Common use of Restricted Securities; Accredited Investor Clause in Contracts

Restricted Securities; Accredited Investor. (a) The Purchaser understands that the Shares are "restricted securities" under the Securities Act of 1933, as amended ("Act"), as they are being acquired from the Company in a transaction not involving a public offering and that under the Act and the rules and regulations thereunder such securities may be resold without registration under the Act, only in certain limited circumstances. In this connection, the Purchaser represents that it is familiar with Rule 144 promulgates under the Act, as presently in effect, and understands the resale limitations imposed thereby and by the Act. The Purchaser is an "accredited investor" within the meaning of paragraph (a) of Rule 501 of Regulation D promulgated under the Act. The Purchaser has sufficient knowledge and experience to analyze the Company so as to be able to evaluate the risks and merits of its investments in the Company and is financially able to bear the risks thereof.