Select Policy Group Disclaimer

SALES OF THE SPG PARTICIPATION INTERESTS DESCRIBED HEREIN WILL ONLY BE MADE TO QUALIFIED CALIFORNIA RESIDENTS

This Select Policy Group Executive Summary is meant for general informational and educational purposes only and does not constitute, and is not intended as, any form of investment advice or a recommendation or suggestion to buy or an offer to sell or a solicitation to buy any security.  This Executive Summary is confidential and not available to the public.  This Executive Summary should be read in conjunction with, and is qualified in its entirety by, the more detailed information contained in the confidential Information Memorandum, including but not limited to the detailed Risk Factors Disclosures (the “Materials”) for the Participation Interests, a product of [Resolute Capital Management] LLC, a California limited liability company, d/b/a SPG, confidential copies of which Materials are available to pre-screened qualified California investors upon written request.  The description and terms of the Participation Interests contained in the Materials control and represent the exclusive statement and description of the terms relating to the Participation Interests.  An investment in the Participation Interests is speculative and involves a high degree of risk.

Information contained in this Executive Summary related to the investment return or performance of the Participation Interests or other funds or investment vehicles may not be relied upon as representative or indicative of the level, nature or similarity to the prospective returns that the Participation Interests or any other investment may achieve.  No reliance may be placed for any purpose on the information contained in this Executive Summary or its accuracy or completeness.

Major risks involved with an investment in the Participation Interests include, but are by no means limited to (i) underestimating the life expectancy of an insured under a life insurance policy such that if more premiums are required than projected at the time of the purchase of the Participation Interests, that would lower the returns an investor might hope to achieve with respect to that Participation Interests; (ii) potential challenges by life insurance companies and more traditional family beneficiaries that they are entitled to the death benefits payable under a particular life insurance policy and/or that the original or subsequent owner of that particular life insurance policy does not have an insurable interest in the life of the insured under such life insurance policy; (iii) challenges by the life insurance company, particularly with respect to a life insurance policy that is still within the initial two-year contestability period, that the insured/owner filed a false and misleading life insurance policy application or failed to disclose that the insured financed the premiums payable with respect to that life insurance policy or that the insured intended to transfer the policy; and (iv) the financial strength of the issuing life insurance company.  Please review carefully the Materials, including especially the Risk Factors Disclosures.