Common use of Experience of Investor Clause in Contracts

Experience of Investor. Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with its representatives, has such knowledge, sophistication sophistication, and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, representatives has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Such Investor is able to understands that it must bear the economic risk of an this investment in the Securities andindefinitely, at the present time, and is able to bear such risk and is able to afford a complete loss of such investment.

Experience of Investor. Each Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Such Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Such Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesExchange Shares, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Such Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. Such Investor is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Equity Securities, and has so evaluated the merits and risks of such investment. The Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, representatives has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesCommon Shares, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities and, at the present time, Common Shares and is able to afford a complete loss of such investment.

Experience of Investor. Such Investor, either alone or together with his, her or its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of entering into this Agreement and of the prospective investment in the Securities, Common Shares and has so evaluated the merits and risks of such investment. Such Investor is able to understands that he, she or it must bear the economic risk of an this investment in the Securities and, at the present time, Common Shares indefinitely and is able to bear such risk and is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with its representatives, has such knowledge, sophistication sophistication, and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesCommon Shares, and has so evaluated the merits and risks of such investment. The Investor is able to bear the economic risk of an investment in the Securities Common Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Such Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares or the Warrants, as applicable, and has so evaluated the merits and risks of such investment. Such Investor is able to understands that it must bear the economic risk of an this investment in the Securities andShares or the Warrants, at the present timeas applicable, indefinitely, and is able to bear such risk and is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesNote, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities Note and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Investor is able understands that it may be required to bear the economic risk of an its investment in the Securities andindefinitely, at the present time, and is able to bear such risk and is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, (a) has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and (b) has so evaluated the merits and risks of such investmentinvestment and (c) based thereon and on its own knowledge, has formed an independent judgment concerning the advisability of the Transactions. Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, Such Investor has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesUnits, and has so evaluated the merits and risks of such investment. Such Investor is able to bear the economic risk of an investment in the Securities Units and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesPurchased Shares, and has so evaluated the merits and risks of such investment. Investor is able understands that it may be required to bear the economic risk of an its investment in the Securities andPurchased Shares indefinitely, at the present time, and is able to bear such risk and is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Investor is able to understands that it must bear the economic risk of an this investment in the Securities andindefinitely, at the present time, and is able to bear such risk and is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesNote, Common Stock and Conversion Shares, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities Note, Common Stock and Conversion Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its ---------------------- representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesSeries B Shares, and has so evaluated the merits and risks of such investment. The Investor is able to bear the economic risk of an investment in the Securities Series B Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesPurchased Shares and the Top-Up Shares, and has so evaluated the merits and risks of such investment. The Investor is able to understands that it must bear the economic risk of an this investment in the Securities andPurchased Shares and the Top-Up Shares indefinitely, at the present time, and is able to bear such risk and is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesPreferred Shares, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities Preferred Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesCommon Shares, and has so evaluated the merits and risks of such investment. Investor is able to understands that it must bear the economic risk of an this investment in the Securities andCommon Shares indefinitely, at the present time, and is able to bear such risk and is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with its representativesRepresentatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with his or its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Such Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesNotes and the Conversion Shares, and has so evaluated the merits and risks of such investment. The Investor is able to bear the economic risk of an investment in the Securities Notes and Conversion Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesPurchase Shares, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities Purchase Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesPurchased Shares and the Top-Up Shares, and has so evaluated the merits and risks of such investment. The Investor is able to understands that it must bear the economic risk of an this investment in the Securities andPurchased Shares and the the Top-Up Shares indefinitely, at the present time, and is able to bear such risk and is able to afford a complete loss of such investment.

Experience of Investor. The Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesNote, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities Note and, at the present time, is able to afford a complete loss of such investment. Investor represents and warrants that Investor has only relied on information set forth in the SEC Documents and this Agreement in connection with Investor's investment in the Note.

Experience of Investor. Investor, The Investor either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating and assessing the merits and risks of the prospective investment in the SecuritiesSubscribed for Units, and has so evaluated the merits and risks of such investment. Investor is able investment and has determined that the Subscribed for Units are suitable to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investmentfor him.

Experience of Investor. Such Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Such Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Such Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its his representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesWarrant Shares, and has so evaluated the merits and risks of such investment. Investor is able investment to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investmenthis satisfaction.

Experience of Investor. The Investor, either alone or together with its the Investor's representatives, has such knowledge, sophistication and experience in business business, investment and financial matters matters, and has such knowledge, sophistication and experience in evaluating and investing in common stocks and other securities based on actual participation in business, investment and financial matters, so as to be capable of evaluating the merits and risks of the prospective an investment in the SecuritiesShares to be acquired by the Investor hereunder, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of Investor. Investor, either alone or together with its representatives, representatives has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesCommon Shares, Warrant and Warrant Shares, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Securities andCommon Shares, at the present time, Warrant and Warrant Shares and is able to afford a complete loss of such investment.