Investor Agreement printable pdf download

153 South Lexington Avenue

Asheville, NC 28801

(Phone) 828-253-2834

(Fax) 828-255-7953

NVESTOR

GREEMENT

This agreement is between [name(s)]

Mr.

Ms.

[address]

, [city/state/zip]

[phone] (

)

, [email]

(the “Investor”), and Mountain BizCapital, Inc.

, Inc. d/b/a Mountain BizWorks (“Mountain BizWorks”), having its principal place

(“Mountain BizWorks”), having its principal place

of business at 153 South Lexington Avenue, Asheville, NC 28801. This Investor Agreement (“Agreement”) supersedes

any prior agreement between the parties with respect to the investment amount set forth below.

etween the parties with respect to the investment amount set forth below.

Mountain BizWorks is a North Carolina nonprofit corporation and

Mountain BizWorks is a North Carolina nonprofit corporation and a community development financial i

a community development financial institution serving

western North Carolina. To obtain the funds necessary to carry o

estern North Carolina. To obtain the funds necessary to carry out its corporate purposes, Mountain BizWorks accepts

ut its corporate purposes, Mountain BizWorks accepts

loans (“investments”) and donations. The Investor supports Mountain BizWorks’ mission, has received and read the

organization’s most current offering memorandum and financial statements, and understands

organization’s most current offering memorandum and financial statements, and understands the risks involved in making

the risks involved in making

an investment in Mountain BizWorks.

Mountain BizWorks and the Investor agree as follows:

1. Mountain BizWorks desires to borrow the amount set forth on page 2 and the Investor desires to lend (“invest”) this

amount, for the period of years set forth on page 2.

period of years set forth on page 2.

2. Mountain BizWorks will evidence this investment by executing and delivering a Promissory Note (“Note”) to the Investor

for the principal sum of the investment, at the interest rate set forth on page 2. The investment

for the principal sum of the investment, at the interest rate set forth on page 2. The investment will earn interest from the

will earn interest from the

day the investment is received by Mountain BizWorks. Interest accrues annually.

3. Earned interest will be reinvested with Mountain BizWorks until closure of the investment unless the investment is for a

term of more than one year and the option for annual interest payments is chosen on page 2.

ear and the option for annual interest payments is chosen on page 2.

4. Mountain BizWorks may mail a renewal notice to the Investor 21 days prior to maturity offering the Investor three

options: (a) renew with the same terms, subject to Mountain BizWorks’ current maximum interest rate; (b) renew with

different terms; or (c) not renew. The principal of a renewed investment will be the original principal plus all accrued

not renew. The principal of a renewed investment will be the original principal plus all accrued

interest earned through the renewal date. A new Note will be issued

interest earned through the renewal date. A new Note will be issued based on the terms selected in the renewal notice

based on the terms selected in the renewal notice. If

the Investor fails to respond within ten days of maturity, the investment will automatically be renewed with the same terms

ten days of maturity, the investment will automatically be renewed with the same terms

stipulated in this Agreement, subject to Mountain BizWorks’ current maximum interest rate.

stipulated in this Agreement, subject to Mountain BizWorks’ current maximum interest rate. Any renewal notice or

Any renewal notice or

amendment that is returned to Mountain BizWorks pursuan

amendment that is returned to Mountain BizWorks pursuant to Section 5 below will become part of this agreement.

t to Section 5 below will become part of this agreement.

5. If the Investor elects not to renew the investment, (a) the signed renewal notice and Note(s) pertaining to the

to renew the investment, (a) the signed renewal notice and Note(s) pertaining to the

investment must be returned to Mountain BizWorks within ten days of maturity, and (b

investment must be returned to Mountain BizWorks within ten days of maturity, and (b) Mountain BizWorks will mail a

) Mountain BizWorks will mail a

check to the Investor within ten days of maturity, or within ten days of receiving an election not to renew by the Investor,

whichever is the later. If the Investor is unable to locate the Note(s), the Investor must check th

whichever is the later. If the Investor is unable to locate the Note(s), the Investor must check the option on the renewal

e option on the renewal

notice waiving all rights to a future claim under the Note, or send a signed letter requesting payment of principal and

interest accrued to Mountain BizWorks.

6. The Investor has no right to withdraw funds prior to maturity, but Mo

6. The Investor has no right to withdraw funds prior to maturity, but Mountain BizWorks will consider requests for early

untain BizWorks will consider requests for early

withdrawal. If withdrawal is permitted, a penalty may be assessed and subtracted from the original amount invested, in an

amount equivalent to the amount of interest that would have been earned over six mont

amount equivalent to the amount of interest that would have been earned over six months.

7. Mountain BizWorks may prepay all or any part of the principal amount without penalty. If the Investment is wholly

prepaid, prorated interest will be paid at the time of payoff.

8. Neither this Agreement nor the Note(s) are assignable.

Investor Agreement

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