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Disclosures

Accredited Investors

this advertisement is not an offer; Accredited INVESTORS ONLY; INVESTMENT Involves RISK The opportunity described is not an offer to buy or sell securities. Offers to invest may only be made through official offering documents, which include details on investment risks. This opportunity is for accredited investors as defined under Regulation D of the Securities Act of 1933. Investments carry substantial risks, and there is currently no secondary trading market for the securities nor will a trading market develop in the future.  Liquidity options are available but may be limited and are not guaranteed. Consult your legal and financial advisors before investing.

Liquidity Feature

An Investor may request to redeem investments prior to the Maturity Date with written notice to the Company or a request for early withdrawal through the Yrefy Investor Portal (“Early Withdrawal”).  The Company may approve, decline, or delay the Early Withdrawal request until such time it determines in its sole discretion and may have an early redemption penalty.  See Private Placement Memorandum for a complete explanation. 

Issuer Paid Advertisement

Yrefy, LLC, Yrefy SLP4, LLC, or the “Company,” has or will pay Larry Elder in cash a $15,000 talent fee monthly for marketing services, including communicating to the public about the Company through Nationwide TV, Radio, internet advertisements, and public appearances.  This advertisement is part of those issuer-paid marketing services.  Larry Elder contract with the Company, which became effective on [Insert date], automatically renews for successive one-month periods unless terminated by written notice of either party before the end of the previous term.

Endorser Investment Disclosure

As of this advertisement, Larry Elder holds securities of Yrefy, LLC.  Marketing efforts may raise awareness and attract investors, but outcomes are not guaranteed and may change after the marketing ends.  This testimonial is based on Larry Elder experience and does not guarantee future results or represent other investors’ experiences.

1.  Yrefy follows the SEC Definition of an Accredited Investor under Regulation D of the Securities Act of 1933.  A full explanation can be found at https://www.sec.gov/resources-small-businesses/capital-raising-building-blocks/accredited-investors

2.  An Investor may elect to invest all or a portion of their investment (the “Initial Principal Investment Amount”) in the following class(es) of Notes (each a “Class”) for the investment durations listed below (each, a “Term”) with the corresponding interest rate (“Interest Rate”) as follows:

a)      Class 1: 12-month term and a fixed annual interest rate of 6.50% per annum.

b)      Class 2: 24-month term and a fixed annual interest rate of 7.00% per annum.

c)      Class 3: 36-month term and a fixed annual interest rate of 7.75% per annum.

d)      Class 4: 48-month term and a fixed annual interest rate of 8.50% per annum.

e)      Class 5: 60-month term and a fixed annual interest rate of 10.25% per annum.

Each option above (Classes 1, 2, 3, 4, and 5) represents a distinct Term for which the Investor’s Initial Principal Investment Amount and Interest (“Interest”) will remain outstanding until maturity of the Note, with such Terms ranging from 12 months to 60 months and such Interest Rates ranging from 6.5% per annum to 10.25% per annum.  An Investor may select one or more Classes to invest in.

3. Take Income; Accrue Interest

The Investor will indicate the Initial Principal Investment Amount invested, the Class(es) it has elected to invest in, and the percentage of income and/or Interest it has elected to accrue on the signature pages of the Offering Memorandum.  The income or accrual elections are initial elections for account set-up purposes only and can be changed as often as monthly in the Yrefy Investor Portal (the “Yrefy Investor Portal”).  All changes or actions taken by the Investor through the Yrefy Investor Portal are binding and will take effect immediately after being submitted.

4. Liquidity or Early Withdrawal by Investor

An Investor may request to redeem investments prior to the Maturity Date with written notice to the Company or a request for early withdrawal through the Yrefy Investor Portal (“Early Withdrawal”).  The Company may approve, decline, or delay the Early Withdrawal request until such time it determines in its sole discretion.  Once an Early Withdrawal has been approved, within ten (10) business days of the Company’s notice of approval to the Investor, the Company will return the Initial Principal Investment Amount and Interest owed minus any redemption penalties.

The redemption penalty for Early Withdrawal is a pro-rated loss of Interest, paid or accrued, through the redemption date (the “Early Withdrawal Date”).  The penalty calculation will equal a percentage of the actual time invested divided by the duration of the elected Class(es).

For example, if an Investor were to invest in the one-year term Note and requests Early Withdrawal at six months, or 50% of the duration of the elected Class, the Investor would vest in 50% of the Interest, paid or accrued up to, but not exceeding, the Early Withdrawal Date.  If the Investor were to stay in for 80% of the agreed-upon term, then 80% of the Interest, paid or accrued, will be vested.

By way of example, the following is a hypothetical calculation: An Investor invests $100,000 in the one-year term at 6.5%, and the Investor elects to receive Interest income monthly.  At six months or 50% of the term, the Investor requests an Early Withdrawal.  During the initial six months of the Note term, the Investor was paid approximately $3,250 in Interest (because Interest is calculated daily, this number must be approximate for the example), and the Investor would vest in $1,625 of the Interest paid.  To prevent an Investor from sending the unvested amount of $1,625 back to the Company prior to the Early Withdrawal, a calculation and statement will be provided to the Investor showing the following:

$100,000 Initial Principal Investment Amount;

$3,250 Interest paid to Investor;

($1,625) Early Withdrawal penalty;

$98,375 returned to Investor.

If an Investor elects to Roll Forward on the Maturity Date, Interest rolled is considered “Earned” or “Ensconced” and is then added to the Initial Principal Investment Amount for the new term. An Early Withdrawal after a Roll Forward would be calculated based on the amount of actual time invested divided by the remaining duration of the Roll Forward investment term.

For example, if the Investor elects to Roll Forward at maturity from the one-year Note to the two-year Note, the Investor would be invested for one additional year at the two-year Interest Rate.  On the Maturity Date of the one-year Note term, Interest paid or accrued in the first year is now “earned” or “ensconced.” The amount of accrued and unpaid Interest an Investor elects to Roll Forward into the two-year Note is added to the Initial Principal Investment Amount of such investment.  The Investor now has one year remaining in the investment term.

If an Early Withdrawal were requested after six months, or 50% through the remainder of the additional term, the Investor would be vested in 50% of the Interest earned in the two-year Note.

Early Withdrawal Protective Provisions

Early Withdrawal requests will be processed on a first-come-first-serve basis.  If Early Withdrawal requests exceed the ability to process by the Company, put the portfolio or the Company at risk, or otherwise create a burden on the Company, the Company, in its sole discretion, can delay the Early Withdrawal until the burden is resolved, or otherwise decline the request.  If an Early Withdrawal request is granted but delayed due to such burden, Interest will continue to be paid or accrue until the Early Withdrawal Date.

5. The Company’s core business is assisting eligible Borrowers with distressed or defaulted private student loans through our refinancing services.  Our investment objective for the Investors is to create value using the proceeds of this Offering to settle, pay off, and refinance private student loans and to hold custody of the resulting loan(s) in a portfolio for the benefit of the Investors.

The Managers reserve the right to alter or modify the  Company's business strategies in light of available opportunities or to take advantage of changing market conditions when the Managers conclude that alterations or modifications are consistent with the Company’s objectives.

All investments risk the loss of capital.  No guarantee or representation is made that the Company will achieve its business objective or that Investors will not suffer loss.  An investment in the Notes involves certain risks and conflicts of interest, which Prospective Investors should consider before subscribing.