Investor Representation Letter
(Qualified Purchaser Exemption; Natural Person) (CA)

Summary

This representation letter template may be used to document the qualification of a purchaser that is a natural person (as opposed to an entity purchaser) in connection with an offering under the California qualified purchaser exemption provided by California Corporations Code Section 25102(n) (Cal. Corp. Code § 25102(n)). Also included are representations to confirm that the purchase is not for resale. This template includes practical guidance and drafting notes. For more information on the California qualified purchaser exemption, see Exemptions from the Securities Qualification Requirements under California Law and Regulation D Offerings in California. For more resources on private placements generally, see Private Placements Resource Kit.