Common use of Understanding of Risks Clause in Contracts

Understanding of Risks. The Participant is fully aware of: (i) the speculative nature of, and the financial hazards involved in, an investment in the Shares; (ii) the lack of liquidity of the Shares and the restrictions on the transferability of the Shares; (iii) the qualifications and backgrounds of the management of the Corporation; and (iv) the tax consequences of an investment in the Shares. The Participant is capable of evaluating the merits and risks of this investment, has the ability to protect his own interests in this transaction and is financially capable of bearing a total loss on his investment.

Understanding of Risks. The Participant is fully aware of: (i) the speculative nature of, and of the financial hazards involved in, an investment in the Shares; (ii) the lack of liquidity of the Shares and the restrictions on the transferability of the Shares; (iii) the qualifications and backgrounds of the management of the Corporationfinancial hazards involved; and (iviii) the tax consequences of an investment in the Shares. The Participant is capable of evaluating the merits and risks of this investment, has the ability to protect his own interests in this transaction and is financially capable of bearing a total loss on his investment.

Understanding of Risks. The Participant is fully aware of: (i) the speculative specula-tive nature of, and the financial hazards involved in, an investment in the Shares; (ii) the lack of liquidity of the Shares and the restrictions on the transferability of the Shares; (iii) the qualifications and backgrounds of the management of the Corporation; and (iv) the tax consequences of an investment in the Shares. The Participant is capable of evaluating the merits and risks of this investment, has the ability to protect his own interests in this transaction and is financially capable of bearing a total loss on his investment.

Understanding of Risks. The Participant has received and reviewed the Plan and is fully aware of: (i) the highly speculative nature of, and of the financial hazards involved in, an investment in the Shares; (ii) the lack of liquidity of the Shares and the restrictions on the transferability of the Sharesfinancial hazards involved; (iii) the qualifications and backgrounds of the management of the CorporationCompany; and (iv) the tax consequences of an investment in the Shares. The Participant is capable of evaluating the merits and risks of this investment, has the ability to protect his Participant’s own interests in this transaction and is financially capable of bearing a total loss on his of this investment.