Common use of ABLE TO BEAR RISK; SOPHISTICATED AND ACCREDITED INVESTORS; INFORMATION Clause in Contracts

ABLE TO BEAR RISK; SOPHISTICATED AND ACCREDITED INVESTORS; INFORMATION. Each of the Stockholders represent and warrant that he/she are able to bear the economic risk of an investment in Parent Stock acquired pursuant to this Agreement and can afford to sustain a total loss of such investment. Each of the Stockholders further represent and warrant that he/she (i) is an "accredited investor" within the meaning of Regulation D under the Act; (ii) fully understands the nature, scope and duration of the limitations on transfer contained in this Agreement, (iii) have received a copy of the Company's information statement dated within five (5) business days of the date of this Agreement (the "Information Statement"); and (iv) have such knowledge and experience in financial and business matters that he or she is capable of evaluating the merits and risks of the proposed investment and therefore has the capacity to protect his or her own interests in connection with the acquisition of the Parent Stock. The Stockholders represent and warrant that they have had an adequate opportunity to ask questions and receive answers from the officers of the Parent concerning any and all matters relating to the acquisition of Parent Stock as contemplated by this Agreement including, without limitation, the background and experience of the officers and directors of the Parent, the plans for the operations of the business of the Parent and its affiliates and information disclosed in the Information Statement. The Stockholders have asked any and all questions in the nature described in the preceding sentence and all questions have been answered to his satisfaction.

ABLE TO BEAR RISK; SOPHISTICATED AND ACCREDITED INVESTORS; INFORMATION. Each of the Stockholders represent and warrant that he/she are able to bear the economic risk of an investment in Parent Stock acquired pursuant to this Agreement and can afford to sustain a total loss of such investment. Each of the Stockholders further represent and warrant represents that he/she (i) is an "accredited investor" within the meaning of Regulation D under of Rule 504 of the Act; . Each of the Stockholders further represent and warrant that he/she (iii) fully understands the nature, scope and duration of the limitations on transfer contained in this Agreement, (iiiii) have received a copy of the Company's information statement dated within five November 30, 1999 and supplement dated December 8, 1999 (5) business days of the date of this Agreement (collectively, the "Information Statement"); and (iviii) have such knowledge and experience in financial and business matters that he or she is capable of evaluating the merits and risks of the proposed investment and therefore has the capacity to protect his or her own interests in connection with the acquisition of the Parent Stock. The Stockholders represent and warrant that they have had an adequate opportunity to ask questions and receive answers from the officers of the Parent concerning any and all matters relating to the acquisition of Parent Stock as contemplated by this Agreement including, without limitation, the background and experience of the officers and directors of the Parent, the plans for the operations of the business of the Parent and its affiliates and information disclosed in the Information Statement. The Stockholders have asked any and all questions in the nature described in the preceding sentence and all questions have been answered to his satisfaction.