Idaho. Buyers that are residents of Idaho must have either (i) a liquid net worth of $85,000 and annual gross income of $85,000 or (ii) a liquid net worth of $300,000. Additionally, such Buyer’s Purchase Price shall not exceed 10% of his or her liquid net worth. “Liquid net worth” is defined as that portion of net worth consisting of cash, cash equivalents and readily marketable securities.
Appears in 5 contracts
Samples: Subscription Agreement (Vault Holding 1, LLC), Subscription Agreement (iCap Vault 1, LLC), Subscription Agreement (Vault Holding 1, LLC)
