Common use of Financial Background Clause in Contracts

Financial Background. Please respond to the following questions, supplying as much detail as possible in order to make your answers complete. 2.1 Indicate by check ▇▇▇▇ which of the following categories best describes the extent of your prior experience in the areas of investment listed below: 2.2 For those investments for which you indicated "Substantial Experience" or "Some Experience" in question 2.1 above, please answer the following additional question: 2.3 Do you have adequate means of providing for your current needs and personal contingencies and have no need for liquidity in such investments? 2.4 Please indicate whether you are borrowing the money to be used to purchase securities in the Offering? (a) my net income before taxes was more than $200,000 in each of the 2 most recent calendar years, and I expect it to be more than $200,000 in the current calendar year; (b) my net income before taxes combined with my spouse's was more than $300,000 in each of the 2 most recent calendar years, and I expect that our combined net income before taxes to be more than $300,000 in the current calendar year; (c) either alone or with my spouse, I own more than $1,000,000 in cash and securities, after subtracting any debt related to the cash and securities; or (d) either alone or with my spouse, I have net assets worth more than $5,000,000.

Financial Background. Please respond to the following questions, supplying as much detail as possible in order to make your answers complete. 2.1 Indicate by check ▇▇▇▇ mark which of the following categories best describes the extent of your prior experience in the areas of investment listed below: 2.2 For those investments for which you indicated "“Substantial Experience" ” or "“Some Experience" ” in question 2.1 above, please answer the following additional question: 2.3 Do you have adequate means of providing for your current needs and personal contingencies and have no need for liquidity in such investments? 2.4 Please indicate whether you are borrowing the money to be used to purchase securities Shares in the Offering? (a) my net income before taxes was more than $200,000 in each of the 2 most recent calendar years, and I expect it to be more than $200,000 in the current calendar year; (b) my net income before taxes combined with my spouse's was more than $300,000 in each of the 2 most recent calendar years, and I expect that our combined net income before taxes to be more than $300,000 in the current calendar year; (c) either alone or with my spouse, I own more than $1,000,000 in cash and securitiesShares, after subtracting any debt related to the cash and securitiesShares; or (d) either alone or with my spouse, I have net assets worth more than $5,000,000.