Common use of Subscriber's Representations, Warranties and Covenants Clause in Contracts

Subscriber's Representations, Warranties and Covenants. The Subscriber represents, warrants to and covenants with the Company as follows: The Subscriber is purchasing the Securities solely for his own account, for investment purposes only and not with an intent to divide his participation with others, resell, or otherwise dispose of all or any part of such investment. The Subscriber will be the beneficial owner of the Securities standing in the Subscriber’s name. The Subscriber has been furnished with the sufficient written and oral information about the Company to allow him to make an informed investment decision prior to purchasing the Investment and has been furnished access to any additional information that he may require. The Subscriber is fully familiar with the business proposed to be conducted by the Company and with the Company’s use and proposed use of the proceeds from the sale of Securities. The Subscriber has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the investment. The Subscriber is able to bear the economic risk of losing his entire investment The Subscriber is knowledgeable and has experience concerning investments of the type represented by the investment. The Subscriber agrees to hold the Company, its agents, managers, and their respective successors and assigns harmless and to indemnify them against all liabilities, cost and expenses incurred by them as a result of any sale or distribution by the Subscriber in violation of the Act or any state securities laws. All representations, warranties and indemnities made by the Subscriber with reference to the Act shall be deemed to be equally applicable in connection with all applicable state and securities laws. As set forth above, the Subscriber understands that the Securities have not been registered under the Act, or under any state exempt from registration. The Subscriber further acknowledges that the reliance on such exemptions is in part based upon the foregoing representations, warranties and covenants of the Subscriber.

Subscriber's Representations, Warranties and Covenants. The Subscriber represents, warrants to and covenants with the Company as follows: The Subscriber is purchasing the Securities solely for his own account, for investment purposes only and not with an intent to divide his participation with others, resell, or otherwise dispose of all or any part of such investment. The Subscriber will be the beneficial owner of the Securities standing in the Subscriber’s name. The Subscriber has been furnished with the sufficient written and oral information about the Company to allow him to make an informed investment decision prior to purchasing the Investment and has been furnished access to any additional information that he may require. The Subscriber is fully familiar with the business proposed to be conducted by the Company and with the Company’s use and proposed use of the proceeds from the sale of Securities. The Subscriber has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the investment. The Subscriber is able to bear the economic risk of losing his entire investment The Subscriber is knowledgeable and has experience concerning investments of the type represented by the investment. The Subscriber agrees to hold the Company, its agents, managers, and their respective successors and assigns harmless and to indemnify them against all liabilitiesliability, cost and expenses incurred by them as a result of any sale or distribution by the Subscriber in violation of the Act or any state securities laws. All representations, warranties and indemnities made by the Subscriber with reference to the Act shall be deemed to be equally applicable in connection with all applicable state and securities laws. As set forth above, the Subscriber understands that the Securities have not been registered under the Act, or under any state exempt from registration. The Subscriber further acknowledges that the reliance on such exemptions is in part based upon the foregoing representations, warranties and covenants of the Subscriber.