The Arkansas Subscription Agreement — A Section 3C1 Fund is a legal document utilized in Arkansas for the purpose of subscribing to and investing in a Section 3C1 Fund. This agreement outlines the terms and conditions that govern the relationship between the investor and the fund manager. A Section 3C1 Fund refers to a specific type of investment fund that operates under Section 3(c)(1) of the Investment Company Act of 1940. This section exempts certain investment funds from registering as investment companies with the Securities and Exchange Commission (SEC) if they have fewer than 100 beneficial owners. Generally, these funds are only available to accredited investors, who are individuals or entities that meet specific income or asset requirements. The Arkansas Subscription Agreement for a Section 3C1 Fund is a critical document for potential investors in Arkansas looking to participate in such investment opportunities. It ensures that both the investor and the fund are aware of their rights and responsibilities throughout the investment process. The agreement typically encompasses various key provisions, such as: 1. Identification of Parties: It clearly identifies the investor and the fund manager, including their legal names, addresses, and contact information. 2. Subscription Details: It outlines the specific terms of the investment, including the amount of money the investor intends to invest, the type and class of shares being purchased, and the subscription price. 3. Representations and Warranties: The investor is required to provide certain representations and warranties confirming their eligibility as an accredited investor and their understanding of the risks associated with the investment. 4. Transferability: This section addresses whether the investor's shares can be transferred or assigned to another party without the fund manager's consent. 5. Subscription Documents: It specifies the additional documents the investor must provide alongside the subscription agreement, such as a subscription questionnaire, investment representations, and any required certifications. 6. Governing Law and Dispute Resolution: This section determines the state laws governing the agreement and outlines the procedures for resolving any potential disputes. Different types or variations of Arkansas Subscription Agreements for Section 3C1 Funds may exist, depending on the specific investment fund or the preferences of the fund manager. However, the general structure and provisions outlined above are typically fundamental across all such agreements. It is essential for potential investors to review and understand the terms and conditions set forth in the Arkansas Subscription Agreement for Section 3C1 Funds before committing to an investment. Seeking legal advice or consulting with financial professionals is highly recommended ensuring full comprehension of the agreement's implications and potential risks.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.