Investor represents, warrants, and agrees that: (a) Investor has received and has carefully reviewed the Offering Circular of Wesleyan Investment Foundation, Inc. ("WIF") describing the unsecured debt investments WIF offers to the Investor (the "Investments"), including the “Risk Factors” section thereof; (b) Investor is purchasing the Investments either (i) solely for Investor's own account and not for the account of any other person or organization, or (ii) in Investors capacity as a duly authorized trustee or other fiduciary with full power and authority to make investment decisions on behalf of a trust; and (c) Investor will not assign, encumber or otherwise transfer any part of its interest in the Investment without WIF's prior written consent.
Investor acknowledges that: (a) Investor will receive Semi-Annual Statements and Activity Notices through Online Account Access which requires a computer with internet access. Investor must enroll in Online Account Access. Step-by-step instructions for enrollment will come with your account confirmation letter; (b) to the extent WIF is not registered as an investment company, an investment advisor, a broker or a dealer or has not registered the offering of its Investments, in each case pursuant to applicable federal, state and local securities laws, WIF relies on applicable exclusions or exemptions from such laws, and Investor's failure to comply with this Agreement could jeopardize the availability or applicability of those exclusions and exemptions; (c) Investments are unsecured, general debt obligations of WIF, and are not guaranteed by The Wesleyan Church Corporation or any other person or entity; (d) the payment of principal and interest on the Investments is dependent upon loan repayments to WIF which in turn is dependent in large part upon the future charitable giving of members of churches receiving loans from WIF, and that the continuation of or extent of such income cannot be predicted with any certainty; (e) no federal or state agency has made any determination as to the fairness of the Investments, nor made any recommendation or endorsement of the Investments; and (f) the purchase of Investments is subject to investment risks, including possible loss of the entire principal amount invested.
Redemption Right; Default by WIF. An Investor may redeem their investment by contacting WIF via the Investor’s web portal on WIF’s website, by calling WIF at 317-774-7300 or submitting a written request via mail to WIF. If WIF fails to pay any amount of interest and principal due and payable to Investor within seven (7) days of (a) the due date for payment of an Investment with a stated term or (b) Investor’s written demand for payment of an Investment payable on demand, an “Event of Default” shall have occurred. Investor shall have all rights and remedies which Investor may have by law to remedy any Event of Default.
Terms of Agreement: The foregoing terms of this Investment Agreement shall govern the initial investment and all subsequent investments by Investor in the Investments. All representations, warranties, agreements and acknowledgements of Investor are restated as of the date of each subsequent investment, including each time interest is reinvested. Under penalties of perjury, I certify that the Social Security or Taxpayer Identification Number shown in Part 1: Type of Ownership is correct; and I am either exempt from backup withholding or otherwise not subject to backup withholding. The IRS has not notified me that part of my dividend and interest is to be withheld as a result of my failure to report all dividend and interest income.