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Governmental Review. The Buyer understands that no United States federal or state agency or any other government or governmental agency has passed upon or made any recommendation or endorsement of the Securities.

Governmental Review. The Buyer understands that no United States federal or state agency or any other government or governmental agency has passed upon or made any recommendation or endorsement of the Securities.

Governmental Review. The BuyerPurchaser understands that no United States federal or state agency or any other government or governmental agency has passed upon or made any recommendation or endorsement of the Securities.

No Governmental Review. The Buyer understands that no United States federal or state agency or any other government or governmental agency has passed uponon or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

No Governmental Review. TheSuch Buyer understands that no United States federal or state agency or any other government or governmental agency has passed uponon or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

No Governmental Review. The Buyer understands that no United States federal or state agency or any other government or governmental agency has passed uponon or made any recommendation or endorsement of the Securities.Purchase Shares or the fairness or suitability of the investment in the Purchase Shares nor have such authorities passed upon or endorsed the merits of the offering of the Purchase Shares.

No Governmental Review. The BuyerInvestor understands that no United States federal or state agency or any other government or governmental agency has passed uponon or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

Governmental Review. The BuyerPurchaser understands that no United States federal or state agency or any other government or governmental agency has passed uponon or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities by the Purchaser nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

No Governmental Review. The BuyerSuch Holder understands that no United States federal or state agency or any other government or governmental agency has passed uponon or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

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