Form D Raw Data - Electronic Filing Depository

EFDID: 153644EFD: Raw Data

Issuer: Terra Secured Income Fund 5, LLC (0001581874) - D/A

Accession: 0001581874-16-000005 () (EDGAR Files) (Form D)

Edgar Posted: Feb. 3, 2016
EFD Posted: Feb. 3, 2016

- < edgarSubmission >

< schemaVersion > X0707 </ schemaVersion >

< submissionType > D/A </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001581874 </ cik >

< entityName > Terra Secured Income Fund 5, LLC </ entityName >

- < issuerAddress >

< street1 > 805 THIRD AVENUE </ street1 >

< street2 > 8TH FLOOR </ street2 >

< city > NEW YORK </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10022 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > 212-753-5100 </ issuerPhoneNumber >

< jurisdictionOfInc > DELAWARE </ jurisdictionOfInc >

- < issuerPreviousNameList >

< value > None </ value >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< value > None </ value >

</ edgarPreviousNameList >

< entityType > Limited Liability Company </ entityType >

- < yearOfInc >

< withinFiveYears > true </ withinFiveYears >

< value > 2013 </ value >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Simon </ firstName >

< middleName > J. </ middleName >

< lastName > Milde </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 805 Third Avenue </ street1 >

< street2 > 8th Floor </ street2 >

< city > New York </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10022 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chairman </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Bruce </ firstName >

< middleName > D. </ middleName >

< lastName > Batkin </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 805 Third Avenue </ street1 >

< street2 > 8th Floor </ street2 >

< city > New York </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10022 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Executive Officer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Stephen </ firstName >

< middleName > H. </ middleName >

< lastName > Hamrick </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 805 Third Avenue </ street1 >

< street2 > 8th Floor </ street2 >

< city > New York </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10022 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > President </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Gregory </ firstName >

< middleName > M. </ middleName >

< lastName > Pinkus </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 805 Third Avenue </ street1 >

< street2 > 8th Floor </ street2 >

< city > New York </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10022 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Financial Officer and Chief Operations Officer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Daniel </ firstName >

< middleName > J </ middleName >

< lastName > Cooperman </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 805 Third Avenue </ street1 >

< street2 > 8th Floor </ street2 >

< city > New York </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10022 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Originations Officer </ relationshipClarification >

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Other Real Estate </ industryGroupType >

</ industryGroup >

- < issuerSize >

< revenueRange > Decline to Disclose </ revenueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06b </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > true </ isAmendment >

< previousAccessionNumber > 0001581874-15-000002 </ previousAccessionNumber >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2016-01-01 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > false </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isEquityType > true </ isEquityType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > true </ isBusinessCombinationTransaction >

< clarificationOfResponse > Merger of Terra Fund 1, LLC (CIK: 0001468889), Terra Fund 2, LLC (CIK: 0001521512), Terra Fund 3, LLC (CIK: 0001541160), and Terra Fund 4, LLC (CIK: 0001559121) into subsidiary funds of Terra Fund 5, LLC. </ clarificationOfResponse >

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 0 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > Terra Capital Markets, LLC </ recipientName >

< recipientCRDNumber > 123762 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 805 Third Avenue </ street1 >

< street2 > 8th Floor </ street2 >

< city > New York </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10022 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Lifemark Securities Corp. </ recipientName >

< recipientCRDNumber > 16204 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 400 West Metro Park </ street1 >

< city > Rochester </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 14623 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > ME </ state >

< description > MAINE </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

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

< recipientCRDNumber > 42360 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 8035 Oswego Road </ street1 >

< city > Liverpool </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 13090 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > VT </ state >

< description > VERMONT </ description >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > EDI Financial, Inc. </ recipientName >

< recipientCRDNumber > 15699 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1431 Greenway Drive </ street1 >

< street2 > Suite 330 </ street2 >

< city > Irving </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75038 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > World Equity Group, Inc. </ recipientName >

< recipientCRDNumber > 29087 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1650 N. Arlington Heights Rd </ street1 >

< street2 > Suite 100 </ street2 >

< city > Arlington Heights </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60004-3984 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > true </ foreignSolicitation >

</ recipient >

- < recipient >

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

< recipientCRDNumber > 18923 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1111 Douglas Avenue </ street1 >

< city > Altamonte Springs </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 32714 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

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

< recipientCRDNumber > 46947 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3339 N. Highland Ave </ street1 >

< city > Jackson </ city >

< stateOrCountry > TN </ stateOrCountry >

< stateOrCountryDescription > TENNESSEE </ stateOrCountryDescription >

< zipCode > 38305 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > ME </ state >

< description > MAINE </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Madison Avenue Securities, LLC </ recipientName >

< recipientCRDNumber > 23224 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 15050 Avenue of Science </ street1 >

< street2 > Suite 150 </ street2 >

< city > San Diego </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92128 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > true </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Financial Goal Securities, Inc. </ recipientName >

< recipientCRDNumber > 19066 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 35-900 Bob Hope Drive </ street1 >

< street2 > Suite 202 </ street2 >

< city > Rancho Mirage </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92270 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Center Street Securities, Inc. </ recipientName >

< recipientCRDNumber > 26898 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2740 Old Elm Hill Pike </ street1 >

< street2 > Suite 201 </ street2 >

< city > Nashville </ city >

< stateOrCountry > TN </ stateOrCountry >

< stateOrCountryDescription > TENNESSEE </ stateOrCountryDescription >

< zipCode > 37214 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > ME </ state >

< description > MAINE </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > PR </ state >

< description > PUERTO RICO </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Bank Fund Equities, Inc. </ recipientName >

< recipientCRDNumber > 24999 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 955 W. Main Street </ street1 >

< city > Abingdon </ city >

< stateOrCountry > VA </ stateOrCountry >

< stateOrCountryDescription > VIRGINIA </ stateOrCountryDescription >

< zipCode > 24210 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Ausdal Financial Partners, Inc. </ recipientName >

< recipientCRDNumber > 7995 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5187 Utica Ridge Rd </ street1 >

< city > Davenport </ city >

< stateOrCountry > IA </ stateOrCountry >

< stateOrCountryDescription > IOWA </ stateOrCountryDescription >

< zipCode > 52807 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Arque Capital, Ltd. </ recipientName >

< recipientCRDNumber > 121192 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 7501 E McCormick Pkwy </ street1 >

< street2 > Ste 111N </ street2 >

< city > Scottsdale </ city >

< stateOrCountry > AZ </ stateOrCountry >

< stateOrCountryDescription > ARIZONA </ stateOrCountryDescription >

< zipCode > 85258 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Sandlapper Securities, LLC </ recipientName >

< recipientCRDNumber > 137906 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 800 E. North Street </ street1 >

< street2 > 2nd Floor </ street2 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > ME </ state >

< description > MAINE </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > National Securities Corporation </ recipientName >

< recipientCRDNumber > 7569 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1001 Fourth Avenue </ street1 >

< street2 > Suite 3750 </ street2 >

< city > Seattle </ city >

< stateOrCountry > WA </ stateOrCountry >

< stateOrCountryDescription > WASHINGTON </ stateOrCountryDescription >

< zipCode > 98154-1100 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > true </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Lowell & Company, Inc. </ recipientName >

< recipientCRDNumber > 24913 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4021 84th St </ street1 >

< street2 > Suite 100 </ street2 >

< city > Lubbock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 79423 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Kovack Securities, Inc. </ recipientName >

< recipientCRDNumber > 44848 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 6451 N. Federal Hwy </ street1 >

< street2 > Suite 1201 </ street2 >

< city > Ft. Lauderdale </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 33308 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > true </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Sunbelt Securities, Inc. </ recipientName >

< recipientCRDNumber > 42180 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5065 Westheimer </ street1 >

< street2 > Suite 600 </ street2 >

< city > Houston </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 77056 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > HI </ state >

< description > HAWAII </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > IMS Securities, Inc. </ recipientName >

< recipientCRDNumber > 35567 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 10205 Westheimer </ street1 >

< street2 > Suite 500 </ street2 >

< city > Houston </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 77042 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > American Capital Partners, LLC </ recipientName >

< recipientCRDNumber > 119249 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 205 Oser Ave. </ street1 >

< city > Hauppauge </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 11788 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Arete Wealth Management, LLC </ recipientName >

< recipientCRDNumber > 44856 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1101 W Lake Street </ street1 >

< street2 > 1st Floor </ street2 >

< city > Chicago </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60607 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > ME </ state >

< description > MAINE </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > WFG Investments, Inc. </ recipientName >

< recipientCRDNumber > 22704 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2711 N Haskell Ave. </ street1 >

< street2 > Suite 2900 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75204 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Discount Brokerage, Inc. </ recipientName >

< recipientCRDNumber > 39164 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 8927 Hypoluxo Road </ street1 >

< street2 > Suite A5 </ street2 >

< city > Lake Worth </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 33467 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Source Capital Group, Inc. </ recipientName >

< recipientCRDNumber > 36719 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 276 Post Road West </ street1 >

< city > Westport </ city >

< stateOrCountry > CT </ stateOrCountry >

< stateOrCountryDescription > CONNECTICUT </ stateOrCountryDescription >

< zipCode > 06880 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Advisory Group Equity Services, Ltd. </ recipientName >

< recipientCRDNumber > 15427 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 444 Washington Street </ street1 >

< street2 > Suite 407 </ street2 >

< city > Woburn </ city >

< stateOrCountry > MA </ stateOrCountry >

< stateOrCountryDescription > MASSACHUSETTS </ stateOrCountryDescription >

< zipCode > 01801 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > VT </ state >

< description > VERMONT </ description >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > ME </ state >

< description > MAINE </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > AK </ state >

< description > ALASKA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Crown Capital Securities, L.P. </ recipientName >

< recipientCRDNumber > 6312 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 725 Town & Country Road </ street1 >

< street2 > Suite 530 </ street2 >

< city > Orange </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92868 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > ME </ state >

< description > MAINE </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Financial West Group </ recipientName >

< recipientCRDNumber > 16668 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4510 E. Thousand Oaks Blvd. </ street1 >

< city > Westlake Village </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 91362 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > ME </ state >

< description > MAINE </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > true </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Newbridge Securities Corporation </ recipientName >

< recipientCRDNumber > 104065 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5200 Town Center Circle </ street1 >

< street2 > Tower 1, Suite 306 </ street2 >

< city > Boca Raton </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 33486 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > RI </ state >

< description > RHODE ISLAND </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > DE </ state >

< description > DELAWARE </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > PR </ state >

< description > PUERTO RICO </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > AK </ state >

< description > ALASKA </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > true </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > IDB Capital Corp. </ recipientName >

< recipientCRDNumber > 106032 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 511 Fifth Avenue </ street1 >

< street2 > 4th Floor </ street2 >

< city > New York </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10017 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Worden Capital Management LLC </ recipientName >

< recipientCRDNumber > 148366 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 100 Ring Road West </ street1 >

< street2 > Suite 210 </ street2 >

< city > Garden City </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 11530 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > VT </ state >

< description > VERMONT </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > TN </ state >

< description > TENNESSEE </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > OK </ state >

< description > OKLAHOMA </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

< state > MI </ state >

< description > MICHIGAN </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > WY </ state >

< description > WYOMING </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > IA </ state >

< description > IOWA </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > SD </ state >

< description > SOUTH DAKOTA </ description >

< state > SC </ state >

< description > SOUTH CAROLINA </ description >

< state > AR </ state >

< description > ARKANSAS </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > KY </ state >

< description > KENTUCKY </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > KS </ state >

< description > KANSAS </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > MT </ state >

< description > MONTANA </ description >

< state > MS </ state >

< description > MISSISSIPPI </ description >

< state > LA </ state >

< description > LOUISIANA </ description >

< state > NH </ state >

< description > NEW HAMPSHIRE </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NM </ state >

< description > NEW MEXICO </ description >

< state > AK </ state >

< description > ALASKA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > AL </ state >

< description > ALABAMA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 162754730 </ totalOfferingAmount >

< totalAmountSold > 0 </ totalAmountSold >

< totalRemaining > 162754730 </ totalRemaining >

< clarificationOfResponse > The Total Offering Amount represents the estimated exchange value of Terra Secured Income Fund, LLC through Terra Secured Income Fund 4, LLC and is subject to change. </ clarificationOfResponse >

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 0 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 6714052 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

</ findersFees >

< clarificationOfResponse > Assumes the successful solicitation of 100% of the Units. </ clarificationOfResponse >

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 0 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ grossProceedsUsed >

< clarificationOfResponse />

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > Terra Secured Income Fund 5, LLC </ issuerName >

< signatureName > /s/ Gregory M. Pinkus </ signatureName >

< nameOfSigner > Gregory M. Pinkus </ nameOfSigner >

< signatureTitle > Chief Financial Officer and Chief Operating Officer </ signatureTitle >

< signatureDate > 2016-02-03 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >