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Accredited Investor Qualification Form
What
Is An “Accredited Investor and Who Can Be One?”
(as defined
in Reg. § 230.501 of Regulation D)
An
“Accredited Investor” is defined in Regulation D of the Securities and Exchange
Commission, (the SEC) as the following.
1.
A
bank defined in Section 3(a)(2) of the Act; or any savings and loan
association or other institution as defined in section 3(a)(5)(A) of the Act
whether acting in its individual or fiduciary capacity; any broker or dealer
registered pursuant to section 15 of the Securities Exchange Act of 1934; an
insurance company as defined in Section 2(13) of the Act; an investment company
registered under the Investment Company Act of 1940 or a business development
company, as defined in Section 2(a)(48) of that Act; a Small Business Investment
Company licensed by the U.S. Small Business Administration under Section 301(c)
or (d) of the Small Business Act of 1958; an employee benefit plan within the
meaning of Title I of the Employee Retirement Income Security Act of 1974, if
the investment decision is made by a plan fiduciary, as defined in Section 3(21)
of such Act, which is either a bank, insurance company, or registered investment
advisor, or if the employee benefit plan has total assets in excess of
$5,000,000 or, if a self-directed plan, with investment decisions made solely by
persons that are accredited investors.
2.
A
private business development company as defined in Section 202(a)(22) of the
Investment Advisors Act of 1940;
3.
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;
4.
A director, executive officer, or
General
Partner of the issuer of the securities being offered or sold, or any director,
executive officer, or General Partner of a General Partner of that issuer;
5.
A natural person whose individual net worth,
or joint net worth with that person's spouse, at the time of his purchase
exceeds $1,000,000;
6.
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
that person's spouse in excess of $300,000 in each of those years and has a
reasonable expectation of reaching the same income level in the current year;
7.
Any trust, with total assets in excess of
$5,000,000 not formed for the specific purpose of acquiring the securities
offered, whose purchase is directed by a sophisticated person as described in
230.506(b)(2)(ii); and
8.
Any entity in which all of the equity owners
are accredited investors
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