Common use of Private Purchaser Clause in Contracts

Private Purchaser. (i) has a pre-existing personal or business relationship with Accesspoint, its officers, directors or its Affiliates or representatives, AND (ii) meets those certain standards involving Private Purchaser's minimum net worth and annual income as established by the California Commissioner of Corporations relating to Private Purchaser's income and net worth, or is an Accredited Investor as defined in rule 501 (a) of Regulation D as promulgated by the Securities and Exchange Commission. The foregoing income and net worth is considered to be indicative of Private Purchaser's ability to be sophisticated regarding the proposed purchase of shares.

Private Purchaser. (i) has a pre-existing personal or business relationship with Accesspoint, its officers, directors or its Affiliates or representatives, AND and (ii) meets those certain standards involving Private Purchaser's minimum net --- worth and annual income as established by the California Commissioner of Corporations relating to Private Purchaser's income and net worth, or is an Accredited Investor as defined in rule 501 (a) of Regulation D as promulgated by the Securities and Exchange Commission. The foregoing income and net worth is considered to be indicative of Private Purchaser's ability to be sophisticated regarding the proposed purchase of shares.