INITIAL HOLDER REPRESENTATIONS, WARRANTIES AND AGREEMENTS. Each Initial Holder represents and warrants to, and agrees with the Company that (a) Warrant Agreement ----------------- such Initial Holder is purchasing for its own account, and not with a view to the resale or distribution of such Warrants or the Warrant Stock or any part thereof, and such Initial Holder is prepared to bear the economic risk of retaining such Warrants and the Warrant Stock for an indefinite period, all without prejudice, however, to the right of such Initial Holder at any time, in accordance with this Agreement, lawfully to sell or otherwise to dispose of all or any part of such Warrants or the Warrant Stock held by it, (b) such Initial Holder is an "accredited investor" (as defined in Rule 501 of Regulation D promulgated under the Securities Act), (c) such Initial Holder is experienced in evaluating and investing in securities, and understands that the Warrants and the Warrant Stock will be restricted securities, and that a legend to that effect shall be placed on the Restricted Securities, and no public market shall exist for the disposition or transfer of such Restricted Securities, and (d) the acquisition, holding and any transfer of any Restricted Securities by an Initial Holder shall be in compliance with all laws applicable to such Initial Holder.
INITIAL HOLDER REPRESENTATIONS, WARRANTIES AND AGREEMENTS. Purchaser represents and warrants to, and agrees with the Company that:
