Common use of Understanding of Risks Clause in Contracts

Understanding of Risks. The Participant is fully aware of: (i) the speculative nature of an investment in the Incentive Units; (ii) the financial hazards involved in acquisition of the Incentive Units; (iii) the lack of liquidity of the Incentive Units and the restrictions on transferability of such Incentive Units; and (iv) the qualifications and backgrounds of the management of the Company. The Participant is capable of evaluating the merits and risks related to this Agreement, has the ability to protect his own interests in this transaction and is financially capable of bearing a total loss from any transaction related to the Agreement. The Participant is a key employee of the Company and is sophisticated in financial matters and is able to evaluate the risks and benefits of decisions respecting the investment in the Incentive Units.

Understanding of Risks. The Participant is fully aware of: (i) the speculative nature of an investment in the Incentive Units; (ii) the financial hazards involved in acquisition of the Incentive Units; (iii) the lack of liquidity of the Incentive Units and the restrictions on transferability of such Incentive Units; and (iv) the qualifications and backgrounds of the management of the Company. The Participant is capable of evaluating the merits and risks related to this Agreement, has the ability to protect his own interests in this transaction and is financially capable of bearing a total loss from any transaction related to the Agreement. The Participant is a key employee consultant of the Company and is sophisticated in financial matters and is able to evaluate the risks and benefits of decisions respecting the investment in the Incentive Units.

Understanding of Risks. The Participant is fully aware of: (i) the speculative nature of an the investment in the Incentive UnitsShares; (ii) the financial hazards involved in acquisition of investment in the Incentive UnitsShares; (iii) the lack of liquidity of the Incentive Units Shares and the restrictions on transferability of such Incentive UnitsShares; and (iv) the qualifications and backgrounds of the management of the Company; and (v) the tax consequences of investment in the Shares. The Participant is capable of evaluating the merits and risks related to this Agreement, has the ability to protect his own interests in this transaction and is financially capable of bearing a total loss from any transaction related to the Agreement. The Participant is a key employee of the Company and is sophisticated in financial matters and is able to evaluate the risks and benefits of decisions respecting the investment in the Incentive Units.