The Fair Fund is a distribution fund created by the United States District Court for the Northern District of Texas in the civil action filed by the Securities and Exchange Commission (the “SEC”), SEC v. United Development Funding III, LP. et al., 3:18-CV-01735-L (N.D. TX). The Fair Fund holds over $8.3 million. You can find more information on the civil action in other places on this website, and on the SEC’s public website at: https://www.sec.gov/divisions/enforce/claims/united-development-funding.htm