Common use of DEVELOPMENT STAGE COMPANY Clause in Contracts

DEVELOPMENT STAGE COMPANY. The Investor recognizes the Company is a development stage Company, that it has an accumulated deficit and a working capital deficit, has not generated any revenue from operations and is not expected to generate any revenue from operations for some time and perhaps for years, and that proposed development expenditures are expected to result in substantial and increasing losses over at least the next one or more years, and possibly much longer. Investment in the Company involves substantial risk, and the Investor can afford the complete loss of its investment. The Investor has taken full cognizance of and understands all of the risk factors related to the receipt of the Common Stock.

DEVELOPMENT STAGE COMPANY. The Investor recognizes Investors recognize the Company is a development stage Company, that it has an accumulated deficit and a working capital deficit, has not generated any revenue from operations and is not expected to generate any revenue from operations for some time and perhaps for years, and that proposed development expenditures are expected to result in substantial and increasing losses over at least the next one or more years, and possibly much longer. Investment in the Company involves substantial risk, and the Investor can afford the complete loss of its investment. The Investor has Investors have taken full cognizance of and understands all of the risk factors related to the receipt of the Common Stock.