suite 150 </ street1 >

< city > Colleyville </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 76034 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 20000000 </ totalOfferingAmount >

< totalAmountSold > 20000000 </ totalAmountSold >

< totalRemaining > 0 </ totalRemaining >

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 364 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 1500000 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

</ findersFees >

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 800000 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ grossProceedsUsed >

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > Cypress Income Fund 11, LLC </ issuerName >

< signatureName > /s/ Daniel Rael </ signatureName >

< nameOfSigner > Daniel Rael </ nameOfSigner >

< signatureTitle > Vice President of Manager of Issuer </ signatureTitle >

< signatureDate > 2012-02-27 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >