The Purchaser is and will be on the Closing Date either (a) an institutional “accredited investor” as such term is defined in Rule 501(a) of Regulation D and as contemplated by subsections (1), (2), (3) and (7) of Rule 501(a) of Regulation D, and has no less than $5,000,000 in total assets, or (b) a natural person who is an “accredited investor” as such term is defined in Rule 501(a) of Regulation D and as contemplated by subsections (5) and (6) of Rule 501(a) of Regulation D .
institutional accredited investor