Common use of Financial Background Clause in Contracts

Financial Background. Please respond to the following questions, supplying as much detail as possible in order to make your answers complete. 2.1 Indicate by check xxxx which of the following categories best describes the extent of your prior experience in the areas of investment listed below: ☐ ☐ ☐ Marketable Securities ☐ ☐ ☐ Securities for which no public market exists 2.2 For those investments for which you indicated “Substantial Experience” or “Some Experience” in question 2.1 above, please answer the following additional question: How often do you make your own investment decisions with respect to such investments? 2.3 Do you have adequate means of providing for your current needs and personal contingencies and have no need for liquidity in such investments? ☐ Yes ☐ No 2.4 Please indicate whether you are borrowing the money to be used to purchase securities in the Offering? ☐ Yes ☐ No I hereby represent and warrant that: (a) my net income before taxes was more than C$200,000 in each of the 2 most recent calendar years, and I expect it to be more than C$200,000 in the current calendar year; (b) my net income before taxes combined with my spouse’s was more than C$300,000 in each of the 2 most recent calendar years, and I expect that our combined net income before taxes to be more than C$300,000 in the current calendar year; (c) either alone or with my spouse, I own more than C$1,000,000 in cash and securities, after subtracting any debt related to the cash and securities; or (d) either alone or with my spouse, I have net assets worth more than C$5,000,000. My commitment to investments which are not readily marketable is reasonable in relation to my net worth. I meet at least one of the criteria for an “accredited investor” under National Instrument 45-106. The foregoing representations and warranties and all other information which I have provided to the Corporation concerning myself and my financial condition are true and accurate as of the date hereof. If in any respect, such representations, warranties, or information shall not be true and accurate, I will give written notice of such fact to the Corporation specifying which representations, warranties or information are not true and accurate, and the reasons therefor. I understand that the information contained herein is being furnished by me in order for the Corporation to determine my suitability as an accredited investor, may be accepted by the Corporation in light of the requirements of National Instrument 45-106 and that the Corporation will rely on the information contained herein for purposes of such determination. Dated: _____________________, 2018 Signed: Witness Print the name of Subscriber Print Name of Witness Capitalized terms used in this Schedule B and defined in the Agreement to which this Schedule B is attached have the meaning defined in the Agreement unless otherwise defined herein. The undersigned or, if applicable, the Disclosed Purchaser through the undersigned acting as its agent, understands that the Corporation and its counsel are relying upon this information in determining to sell securities to the undersigned or, if applicable, the Disclosed Purchaser, in a manner exempt from the prospectus and registration requirements of applicable securities laws. In connection with the purchase by the Subscriber of the Purchased Shares of the Corporation, the Subscriber or, if applicable, the Disclosed Purchaser through the Subscriber acting as its agent, hereby represents, warrants, covenants and certifies to the Corporation that:

Appears in 1 contract

Samples: Subscription Agreement (Anglogold Ashanti LTD)

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Financial Background. Please respond to the following questions, supplying as much detail as possible in order to make your answers complete. 2.1 Indicate by check xxxx which of the following categories best describes the extent of your prior experience in the areas of investment listed below: ☐ ☐ ☐ Marketable Securities ☐ ☐ ☐ Securities for which no public market exists 2.2 For those investments for which you indicated “Substantial Experience” or “Some Experience” in question 2.1 above, please answer the following additional question: How often do you make your own investment decisions with respect to such investments? 2.3 Do you have adequate means of providing for your current needs and personal contingencies and have no need for liquidity in such investments? ☐ Yes ☐ No 2.4 Please indicate whether you are borrowing the money to be used to purchase securities in the Offering? ☐ Yes ☐ No I hereby represent and warrant that: : (a) my net income before taxes was more than C$200,000 in each of the 2 most recent calendar years, and I expect it to be more than C$200,000 in the current calendar year; ; (b) my net income before taxes combined with my spouse’s was more than C$300,000 in each of the 2 most recent calendar years, and I 1 expect that our combined net income before taxes to be more than C$300,000 in the current calendar year; ; (c) either alone or with my spouse, I own more than C$1,000,000 in cash and securities, after subtracting any debt related to the cash and securities; or (d) either alone or with my spouse, I have net assets worth more than C$5,000,000. My commitment to investments which are not readily marketable is reasonable in relation to my net worth. I meet at least one of the criteria for an “accredited investor” under National Instrument 45-106. The foregoing representations and warranties and all other information which I have provided to the Corporation concerning myself and my financial condition are true and accurate as of the date hereof. If in any respect, such representations, warranties, or information shall not be true and accurate, I will give written notice of such fact to the Corporation specifying which representations, warranties or information are not true and accurate, and the reasons therefor. I understand that the information contained herein is being furnished by me in order for the Corporation to determine my suitability as an accredited investor, may be accepted by the Corporation in light of the requirements of National Instrument 45-106 and that the Corporation will rely on the information contained herein for purposes of such determination. Dated: _____________________, 2018 Signed: Witness Print the name of Subscriber Print Name of Witness Capitalized terms used in this Schedule B and defined in the Agreement to which this Schedule B is attached have the meaning defined in the Agreement unless otherwise defined herein. The undersigned or, if applicable, the Disclosed Purchaser through the undersigned acting as its agent, understands that the Corporation and its counsel are relying upon this information in determining to sell securities to the undersigned or, if applicable, the Disclosed Purchaser, in a manner exempt from the prospectus and registration requirements of applicable securities laws. In connection with the purchase by the Subscriber of the Purchased Shares of the Corporation, the Subscriber or, if applicable, the Disclosed Purchaser through the Subscriber acting as its agent, hereby represents, warrants, covenants and certifies to the Corporation that:

Appears in 1 contract

Samples: Subscription Agreement (Anglogold Ashanti LTD)

Financial Background. Please respond to the following questions, supplying as much detail as possible in order to make your answers complete. 2.1 Indicate by check xxxx which of the following categories best describes the extent of your prior experience in the areas of investment listed below: No Experience Some Experience Substantial Experience ☐ ☐ ☐ Marketable Securities ☐ ☐ ☐ Securities for which no public market exists 2.2 For those investments for which you indicated "Substantial Experience" or "Some Experience" in question 2.1 above, please answer the following additional question: How often do you make your own investment decisions with respect to such investments? 2.3 Do you have adequate means of providing for your current needs and personal contingencies and have no need for liquidity in such investments? ☐ Yes ☐ No 2.4 Please indicate whether you are borrowing the money to be used to purchase securities in the Offering? ☐ Yes ☐ No I hereby represent and warrant that: : (a) my net income before taxes was more than C$$200,000 in each of the 2 most recent calendar years, and I expect it to be more than C$$200,000 in the current calendar year; ; (b) my net income before taxes combined with my spouse’s 's was more than C$$300,000 in each of the 2 most recent calendar years, and I expect that our combined net income before taxes to be more than C$$300,000 in the current calendar year; ; (c) either alone or with my spouse, I own more than C$$1,000,000 in cash and securities, after subtracting any debt related to the cash and securities; or or (d) either alone or with my spouse, I have net assets worth more than C$$5,000,000. My commitment to investments which are not readily marketable is reasonable in relation to my net worth. I meet at least one of the criteria for an “accredited investor” under National Instrument 45-106. The foregoing representations and warranties and all other information which I have provided to the Corporation Issuer concerning myself and my financial condition are true and accurate as of the date hereof. If in any respect, such representations, warranties, or information shall not be true and accurate, I will give written notice of such fact to the Corporation Issuer specifying which representations, warranties or information are not true and accurate, and the reasons therefor. I understand that the information contained herein is being furnished by me in order for the Corporation Issuer to determine my suitability as an accredited investor, may be accepted by the Corporation Issuer in light of the requirements of National Instrument 45-106 and that the Corporation Issuer will rely on the information contained herein for purposes of such determination. Dated: _____________________, 2018 Signed: Witness Print the name of Subscriber Print Name of Witness Capitalized terms used in this Schedule B and defined in the Agreement to which this Schedule B is attached have the meaning defined in the Agreement unless otherwise defined herein. The undersigned or, if applicable, the Disclosed Purchaser through the undersigned acting as its agent, understands that the Corporation and its counsel are relying upon this information in determining to sell securities to the undersigned or, if applicable, the Disclosed Purchaser, in a manner exempt from the prospectus and registration requirements of applicable securities laws. In connection with the purchase by the Subscriber of the Purchased Shares of the Corporation, the Subscriber or, if applicable, the Disclosed Purchaser through the Subscriber acting as its agent, hereby represents, warrants, covenants and certifies to the Corporation that:

Appears in 1 contract

Samples: Subscription Agreement (Chemesis International Inc.)

Financial Background. Please respond to the following questions, supplying as much detail as possible in order to make your answers complete. 2.1 Indicate by check xxxx which maxx xhich of the following categories best describes the extent of your prior experience in the areas of investment listed below: No Experience Some Experience Substantial Experience ☐ ☐ ☐ Marketable Securities ☐ ☐ ☐ Securities for which no public market exists 2.2 For those investments for which you indicated "Substantial Experience" or "Some Experience" in question 2.1 above, please answer the following additional question: How often do you make your own investment decisions with respect to such investments? 2.3 Do you have adequate means of providing for your current needs and personal contingencies and have no need for liquidity in such investments? ☐ Yes ☐ No 2.4 Please indicate whether you are borrowing the money to be used to purchase securities in the Offering? ☐ Yes ☐ No I hereby represent and warrant that: : (a) my net income before taxes was more than C$$200,000 in each of the 2 most recent calendar years, and I expect it to be more than C$$200,000 in the current calendar year; ; (b) my net income before taxes combined with my spouse’s 's was more than C$$300,000 in each of the 2 most recent calendar years, and I expect that our combined net income before taxes to be more than C$$300,000 in the current calendar year; ; (c) either alone or with my spouse, I own more than C$$1,000,000 in cash and securities, after subtracting any debt related to the cash and securities; or or (d) either alone or with my spouse, I have net assets worth more than C$$5,000,000. My commitment to investments which are not readily marketable is reasonable in relation to my net worth. I meet at least one of the criteria for an “accredited investor” under National Instrument 45-106. The foregoing representations and warranties and all other information which I have provided to the Corporation Issuer concerning myself and my financial condition are true and accurate as of the date hereof. If in any respect, such representations, warranties, or information shall not be true and accurate, I will give written notice of such fact to the Corporation Issuer specifying which representations, warranties or information are not true and accurate, and the reasons therefor. I understand that the information contained herein is being furnished by me in order for the Corporation Issuer to determine my suitability as an accredited investor, may be accepted by the Corporation Issuer in light of the requirements of National Instrument 45-106 and that the Corporation Issuer will rely on the information contained herein for purposes of such determination. Dated: _____________________, 2018 Signed: Witness Print the name of Subscriber Print Name of Witness Capitalized terms used in this Schedule B and defined in the Agreement to which this Schedule B is attached have the meaning defined in the Agreement unless otherwise defined herein. The undersigned or, if applicable, the Disclosed Purchaser through the undersigned acting as its agent, understands that the Corporation and its counsel are relying upon this information in determining to sell securities to the undersigned or, if applicable, the Disclosed Purchaser, in a manner exempt from the prospectus and registration requirements of applicable securities laws. In connection with the purchase by the Subscriber of the Purchased Shares of the Corporation, the Subscriber or, if applicable, the Disclosed Purchaser through the Subscriber acting as its agent, hereby represents, warrants, covenants and certifies to the Corporation that:

Appears in 1 contract

Samples: Subscription Agreement (Chemesis International Inc.)

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Financial Background. Please respond to the following questions, supplying as much detail as possible in order to make your answers complete. 2.1 Indicate by check xxxx which of the following categories best describes the extent of your prior experience in the areas of investment listed below: ☐ ☐ ☐ Marketable Securities ☐ ☐ ☐ Securities for which no public market exists 2.2 For those investments for which you indicated “Substantial Experience” or “Some Experience” in question 2.1 above, please answer the following additional question: How often do you make your own investment decisions with respect to such investments? 2.3 Do you have adequate means of providing for your current needs and personal contingencies and have no need for liquidity in such investments? ☐ Yes ☐ No 2.4 Please indicate whether you are borrowing the money to be used to purchase securities in the Offering? ☐ Yes ☐ No I hereby represent and warrant that: (a) my net income before taxes was more than C$200,000 in each of the 2 most recent calendar years, and I expect it to be more than C$200,000 in the current calendar year; (b) my net income before taxes combined with my spouse’s was more than C$300,000 in each of the 2 most recent calendar years, and I expect that our combined net income before taxes to be more than C$300,000 in the current calendar year; (c) either alone or with my spouse, I own more than C$1,000,000 in cash and securities, after subtracting any debt related to the cash and securities; or (d) either alone or with my spouse, I have net assets worth more than C$5,000,000. My commitment to investments which are not readily marketable is reasonable in relation to my net worth. I meet at least one of the criteria for an “accredited investor” under National Instrument 45-106. The foregoing representations and warranties and all other information which I have provided to the Corporation concerning myself and my financial condition are true and accurate as of the date hereof. If in any respect, such representations, warranties, or information shall not be true and accurate, I will give written notice of such fact to the Corporation specifying which representations, warranties or information are not true and accurate, and the reasons therefor. I understand that the information contained herein is being furnished by me in order for the Corporation to determine my suitability as an accredited investor, may be accepted by the Corporation in light of the requirements of National Instrument 45-106 and that the Corporation will rely on the information contained herein for purposes of such determination. Dated: ______________________, 2018 2019 Signed: Witness Print the name of Subscriber Print Name of Witness Capitalized terms used in this Schedule B and defined in the Agreement to which this Schedule B is attached have the meaning defined in the Agreement unless otherwise defined herein. The undersigned or, if applicable, the Disclosed Purchaser through the undersigned acting as its agent, understands that the Corporation and its counsel are relying upon this information in determining to sell securities to the undersigned or, if applicable, the Disclosed Purchaser, in a manner exempt from the prospectus and registration requirements of applicable securities laws. In connection with the purchase by the Subscriber of the Purchased Shares of the Corporation, the Subscriber or, if applicable, the Disclosed Purchaser through the Subscriber acting as its agent, hereby represents, warrants, covenants and certifies to the Corporation that:

Appears in 1 contract

Samples: Subscription Agreement (Anglogold Ashanti LTD)

Financial Background. Please respond to the following questions, supplying as much detail as possible in order to make your answers complete. 2.1 Indicate by check xxxx which of the following categories best describes the extent of your prior experience in the areas of investment listed below: ☐ ☐ ☐ Marketable Securities ☐ ☐ ☐ Securities for which no public market exists 2.2 For those investments for which you indicated “Substantial Experience” or “Some Experience” in question 2.1 above, please answer the following additional question: How often do you make your own investment decisions with respect to such investments? 2.3 Do you have adequate means of providing for your current needs and personal contingencies and have no need for liquidity in such investments? ☐ Yes ☐ No 2.4 Please indicate whether you are borrowing the money to be used to purchase securities in the Offering? ☐ Yes ☐ No I hereby represent and warrant that: (a) my net income before taxes was more than C$200,000 in each of the 2 most recent calendar years, and I expect it to be more than C$200,000 in the current calendar year; (b) my net income before taxes combined with my spouse’s was more than C$300,000 in each of the 2 most recent calendar years, and I expect that our combined net income before taxes to be more than C$300,000 in the current calendar year; (c) either alone or with my spouse, I own more than C$1,000,000 in cash and securities, after subtracting any debt related to the cash and securities; or (d) either alone or with my spouse, I have net assets worth more than C$5,000,000. My commitment to investments which are not readily marketable is reasonable in relation to my net worth. I meet at least one of the criteria for an “accredited investor” under National Instrument 45-106. The foregoing representations and warranties and all other information which I have provided to the Corporation concerning myself and my financial condition are true and accurate as of the date hereof. If in any respect, such representations, warranties, or information shall not be true and accurate, I will give written notice of such fact to the Corporation specifying which representations, warranties or information are not true and accurate, and the reasons therefor. I understand that the information contained herein is being furnished by me in order for the Corporation to determine my suitability as an accredited investor, may be accepted by the Corporation in light of the requirements of National Instrument 45-106 and that the Corporation will rely on the information contained herein for purposes of such determination. Dated: _______________, 2017 Signed: ______, 2018 Signed: ____________ Witness Print the name of Subscriber Print Name of Witness Capitalized terms used in this Schedule B and defined in the Agreement to which this Schedule B is attached have the meaning defined in the Agreement unless otherwise defined herein. The undersigned or, if applicable, the Disclosed Purchaser through the undersigned acting as its agent, understands that the Corporation and its counsel are relying upon this information in determining to sell securities to the undersigned or, if applicable, the Disclosed Purchaser, in a manner exempt from the prospectus and registration requirements of applicable securities laws. In connection with the purchase by the Subscriber of the Purchased Shares of the Corporation, the Subscriber or, if applicable, the Disclosed Purchaser through the Subscriber acting as its agent, hereby represents, warrants, covenants and certifies to the Corporation that:

Appears in 1 contract

Samples: Subscription Agreement (Anglogold Ashanti LTD)

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