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

Accredited Investors; Economic Risk; Sophistication. Except as --------------------------------------------------- disclosed in 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 HDS 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 HDS Stock. The STOCKHOLDERS or their respective purchaser representatives have received all information they deemed material and had an adequate opportunity to ask questions and receive answers from the officers of HDS 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 HDS, the plans for the operations of the business of HDS, the business, operations and financial condition of the Founding Companies other than the COMPANY, and any plans for additional acquisitions and the like. All STOCKHOLDERS who are not "accredited investors" have been represented by qualified purchaser representatives.

Accredited Investors; Economic Risk; Sophistication. Except as --------------------------------------------------- disclosed in Schedule 16.216.3, 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 HDS 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 HDS Stock. The STOCKHOLDERS or their respective purchaser representatives have received all information they deemed material and had an adequate opportunity to ask questions and receive answers from the officers of HDS 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 HDS, the plans for the operations of the business of HDS, the business, operations and financial condition of the Founding Companies other than the COMPANY, and any plans for additional acquisitions and the like. All STOCKHOLDERS who are not "accredited investors" have been represented by qualified purchaser representatives.

Accredited Investors; Economic Risk; Sophistication. Except as disclosed --------------------------------------------------- disclosed in 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 HDS 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 HDS Stock. The STOCKHOLDERS or their respective purchaser representatives have received all information they deemed material and had an adequate opportunity to ask questions and receive answers from the officers of HDS 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 HDS, the plans for the operations of the business of HDS, the business, operations and financial condition of the Founding Companies other than the COMPANY, and any plans for additional acquisitions and the like. All STOCKHOLDERS who are not "accredited investors" have been represented by qualified purchaser representativessuch knowledge and experience in financial and business matters that they are capable of evaluating the merits and risks of the investment in HDS Stock acquired pursuant to this Agreement.

Accredited Investors; Economic Risk; Sophistication. Except as --------------------------------------------------- disclosed in 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 Each STOCKHOLDER is able to bear the economic risk of an investment in the HDS Stock acquired pursuant to under this Agreement and Agreement, can afford to sustain a total loss of such investment investment, and have has such knowledge and experience in financial and business matters that they are he or she is capable of evaluating the merits and risks of the proposed investment in the HDS Stock. The STOCKHOLDERS Each STOCKHOLDER, or their his or her respective purchaser representatives have representative, has received all information they deemed material and had an adequate opportunity to ask questions and receive answers from the officers of HDS concerning any and all matters relating to the transactions described herein including, without limitation, including the background and experience of the current and proposed officers and directors of HDS, the plans for the operations of the business of HDS, the business, operations and financial condition of the Founding Companies other than the COMPANY, and any plans for additional acquisitions and the like. All STOCKHOLDERS who are not "accredited investors" have been represented by qualified purchaser representativesacquisitions.