Common use of Understanding of Risks Clause in Contracts

Understanding of Risks. Warrant Holder is fully aware of: (a) the highly speculative nature of the investment in the Warrant Stock; (b) the financial hazards involved; (c) the lack of liquidity of the Warrant Stock and the restrictions on transferability of the Warrant Stock (e.g., that Warrant Holder may not be able to sell or dispose of the Warrant Stock or use them as collateral for loans); (d) the qualifications and backgrounds of the management of the Company; and (e) the tax consequences of investment in the Warrant Stock.

Understanding of Risks. Warrant Holder is fully aware of: (a) the highly speculative nature of the investment in the Warrant Stock; (b) the financial hazards involved; (c) the lack of liquidity of the Warrant Stock and the restrictions on transferability of the Warrant Stock (e.g., that Warrant Holder may not be able to sell or dispose of the Warrant Stock or use them it as collateral for loans); (d) the qualifications and backgrounds of the management of the Company; and (e) the tax consequences of investment in the Warrant Stock.

Understanding of Risks. Warrant Holder is fully aware of: (a) the highly speculative nature of the investment in the Warrant Stock; (b) the financial hazards involved; (c) the lack of liquidity of the Warrant Stock and the restrictions on transferability of the Warrant Stock (e.g.( e.g. , that Warrant Holder may not be able to sell or dispose of the Warrant Stock or use them as collateral for loans); (d) the qualifications and backgrounds of the management of the Company; and (e) the tax consequences of investment in the Warrant Stock.

Understanding of Risks. Warrant Holder is fully aware of: (ai) the highly speculative nature of the investment in the Warrant StockSecurities; (bii) the financial hazards involved; (ciii) the lack of liquidity of the Warrant Stock Securities and the restrictions on transferability of the Warrant Stock Securities (e.g., that Warrant Holder may not be able to sell or dispose of the Warrant Stock Securities or use them as collateral for loans); (div) the qualifications and backgrounds of the management of the Company; and (ev) the tax consequences of investment in the Warrant StockSecurities.

Understanding of Risks. Warrant Holder is fully aware of: (ai) the highly speculative nature of the investment in the Warrant StockSecurities; (bii) the financial hazards involved; (ciii) the lack of liquidity of the Warrant Stock Securities and the potential restrictions on transferability of the Warrant Stock Securities (e.g., that Warrant Holder may not be able to sell or dispose of the Warrant Stock Securities or use them as collateral for loans); (div) the qualifications and backgrounds of the management of the Company; and (ev) the tax consequences of investment in the Warrant StockSecurities.

Understanding of Risks. Warrant Holder is fully aware of: (a) the highly speculative nature of the investment in the Warrant StockSecurities; (b) the financial hazards involved; (c) the lack of liquidity of the Warrant Stock Securities and the restrictions on transferability of the Warrant Stock Securities (e.g., that Warrant Holder may not be able to sell or dispose of the Warrant Stock Securities or use them as collateral for loans); (d) the qualifications and backgrounds of the management of the Company; and (e) the tax consequences of investment in the Warrant StockSecurities.

Understanding of Risks. Such Warrant Holder is fully aware of: (ai) the highly speculative nature of the investment in the Warrant StockShares; (bii) the financial hazards involved; (ciii) the lack of liquidity of the Warrant Stock Shares and the restrictions on the transferability of the Warrant Stock Shares (e.g., that such Warrant Holder may not be able to sell or dispose of the Warrant Stock or use them as collateral for loansShares); (d) the qualifications and backgrounds of the management of the Company; and (eiv) the tax consequences of an investment in the Warrant StockShares.