Common use of Holding of Purchased Shares and Note Clause in Contracts

Holding of Purchased Shares and Note. Purchaser must bear the economic risk of his investment in the Purchased Shares and Note for an indefinite period of time because the Purchased Shares and Note have not been registered under the Securities Act of 1933, as amended (the "1933 Act"), in reliance upon an exemption from such registration requirements set forth in Rule 506 of Regulation D promulgated under the 1933 Act ("Regulation D") and, therefore, cannot be sold unless they are subsequently registered under the 1933 Act or an exemption from such registration is available. Purchaser acknowledges that the Company will make a notation in its transfer records and on the certificate representing the Purchased Shares and Note regarding said restrictions on transfer of the Purchased Shares and Note and that the Purchased Shares and Note may not be sold without registration under the 1933 Act or exemption therefrom.

Holding of Purchased Shares and Note. Purchaser must bear the economic risk of his its investment in the Purchased Shares and Note for an indefinite period of time because the Purchased Shares and Note have not been registered under the Securities Act of 1933, as amended (the "1933 Act"), in reliance upon an exemption from such registration requirements set forth in Rule 506 of Regulation D promulgated under the 1933 Act ("Regulation D") and, therefore, cannot be sold unless they are subsequently registered under the 1933 Act or an exemption from such registration is available. Purchaser acknowledges that the Company will make a notation in its transfer records and on the certificate representing the Purchased Shares and Note regarding said restrictions on transfer of the Purchased Shares and Note and that the Purchased Shares and Note may not be sold without registration under the 1933 Act or exemption therefrom.