Common use of Accredited Investors; Economic Risk; Sophistication Clause in Contracts

Accredited Investors; Economic Risk; Sophistication. Except as disclosed on Schedule 16.2, each STOCKHOLDER represents and warrants that such STOCKHOLDER is an "accredited investor," as that term is defined in Regulation D promulgated by the SEC under the 1933 Act. The STOCKHOLDERS are able to bear the economic risk of an investment in the URSI Stock acquired pursuant to this Agreement and can afford to sustain a total loss of such investment and have such knowledge and experience in financial and business matters that they are capable of evaluating the merits and risks of the proposed investment in the URSI Stock. The STOCKHOLDERS or their respective purchaser representatives have had an adequate opportunity to ask questions and receive answers from the officers of URSI concerning any and all matters relating to the transactions described herein including, without limitation, the background and experience of the current and proposed officers and directors of URSI, the plans for the operations of the business of URSI, the business, operations and financial condition of the Founding Companies other than the COMPANY, and any plans for additional acquisitions and the like.