ACCREDITED INVESTORS

You can get started as an investor with Vasari Energy here: https://vasarienergy.com/register

The entire account creation and investment process is completed online via the Vasari Energy website. You will be prompted to provide or verify any required information, as well as make the necessary acknowledgments electronically.

The Vasari Energy strategy is to reach over 2 GW of projects under development and construction and sell the company to a strategic buyer, or to go public with an IPO. The objective would be to create liquidity for shareholders and capital gains. There can be no assurances that Vasari Energy will be successful in this strategy.

Utility solar projects are generally developed in remote areas on properties that range from 50 acres to over 1,000 acres and produce 20 MW to 200 MW of power. A utility solar project generates power to be sold to a utility company, municipality or a corporate customer.

Yes, Vasari Energy stock is only available to accredited investors.

An accredited investor, in the context of a natural person, includes anyone who:

  • earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR
  • has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).

On the income test, the person must satisfy the thresholds for the three years consistently either alone or with a spouse, and cannot, for example, satisfy one year based on individual income and the next two years based on joint income with a spouse. The only exception is if a person is married within this period, in which case the person may satisfy the threshold on the basis of joint income for the years during which the person was married and on the basis of individual income for the other years.

In addition, entities such as banks, partnerships, corporations, nonprofits and trusts may be accredited investors. Of the entities that would be considered accredited investors and depending on your circumstances, the following may be relevant to you:

  • any trust, with total assets in excess of $5 million, not formed to specifically purchase the subject securities, whose purchase is directed by a sophisticated person, or
  • any entity in which all of the equity owners are accredited investors.

In this context, a sophisticated person means the person must have, or the company or private fund offering the securities reasonably believes that this person has, sufficient knowledge and experience in financial and business matters to evaluate the merits and risks of the prospective investment.

All investments involve a certain level of risk. Vasari Energy stock has risks related to obtaining permits, agreement with a utility company to utilize transmission lines and obtaining a customer to buy power. Please refer to the Vasari Energy private placement memorandum for a more detailed discussion about the risks associated with investing in Vasari Energy.

INTERNATIONAL INVESTORS

Yes, investment in Vasari Energy stock is available to investors who are non-US Persons.

“U.S. Person” means (i) any natural person resident in the United States; (ii) any partnership or corporation organized or incorporated under the laws of the United States (or any state or other political subdivision thereof); (iii) any estate of which any executor or administrator is a US person; (iv) any trust of which any trustee is a US person: (v) any agency or branch of any non-US entity located in the United States; (vi) any non-discretionary account or similar account held other than in estate or trust by a dealer or other fiduciary for the benefit or account of a US person; (vii) any discretionary account or similar account other than in estate or trust held by a dealer or other fiduciary organized, incorporated or (if an individual) resident in the United States; and (viii) any partnership or corporation formed by a US person principally for the purpose of investing in securities not registered under the US Securities Act of 1933.