Common use of Offering Information Clause in Contracts

Offering Information. Holder acknowledges that a reasonble time prior to this transaction Holder and/or Holder's representatives and advisors received and carefully reviewed the following documents (collectively, the "SEC Reports"): 2.1 Company's annual report to its shareholders for the fiscal year ended November 30, 2001; 2.2 the proxy statement dated June 27, 2001; 2.3 Company's most recent Form 10-KSB for the fiscal year ended November 30, 2000, as amended, and Form 10-QSB for the period ended February 28, 2001, which are attached as Exhibits C-1 and C-2, respectively; 2.4 a brief description of the securities being offered; 1 - Warrant Agreement 2.5 a description of the material changes in Company's affairs that were not disclosed in the documents furnished; and 2.6 any other documents or items, the review and understanding of which were determined by the Holder and any representatives or advisors as being material and advisable to evaluating the merits and risks purchasing the Securities and the suitability of the Securities as an investment for Holder.