 What is the first subsection of Rule 501(a) of Regulation D?
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 .
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