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The federal securities laws define the term "accredited investor" in Rule 501 of Regulation D, in part, as: "a natural person who has individual net worth, or joint net worth with the person's spouse, that exceeds $1 million at the time of the purchase [of securities], excluding the value of the primary residence of such person, or a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year." Consult your advisors to determine your status as an accredited investor.
Each Member must be an "accredited investor" within the meaning of Regulation D of the Securities and Exchange Commission. Each "Orange Member" must subscribe for a minimum number of Units representing an initial Capital Contribution of at least $100,000. Each "Power Member" must subscribe for a minimum number of Units representing an initial Capital Contribution of at least $10,000.
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