Accreditation Policy
Effective Date: February 1, 2022
To be eligible to utilize the Service offered by Angel Estate (as defined in the Terms of Service), you must be at least 16 years old, and that if you are less than 18 years old, your parent or legal guardian has agreed to stand behind any agreement you enter into as a participant on Angel Estate.
Private Placements. Only "accredited investors" as defined in Rule 501 of Regulation D are authorized to access such services and web pages relating to offerings conducted under Regulation D (such persons being "Accredited Investors"). In general, to qualify as an Accredited Investor, individuals must have a net worth of more than $1 million (excluding their primary residence), or gross income for each of the last two years of at least $200,000 ($300,000 jointly with their spouse) with the expectation of a similarly qualifying income during the current year.
Regulation A. "Tier II" Investment opportunities registered pursuant to Regulation A of the Securities Act, including real estate investment trusts and other funds sponsored by one of Our Affiliates, are offered only to "Qualified Purchasers" as defined in Regulation A. "Qualified Purchasers" include: (i) Accredited Investors and (ii) all other investors so long as their investment in one of our offerings does not represent more than 10% of the greater of their annual income or net worth (for natural persons), or 10% of the greater of annual revenue or net assets at fiscal year-end (for non-natural persons).
Covered Persons. You may not become a beneficial owner of 20% or more of any issuer 's outstanding voting equity securities (an "Issuer Covered Person ") without becoming subject to certain "bad actor " disqualifying events described in Rule 506(d) of Regulation D or Rule 262(a) of Regulation A (a "Disqualifying Event "). You represent that you are not subject to a Disqualifying Event and that you will promptly notify Angel Estate in writing should any Disqualifying Events be applicable to you. Angel Estate is not liable or responsible for making Rule 506(e) under Regulation D or Rule 262(e) disclosures under Regulation A, nor for determining whether any Issuer Covered Person is subject to a Disqualifying Event.
Documentation. You may be required to provide supporting documents to issuers that provide proof that you are an Accredited Investor or Qualified Purchaser and as to your status with respect to being an Issuer Covered Person. Such proof will require your completion of a subscription agreement and may require completion of a questionnaire and satisfactory background information screening. Your failure to provide any information and documentation requested to confirm your status will be cause for Angel Estate to immediately discontinue your use of the Service by preventing your access to the Website and the Service.
Contact Information
Angel Estate welcomes your questions or comments regarding our Accreditation Policy. If you believe that Angel Estate has not adhered to this Statement, please contact us at:
Angel Estate, LLC.
521 Marguerite Ave
Corona Del Mar, CA 92625
Email Address: info@angelestate.com
Effective as of February 1, 2022