Common use of Experience of the Purchaser Clause in Contracts

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Such Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesPurchased Shares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Purchased Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Each Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representativesRepresentatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares and Warrants, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, Shares and Warrants and is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.认购人经验。认购人单独或与其代表人一起，拥有足够的商业和金融知识、复杂度和经验以评估对此股票未来投资的实质和风险，并已按此做出评估。

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, Purchaser has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesNote, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Note and, at the present time, is able to afford a complete loss of such investment. The Purchaser understands that its investment in the Note involves a significant degree of risk.

Experience of the Purchaser. The Purchaser, Purchaser either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, Purchaser has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated requested, received, reviewed and considered all information it deemed relevant in making an informed decision to purchase the merits and risks of such investmentSecurities. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesPreferred Shares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Preferred Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Each Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities andSecurities, at the present time, has no need for liquidity with respect to its investment and is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, is aware of the characteristics of the Convertible Debenture and Warrants and has so evaluated and understands the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesInterests, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Interests and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its his representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so Shares. Purchaser evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, representatives has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to understands that it must bear the economic risk of an this investment in the Securities andShares indefinitely, at the present time, and is able to bear such risk and is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to can bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the its prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Such Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, and is able to afford a complete loss of such investment. Further, such Purchaser understands that no representation is being made as to the future trading value or trading volume of the Common Stock.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, Securities and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investmentSecurities.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesAllocated Shares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, Allocated Shares and is able to afford a complete loss of such investment.

Experience of the Purchaser. The Each Purchaser, either alone or together with its representatives, has such knowledgeKnowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Each Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Each Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Each Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its his representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication sophistication, and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, Shares and is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representativesRepresentatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesIssued Shares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Issued Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesNotes, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Notes and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so Sold Shares. Purchaser evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Sold Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present timetime and the foreseeable future, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Subject Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Subject Securities and, at the present time, is able to afford a complete loss of such investment.. ​

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledgeKnowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its Purchaser’s representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Purchased Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Such Purchaser is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.. ​

Experience of the Purchaser. The PurchaserPurchasers, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is Purchasers are able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, Purchaser has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or --------------------------- together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesDebentures, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Debentures and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Offered Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to understands that its investment in the Offered Securities involves a high degree of risk. The Purchaser can bear the economic risk of an investment in the Offered Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesPreferred Shares being acquired pursuant to this Agreement, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Preferred Shares being acquired pursuant to this Agreement and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication sophistication, and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Subject Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Subject Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representativesRepresentatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an acknowledges and understands that its investment in the Securities and, at the present time, is able to afford involves a complete loss significant degree of such investmentrisk.

Experience of the Purchaser. The Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, is aware of the characteristics of the Convertible Debenture and Warrants and has so evaluated and understands the merits and risks of such investment. The Such Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, Purchaser has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesPurchased Units, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Purchased Units and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Such Purchaser understands that investment in the Securities involves a high degree of risk. Such Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Purchased Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk risks of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or ---------------------------- together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesUnits, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Units and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication sophistication, and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to can bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, Purchaser has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, and is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, representatives has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesLoans, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Loans and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or --------------------------- together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investmentShares sold to it hereunder. The Such Purchaser is able to bear the economic risk of an investment in the Securities Shares sold to it hereunder and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Each Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesOrdinary Shares, and has so evaluated the merits and risks of such investment. The Each Purchaser is able to bear the economic risk of an investment in the Securities Ordinary Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of or the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.认购人经验。认购人单独或与其代表人一起，拥有足够的商业和金融知识、 复杂度和经验以评估对此股票未来投资的实质和风险，并已按此做出评估。

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesNote, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Note and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, Purchaser has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, Securities and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its his representatives, has such knowledge, sophistication and experience in business and financial .financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesStock, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representativesRepresentatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesCommon Shares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Common Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, Securities and has so evaluated the merits and risks of such investment. The Such Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with --------------------------- its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, Shares and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its his representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesStock, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Stock and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, Purchasers either alone or together with its representatives, has have such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, representatives has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesNote, and has so evaluated the merits and risks of such investment. The Purchaser is able to understands that it must bear the economic risk of an this investment in the Securities andNote indefinitely, at the present time, and is able to bear such risk and is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, Purchaser has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securitiesshares of Securities being acquired pursuant to this Agreement, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the shares of Securities being acquired pursuant to this Agreement and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, Purchaser is a sophisticated investor and has such knowledge, sophistication and substantial experience in business evaluating and financial matters investing in securities of companies similar to the Company so as to be that it is capable of evaluating evaluating, and has independently evaluated, the merits and risks of the prospective its investment in the Securities, Company and has so evaluated the merits and risks of such investmentcapacity to protect its own interests. The Purchaser is able may be required to bear the economic risk of an this investment in the Securities and, at the present time, indefinitely and has independently concluded that it is financially able to afford a complete loss of such investment.bear those risks

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Notes and the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Notes and the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its his representatives, has such sufficient knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesCompany, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Company and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representativesRepresentatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesPurchased Shares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Purchased Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either Purchaser alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesPreferred Shares, and has so evaluated the merits and risks of such investment. The Such Purchaser is able to bear the economic risk of an investment in the Securities Preferred Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesSecurities issued or issuable to it, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities issued or issuable to it and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesClosing Shares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Closing Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, and is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesCommon Shares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities Common Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.. (e)

Experience of the Purchaser. The the Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesShares, and has so evaluated the merits and risks of such investment. The Such Purchaser is able to bear the economic risk of an investment in the Securities Shares and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesSecurities issuable to it, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities issuable to it and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Such Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the SecuritiesCommon Shares, and has so evaluated requested, received, reviewed and considered all information it deemed relevant in making an informed decision to purchase the merits and risks of such investmentCommon Shares. The Purchaser is able to bear the economic risk of an investment in the Securities Common Shares and, at the present time, is able to afford a complete loss of such investment.