What is the Net Worth Test for Accredited Investors?

Accredited Investor Type (l): An individual who, either alone or with a spouse, has net assets of at least $5 000 000

CRITERIA:

• the investor, as an individual or together with a spouse, has net assets (after liabilities) of at least $5 million

• the issuer obtains a signed risk acknowledgement in prescribed form (Form 45-106F9) from the investor

INCLUDES:

Assets:

• all fixed and liquid assets

• cash and investments

• principal residence and other real estate

Liabilities:

• all debts and obligations

• mortgages, loans, credit cards, etc.

Accredited Investors that pass the net worth test are considered type (l) under NI 45-106