Common use of Accredited Status Clause in Contracts

Accredited Status. The undersigned represents and warrants as follows: (CHECK IF APPLICABLE): (a) The undersigned is an individual with a net worth, or a joint net worth together with his or her spouse, in excess of $1,000,000. (In calculating net worth, you may include equity in personal property and real estate, including your principal residence, cash, short-term investments, stock and securities. Equity in personal property and real estate should be based on the fair market value of such property minus debt secured by such property.) (b) The undersigned is an individual with income in excess of $200,000 in each of the prior two years and reasonably expects an income in excess of $200,000 in the current year. (c) The undersigned is an individual who, with his or her spouse, had joint income in excess of $300,000 in each of the prior two years and reasonably expects joint income in excess of $300,000 in the current year. _______ (d) The undersigned is a director or executive officer of United Shipping & Technology, Inc.

Accredited Status. The undersigned represents and warrants as follows: follows (CHECK IF APPLICABLE): (a) _______ A. The undersigned is an individual with a net worth, or a joint net worth together with his or her its spouse, in excess of $1,000,000. (In calculating net worth, you may include equity in personal property and real estate, including your principal residence, cash, short-term investments, stock and securities. Equity in personal property and real estate should be based on the fair market value of such property minus debt secured by such property.) (b) _______ B. The undersigned is an individual with income in excess of $200,000 in each of the prior two years and reasonably expects an income in excess of $200,000 in the current year. (c) _______ C. The undersigned is an individual who, with his or her its spouse, had joint income in excess of $300,000 in each of the prior two years and reasonably expects joint income in excess of $300,000 in the current year. . _______ (d) D. The undersigned is a director or executive officer of United Shipping Granite City Food & Technology, Inc.Brewery Ltd.

Accredited Status. The undersigned represents and warrants as follows: (CHECK IF APPLICABLE): (a) The undersigned is an individual with a net worth, or a joint net worth together with his or her spouse, in excess of $1,000,000. (In calculating net worth, you may include equity in personal property and real estate, including your principal residence, cash, short-term investments, stock and securities. Equity in personal property and real estate should be based on the fair market value of such property minus debt secured by such property.) (b) The undersigned is an individual with income in excess of $200,000 in each of the prior two years and reasonably expects an income in excess of $200,000 in the current year. (c) The undersigned is an individual who, with his or her spouse, had joint income in excess of $300,000 in each of the prior two years and reasonably expects joint income in excess of $300,000 in the current year. _______ . (d) The undersigned is a director or executive officer of United Shipping & Technology, Inc.