ZimTech International is planning a private offering and is planning to execute its offering under Rule 506(b) of Regulation D. ZimTech has identified 45 potential investors to participate in the offering.

With respect to the number of potential investors, which of the following is the best answer?

a) If ZimTech allows all 45 investors to participate in the offering, ZimTech will exceed the number of investors allowed under Rule 506(b) IF these investors are neither accredited nor have the requisite investment knowledge and experience in financial and business matters as required under Regulation D's Rule 506(b)(2)(ii).

b) If all 45 of the potential investors are Accredited investors, then ZimTech could potentially add an additional 35 purchasers provided these purchasers have the requisite investment knowledge and experience in financial and business matters as required under Regulation D's Rule 506(b)(2)(ii)) to participate in the offering.

c) Both a and b are accurate statements.

d) Neither a and b are accurate statements.