<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001692951</cik>
        <entityName>Cottonwood Communities, Inc.</entityName>
        <issuerAddress>
            <street1>3257 S. RICHMOND ST.</street1>
            <street2>SUITE 106B</street2>
            <city>MILLCREEK</city>
            <stateOrCountry>UT</stateOrCountry>
            <stateOrCountryDescription>UTAH</stateOrCountryDescription>
            <zipCode>84106</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>801-278-0700</issuerPhoneNumber>
        <jurisdictionOfInc>MARYLAND</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gregg</firstName>
                <lastName>Christensen</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Legal Officer and Secretary</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Daniel</firstName>
                <lastName>Shaeffer</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Executive Officer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Chad</firstName>
                <lastName>Christensen</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Chairman of the Board</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Enzio</firstName>
                <lastName>Cassinis</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>President</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Adam</firstName>
                <lastName>Larson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Financial Officer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Glenn</firstName>
                <lastName>Rand</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Operating Officer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Susan</firstName>
                <lastName>Hallenberg</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Accounting Officer and Treasurer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stan</firstName>
                <lastName>Hanks</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Development Officer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Eric</firstName>
                <lastName>Marlin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Vice President, Capital Markets</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <lastName>Fredenberg</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Investment Officer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jonathan</firstName>
                <lastName>Gardner</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <lastName>Lunt</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Philip</firstName>
                <lastName>White</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1245 BRICKYARD RD., SUITE 250</street1>
                <city>SALT LAKE CITY</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Residential</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
            <item>3C</item>
            <item>3C.5</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001692951-25-000226</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2023-11-13</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>25000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Arkadios Capital</recipientName>
                <recipientCRDNumber>282710</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2827 Peachtree Rd NE</street1>
                    <street2>Suite 510</street2>
                    <city>Atlanta</city>
                    <stateOrCountry>GA</stateOrCountry>
                    <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                    <zipCode>30305</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Berthel, Fisher &amp; Company Financial Services, Inc.</recipientName>
                <recipientCRDNumber>13609</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4201 42nd Street NE</street1>
                    <street2>Suite 100</street2>
                    <city>Cedar Rapids</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <stateOrCountryDescription>IOWA</stateOrCountryDescription>
                    <zipCode>52402</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>HI</state>
                    <description>HAWAII</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>ME</state>
                    <description>MAINE</description>
                    <state>ID</state>
                    <description>IDAHO</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>AK</state>
                    <description>ALASKA</description>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>AR</state>
                    <description>ARKANSAS</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                    <state>NE</state>
                    <description>NEBRASKA</description>
                    <state>RI</state>
                    <description>RHODE ISLAND</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>VT</state>
                    <description>VERMONT</description>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>WV</state>
                    <description>WEST VIRGINIA</description>
                    <state>WY</state>
                    <description>WYOMING</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Cambridge Investment Research Inc</recipientName>
                <recipientCRDNumber>39543</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1776 Pleasant Plain Rd</street1>
                    <city>Fairfield</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <stateOrCountryDescription>IOWA</stateOrCountryDescription>
                    <zipCode>52556-8757</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Centaurus Financial, Inc</recipientName>
                <recipientCRDNumber>30833</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2300 E. Katella Avenue</street1>
                    <street2>Suite No. 200</street2>
                    <city>Anaheim</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92806</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Concorde Investment Services, LLC</recipientName>
                <recipientCRDNumber>151604</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3909 Research Park Drive</street1>
                    <street2>Suite 200</street2>
                    <city>Ann Arbor</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <stateOrCountryDescription>MICHIGAN</stateOrCountryDescription>
                    <zipCode>48108</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>HI</state>
                    <description>HAWAII</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>ME</state>
                    <description>MAINE</description>
                    <state>ID</state>
                    <description>IDAHO</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>AK</state>
                    <description>ALASKA</description>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>AR</state>
                    <description>ARKANSAS</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                    <state>NE</state>
                    <description>NEBRASKA</description>
                    <state>RI</state>
                    <description>RHODE ISLAND</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>VT</state>
                    <description>VERMONT</description>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>WV</state>
                    <description>WEST VIRGINIA</description>
                    <state>WY</state>
                    <description>WYOMING</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Charles Roy Bigbie III</recipientName>
                <recipientCRDNumber>1158301</recipientCRDNumber>
                <associatedBDName>Geneos Wealth Management, Inc.</associatedBDName>
                <associatedBDCRDNumber>120894</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>7233 S 85th E Avenue</street1>
                    <street2>Suite No. 400</street2>
                    <city>Tulsa</city>
                    <stateOrCountry>OK</stateOrCountry>
                    <stateOrCountryDescription>OKLAHOMA</stateOrCountryDescription>
                    <zipCode>74133</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>AR</state>
                    <description>ARKANSAS</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Independent Financial Group, LLC</recipientName>
                <recipientCRDNumber>7717</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12671 High Bluff Drive</street1>
                    <street2>Suite 200</street2>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92130</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Madison Avenue Securities, LLC</recipientName>
                <recipientCRDNumber>23224</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>13500 Evening Creek Dr N</street1>
                    <street2>No. 555</street2>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92128</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Nationwide Planning Associates Inc.</recipientName>
                <recipientCRDNumber>31029</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
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