Sibannac Qualified Investor Questionnaire

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Accredited Investor: The Investor meets the criteria of an “Accredited Investor” by meeting the criteria for at least one of the categories defined below. (The definition of “accredited investor” is defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended). The Investor hereby represents to the Company that he/she/it comes within one of the following categories of “Accredited Investor:”

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I am/the entity is an “accredited investor” pursuant to Rule 501 of Regulation D according to at least one of the categories below:

 

a)    A natural person whose individual net worth , or joint net worth with that person’s spouse, at the time of purchase exceeds $1,000,000, excluding the value of the investor’s primary residence, calculated in accordance with the below rules*

 

b)    A natural person whose had individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year

 

c)    A trust, partnership, corporation, or nonprofit with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii)1of Regulation D

 

d)    An entity in which all of the equity owners are “accredited investors.”

 

e)    Other

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*Rules regarding primary residences: In calculating my net worth, I have (i) excluded my primary residence as an asset, (ii) excluded debt secured by such residence, up to the estimated fair market value of the residence; (iii) included the amount of any increase on the debt secured by the primary residence incurred within 60 days prior to the purchase of the securities (unless related to the acquisition of the primary residence); and (iv) included debt in excess of the fair market value of the primary residence.