Common use of Investment Experience Clause in Contracts

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Securities involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Securities and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Purchased Securities involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Purchased Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Purchased Securities and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Securities involves substantial risk. The Purchaser has experience as is an investor in securities of companies in the developmental stage and acknowledges that it is able to fend for itself, he can bear the economic risk of its his investment in the Shares and has such knowledge and experience in financial or business matters that it he is capable of evaluating the merits and risks of this its investment in the Shares Securities. The Purchaser has undertaken an independent analysis of the merits and protecting its the risks of an investment in the Securities, based on the Purchaser’s own interests in connection with this investmentfinancial circumstances.

Investment Experience. The Such Purchaser understands that the purchase of the Shares Securities involves a substantial risk. The Purchaser has experience as an investor in securities of companies risk and acknowledges that it is able to fend for itself, can bear the economic risk and complete loss of its investment in the Shares Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this the investment in the Shares and protecting its own interests in connection with this investmentcontemplated hereby.

Investment Experience. The Purchaser understands that the purchase of the Purchased Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser Buyer understands that the purchase of the Shares Stock involves substantial risk. The Purchaser Buyer: (i) has experience as an investor a purchaser in securities of companies in the development stage and acknowledges that it is able to fend for itself, he can bear the economic risk of its Buyer’s investment in the Shares Stock; and (ii) has such knowledge and experience in financial or financial, tax, and business matters that it is capable of evaluating so as to enable Buyer to evaluate the merits and risks of this an investment in the Shares and protecting its Stock, to protect Buyer’s own interests in connection with this investmentthe investment and to make an informed investment decision with respect thereto.

Investment Experience. The Such Purchaser understands that the purchase of the Shares Purchased Securities involves substantial risk. The Such Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Purchased Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Purchased Securities and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser Investor understands that the purchase of the Purchased Shares involves substantial risk. The Purchaser Investor has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser Buyer understands that the purchase of the Shares Purchased Interests involves substantial risk. The Purchaser Buyer has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Purchased Interests and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Purchased Interests and protecting its own interests in connection with this such investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Securities involves substantial risk. The Purchaser has experience as It is an investor in securities of companies in the developmental stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares and protecting its own interests in connection with this investmentSecurities. The Purchaser also represents it has not been organized for the purpose of acquiring the Securities.

Investment Experience. The Purchaser understands that the purchase acquisition of the Shares involves substantial risk. The Purchaser has experience as an investor Purchaser in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares and protecting its own interests in connection with this investment, and has so evaluated the merits and risks of such investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Securities involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Securities and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, Purchaser can bear the economic risk of its his or her investment in the Shares and has such knowledge and experience in financial or business matters that it he or she is capable of evaluating the merits and risks of this his or her investment in the Shares and protecting its own interests in connection with this investmentShares.

Investment Experience. The Purchaser understands that the purchase acquisition of the Shares Securities involves substantial risk. The Purchaser has sufficient knowledge and experience as an investor in securities of companies in the development stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Securities and of protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Shares, including a total loss of its investment, and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this an investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Units involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Securities and protecting its own interests in connection with this investment, and has so evaluated the merits and risks of such investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itselfhimself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it the Purchaser is able to fend for itself, can bear the economic risk of its the Purchaser's investment in the Shares and has such knowledge and experience in financial or business matters that it the Purchaser is capable of evaluating the merits and risks of this investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares shares of Common Stock and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares shares of Common Stock and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Purchased Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase acquisition of the Shares Warrant and shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in any of the Shares Note, Warrant and shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in any of the Shares Notes, the Warrants and the shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser Investor understands that the purchase of the Purchased Shares involves substantial risk. The Purchaser Investor has experience as an investor in securities of companies in the development stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and has such knowledge and experience in financial or business matters that it the Investor is capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Units involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Securities and protecting its own interests in connection with this investment, and has so evaluated the merits and risks of such investment.

Investment Experience. The Purchaser understands that the purchase of --------------------- the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Purchased Securities involves substantial risk. The Purchaser has experience as an investor in securities of companies similar to the Company and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Purchased Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Purchased Securities and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of --------------------- the Shares, the Warrant and the Warrant Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares, the Warrant and the Warrant Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares, the Warrant and the Warrant Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase acquisition of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Purchased Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it the Purchaser is able to fend for itself, can bear the economic risk of its investment in the Shares Purchased Shares, and has such knowledge and experience in financial or business matters that it is to be capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its the Purchaser’s own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares securities pursuant to this Agreement involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Company and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Company and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Securities involves substantial risk. The Purchaser has experience as an investor in securities of companies in the development stage and acknowledges that it the Purchaser is able to fend for itself, can bear the economic risk of its investment in the Shares Securities and has such knowledge and experience in financial or business matters that it the Purchaser is capable of evaluating the merits and risks of this investment in the Shares Securities and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Purchased Securities involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that he or it is able to fend for itself, can bear the economic risk of its investment in the Shares Purchased Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Purchased Securities and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Purchased Shares, the Warrants and the Warrant Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares, the Warrants and the Warrant Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares, the Warrants and the Warrant Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser PURCHASER understands that the purchase of the Shares involves substantial risk. The Purchaser PURCHASER has experience as an investor in securities of companies and acknowledges that it is able to fend fond for itselfhimself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it he is capable of evaluating the merits and risks of this investment in the Shares and protecting its his own interests in connection with this investment.

Investment Experience. The Purchaser Investor understands that the purchase of the Purchased Shares involves substantial risk. The Purchaser Investor has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Purchased Securities involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Purchased Securities and is presently able to afford a complete loss of such investment. The Purchaser has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Purchased Securities, and has so evaluated the merits and a risks of such investment and protecting its own interests in connection with this investment.

Investment Experience. The Such Purchaser understands that the purchase of the Shares Purchased Shares, involves substantial risk. The Such Purchaser has experience as an investor in securities of companies and acknowledges that (i) it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and can bear the risk of holding the Purchased Shares for an indefinite period of time and (ii) it has such knowledge knowledge, sophistication and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its own interests in connection with this investment.

Investment Experience. The Such Purchaser understands that the purchase of the Purchased Shares involves substantial risk. The Such Purchaser has experience as an investor in securities of companies and acknowledges that it such Purchaser is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and has such knowledge and experience in financial or business matters that it is to be capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its such Purchaser’s own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase acquisition of the Shares Securities involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares Securities and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase acquisition of the Shares involves substantial risk. The Purchaser has experience as an investor a Purchaser in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Purchased Shares and the Warrant involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and the Warrants and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares and the Warrants and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it he is able to fend for itself, can bear the economic risk of its his investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares and protecting its his own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase acquisition of the Shares Securities involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Securities involves substantial risk. The Purchaser has experience as is an investor in securities of companies in the developmental stage and acknowledges that it is able to fend for itself, he can bear the economic risk of its his investment in the Shares and has such knowledge and experience in financial or business matters that it he is capable of evaluating the merits and risks of this its investment in the Shares Securities. The Purchaser has undertaken an independent analysis of the merits and protecting its the risks of an investment in the Securities, based on the Purchaser's own interests in connection with this investmentfinancial circumstances.

Investment Experience. The Purchaser Buyer understands that the purchase of the Shares Securities involves substantial risk. The Purchaser Buyer has experience as an investor investors in securities of companies in the development stage and acknowledges that it Buyer is able to fend for itself, can bear the economic risk of its investment in the Shares Securities and has such knowledge and experience in financial or business matters that it Buyer is capable of evaluating the merits and risks of this investment in the Shares Securities and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares and Warrant involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and the Warrant and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares and the Warrant and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser PURCHASER understands that the purchase of the Shares involves substantial risk. The Purchaser PURCHASER has experience as an investor in securities of companies and acknowledges that it is able to fend for itselfhimself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it he is capable of evaluating the merits and risks of this investment in the Shares and protecting its his own interests in connection with this investment.

Investment Experience. The Such Purchaser understands that the purchase of the Shares Purchased Shares, involves substantial risk. The Such Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its own interests in connection with this investment.

Investment Experience. The Such Purchaser understands that the purchase of the Shares Purchased Securities involves substantial risk. The Such Purchaser has experience as an investor in securities of companies and acknowledges that it such Purchaser is able to fend for itself, can bear the economic risk of its investment in the Shares Purchased Securities and has such knowledge and experience in financial or business matters that it is to be capable of evaluating the merits and risks of this investment in the Shares Purchased Securities and protecting its such Purchaser's own interests in connection with this investment.

Investment Experience. The Purchaser Buyer understands that the purchase acquisition of the Shares involves substantial risk. The Purchaser Buyer has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it the Purchaser is able to fend for itself, can bear the economic risk of its the Purchaser’s investment in the Shares Shares, including a complete loss of the investment, and has such knowledge and experience in financial or business matters that it the Purchaser is capable of evaluating the merits and risks of this investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase --------------------- acquisition of the Notes, the Warrants and the Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in any of the Notes, the Warrants and the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in any of the Notes, the Warrants and the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Securities involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, or he can bear the economic risk of its investment in the Shares Securities and has such knowledge and experience in financial or business matters that it or he is capable of evaluating the merits and risks of this investment in the Shares Securities and protecting its or his own interests in connection with this investment, and has so evaluated the merits and risks of such investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Securities involves substantial risk. The Purchaser has experience as It is an investor in securities of companies in the developmental stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares Securities. If other than an individual, Purchaser also represents it has not been organized for the purpose of acquiring the Securities. The Purchaser has undertaken an independent analysis of the merits and protecting its the risks of an investment in the Securities, based on the Purchaser’s own interests in connection with this investmentfinancial circumstances.

Investment Experience. The Purchaser Such Investor understands that the purchase of the Purchased Shares involves substantial risk. The Purchaser has experience as It is an investor in securities of companies in the developmental stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares and protecting its own interests in connection with this investmentPurchased Shares. If other than an individual, such Investor also represents it has not been organized for the purpose of acquiring the Purchased Shares.

Investment Experience. The Purchaser understands that the --------------------- purchase of the Shares Stock involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it the Purchaser is able to fend for itself, can bear the economic risk of his or its investment in the Shares Stock and has such knowledge and experience in financial or business matters that it the Purchaser is capable of evaluating the merits and risks of this investment in the Shares Stock and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser (i) has experience as an investor in securities of companies and in the development stage, (ii) acknowledges that it Purchaser is able to fend for itself, (iii) can bear the economic risk of its Purchaser’s investment in the Shares and (iv) has such knowledge and experience in financial or business matters that it Purchaser is capable of evaluating the merits and risks of this investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase acquisition of the Shares and the Warrant Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser Investor understands that the purchase of the Purchased Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and Investor acknowledges that it he is able to fend for itselfhimself, can bear the economic risk of its his investment in the Purchased Shares and has such knowledge and experience in financial or and business matters that it he is capable of evaluating the merits and risks of this his investment in the Purchased Shares and protecting its his own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares, the Warrant and the Warrant Shares involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares, the Warrant and the Warrant Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares, the Warrant and the Warrant Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares Purchased Securities involves substantial risk. The Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Purchased Securities is able to afford a complete loss of its investment and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Shares Purchased Securities and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser Investor understands that the purchase of the Purchased Shares and the Warrant involves substantial risk. The Purchaser Investor has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and the Warrant and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares and the Warrant and protecting its own interests in connection with this investment.

Investment Experience. The Such Purchaser understands that the purchase of the Purchased Shares involves substantial risk. The Such Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser Investor understands that the purchase acquisition of the Purchased Shares and the Warrants involves substantial risk. The Purchaser Investor has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and the Warrants and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares and the Warrants and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser Such Investor understands that the purchase of the Purchased Shares involves substantial risk. The Purchaser Such Investor has experience as an investor in securities of companies like the Company and acknowledges that it the Investor is able to fend for itself, can bear the economic risk of its such Investor’s investment in the Purchased Shares and has such knowledge and experience in financial or business matters that it such Investor is capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its own interests in connection with this investment.

Investment Experience. The Purchaser understands that the purchase of the Shares involves substantial risk. The Purchaser has experience as an investor a purchaser in securities of companies with working capital liquidity issues and a thin or inactive trading market, and acknowledges that it the Purchaser is able to fend for itself, can bear the economic risk of its investment in the Shares Shares, and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Such Purchaser understands that the purchase of the Shares involves substantial risk. The Such Purchaser has experience as an investor in securities of companies and acknowledges that it such Purchaser is able to fend for itself, can bear the economic risk of its such Purchaser’s investment in the Shares Shares, including a complete loss of the investment, and has such knowledge and experience in financial or business matters that it the Purchaser is capable of evaluating the merits and risks of this investment in the Shares and protecting its own interests in connection with this investment.

Investment Experience. The Such Purchaser understands that the purchase of the Shares Purchased Securities involves substantial risk. The Such Purchaser has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares Purchased Securities and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares Purchased Securities and protecting its own interests in connection with this investment.

Investment Experience. The Each Purchaser understands that the purchase of the Shares Securities involves substantial risk. The Purchaser has experience as It is an investor in securities of companies in the developmental stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this its investment in the Shares and protecting its own interests in connection with this investmentSecurities. Each Purchaser also represents it has not been organized for the purpose of acquiring the Securities.

Investment Experience. The Purchaser Investor understands that the purchase of --------------------- the Purchased Shares involves substantial risk. The Purchaser Investor has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the Purchased Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the Purchased Shares and protecting its own interests in connection with this investment.

Investment Experience. The Such Purchaser understands that the purchase of the Shares Securities involves substantial risk, particularly given the limited financial and operating history of the Company. The Such Purchaser has experience as an investor in securities of companies in the development stage and acknowledges that it such Purchaser is able to fend for itself, can bear the economic risk of its such Purchaser’s investment in the Shares Securities and has such knowledge and experience in financial or business matters that it such Purchaser is capable of evaluating the merits and risks of this investment in the Shares Securities and protecting its own interests in connection with this investment.