Our stock purchase in each transaction is subject to the company's Right of First Refusal (ROFR), which, if exercised, will prevent the consummation of the stock purchase by the fund. In this case, any transferred investment of yours (held in escrow) would be immediately returned. In short, the Right of First Refusal is the company's [...]
The aggregate commitments is the total dollar amount committed from all investors in the fund. It represents the expected size of the fund. As an investor you are a member of the fund and your investment is represented by your Capital Ratio or percentage ownership of the fund (your investment size to the entire size [...]
Your subscription amount on your term sheet is reflected in a capital ratio, which is the ratio of your capital account balance to the sum of capital account balances of all members of the fund. In other words, it illustrates the percentage of the total fund that your membership represents.
During compliance checks, we might need to conduct additional follow up and obtain a Proof of Residence document to show the address on the investment is correctly associated with the investor. A Proof of Residence document can be a utility bill, bank or credit card statement, mortgage statement or rent invoice, or even a driver's [...]
“U.S. person” as defined in Rule 902 of Regulation S under the United States Securities Act of 1933, as amended, means: Any natural person resident in the United States of America, its territories and possessions, any State of the United States, and the District of Columbia (the “United States”); Any partnership or corporation organized or incorporated under the laws of [...]