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I. OFFERING SUMMARY The following summary is intended to set forth certain pertinent facts and highlights from the materials contained in this Private Placement Memorandum. This summary is qualified in its entirety by the more detailed information appearing elsewhere in this Private Placement Memorandum, the exhibits attached hereto and agreements and the documents described herein. All such agreements and documents are available to prospective investors and/or their advisors upon request. This Private Placement Memorandum describes an offering (the “Offering”) of units (“Units”) of membership interests (the “Membership Interests”) in SAMPLE COMPANY, a Delaware limited liability company (the “Company”). The purpose of the Company is to lease, develop, operate and manage a full-service health and facility in Silicon Valley, Delaware under the licensed name “SAMPLE COMPANY”. The Offering: This Offering provides for the sale of a minimum of 10 Units, for an aggregate offering amount of $250,000 (the “Minimum Amount”), and a maximum of 25 Units, for an aggregate offering amount of $1,000,000 (the “Maximum Amount”).The initial offering period for the sale of Units will end on the earlier to occur of (i) the acceptance by the Company of subscriptions representing the Minimum Amount or (ii) May 15, 2009, subject to the option of the Company to extend the initial offering period in its sole and absolute discretion (the “Initial Offering Termination Date”). Any remaining unsold Units will be offered as part of a continuing offering until the earlier to occur of (i) the six-month anniversary of the Initial Offering Termination Date or (ii) the acceptance by the Company of subscriptions representing the Maximum Amount. Upon the initial closing and each subsequent closing, the accepted subscribers will be admitted to the Company as members (the “Investor Members”). Upon receipt, all subscription proceeds will be forwarded by the Managing Member to a segregated account at the Company’s banking institution, pending the receipt and acceptance by the Company of the Minimum Amount. If the Minimum Amount is not sold by the Initial Offering Termination Date, the Offering will be terminated, no investor subscriptions will be accepted and all received subscription amounts will be promptly returned. Subscriptions may not be withdrawn by investors. The Managing Member reserves the right to reject subscriptions in whole or in part in its sole and absolute discretion.
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