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Any natural person whose individual net worth, or joint net worth
with that person's spouse, at the time of his or her purchase
exceeds $1,000,000. |
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Any 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. |
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Any private business development company as defined in Section
202(a)(22) of the Investment Advisors Act of 1940.
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Any 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
Interest, with total assets in excess of $5,000,000. |
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Any trust, with total assets in excess of $5,000,000, not formed for
the specific purpose of acquiring the Interests, whose purchase is
directed by a sophisticated person as described in Rule 506(b) of
Regulation D of the Securities Act. |
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Any entity in which all of the equity owners are Accredited
Investors. |
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Any employee benefit plan within the meaning of the Employee
Retirement Income Securities Act of 1974, if the investment decision
is made by a plan fiduciary (as defined in Section 3(21) of the Act)
which is either a bank, savings and loan association, insurance
company or registered investment advisor. |