Accredited Investor — Individuals. I am an INDIVIDUAL and:
Accredited Investor — Individuals. I am an INDIVIDUAL and: ¨ 1. I have a net worth, or a joint net worth together with my spouse, in excess of $1,000,000. [In calculating your net worth, you may include equity in personal property, real estate (other than your primary residence), cash, short term investments, stock and securities, which equity should be based on the fair market value of such property minus debt secured by such property. You must exclude the value of your primary residence in the calculation, but you may exclude the balance of any mortgage or other indebtedness secured by your primary residence in an aggregate amount up to the estimated fair market value of your primary residence, except if the borrowing occurs in the 60 days prior to the time of the sale of securities and is not in connection with the acquisition of your primary residence.] ¨ 2. I had an individual income in excess of $200,000 in each of the prior two years and reasonably expect an income in excess of $200,000 in the current year.
