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      Accredited Investor: A person with an annual income exceeding $200,000 ($300,000 for joint income) for the last two years, expecting to earn the same or a higher income in the current year or a net worth of $1,000,000, excluding the primary residence.

      Sophisticated investor: An individual or entity with advanced knowledge, experience, and understanding of investment markets, enabling them to assess and make informed decisions regarding complex investment opportunities.