Page 20 - TCP, LLC - Sustainable Island Prosperity Fund

MINIMUM OFFERING PROCEEDS; ESCROW OF SUBSCRIPTION FUNDS
• The Company has set a minimum offering proceeds figure of $5,000,000 (the minimum offering proceeds”) for this Offering. The Company has set a minimum offering amount of 5,000 Units with gross proceeds of $5,000,000 for this Offering. All proceeds from the sale of Units up to $5,000,000 will be deposited in a non-interest-bearing escrow account managed by JP Morgan Chase Bank. Upon sale of $5,000,000 of Units, all proceeds will be delivered directly to the Company’s corporate operating account and be available for use by the Company at its discretion.
• Should the Offering be terminated prior to reaching the minimum offering amount, then all funds held in the account will be immediately returned to each respective investor, without interest, and the subscription agreement between the Fund and the subscribing investor terminated.
The Caribbean Project, L.L.C.’s - Sustainable Island Prosperity Fund