Common use of Substantial Degree of Risk Clause in Contracts

Substantial Degree of Risk. The undersigned understands that an investment -------------------------- in the Shares involves a substantial degree of risk, including, without limitation, matters discussed under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Parent's Annual Report on Form 10-K for the fiscal year ended January 31, 2001. No representation has been made regarding the future performance of Parent or the future market value of the Shares.

Substantial Degree of Risk. The undersigned understands that an investment -------------------------- in the Shares involves a substantial degree of or risk, including, without limitation, matters discussed under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Parent's Annual Report on Form 10-K Q for the fiscal year quarter ended January 31April 30, 20012000. No representation has been made regarding the future performance of Parent or the future market value of the Shares.

Substantial Degree of Risk. The undersigned understands that an investment -------------------------- in the Shares involves a substantial degree of or risk, including, without limitation, matters discussed under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Parent's Annual Report on Form 10-K Q for the fiscal year quarter ended January 31April 30, 20012000. No representation has been made regarding the future performance of Parent or the future market value of the Shares.

Substantial Degree of Risk. The undersigned understands that an investment -------------------------- in the Shares involves a substantial degree of risk, including, without limitation, matters discussed under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Parent's Annual Report on Form 10-K for the fiscal year ended January 31, 2001. No representation has been made regarding the future performance of Parent or the future market value of the Shares.