Common use of Representations and Warranties of Warrantholder Clause in Contracts

Representations and Warranties of Warrantholder. The Warrantholder represents and warrants as follows: (a) The Warrantholder understands that the Company has limited business operations and revenues to date. The Warrantholder has had adequate opportunity to obtain publicly available information concerning the business of the Company. The Company has not nor does it have any obligation to disclose any material non-public information to Warrantholder, nor will the Company have any obligation to update Warrantholder with any material non-public information of which it may become aware after the date hereof. The Warrantholder has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Company, is able to bear the risks of an investment in the Company and understands the risks of, and other considerations relating to, the purchase of its Securities. (b) Any Securities to be acquired hereunder are being acquired by the Warrantholder for the Warrantholder's own account for investment purposes only and not with a view to resale or distribution.