Common use of Speculative Investment Clause in Contracts

Speculative Investment. Investor is aware that the Shares are a speculative investment that involve a high degree of risk and Investor may suffer the total loss of its investment. Investor 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 Shares and have obtained, in Investor’s judgment, sufficient information to evaluate the merits and risks of an investment in the Shares. Investor has not utilized any person as its purchaser representative (as defined in Regulation D) in connection with evaluating such merits and risks and has relied solely upon its own investigation in making a decision to invest in the Shares. Investor has been urged to seek independent advice from its professional advisors relating to the suitability of an investment in the Shares in view of its overall financial needs and with respect to the legal and tax implications of such investment. Investor believes that the investment in the Shares is suitable for it based upon its investment objectives and financial needs, and Investor has adequate means for providing for its current financial needs and contingencies and has no need for liquidity with respect to its investment in the Shares. The investment in the Shares does not constitute a significant portion of Investor’s investment portfolio.

Speculative Investment. Investor is aware that the Shares Units are a speculative investment that involve a high degree of risk and Investor may suffer the total loss of its investment. Investor 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 Shares Units and have obtained, in Investor’s judgment, sufficient information to evaluate the merits and risks of an investment in the SharesUnits. Investor has not utilized any person as its purchaser representative (as defined in Regulation D) in connection with evaluating such merits and risks and has relied solely upon its own investigation in making a decision to invest in the SharesUnits. Investor has been urged to seek independent advice from its professional advisors relating to the suitability of an investment in the Shares Units in view of its overall financial needs and with respect to the legal and tax implications of such investment. Investor believes that the investment in the Shares Units is suitable for it based upon its investment objectives and financial needs, and Investor has adequate means for providing for its current financial needs and contingencies and has no need for liquidity with respect to its investment in the SharesUnits. The investment in the Shares Units does not constitute a significant portion of Investor’s investment portfolio.

Speculative Investment. Investor is aware that the Shares Securities are a speculative investment that involve a high degree of risk and Investor may suffer the total loss of its investment. Investor 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 Shares Securities and have obtained, in Investor’s judgment, sufficient information to evaluate the merits and risks of an investment in the SharesSecurities. Investor has not utilized any person as its purchaser representative (as defined in Regulation D) in connection with evaluating such merits and risks and has relied solely upon its own investigation in making a decision to invest in the SharesSecurities. Investor has been urged to seek independent advice from its professional advisors relating to the suitability of an investment in the Shares Securities in view of its overall financial needs and with respect to the legal and tax implications of such investment. Investor believes that the investment in the Shares Securities is suitable for it based upon its investment objectives and financial needs, and Investor has adequate means for providing for its current financial needs and contingencies and has no need for liquidity with respect to its investment in the SharesSecurities. The investment in the Shares Securities does not constitute a significant portion of Investor’s investment portfolio.