Page 6 - NAME: ___________________________________
P. 6
Size of Investment: Units will be sold in increments of $25,000 per Unit. A purchase of a Unit entitles the purchaser to a Membership Interest in the Company and represents the entire commitment to the Company by a purchaser, as there will be no additional capital contributions required by Members. Except as may be required under law, Members will have no liability to or arising from the Company apart from their initial investment in the Company. How to Subscribe: At the time of subscription an investor must deliver an executed copy of the Subscription Agreement (together with a Purchaser Questionnaire and an executed signature page to the LLC Agreement) and a check for $25,000 times the number of Units requested for purchase payable to Silicon Valley Fitness Center. Who May Invest: An investment in the Company involves substantial risks and is suitable only for investors that have no need for liquidity with respect to this investment. Membership Interests in the Company are speculative securities intended for investors who are both experienced and sophisticated. As a result, an investment in the Company is only suitable for investors that qualify as “accredited investors,” as such term is defined under the Securities Act, provided that the Managing Member may, in its sole and absolute discretion, offer an investments to persons who are not “accredited investors” but who have a pre-existing personal or business relationship with the principals of the Managing Members. Accordingly, each prospective investor will be required to make certain representations contained in the Subscription Agreement, which include, among other things, that the investor qualifies as an accredited investor by initialing the appropriate qualification(s) that apply to such investor as set forth in the Subscription Agreement that accompanies this Private Placement Memorandum. Each investor will also be required to represent that, together with his or her advisors, the investor has made such investigation of this proposed investment, particularly with reference to his or her specific circumstances, and has determined that an investment in the Company is appropriate and suitable for the investor after taking into consideration the Company’s objectives and the risks associated with this investment.
   1   2   3   4   5   6   7   8   9   10   11