Common use of Accredited and Sophisticated Investor Clause in Contracts

Accredited and Sophisticated Investor. (i) The Subscriber is familiar with the term "accredited investor" as defined in Regulation D promulgated under the Securities Act and is an "accredited investor" within the meaning of such term in Regulation D. (ii) The Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Units. (iii) The Subscriber is able to bear the economic risk of his investment in the Units for an indefinite period of time because none of the Units have been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available.

Accredited and Sophisticated Investor. (i) The Subscriber is familiar with the term "accredited investor" as defined in Regulation D promulgated under the Securities Act and is an "accredited investor" within the meaning of such term in Regulation D. (ii) The Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the UnitsShares. (iii) The Subscriber is able to bear the economic risk of his investment in the Units Shares for an indefinite period of time because none of the Units Shares have been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available.

Accredited and Sophisticated Investor. (i) The Subscriber is familiar with the term "accredited investor" as defined in Regulation D promulgated under the Securities Act and is an "accredited investor" within the meaning of such term in Regulation D. (ii) D. The Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Units. (iii) Shares. The Subscriber is able to bear the economic risk of his investment in the Units Shares for an indefinite period of time because none of the Units Shares have been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available.

Accredited and Sophisticated Investor. (i) The Subscriber is familiar with the term "accredited investor" as defined in Regulation D promulgated under the Securities Act and is an "accredited investor" within the meaning of such term in Regulation D. (ii) The Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the UnitsCommon Stock. (iii) The Subscriber is able to bear the economic risk of his investment in the Units Common Stock for an indefinite period of time because none of the Units Common Stock have been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available.

Accredited and Sophisticated Investor. (i) The Subscriber is familiar with the term "accredited investor" as defined in Regulation D promulgated under the Securities Act and is an "accredited investor" within the meaning of such term as defined in Regulation D. (ii) The Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the UnitsShares. (iii) The Subscriber is able to bear the economic risk of his investment in the Units Shares for an indefinite period of time because time, and acknowledges that none of the Units Shares have been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available.. Regulation S Subscription Agreement 2

Accredited and Sophisticated Investor. (i) The Subscriber is familiar with the term "accredited investor" as defined in Regulation D promulgated under the Securities Act and is an "accredited investor" within the meaning of such term in Regulation D. (ii) The Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the UnitsSecurities. (iii) The Subscriber is able to bear the economic risk of his investment in the Units Securities for an indefinite period of time because none of the Units Securities have been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available.

Accredited and Sophisticated Investor. (i) The Subscriber is familiar with the term "accredited investor" as defined in Regulation D promulgated under the Securities Act and is an "accredited investor" within the meaning of such term as defined in Regulation D. (ii) The Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the UnitsShares. (iii) The Subscriber is able to bear the economic risk of his investment in the Units Shares for an indefinite period of time because time, and acknowledges that none of the Units Shares have been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available.

Accredited and Sophisticated Investor. (i) The Subscriber Purchaser is familiar with the term "“accredited investor" ” as defined in Regulation D promulgated under the Securities Act and is an "“accredited investor" ” within the meaning of such term in Regulation D. (ii) The Subscriber Purchaser is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the UnitsShares. (iii) The Subscriber Purchaser is able to bear the economic risk of his investment in the Units Shares for an indefinite period of time because none of the Units Shares have been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available.