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Investor Requirements

   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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