Common use of Membership Interest in Restricted Security Clause in Contracts

Membership Interest in Restricted Security. Such Member understands that the Membership Interest is a "restricted security" under the Securities Act in that the Membership Interest will be acquired from the Company in a transaction not involving a public offering, and that the Membership Interest may be resold without registration under the Securities Act only in certain limited circumstances and that otherwise the Membership Interest must be held indefinitely. In this connection, such Member understands the resale limitations imposed by the Securities Act and is familiar with Rule 144 thereunder, as presently in effect, and the conditions which must be met in order for Rule 144 to be available for resale of "restricted securities".

Membership Interest in Restricted Security. Such Member understands that the Membership Interest is a "restricted security" under the Securities Act in that the Membership Interest will be acquired from the Company in a transaction not involving a public offering, and that the Membership Interest may be resold without registration under the Securities Act only in certain limited circumstances and that otherwise the Membership Interest must be held indefinitely. In this connection, such Member understands the resale limitations imposed by the Securities Act and is familiar with SEC Rule 144 thereunder144, as presently in effect, and the conditions which must be met in order for such SEC Rule 144 to be available for resale of "restricted securities".

Membership Interest in Restricted Security. Such Member understands that the Membership Interest is a "“restricted security" ” under the Securities Act in that the Membership Interest will be acquired from the Company in a transaction not involving a public offering, and that the Membership Interest may be resold without registration under the Securities Act only in certain limited circumstances and that otherwise the Membership Interest must be held indefinitely. In this connection, such Member understands the resale limitations imposed by the Securities Act and is familiar with Securities and Exchange Commission Rule 144 thereunder(“SEC Rule”) 144, as presently in effect, and the conditions which must be met in order for that Rule 144 to be available for resale of "“restricted securities".”

Membership Interest in Restricted Security. Such Member understands that the Membership Interest is a "“restricted security" ” under the Securities Act in that the Membership Interest will be acquired from the Company in a transaction not involving a public offering, and that the Membership Interest may be resold without registration under the Securities Act only in certain limited circumstances and that otherwise the Membership Interest must be held indefinitely. In this connection, such Member understands the resale limitations imposed by the Securities Act and is familiar with SEC Rule 144 thereunder144, as presently in effect, and the conditions which must be met in order for such SEC Rule 144 to be available for resale of "“restricted securities"”.