|
INFORMATION ON
ACCREDITED INVESTORS
1) An accredited
investor is: a bank as defined in Section 3(a)(2) of the Securities Act of
1933 (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; any insurance company as defined
in Section 2(13) of the Act; any investment company as defined in Section
2(a)(48) of that act; a Small Business Investment Company Act licensed by
the U.S. Small Business Administration under Section 301 (c) or (d) of the
Small Business Investment Act of 1958; any plan established and maintained
by a state or its political subdivisions for the benefit of its employees,
if such plan has total assets in excess of $5,000,000; any employee benefit
plan within the meaning of the Employee Retirement Income Security Act of
1973/4 if the investment decision is made by a plan fiduciary, as defined in
Section 3(21) of such act, which is either a bank, savings and loan
association, insurance company, or a registered investment advisor, or if
the employee benefit plan has total assets in the excess of $5,000,000 or,
if a self-directed plan, with investment decisions made solely by persons
that are accredited investors.
2) An accredited
investor is: any private business development company as defined in Section
202(a)(22) of the Investment advisors Act of 1940.
3) An accredited
investor is: any organization described in Section 501c(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) An accredited
investor is: any 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) An accredited
investor is: any natural person whose individual net worth, or joint net
worth with that person's spouse, at time of purchase, exceeds $ 1,000,000..
6) An accredited
investor is: any natural person who had an individual income in excess of
$200,000 in each of the two (2) most recent years, or joint income with that
person's spouse, in excess of $300,000 in each of those years and who has a
reasonable expectation of reaching the same income level in the current
year.
7) An accredited
investor is: 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 who has such knowledge and experience
in financial and business matters that he is capable of evaluating the
merits and risks of the investment.
8) An accredited
investor is: any entity in which all the equity owners are accredited
investors as defined above.
AN INVESTOR WHO MEETS
ONE OF THE FOREGOING STANDARDS IS CONSIDERED AN "ACCREDITED INVESTOR" IF HE
OR SHE ALSO MEETS AT LEAST ONE OF THE FOLLOWING CRITERIA:
A) The accredited
investor or his professional advisor can be reasonably assumed to have the
capacity to protect his own interests in connection with the transaction by
reason of his business experience or the business or financial experience of
his advisor.
B) The accredited
investor can reasonably be assumed to be capable of bearing the economic
risk and can reasonably be assumed to not require immediate liquidity
pursuant to his investment in the securities.
C) The accredited
investor can reasonably be assumed to have net worth adequate so as
investment in the securities does not exceed ten percent of the investor's
net worth.
Click
here for
General Rules and Regulations
promulgated under the Securities Act of 1933:
Regulation D
Rules Governing the Limited
Offer and Sale of Securities Without Registration
Under the Securities Act of
1933.f 1933.
By reading the above you agree to be an
accredited investor before requesting any info from one or more of
the projects listed on this site or VIA its associates.
|
.gif)
