Individual - I am a natural person whose individual net worth, or joint net worth with my spouse, as of the date hereof exceeds $1,000,000 excluding the individual's primary residence AND/OR I am a natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with my spouse in excess of $300,000 in each of those years and I have a reasonable expectation of reaching the same income level in the current year.
Entity Not Formed For The Specific Purpose Of Acquiring The Security Offered - I am an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, a corporation, a similar business trust, or partnership, not formed for the specific purpose of acquiring any specific security, with total assets in excess of $5,000,000.
Regulated Entity - I am (i) a U.S. bank or any banking institution organized under the laws of any state, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or Territorial banking commission or similar official agency, (ii) a U.S. savings and loan association or other similar institution, whether acting in its individual or fiduciary capacity; (iii) a broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934; (iv) a U.S. insurance company; or (v) an investment company registered under the Investment Company Act of 1940.
Business Development Company - I am a "business development company" as defined in the Investment Company Act of 1940.
Private Business Development Company - I am a "private business development company" as defined in the Investment Advisers Act of 1940.
Small Business Investment Company - I am a "small business investment company" licensed by the U.S. Small Business Administration under Section 301(c) or 501(c)(3) of the Small Business Investment Act of 1958.
Employee Benefit Plan - I am an "employee benefit plan" within the meaning of Title I of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and either (i) the investment decision to invest is made by a plan fiduciary, as defined in ERISA, which is either a bank, savings and loan association, insurance company, or registered investment adviser; or (ii) the employee benefit plan has total assets in excess of $5,000,000; or (iii) if a self-directed plan, the investment decisions are made solely by persons that are "accredited investors".
State Plan - I am a plan established and maintained by a State, its political subdivisions, or any agency or instrumentality of a State or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000.
Trust - I am a trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring any specific security, whose purchase is directed by a sophisticated person as described in Regulation D.
Recovable Trust - I am a "recovable trust" that may be amended or revoked at any time by the grantors thereof, an all of the grantors are "accredited investors".