Common use of Substantial Degree of Risk Clause in Contracts

Substantial Degree of Risk. The undersigned understands that an investment in the Shares involves a substantial degree or risk, including, without limitation, matters discussed under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Parent's Report on Form 10-Q for the fiscal quarter ended April 30, 2000. No representation has been made regarding the future performance of Parent or the future market value of the Shares.

Substantial Degree of Risk. The undersigned understands that an investment in the Shares involves a substantial degree or of risk, including, without limitation, matters discussed under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Parent's Annual Report on Form 10-Q K for the fiscal quarter year ended April 30January 31, 20002001. No representation has been made regarding the future performance of Parent or the future market value of the Shares.

Substantial Degree of Risk. The undersigned understands that an investment -------------------------- in the Shares involves a substantial degree or of risk, including, without limitation, matters discussed under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Parent's Annual Report on Form 10-Q K for the fiscal quarter year ended April 30January 31, 20002001. No representation has been made regarding the future performance of Parent or the future market value of the Shares.

Substantial Degree of Risk. The undersigned understands that an investment -------------------------- in the Shares involves a substantial degree or risk, including, without limitation, matters discussed under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Parent's Report on Form 10-Q for the fiscal quarter ended April 30, 2000. No representation has been made regarding the future performance of Parent or the future market value of the Shares.