What legal document(s) will I be signing when investing into a company via a Propel(x) syndicate?

Investors sign documents to invest in a special-purpose vehicle (“syndicate”) instead of the company’s purchase agreement. For your ease of reviewing, we have separated the syndicate governance documents and subscription agreement from the signature page and relevant tax documents. Please note that the subscription agreement is only legally binding if the Broker Review process has been successfully completed. We encourage interested investors to carefully review these in the Deal Profile | Documents section before starting the investment process. You can also download an example of each below:

• The Syndicate Operating Agreement
• The Syndicate Private Placement Memorandum
• Subscription Agreement

The consolidated signature packet is what you will actually be signing via DocuSign at the time of your investment. It includes the following sections:

• Signature page to the syndicate subscription agreement
• Subscriber information and accredited investor status questionnaire
• IRS forms including W-9 (for U.S. investors), W-8 BEN (for international individual investors), and W-8 BEN-E (for international entity investors)

Updated on: 12/24/2020