Common use of Investment Status Clause in Contracts

Investment Status. Investor is purchasing its respective Note for its own account, for investment only and not with a view to, or any present intention of, effecting a distribution of such Note or any part thereof except pursuant to a registration or an available exemption under applicable law. Investor is an investor in securities of companies in the development stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the investment in the Notes. Investor has not been organized solely for the purpose of acquiring the Notes. Investor acknowledges that its respective Note has not been registered under the Act, or the securities laws of any state or other jurisdiction and cannot be disposed of unless they are subsequently registered under the Act and any applicable state laws or an exemption from such registration is available. Investor is an “accredited investor” within the meaning of Rule 501 of Regulation D of the promulgated under the Act, as presently in effect.