Common use of Alaska Clause in Contracts

Alaska. The Notes will be sold in Alaska to accredited investors only (as defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended). The investor should purchase the Notes for investment purposes only and not with a view to distribution. Alaska investors are required to sign and complete the accredited investor certification attached as Exhibit D hereto. Buyers that are residents of Arizona must have either (i) a minimum of $150,000 (or $200,000 when combined with spouse) in gross income during the prior year and a reasonable expectation that the investor will have such income in the current year; or (ii) minimum net worth (exclusive of home, furnishings and automobiles) of $350,000 (or $400,000 when combined with spouse) with the Purchase Price for the Notes not exceeding 10% of the net worth of the Buyer (together with a spouse, if applicable).