Common use of Excluded Person Clause in Contracts

Excluded Person. Neither the Purchaser nor, if applicable, any beneficial owner of the Purchaser appears on the Specially Designated Nationals and Blocked Persons List of the Office of Foreign Assets Control of the United States Department of Treasury (“OFAC”). The Purchaser further represents that the monies used to fund the Purchaser’s investment in the Com- pany are, to the knowledge of the Purchaser, not derived from, invested for the benefit of, or re- lated in any way to, governments of, or persons within, any country (a) under the U.S. Embargo enforced by OFAC, (b) that has been designated as a “non-cooperative country or territory” by the Financial Action Task Force on Money Laundering, or (c) that has been designated by the U.S. Secretary of the Treasury as a “primary money laundering concern.” The Purchaser further represents that the Purchaser does not know or have any reason to suspect that (y) the monies used to fund the Purchaser’s investment in the Company have been derived from or related to any illegal activities, including, but not limited to, money laundering activities, and (z) the proceeds of the Purchaser’s investments in the Company will be used to finance any illegal activities. The Purchaser further acknowledges it is not subject to any of the “bad actor” disqualifications de- scribed in Rule 506(d)(1)(i) through (viii) under the Securities Act.

Excluded Person. Neither the Purchaser nor, if applicable, any beneficial owner of the Purchaser appears on the Specially Designated Nationals and Blocked Persons List of the Office of Foreign Assets Control of the United States Department of Treasury (“OFAC”). The Purchaser further represents that the monies used to fund the Purchaser’s investment in the Com- pany Company are, to the knowledge of the Purchaser, not derived from, invested for the benefit of, or re- lated related in any way to, governments of, or persons within, any country (a) under the U.S. Embargo enforced by OFAC, (b) that has been designated as a “non-cooperative country or territory” by the Financial Action Task Force on Money Laundering, or (c) that has been designated by the U.S. Secretary of the Treasury as a “primary money laundering concern.” The Purchaser further represents that the Purchaser does not know or have any reason to suspect that (y) the monies used to fund the Purchaser’s investment in the Company have been derived from or related to any illegal activities, including, but not limited to, money laundering activities, and (z) the proceeds of the Purchaser’s investments in the Company will be used to finance any illegal activities. The Purchaser further acknowledges it is not subject to any of the “bad actor” disqualifications de- scribed described in Rule 506(d)(1)(i) through (viii) under the Securities Act.