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Certain capitalized terms are described in the Glossary at the end of this FAQ. The FAQs is a summary based on legally binding documents, namely The LAO, LLC Subscription Agreement and Operating Agreement. If there is any discrepancy between the information provided herein and the Agreements, the terms of the agreement take precedence. Members should consult his or her own tax, financial, and legal advisors prior to making any investment in The LAO. Nothing in these FAQs shall be considered to be tax, financial, or legal advice. For questions, please reach out to members@thelao.io.