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There is
a page of legal definitions explaining each and every one of
these types of investors. I will save you the legal wording and
keep it simple. You can look at the Subscription document and/or
the Memorandum for all the lawyer-speak.
1. a bank
2. a private business development company
3. a corporation, business trust or partnership
with assets in excess of $5,000,000
4. a director or executive officer of the Company
(that's me)
5. a person whose individual net worth , or joint
net worth with spouse exceeds $1,000,000 (including personal
residence)
6. a person who had an individual income in excess
of $200,000 in each of the last two years, or joint income with
spouse in excess of $300,000, and a reasonable expectation of
continuing at that income level.
7. a trust with total assets in excess of $5,000,000
8. an entity in which all of the equity owners are
accredited investors (defined in 5 and 6)
This is the
abbreviated description of each one of these entities and individuals.
A longer and more complete description is in the Subscription
Agreement and Memorandum.
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