Common use of Suitability Standards and Confidential Investor Information Clause in Contracts

Suitability Standards and Confidential Investor Information. You cannot invest in MinnErgy unless you meet one of the following suitability tests a) or b) or the heightened standards for Iowa investors set forth in c) set forth below. Please review the suitability tests and check the box next to the following suitability test that you meet. For husbands and wives purchasing jointly, the tests below will be applied on a joint basis. a. o I (We) have annual income from whatever source of at least $45,000 and a net worth of at least $45,000, exclusive of home, furnishings and automobiles; or b. o I (We) have a net worth of at least $150,000, exclusive of home, furnishings and automobiles. c. o I (We) reside in Iowa and I (We) have a net worth of $60,000 (exclusive of home, auto and furnishings) and annual income of $60,000 or, in the alternative, a net worth of $150,000 (exclusive of home, auto and furnishings).

Appears in 4 contracts

Samples: Subscription Agreement (Minnergy LLC), Subscription Agreement (Minnergy LLC), Subscription Agreement (Minnergy LLC)

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Suitability Standards and Confidential Investor Information. You cannot invest in MinnErgy unless you meet one of the following suitability tests a) or b) or the heightened standards for Iowa investors set forth in c) set forth below. Please review the suitability tests and check the box next to the following suitability test that you meet. For husbands and wives purchasing jointly, the tests below will be applied on a joint basis. a. o I (We) have annual income from whatever source of at least $45,000 and a net worth of at least $45,000, exclusive of home, furnishings and automobiles; or b. o I (We) have a net worth of at least $150,000, exclusive of home, furnishings and automobiles. c. o I (We) reside in Iowa and I (We) have a net worth of $60,000 70,000 (exclusive of home, auto and furnishings) and annual income of $60,000 70,000 or, in the alternative, a net worth of $150,000 250,000 (exclusive of home, auto and furnishings).

Appears in 1 contract

Samples: Subscription Agreement (Minnergy LLC)

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