*A "Non-Professional Subscriber" is a natural person who is neither:
(a) registered or qualified in any capacity with the SEC, the commodities Futures Trading Commission, any state security agency, any securities exchange or association, or any commodities or futures contact market or associations;
(b) engaged as an "investment adviser" as that term is defined in Section 201(11) of the Investment Advisors Act of 1940 (whether or not registered or qualified under that Act); nor
(c) employed by a bank or other organization exempt from registration under federal or state securities laws to perform functions that would require registration or qualification if such functions were performed for an organization not so exempt.
**A "Professional Subscriber" is a person or an organization that does not meet all "Non-Professional Subscriber" criteria.
