Common use of Securities Law, Access to Data and Information Clause in Contracts

Securities Law, Access to Data and Information. Grantee is familiar with the Assets and it is a knowledgeable, experienced and sophisticated investor in the oil and gas business. Grantee understands and accepts the risks and absence of liquidity inherent in ownership of the Assets. Grantee acknowledges that the Assets are or may be deemed to be “securities” under the Securities Act of 1933, as amended, and certain applicable State securities or Blue Sky laws and that resales thereof may therefore be subject to the registration requirements of such acts. The Assets are being acquired solely for Grantee’s own account for the purpose of investment and not with a view to resale, distributions or granting a participation therein in violation of any securities Laws.

Securities Law, Access to Data and Information. Grantee is familiar with the Assets and it is a knowledgeable, experienced and sophisticated investor in the oil and gas business. Grantee understands and accepts the risks and absence of liquidity inherent in ownership of the Assets. Grantee acknowledges that the Assets are or may be deemed to be “securities” under the Securities Act of 1933, as amended, and certain applicable State state securities or Blue Sky laws and that resales thereof may therefore be subject to the registration requirements of such acts. The Assets are being acquired solely for Grantee’s own account for the purpose of investment and not with a view to resale, distributions or granting a participation therein in violation of any securities Laws.