Document ID: 15589

Text:
{W5670291.3} 10 understanding to which the Investor is a party or by which any property or asset of the Investor is bound or affected, or (iii) subject to the Required Approvals, conflict with or result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority to which the Investor is subject (including federal and state securities laws and regulations), or by which any property or asset of the Investor is bound or affected; except in the case of each of clauses (ii) and (iii), such as would not reasonably be expected to result in a Material Adverse Effect. 3.3 Understandings or Arrangements. The Investor understands that the Units are restricted securities and have not been registered under the Securities Act or any applicable state securities law and is acquiring the Units as principal for its own account and not with a view to or for distributing or reselling such Units or any part thereof in violation of the Securities Act or any applicable state securities law, has no present intention of distributing any of such Units in violation of the Securities Act or any applicable state securities law and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding the distribution of such Units in violation of the Securities Act or any applicable state securities law (this representation and warranty not limiting the Investors right to sell the Units pursuant to an effective registration statement or otherwise in compliance with applicable federal and state securities laws). 3.4 Unregistered Securities. (a) Accredited Investor Status; Sophisticated Investor. The Investor is an accredited investor within the meaning of Rule 501 under the Securities Act and is able to bear the risk of its investment in the Units. The Investor has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of the purchase of the Units. (b) Information. The Investor has been furnished with materials relating to the business, finances and operations of the Parent and its Subsidiaries and relating to the offer and sale of the Units that have been requested by the Investor. The Investor has been afforded the opportunity to ask questions of the Parent and its Subsidiaries. The Investor understands and acknowledges that its purchase of the Units involves a high degree of risk and uncertainty. The Investor has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect to its investment in the Units. (c) Investor Representation. The Investor is purchasing the Units for its own account and not with a view to distribution in violation of any securities Laws. The Investor has been advised and understands and acknowledges that none of the Units have been registered under the Securities Act or under the blue sky Laws of any jurisdiction and may, subject to the provisions hereof, be resold only if registered pursuant to the provisions of the Securities Act ( or if eligible, pursuant to the provisions of Rule 144 promulgated under the Securities Act or pursuant to another available exemption from the registration requirements of the Securities Act). The Investor has been advised of and is

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Tokenized Text:
{
W5670291
.
3
}
10
understanding
to
which
the
Investor
is
a
party
or
by
which
any
property
or
asset
of
the
Investor
is
bound
or
affected
,
or
(
iii
)
subject
to
the
Required
Approvals
,
conflict
with
or
result
in
a
violation
of
any
law
,
rule
,
regulation
,
order
,
judgment
,
injunction
,
decree
or
other
restriction
of
any
court
or
governmental
authority
to
which
the
Investor
is
subject
(
including
federal
and
state
securities
laws
and
regulations
)
,
or
by
which
any
property
or
asset
of
the
Investor
is
bound
or
affected
;
except
in
the
case
of
each
of
clauses
(
ii
)
and
(
iii
)
,
such
as
would
not
reasonably
be
expected
to
result
in
a
Material
Adverse
Effect
.
3
.
3
Understandings
or
Arrangements
.
The
Investor
understands
that
the
Units
are
restricted
securities
and
have
not
been
registered
under
the
Securities
Act
or
any
applicable
state
securities
law
and
is
acquiring
the
Units
as
principal
for
its
own
account
and
not
with
a
view
to
or
for
distributing
or
reselling
such
Units
or
any
part
thereof
in
violation
of
the
Securities
Act
or
any
applicable
state
securities
law
,
has
no
present
intention
of
distributing
any
of
such
Units
in
violation
of
the
Securities
Act
or
any
applicable
state
securities
law
and
has
no
direct
or
indirect
arrangement
or
understandings
with
any
other
persons
to
distribute
or
regarding
the
distribution
of
such
Units
in
violation
of
the
Securities
Act
or
any
applicable
state
securities
law
(
this
representation
and
warranty
not
limiting
the
Investors
right
to
sell
the
Units
pursuant
to
an
effective
registration
statement
or
otherwise
in
compliance
with
applicable
federal
and
state
securities
laws
)
.
3
.
4
Unregistered
Securities
.
(
a
)
Accredited
Investor
Status
;
Sophisticated
Investor
.
The
Investor
is
an
accredited
investor
within
the
meaning
of
Rule
501
under
the
Securities
Act
and
is
able
to
bear
the
risk
of
its
investment
in
the
Units
.
The
Investor
has
such
knowledge
and
experience
in
financial
and
business
matters
that
it
is
capable
of
evaluating
the
merits
and
risks
of
the
purchase
of
the
Units
.
(
b
)
Information
.
The
Investor
has
been
furnished
with
materials
relating
to
the
business
,
finances
and
operations
of
the
Parent
and
its
Subsidiaries
and
relating
to
the
offer
and
sale
of
the
Units
that
have
been
requested
by
the
Investor
.
The
Investor
has
been
afforded
the
opportunity
to
ask
questions
of
the
Parent
and
its
Subsidiaries
.
The
Investor
understands
and
acknowledges
that
its
purchase
of
the
Units
involves
a
high
degree
of
risk
and
uncertainty
.
The
Investor
has
sought
such
accounting
,
legal
and
tax
advice
as
it
has
considered
necessary
to
make
an
informed
investment
decision
with
respect
to
its
investment
in
the
Units
.
(
c
)
Investor
Representation
.
The
Investor
is
purchasing
the
Units
for
its
own
account
and
not
with
a
view
to
distribution
in
violation
of
any
securities
Laws
.
The
Investor
has
been
advised
and
understands
and
acknowledges
that
none
of
the
Units
have
been
registered
under
the
Securities
Act
or
under
the
blue
sky
Laws
of
any
jurisdiction
and
may
,
subject
to
the
provisions
hereof
,
be
resold
only
if
registered
pursuant
to
the
provisions
of
the
Securities
Act
(
or
if
eligible
,
pursuant
to
the
provisions
of
Rule
144
promulgated
under
the
Securities
Act
or
pursuant
to
another
available
exemption
from
the
registration
requirements
of
the
Securities
Act
)
.
The
Investor
has
been
advised
of
and
is