Common use of Big Boy Representation Clause in Contracts

Big Boy Representation. Each of the undersigned Sellers acknowledges that it is a sophisticated investor capable of assessing and assuming investment risks with respect to securities, including securities such as the Shares, and further acknowledges that Purchaser is entering into this Agreement with such Seller in reliance on this acknowledgment and with such Seller’s understanding, acknowledgment and agreement that Purchaser is privy to material non-public information regarding Pypo China Holdings Limited and its subsidiaries (collectively, the “Non-Public Information”), which Non-Public Information may be material to a reasonable investor, such as the undersigned Seller, when making investment disposition decisions, including the decision to enter into the Purchase Agreement, and such Seller’s decision to enter into the Purchase Agreement is being made with full recognition and acknowledgment that Purchaser is privy to the Non-Public Information, irrespective of whether such Non-Public Information has been provided to such Seller. The undersigned Seller hereby waives any claim, or potential claim, it has or may have against Purchaser relating to Purchaser’s possession of Non-Public Information.