Accredited Investor:  Individual accredited investors must satisfy one of the following standards: (a) have a combined net worth with their spouse in excess of $1,000,000; (b) have individual income for the past two years and a reasonable expectation of income for the current year in excess of $200,000, (c) have joint income with their spouse in excess of $300,000 for the past two years and a reasonable expectation of such income for the current year; or (d) be a director or executive officer of the company.  Accredited investors also include banks, savings and loan associations, brokers, dealers, insurance companies, and other institutions.  Under some circumstances, accredited investors may engage in securities purchases exempted from registration requirements.