- $150,000 Minimum Investment
The Subscriber is making a firm commitment to invest an aggregate amount of at least $150,000 and, if the Subscriber is not an individual: (i) either: (A) the Subscriber has not been formed, created, established or incorporated for the purpose of permitting the purchase of the Shares without a prospectus; or (B) the share or portion of each member or partner of the partnership, syndicate or unincorporated organization, each beneficiary of the trust or each shareholder of the corporation, of the aggregate acquisition cost to the Subscriber of the Shares is not less than $150,000, and (ii) the Subscriber will provide such information to the Company respecting its date of formation, its primary business purpose and/or the number of members, partners, beneficiaries or shareholders as the Company may reasonably request.
- Close Personal Friend
The Subscriber is a 'close personal friend' of a director, executive officer, founder or control person of the Company, namely Kenneth W. Mahon, Kevin K. Mahon, Alan F. Wolrige, Jeff Morgan or Randolph Pratt.
A 'close personal friend' of a director, executive officer, founder or control person of the Company is an individual who knows the director, executive officer, founder or control person well enough and has known them for a sufficient period of time to be in a position to assess their capabilities and trustworthiness. The term 'close personal friend' can include a family member who is not already specifically identified in the Exemptions if the family member satisfies the criteria described above. The relationship between the individual and the director, executive officer, founder or control person must be direct. For example the exemption is not available to a close personal friend of a close personal friend of a director of the issuer. An individual is not a close personal friend solely because the individual is: (a) a relative, (b) a member of the same organization, association or religious group, or (c) a client, customer, former client or former customer.
- Close Business Associate
The Subscriber is a close business associate of a director, executive officer, founder or control person of the Company, namely Kenneth W. Mahon, Kevin K. Mahon, Alan F. Wolrige, Jeff Morgan or Randolph Pratt.
A 'close business associate' is an individual who has had sufficient prior business dealings with a director, executive officer, founder or control person of the Company to be in a position to assess their capabilities and trustworthiness. An individual is not a close business associate solely because the individual is a client, customer, former client or former customer of the issuer. The relationship between the individual and the director, executive officer, founder or control person must be direct. For example, the exemption is not available for a close business associate of a close business associate of a director of the Company.
- Accredited Investor
The Subscriber is a person who meets the definition of 'accredited investor' under National Instrument 45-106 – Prospectus and Registration Exemptions (such accredited investors must complete the Certificate of Accredited Investor set out as Schedule 'A' hereto), and the Subscriber has not been formed, created, established or incorporated for the purpose of permitting the purchase of the Shares as an 'accredited investor'
For those investors that DO NOT fall under the four exemption categories of 'minimum $150,000 investment', 'close personal friend' of a Terrapin director, 'close business associate' of a director, or an 'accredited investor' please read the offering memorandum carefully which provides full details of the investment in our company’s preferred shares, and complete this form here.
If you are unsure of which forms are required please feel free to contact our mortgage administrator Karen Hung at our office.
