Rule 501 of Regulation D issued pursuant to the Securities Act of 1933, as amended, defines an "accredited investor" as, inter alia, "any natural person whose individual net worth, or joint net
worth with that person's spouse, exceeds $1,000,000."
In calculating net worth, a person must
Exclude the person's primary residence as an asset,
Exclude debt secured by such residence, up to the estimated fair market value of the residence;
Include the amount of any increase on the debt secured by the primary residence incurred within 60 days prior to the purchase of the securities (unless related to the acquisition of the primary residence); and
Include debt in excess of the fair market value of the primary residence.
In addition, an "accredited investor" includes "any natural person who had an individual income in excess of $200,000 in each of the most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year."
I hereby certify that I am familiar with the definition of "accredited investor" as defined in Rule 501 of Regulation D and that I meet the criteria to qualify as an accredited investor.
I am a natural person whose individual net worth, or joint net worth with that of my spouse, exceeds $1,000,000 calculated in accordance with the above-described rules.
I am a natural person who had individual income in excess of $200,000 in each of the two most recent years or had a joint income with my spouse in excess of $300,000 in each of those years and I have a reasonable expectation of reaching the same income level in the current year.
If neither option applies to you, check neither box.
IN WITNESS WHEREOF, the undersigned have executed this Initial Accredited Investor Certification.
RECIPIENT:
I agree that this CMB Swiss Co Initial Accredited Investor Certification may be electronically signed. I agree that the electronic signatures appearing on this agreement are the same as handwritten signatures for the purposes of validity, enforceability, and admissibility and have the same force and effect. I recognize that I have the option to opt out and sign with a paper signature instead.
