Subscription Agreement (Short Form, Private Placement of LLC Interests) (Pro-company)
Summary
This short-form subscription agreement template may be used in connection with a private placement in which limited liability company (LLC) membership interests are sold to an investor. The agreement contains representations from the investor regarding the investor's status as an "accredited investor" under federal securities law and other matters. This template includes practical guidance and drafting notes. This is a short-form, company-friendly agreement that includes representations only from the investor. With respect to the company and the terms of the offering, the investor relies on the information in the company's offering memorandum and on the anti-fraud provisions of the federal and state securities laws. Unlike a long-form subscription agreement, this template does not contain details on settlement mechanics, closing, indemnification, or other clauses, which may be provided in the offering memorandum or an instruction sheet accompanying this agreement or in the LLC's ...