Definition of Accredited Investor

"Accredited investors" include (a) banks, savings and loans, broker/dealers, insurance companies, registered investment companies, small business investment companies and private business development companies; (b) corporations, partnerships, tax-exempt organizations, trusts (provided that the trustee is a sophisticated investor) and employee benefit plans with more than $5,000,000 of total assets or, in the case of private employee benefit plans, which are managed by a bank, savings and loan, insurance company or registered investment advisor; (c) any other entity in which all of the equity owners are accredited investors.