Common use of Experience and Knowledge Clause in Contracts

Experience and Knowledge. The Stockholder: (a) has sufficient knowledge and experience in business and financial matters and with respect to investment in restricted securities so as to enable it to analyze and evaluate the merits and risks of the investment contemplated hereby; (b) is able to bear the economic risk of such investment; and (c) is an “Accredited Investor” as defined in Rule 501(a) of Regulation D under the Act. The Stockholder is aware of Xxxxxxxx’x business affairs and condition and has acquired sufficient information about Xxxxxxxx to reach an informed and knowledgeable decision to acquire shares of Xxxxxxxx Preferred.

Experience and Knowledge. The Stockholder: (a) has sufficient knowledge and experience in business and financial matters and with respect to investment in restricted securities so as to enable it to analyze and evaluate the merits and risks of the investment contemplated hereby; (b) is able to bear the economic risk of such investment; and (c) is an “Accredited Investor” as defined in Rule 501(a) of Regulation D under the Act. The Stockholder is aware of Xxxxxxxx’x business affairs and condition and has acquired sufficient information about Xxxxxxxx to reach an informed and knowledgeable decision to acquire shares of Xxxxxxxx Preferred. Stockholder acknowledges that it has read and understands the relative rights and preferences and other terms of the Xxxxxxxx Preferred as set forth in the Certificate of Designations relating thereto.