"An Accredited Investor" means:

1. An individual who, either alone or with a spouse beneficially owns, directly or indirectly, financial assets having an aggregate realizable value that before taxes, but net of any related liabilities, exceeds $1,000,000.
   
   
2. An individual whose net income before taxes exceeded $200 000 in each of the 2 most recent calendar years and whose net income before taxes combined with that of a spouse exceeded $300 000 in each of the 2 most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year,
   
   
3. An individual who, either alone or with a spouse, has net assets of at least $5,000,000,
   
   
4. A person, other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements.