I attest by my electronic signature above, digitally recorded and time-stamped in accordance with federal E-Sign Act, that the information given in this application is truthful and accurate to the best of my knowledge and belief. I recognize that the fee payment and attestation portions herein constitute a binding agreement should I choose to proceed with my credit line.
I attest that I am the legal and rightful owner of the securities noted in this application.I agree that no tax advice, financial planning advice, insurance advice, or securities sale or trading advice has been provided to me by anyone associated with A. B. Nicholas including its agents, unless such individuals have demonstrated to me that they are fully licensed in my state of primary residence and permitted to lawfully provide such advice by virtue of their active licensure.
I state that the following credit card information is valid; I understand that ABN will not charge the card unless arrangements are not made to pay the A. B. Nicholas fee after delivery of my funds. I understand that if I prefer, I may relay this credit card information by phone to the ABN Operations Chief, Marie Wood, at 202.379.4744 ext 2.
I agree that no funding through this program shall be used for tax avoidance where such taxes are due either at the state or federal level.
I agree that should I require any information on the tax benefits of utilizing the ABN credit line, I shall consult a licensed tax professional or CPA for guidance as necessary.
I am agreeing to pay A. B. Nicholas a fee for this loan service by the following table:
If my maximum credit line authorization is above $4.99M:
I agree to pay one half of one percent (.50%) of the line ABN has arranged for me, upon successful delivery of my credit line authorization.
If my maximum credit line authorization is between $500K and $4.99M:
I agree to pay one percent (1%) of the line ABN has arranged for me, upon successful delivery of my credit line authorization.
If my maximum credit line authorization is under $500K:
I agree to pay two percent (2%) of the line ABN has arranged for me, upon successful delivery of my credit line authorization.
With my signature above, I am agreeing to pay the A. B. Nicholas fee after my loan funds have been delivered to me and are available for draw as promised, using the above fee table. As the owner of these securities, I agree to pay this fee either by ACH wire directly from my credit line, or by credit card when due (No checks.) I understand and agree that I will owe A. B. Nicholas this fee ONLY if I choose to proceed with this financing AND my funds have been delivered to me as agreed. Otherwise, I owe nothing.
With my signature I am also agreeing that I have:
1) Read the ABN Disclaimer (www.abnicholas.com/disclaimer) and
2) Read the ABN Privacy Statement (www.abnicholas.com/privacy)
I attest that I am a knowledgable (“sophisticated” in SEC parlance) investor with at least $100,000 in net worth. (Please see www.sec.gov for more information on what constitutes a knowledgable and/or “sophisticated” investor for lending purposes).
By my signature above the terms listed herein, and by submitting this application, I am stating that this is a formal electronic agreement valid even if delivered or signed by electronic means in compliance with the federal ESign Act and any applicable contract law; and that even if any one portion is found to be excisable by a court of law, that all other tenets will be held valid.