Common use of Foreign Investors Clause in Contracts

Foreign Investors. If the Optionee is not a United States person (as defined by Section 7701(a)(30) of the Code), the Optionee hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Shares or any use of this Agreement, including (i) the legal requirements within its jurisdiction for the purchase of the Shares, (ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Shares. The Optionee’ s subscription and payment for and continued beneficial ownership of the Shares will not violate any applicable securities or other laws of the Optionee’ s jurisdiction.