Common use of Qualified Purchasers Clause in Contracts

Qualified Purchasers. Soliciting Dealer will have reasonable grounds to believe (based on such information as the investment objectives, other investments, financial situation and needs of the person or any other information known by Soliciting Dealer after due inquiry) that: (i) such person meets the “qualified purchaser” standards that are set forth in Regulation A, (ii) upon execution of the Subscription Agreement by such person, the information contained in the Subscription Documents is true and correct in all material respects with respect to such person, and (iii) such person will be acquiring the Shares for investment and not with a view a toward distribution. Soliciting Dealer may require prospective purchasers to complete such other forms, questionnaires or other instruments as it determines in its sole discretion are appropriate in accordance with its internal policies and procedures, and may reject any prospective purchaser in its sole discretion on the basis of information provided in response to such other forms, questionnaires or instruments if such rejection is prior to acceptance of such purchaser’s Subscription Agreement by the Sponsor.