Common use of Status of CaymanCo Shareholder Clause in Contracts

Status of CaymanCo Shareholder. Each of such CaymanCo Shareholder and its CaymanCo Shareholder Affiliate (a) is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act and/or (b) is not a “U.S. person” within the meaning of Regulation S under the Securities Act, and is acquiring its Subscription Shares in an offshore transaction under Rule 903 of Regulation S under the Securities Act. Each of such CaymanCo Shareholder and its CaymanCo Shareholder Affiliate (i) has sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks involved in purchasing its Subscription Shares and (ii) is capable of bearing the economic risk of its investment. Each of such CaymanCo Shareholder and its CaymanCo Shareholder Affiliate has undertaken such investigation and has been provided with and has evaluated such documents and information as it has deemed necessary or appropriate for making an informed and intelligent decision with respect to the purchase of the Subscription Shares and the execution, delivery and performance of this Agreement and the other Transaction Documents.