Suitability and Sophistication. (i) The Investor has such knowledge and experience in financial and business matters that it is capable of independently evaluating the risks and merits of purchasing the Securities; (ii) the Investor has independently evaluated the risks and merits of purchasing the Securities and has independently determined that the Securities are a suitable investment for it; and (iii) the Investor has sufficient financial resources to bear the loss of their entire investment in the Securities.
Suitability and Sophistication. The Investor has (i) such knowledge and experience in financial and business matters that it is capable of independently evaluating the risks and merits of purchasing the Shares it is purchasing; (ii) independently evaluated the risks and merits of purchasing such Shares and has independently determined that the Shares are a suitable investment for it; and (iii) sufficient financial resources to bear the loss of its entire investment in such Shares. The Investor has had an opportunity to review: the Company’s annual report on Form 10-K for the year ended December 31, 2010, the Company’s quarterly reports on Form 10-Q for the periods ended March 31, 2011, June 30, 2011 and September 30, 2011, the Company’s current reports on Form 8-K filed with the SEC on April 7, 2011, April 8, 2011, April 21, 2011 and April 28, 2011, and other filings made by the Company under Section 13(a) of the 1934 Act since September 20, 2009 (the “SEC Filings”).
Suitability and Sophistication. The Purchaser, and each of the stockholders of the Purchaser, has (i) such knowledge and experience in financial and business matters that it is capable of independently evaluating the risks and merits of purchasing the Shares it is purchasing; (ii) independently evaluated the risks and merits of purchasing such Shares and has independently determined that the Shares are a suitable investment for it; and (iii) sufficient financial resources to bear the loss of its entire investment in such Shares. The Purchaser has had an opportunity to review the SEC Filings of the Company.
Suitability and Sophistication. Purchaser represents and warrants that it (a) is an "accredited investor" as defined in Rule 501(a) promulgated under the Securities Act, (b) has such knowledge and experience in financial and business matters that it is capable of independently evaluating the risks and merits of purchasing the Option and the Option Shares, (c) has been provided with the opportunity to make a reasonable investigation of Seller, including the opportunity to make any inquiries and to request additional information necessary to its investment decision, and Seller has satisfactorily responded to any inquiries and furnished to Purchaser all requested information, (d) has independently evaluated the risks and merits of purchasing the Option and the Option Shares and has independently determined that the Option Shares are a suitable investment for it, and (e) has sufficient financial resources to bear the loss of its entire investment in the Option and the Option Shares.
Suitability and Sophistication. Assignee has (i) such knowledge and experience in financial and business matters that it is capable of independently evaluating the risks and merits of acquiring the Assigned Shares; (ii) independently evaluated the risks and merits of acquiring such Assigned Shares and has independently determined that the Assigned Shares are a suitable investment for it; and (iii) sufficient financial resources to bear the loss of its entire investment in such Assigned Shares.
Suitability and Sophistication. The Purchaser has (i) such knowledge and experience in financial and business matters that it is capable of independently evaluating the risks and merits of purchasing the Shares it is purchasing; (ii) independently evaluated the risks and merits of purchasing such Shares and has independently determined that the Shares are a suitable investment for it; and (iii) sufficient financial resources to bear the loss of its entire investment in such Shares. The Purchaser has had an opportunity to review: the Company’s Annual Report on Form 10-K for the year ended December 31, 2007 and the Company’s quarterly report on Form 10-Q for the period ended March 31, 2008 and other filings made by the Company under Section 13 or Section 15(d) of the Exchange Act since July 14, 2006.
Suitability and Sophistication. (i) The Company has such knowledge and experience in financial and business matters that it is capable of independently evaluating the risks and merits of purchasing the Consideration Shares; (ii) the Company has been furnished all materials relating to the offer and sale of the Consideration Shares that have been specifically requested by the Company; (iii) the Company has been afforded the opportunity to ask questions of the Investor's management and such questions have been answered to its satisfaction; (iv) the Company has independently evaluated the risks and merits of purchasing the Consideration Shares; and (v) the Company has sufficient funds to bear the loss of its entire investment in the Consideration Shares.
Suitability and Sophistication. Frost Gamma has (i) such knowledge and experience in financial and business matters that it is capable of independently evaluating the risks and merits of entering into this Agreement acquiring the Warrants and (ii) independently evaluated the risks and merits of acquiring the Warrants and has independently determined that the Warrants are a suitable investment for it.
Suitability and Sophistication. You represent and warrant that:
Suitability and Sophistication. Purchaser (a) is an ------------------------------ "accredited investor" as defined in Rule 501(a) promulgated under the Securities Act, (b) has such knowledge and experience in financial and business affairs generally and in the fixed annuity business in particular that it is capable of evaluating the risks and merits of purchasing the Shares, (c) has independently evaluated the risks and merits of purchasing the Shares and has independently determined that the Shares are a suitable investment for the Purchaser, which has a current on- going business arrangement with the Company and is therefore knowledgeable about the Company's business, (d) has sufficient financial resources to bear the loss of its entire investment in the Shares, (e) has received from Seller and the Company, or had made available to it, financial and other information related to the Company, and the Company and its officers, as well as the Seller, have made themselves available to answer any questions about the Company, its business and the Shares and have agreed to provide all information about the Company, its business and the Shares reasonably available to the Company or the Seller and (f) understands that the Shares have not been registered under the Securities Act or any state or foreign securities law, and may not be transferred unless subsequently registered thereunder or pursuant to an exemption from regulation and that a legend indicating such restriction should be placed on the certificates representing the Shares.
