Common use of Purchaser Bears Economic Risk Clause in Contracts

Purchaser Bears Economic Risk. The Purchaser has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. The Purchaser must bear the economic risk of this investment indefinitely unless the Shares (or the Conversion Shares) are registered pursuant to the Securities Act, or an exemption from registration is available. The Purchaser understands that the Company has no present intention of registering the Shares or the Conversion Shares. The Purchaser also understands that there is no assurance that any exemption from registration under the Securities Act will be available and that, even if available, such exemption may not allow the Purchaser to transfer all or any portion of the Shares or the Conversion Shares under the circumstances, in the amounts or at the times the Purchaser might propose.

Purchaser Bears Economic Risk. The Such Purchaser has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to the Company so that it such Purchaser is capable of evaluating the merits and risks of its such Purchaser’s investment in the Company and has the capacity to protect its such Purchaser’s own interests. The Such Purchaser must bear the economic risk of this investment indefinitely unless the Shares and the shares underlying the Warrants (or the Conversion “Warrant Shares”) are registered pursuant to the Securities Act, or an exemption from registration is available. The Purchaser understands that the Company has no present intention of registering the Shares or the Conversion Shares. The Such Purchaser also understands that there is no assurance that any exemption from registration under the Securities Act will be available and that, even if available, such exemption may not allow the such Purchaser to transfer all or any portion of the Shares Shares, Warrants or the Conversion Warrant Shares under the circumstances, in the amounts or at the times the such Purchaser might propose.

Purchaser Bears Economic Risk. The Such Purchaser has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to the Company so that it Purchaser is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. The Such Purchaser must bear the economic risk of this investment indefinitely unless the Shares (or the Conversion Shares) are registered pursuant to the Securities Act, or an exemption from registration is available. The Such Purchaser understands that the Company has no present intention of registering the Shares or the Conversion Shares. The Such Purchaser also understands that there is no assurance that any exemption from registration under the Securities Act will be available and that, even if available, such exemption may not allow the such Purchaser to transfer all or any portion of the Shares or the Conversion Shares under the circumstances, in the amounts or at the times the such Purchaser might propose. Such Purchaser can bear the economic risk of losing its entire investment in the Company.

Purchaser Bears Economic Risk. The Such Purchaser has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. The Such Purchaser must bear the economic risk of this investment indefinitely unless the Shares (or and/or the Conversion Shares) Shares are registered pursuant to the Securities Act, or an exemption from registration is available. The Such Purchaser understands that the Company has no present intention of registering the Shares or and/or the Conversion Shares. The Such Purchaser also understands that there is no assurance that any exemption from registration under the Securities Act will be available and that, even if available, such exemption may not allow the such Purchaser to transfer all or any portion of the Shares or and/or the Conversion Shares under the circumstances, in the amounts or at the times the such Purchaser might propose.