No Obligation to Register Shares. The Purchaser understands that there is no obligation of any Person to register the Shares under the Securities Act, or to assist the Purchaser in complying with the Securities Act or the securities laws of any state of the United States or of any foreign jurisdiction. Such Purchaser understands that the Shares must be held indefinitely unless the sale thereof is subsequently registered under the Securities Act and applicable state securities laws or exemptions from such registration are available. All certificates evidencing the Shares will bear a legend stating that the Shares have not been registered under the Securities Act or state securities laws and they may not be resold unless they are registered under the Securities Act and applicable state securities laws or exempt therefrom.

The Purchaser understands that there is no obligation of any Person to register the Shares under the Securities Act, or to assist the Purchaser in complying with the Securities Act or the securities laws of any state of the United States or of any foreign jurisdiction. Such Purchaser understands that the Shares must be held indefinitely unless the sale thereof is subsequently registered under the Securities Act and applicable state securities laws or exemptions from such registration are available. All certificates evidencing the Shares will bear a legend stating that thePurchased Shares have not been registered under the Securities Act or state securities lawsby reason of a specific exemption therefrom and they may notthat the Purchased Shares must be resoldheld indefinitely, unless they are subsequently registered under the Securities Act or the Purchaser obtains an opinion of counsel, in form and applicable state securities laws or exempt therefrom.substance satisfactory to the Company and its counsel, that such registration is not required. The Purchaser further acknowledges and understands that the Company is under no obligation to register the Purchased Shares.

Investor acknowledges and understands that there is no obligation of any Person to register the Shares under the Securities Act, or to assist the Purchaser in complying with the Securities Act or the securities laws of any state of the United States or of any foreign jurisdiction. Such Purchaser understands that the Shares must be held indefinitely unless the sale thereof is subsequently registered under the Securities Act and applicable state securities laws or exemptions from such registration are available. All certificates evidencing the Shares will bear a legend stating that the Shares have not been registered under the Securities Act of 1933, as amended (the "Act"), and must be held indefinitely unless they are subsequently registered under the Act and/or applicable state securities lawslaws, or exemptions from such registration are available. The Company has not made any representation, warranties, or covenants regarding the registration of the Shares or exemption under the Act. Investor acknowledges that the Company has no obligation to register or qualify the Shares for resale. Investor further acknowledges that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and theymanner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of Investor's control, and which the Company is under no obligation and may not be resold unless they are registered under the Securities Act and applicable state securities laws or exempt therefrom.able to satisfy.

No Obligation to Register Shares. The Purchaser understands that there is no obligation of any Person to register the Shares under the Securities Act, or to assist the Purchaser in complying with the Securities Act or the securities laws of any state of the United States or of any foreign jurisdiction. SuchRegistration. Purchaser understands that the Shares must be held indefinitely unless the sale thereof is subsequently registered under the Securities Act and applicable state securities laws or exemptions from such registration are available. All certificates evidencing the Shares will bear a legend stating that thePurchased Shares have not been registered under the Securities1933 Act or stateunder the securities laws and theyof any state. Purchaser understands that the Purchased Shares may not be resold unless they are registeredsold, transferred or otherwise disposed of without registration under the Securities1933 Act and all applicable state securities laws or exemptan exemption therefrom.