Common use of Offering Amount Clause in Contracts

Offering Amount. Maximum: $16.6 million (16,600 offered units) Minimum: $500,000 (500 offered units) Price Per Unit: $1,000 per offered unit Minimum Subscription: $20,000 (20 offered units) Deferred Plan Eligibility: CLDC offered units are a qualified investment for deferred plans such as RRSP/RRIF/LIRA/ RESP2. Management Fees: 5% Development management fee Performance Fees: An 8% hurdle rate is required to be provided to the investors prior to management being able to participate in any profits, which will be split 70/30 - investors/management. Tax Efficiency: Chestermere Lands has been constructed to allow investors to utilize the TFSA investment vehicle to earn money and pay no tax on the return that is earned on the TFSA portion of the investment. Example: An investor can invest $20k ($18k from RRSP/$2k TFSA). The 8% hurdle rate is paid to their RRSP and the balance of project profits will be paid into their TFSA where amounts are received tax-free2.

Offering Amount. Maximum: $16.6 million (16,600 offered units) Minimum: $500,000 (500 offered units) Price Per Unit: $1,000 per offered unit Minimum Subscription: $20,000 (20 offered units) Deferred Plan Eligibility: CLDC offered units are a qualified investment for deferred plans such as RRSP/RRIF/LIRA/ RESP2. Management Fees: 5% Development management fee Performance Fees: An 8% hurdle rate is required to be provided to the investors prior to management being able to participate in any profits, which will be split 70/30 - investors/management. Tax Efficiency: Chestermere Lands has been constructed to allow investors to utilize the TFSA investment vehicle to earn money and pay no tax on the return that is earned on the TFSA portion of the investment. Example: An investor can invest $20k ($18k from RRSP/$2k TFSA). The 8% hurdle rate is paid to their RRSP and principal, and the balance of project profits will be paid into their TFSA where amounts are received tax-free2.