Common use of ECONOMIC RISK; SOPHISTICATION Clause in Contracts

ECONOMIC RISK; SOPHISTICATION. The Stockholders are able to bear the economic risk of an investment in the IES Stock to be acquired pursuant to this Agreement and can afford to sustain a total loss of such investment. Each Stockholder has substantial knowledge and experience in making investment decisions of this type (or is relying on qualified purchaser representatives with such knowledge and experience in making this decision), and is capable, either individually or with such purchaser representatives, of evaluating the merits and risks of this investment. The Stockholders party hereto have had an adequate opportunity to ask questions and receive answers from the officers of IES concerning any and all matters relating to the transactions described herein including, without limitation, the background and experience of the current and proposed officers and directors of IES, the plans for the operations of the business of IES, the business, operations and financial condition of the Founding Companies other than the Company, and any plans for additional acquisitions and the like. The Stockholders have asked any and all questions in the nature described in the preceding sentence and all questions have been answered to their satisfaction. Except as set forth on Schedule 16.2, each Stockholder is an "accredited investor" as defined in Rule 501(a) of the 1933 Xxx.

ECONOMIC RISK; SOPHISTICATION. The Stockholders are able to bear the economic risk of an investment in the IES Stock to be acquired pursuant to this Agreement and can afford to sustain a total loss of such investment. Each Stockholder has substantial knowledge and experience in making investment decisions of this type (or is relying on qualified purchaser representatives with such knowledge and experience in making this decision), and is capable, either individually or with such purchaser representatives, of evaluating the merits and risks of this investment. The Stockholders party hereto have had an adequate opportunity to ask questions and receive answers from the officers of IES concerning any and all matters relating to the transactions described herein including, without limitation, the background and experience of the current and proposed officers and directors of IES, the plans for the operations of the business of IES, the business, operations and financial condition of the Founding Companies other than the Company, and any plans for additional acquisitions and the like. The Stockholders have asked any and all questions in the nature described in the preceding sentence and all questions have been answered to their satisfaction. Except as set forth on Schedule 16.2, each Stockholder is an "accredited investor" as defined in Rule 501(a) of the 1933 XxxAct.