Common use of Purchase for its Own Account Clause in Contracts

Purchase for its Own Account. The undersigned Noteholder is purchasing the Shares for its own account, without a view to the distribution thereof in violation of the Securities Act. The undersigned Noteholder understands that the Company has not registered the Shares under the Securities Act, and that the Shares may not be sold or transferred or offered for sale or transfer by it without registration under the Securities Act or the availability of an exemption therefrom.