An individual Subscriber or an IRA Subscriber of an individual participant,
whose net worth, or joint net worth with that person’s spouse at the time of
his purchase, exceeds $1,000,000 (including any interest in an IRA or 401(k)
An individual Subscriber or an IRA Subscriber of an individual participant, who
had an income in excess of $200,000 in each of the two most recent years or
joint income with that person’s spouse in excess of $300,000 in each of those
years and who reasonably expects an income in excess of the same income level
in the current year.
A corporation, Massachusetts or similar business trust, a partnership,
an LLC or an organization described in Section 501(c)(3) of the Internal
Revenue Code, not formed for the specific purpose of making this investment,
with total assets in excess of $5,000,000.
An entity in which all of the equity owners are Accredited Investors under Rule
501 of Regulation D under the Securities Act of 1933 (“Regulation D”).
A trust with total assets in excess of $5,000,000, not formed for the specific
purpose of making this investment, whose investments are directed by a person
with knowledge and financial expertise in financial and business matters, as
described in Rule 506(b)(2)(ii) of Regulation D.
A bank, savings and loan association, broker, dealer, insurance company,
investment company, business development company, licensed small business
investment company or private business development company (as such terms are
defined under applicable sections of the Securities Act of 1933, Securities and
Exchange Act of 1934, Investment Company Act of 1940, Investment Advisers Act
of 1940, or Small Business Investment Act of 1958).
An employee benefit plan within the meaning of ERISA if the investment decision
is made by a Plan fiduciary, as defined in Section 3(21) of ERISA, which is
either a bank, insurance company, or registered investment adviser.
An employee benefit plan within the meaning of ERISA or a plan established and
maintained by a state or its political subdivisions or any agency or
instrumentality of a state or its political subdivisions for the benefit of its
employees, in each case with total assets over $5,000,000.
An employee benefit plan which is completely self-directed and whose investment
decisions are made by a person who is an “Accredited Investor” under Regulation