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A natural person whose individual net worth, or joint net worth with his or her spouse, at the time of his or her purchase exceeds $1,500,000; OR |
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A natural person who had individual income in excess of $200,000 in each of the two most recent years or joint income with his or her spouse in excess of $300,000 in each of those years and has reasonable expectation of reaching the same income level in the current year; OR |
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An organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000; OR |
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A
trust with total assets in excess of $5,000,000,
not formed for the specific purpose of acquiring
securities offered, whose purpose is directed by
a sophisticated person as described in Rule 501(A)
under the Securities Act; OR |
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An
entity in which all of the equity owners are "accredited
investors" as defined in Rule 501(a) under
the Securities Act; OR |
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A
bank (as defined in Section 3(a)(2) of the Securities
Act) or a savings and loan association or other
institution (as defined in Section 3(a)(5)(A) of
the Securities Act), whether acting in regard to
this investment in its individual or a fiduciary
capacity; OR |
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An
insurance company (as defined in Section 2(13) of
the Securities Act); OR |
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An
investment company registered under the Invest Company
Act of 1940; OR |
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A
business development company (as defined in Section
2(a)48 of the Investment Company Act of 1940);
OR |
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A
small Business Investment company licensed by the
U.S. Small Business Administration under Section
310(c) or (d) of the Small Business Investment Act
of 1958; OR |
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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 the plan has total
assets in excess of $5,000,000; OR
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An
employee benefit plan with the meaning of Title
1 of the Employee Retirement Income Security Act
of 1974 (an "ERISA Plan") whose decision
to purchase the Shares was made by a plan fiduciary
(as defined in Section 3(21) of the Employee Retirement
Income Securities Act of 1974), which is either
a bank, savings and loan association, insurance
company or registered investment adviser; OR |
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An
ERISA Plan with total assets in excess of $5,000,000
or, if a self-directed ERISA Plan with investment
decisions made solely by persons that are "accredited
investors", OR |
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A
private business development company (as defined
in Section 202(a)(22) of the Investment Advisers
Act of 1940); OR |
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An
entity in which all the equity owners fit into at
least one of the categories listed under section
(1) through (15) above |