45-103F3 - Risk Acknowledgement [Proposed F - Lapsed]
| Published Date: | 2001-09-27 |
|---|---|
| Document(s): |
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FORM 45-103F3
Risk Acknowledgement
I acknowledge that this is a risky investment:
- I am investing entirely at my own risk.
- No securities commission has evaluated or endorsed the merits of these securities or the disclosure in the offering memorandum.
- The person selling me these securities is not registered with a securities commission and has no duty to tell me whether this investment is suitable for me. [Instruction: Delete if sold by registrant]
- I will not be able to sell these securities except in very limited circumstances. I may never be able to sell these securities. [Instruction: Delete if issuer is reporting]
- I will not be able to sell these securities for [4 or 12] months. [Instruction: Delete if issuer is not reporting]
- I could lose all the money I invest.
I am investing $____________ [total consideration] in total; this includes any amount I am obliged to pay in future. _______________ [name of issuer] will pay $_____________ [amount of fee or commission ] of this to __________________ [name of person or company selling the securities] as a fee or commission.
I acknowledge that this is a risky investment and that I could lose all the money I invest.
_____________________ _____________________________
Date Signature of Purchaser
_____________________________
Print name of Purchaser
You have 2 business days to cancel your purchase[Instruction: The issuer must complete this section before giving the form to the purchaser.]
To do so, send a notice to [name of issuer] stating that you want to cancel your purchase. You must send the notice before midnight on the 2nd business day after you sign the agreement to purchase the securities. You can send the notice by fax or email or deliver it in person to [name of issuer] at its business address. Keep a copy of the notice for your records.
Issuer Name and Address:
Fax: E-mail:
You are buying "Exempt Market Securities"
Exempt Market Securities
They are called exempt market securities because two parts of securities law do not apply to them. If an issuer wants to sell exempt market securities to you:
- the issuer does not have to give you a prospectus (a document that describes the investment in detail and gives you some legal protections), and
- the securities do not have to be sold by an investment dealer registered with a securities commission.
There are restrictions on your ability to resell exempt market securities.Exempt market securities are more risky than other securities.
You will receive an offering memorandum
Read the offering memorandum carefully because it has important information about the issuer and its securities. Keep the offering memorandum because you have rights based on it. Talk to a lawyer for details about these rights.
You will not receive advice[Instruction: Delete if sold by registrant]
You will not get professional advice about whether the investment is suitable for you. But you can still seek that advice from an adviser or investment dealer registered with a securities commission. Contact the Investment Dealers Association of Canada (website at www.ida.ca) for a list of registered investment dealers in your area.
Securities are not listed[Instruction: Delete if securities are listed or quoted]
The securities you are buying are not listed on any stock exchange and they may never be listed. You may never be able to sell these securities.
Issuer is a Non-Reporting Issuer[Instruction: Delete if issuer is reporting]
A non-reporting issuer does not have to publish financial information or notify the public of changes in its business. You will not receive ongoing information about this issuer.
For more information on the exempt market, call your local securities commission. [Instruction: Insert the name, telephone number and website address of the securities commission in the jurisdiction in which you are selling these securities.]
[Instruction: The purchaser must sign 2 copies of this form. The purchaser and the issuer must each receive a signed copy.]
Request for Comments: Can the Commissions require anything further to insure that investors give serious attention to the Risk Acknowledgement? For example, should we require that it be on different coloured paper than the offering memorandum and subscription agreement? Should we require that portions of it be completed in the investor’s own handwriting?
SAMPLE FORM 45-103F3
Risk Acknowledgement
I acknowledge that this is a risky investment:
- I am investing entirely at my own risk.
- No securities commission has evaluated or endorsed the merits of these securities or the disclosure in the offering memorandum.
- The person selling me these securities is not registered with a securities commission and has no duty to tell me whether this investment is suitable for me.
- I will not be able to sell these securities except in very limited circumstances. I may never be able to sell these securities.
- I could lose all the money I invest.
I am investing $ 5,000.00 in total; this includes any amount I am obliged to pay in future. LBC Cryogenics Corp. will pay $ 450.00 [amount of fee or commission ] of this to Alex Darwin [name of person or company selling the securities] as a fee or commission.
I acknowledge that this is a risky investment and that I could lose all the money I invest.
_____________________ _____________________________
Date Signature of Purchaser
_____________________________
Print name of Purchaser
You have 2 business days to cancel your purchase
To do so, send a notice to LBC Cryogenics Corp. stating that you want to cancel your purchase. You must send the notice before midnight on the 2nd business day after you sign the agreement to purchase the securities. You can send the notice by fax or email or deliver it in person to LBC Cryogenics Corp. at its business address. Keep a copy of the notice for your records.
LBC Cryogenics Corp.
800 - Technology Drive, Vancouver, BC, V3K 7Q3
Fax: (604) 761-3222 E-mail: Life@lbc.com
You are buying "Exempt Market Securities"
Exempt Market Securities
They are called exempt market securities because two parts of securities law do not apply to them. If an issuer wants to sell exempt market securities to you:
- the issuer does not have to give you a prospectus (a document that describes the investment in detail and gives you some legal protections), and
- the securities do not have to be sold by an investment dealer registered with a securities commission.
There are restrictions on your ability to resell exempt market securities.Exempt market securities are more risky than other securities.
You will receive an offering memorandum
Read the offering memorandum carefully because it has important information about the issuer and its securities. Keep the offering memorandum because you have rights based on it. Talk to a lawyer for details about these rights.
You will not receive advice
You will not get professional advice about whether the investment is suitable for you. But you can still seek that advice from an adviser or investment dealer registered with a securities commission. Contact the Investment Dealers Association of Canada (website at www.ida.ca) for a list of registered investment dealers in your area.
Securities are not listed
The securities you are buying are not listed on any stock exchange and they may never be listed. You may never be able to sell these securities.
Issuer is a Non-Reporting Issuer
A non-reporting issuer does not have to publish financial information or notify the public of changes in its business. You will not receive ongoing information about this issuer.
For more information on the exempt market, call your local securities commission. If you live in British Columbia, contact the British Columbia Securities Commission at (604) 899-6500, (outside the local area, call toll-free 1-800 373-6393), or visit its website at www.bcsc.bc.ca. If you live in Alberta, contact the Alberta Securities Commission, in Calgary at (403) 297-6454 and in Edmonton at (780) 427-5201, or visit its website at www.albertasecurities.com.