Stockholder Bears Economic Risk. Such Stockholder has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to Liberty and is capable of evaluating the merits and risks of its investment in Liberty. Such Stockholder understands that it must bear the economic risk of this investment indefinitely unless the Liberty Shares are registered pursuant to the Securities Act, or an exemption from registration is available, and that Liberty has no present intention of registering the Liberty Shares, except as provided in the Registration Rights Agreement. Such Stockholder also understands that there is no assurance that any exemption from registration under the Securities Act will be available and that, even if available, such exemption may not allow Stockholder to transfer all or any portion of the Liberty Shares under the circumstances, in the amounts or at the times such Stockholder might propose.
Stockholder Bears Economic Risk. The stockholder has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to Parent so that it is capable of evaluating the merits and risks of its investment in Parent and has the capacity to protect its own interests. The stockholder must bear the economic risk of this investment indefinitely unless the Parent Shares are registered pursuant to the Securities Act, or an exemption from registration is available. The stockholder understands that Parent has no present intention of registering the Parent Shares or any shares of its Common Stock. The stockholder also understands that there is no assurance that any exemption from registration under the Securities Act will be available and that, even if available, such exemption may not allow the stockholder to transfer all or any portion of the Parent Shares under the circumstances, in the amounts or at the times Stockholder might propose;
Stockholder Bears Economic Risk. Such Stockholder has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Such Stockholder understands that it must bear the economic risk of this investment indefinitely unless the shares of Designated Preferred Stock are registered pursuant to the Securities Act, or an exemption from registration is available. Such Stockholder understands that the Company has no present intention of registering the shares of Designated Preferred Stock or any shares of its Common Stock. Such Stockholder also understands that there is no assurance that any exemption from registration under the Securities Act will be available and that, even if available, such exemption may not allow such Stockholder to transfer all or any portion of the shares of Designated Preferred Stock under the circumstances, in the amounts or at the times such Stockholder might propose.
Stockholder Bears Economic Risk. The Investor understands that the Conversion Shares will be “restricted securities” under applicable securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations the Conversion Shares may be resold without registration and/or qualification under the Acts only in certain limited circumstances. The Investor acknowledges that the Conversion Shares must be held indefinitely unless subsequently registered and/or qualified under the Acts or an exemption from such registration and/or qualification in available. The Investor understands that no public market now exists for any of the securities issued by the Company and that there is no assurance that a public market will ever exist for the securities.
