Common use of For Natural Persons Clause in Contracts

For Natural Persons. ☐ The undersigned is a natural person and (please check all boxes that apply): ☐ has an individual net worth (determined by subtracting total liabilities from total assets), or joint net worth with the Subscriber’s spouse, in excess of $1,000,000; (excluding undersigned’s primary residence and indebtedness thereon up to the gross value of such residence, except that if the amount of such indebtedness outstanding at the time of undersigned’s execution of the Subscription Agreement exceeds the amount of such indebtedness outstanding 60 days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included as a liability in the determination of Subscriber’s net worth); and/or ☐ had an individual income in excess of $200,000 (or a joint income together with the Subscriber’s spouse in excess of $300,000) in each of the two most recently completed calendar years, and reasonably expects to have an individual income in excess of $200,000 (or a joint income together with the Subscriber’s spouse in excess of $300,000) in the current calendar year.

For Natural Persons. ☐ ¨ The undersigned is a natural person and (please check all boxes that apply): ☐ ¨ has an individual net worth (determined by subtracting total liabilities from total assets), or joint net worth with the Subscriberundersigned’s spouse, in excess of $1,000,000; 1,000,000; (excluding undersigned’s primary residence and indebtedness thereon up to the gross value of such residence, except that if the amount of such indebtedness outstanding at the time of undersigned’s execution of the Subscription Issuance Agreement exceeds the amount of such indebtedness outstanding 60 days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included as a liability in the determination of Subscriberundersigned’s net worth); worth); and/or ☐ ¨ had an individual income in excess of $200,000 (or a joint income together with the Subscriberundersigned’s spouse in excess of $300,000) in each of the two most recently completed calendar years, and reasonably expects to have an individual income in excess of $200,000 (or a joint income together with the Subscriberundersigned’s spouse in excess of $300,000) in the current calendar year.

For Natural Persons. ☐ The undersigned is a natural person and (please check all boxes that apply): ☐ has an individual net worth (determined by subtracting total liabilities from total assets), or joint net worth with the Subscriberundersigned’s spouse, in excess of $1,000,000; (excluding undersigned’s primary residence and indebtedness thereon up to the gross value of such residence, except that if the amount of such indebtedness outstanding at the time of undersigned’s execution of the Subscription Agreement exceeds the amount of such indebtedness outstanding 60 days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included as a liability in the determination of Subscriberundersigned’s net worth); and/or ☐ had an individual income in excess of $200,000 (or a joint income together with the Subscriberundersigned’s spouse in excess of $300,000) in each of the two most recently completed calendar years, and reasonably expects to have an individual income in excess of $200,000 (or a joint income together with the Subscriberundersigned’s spouse in excess of $300,000) in the current calendar year.