1157522--4/13/2007--ICON_INCOME_FUND_NINE

related topics

{investment, property, distribution}

{interest, director, officer}

{operation, natural, condition}

{loss, insurance, financial}

{operation, international, foreign}

{debt, indebtedness, cash}

{control, financial, internal}

{loan, real, estate}

{product, market, service}

{product, liability, claim}

Uncertainties associated with the equipment leasing business may affect our business, operating results and financial condition. Our Manager s decisions are subject to conflicts of interest with us. Because we borrowed, and may in the future borrow funds, to purchase equipment, losses as a result of lessee defaults may be greater than if debt were not incurred. Restrictions imposed by the terms of our indebtedness may limit our financial flexibility. The risks and uncertainties associated with the industries of our lessees may indirectly affect our business, operating results and financial condition. If the value of our equipment declines more rapidly than we anticipate, our financial performance may be adversely affected. If leased equipment is not properly maintained, its residual value may be less than expected. If a lessee defaults on its lease, we could incur losses. If a lessee files for bankruptcy, we may have difficulty enforcing the terms of the lease and may incur losses. We may invest in options that could become worthless if the option grantor files for bankruptcy. Leasing equipment in foreign countries may be riskier than domestic leasing and may result in losses. We could incur losses as a result of foreign currency fluctuations. Sellers of leased equipment could use their knowledge of the lease terms for gain at our expense. Investment in joint ventures may subject us to risks relating to our co-investors that could adversely impact the financial results of such joint ventures. We may not be able to obtain insurance for certain risks and would have to bear the cost of losses from non-insurable risks. We could suffer losses from failure to maintain equipment registration and from unexpected regulatory compliance costs. If a lease is determined to be a loan, it could be subject to usury laws, which could lower our lease revenue. Our Manager s officers and employees manage other businesses and do not devote their time exclusively to managing us and our business. Our internal controls over financial reporting may not be effective and our independent registered public accounting firm may not be able to certify as to their effectiveness, which could have a significant and adverse effect on our business. We compete with a variety of financing sources for our lessees, which may affect our ability to achieve our investment objectives.

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1157522--4/13/2007--ICON_INCOME_FUND_NINE_LLC