Common use of Status of Purchasers Clause in Contracts

Status of Purchasers. Such Purchaser is an “accredited investor” as defined in Rule 501 of Regulation D promulgated under the Securities Act, and has indicated on the attached Exhibit E the basis on which the Purchaser claims to be an accredited investor. Such Purchaser is not acting as a “broker-dealer,” as that term is defined under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), in connection with the transactions contemplated by the Transaction Documents, and is not required to be registered as a broker-dealer under Section 15 of the Exchange Act.