(d) Advisors. The Subscriber is not relying on the Company, its directors, officers, representatives, attorneys or agents with respect to the legal, tax and other economic considerations of the Subscriber relating to an investment in the Securities or the evaluation of the Offering. The Subscriber has sought appropriate legal, investment and tax advice regarding the Offering and an investment in the Securities if deemed desirable and understands that an investment in the Securities is highly speculative and involves a substantial risk of total loss of investment. In regard to such consideration, the Subscriber has relied on the advice of, or has consulted with, only the Subscriber’s own advisors. The Subscriber has carefully considered and has, to the extent it believes necessary, discussed with legal, tax, accounting and financial advisors the suitability of an investment in the Company in the light of its particular tax and financial situation and has determined that the Securities being subscribed for hereunder is a suitable investment for the Subscriber.
(e) Legal Capacity.
(i) If the Subscriber is a natural person, the Subscriber has the legal capacity to execute, deliver and perform his or her obligations under this Agreement, and his or her execution and delivery hereof and thereof and performance of his or her obligations hereunder and thereunder require no action by or in respect of, or filing with, any governmental body, agency or official (except as disclosed in writing to the Company), and do not and will not result in a breach of any of the terms, conditions or provisions of; or constituted a default under, any provision of any trust agreement, indenture, mortgage, deed of trust, credit, note or evidence of indebtedness, or any lease or other agreement, or any license, permit, franchise or certificate, regulation, law order, writ, injunction, order or decree to which the Subscriber is subject. This Agreement has been executed and delivered by the Subscriber and constitutes the legal, valid and binding agreement of the Subscriber, enforceable against the Subscriber in accordance with its terms.
(ii) If the Subscriber is a corporation, limited liability company, partnership, trust or other entity, it is duly organized, validity existing and in good standing under the laws of its jurisdiction of organization and the execution, delivery and performance by it of this Agreement require no action by or in respect of, or filing with, any governmental body, agency or official (except as disclosed in writing to the Company and except for any securities notice filings made by the Company in connection with the Offering), and do not and will not result in a breach of any of the terms, conditions or provisions of any charter, bylaws, trust agreement, limited liability agreement, operating agreement, organizational document, indenture, mortgage, deed of trust, credit, note or evidence of indebtedness, or any lease or other agreement, or any license, permit, franchise or certificate, regulation, law, order, writ, injunction, order or decree to which the Subscriber is subject; the Subscriber is authorized and qualified to become a shareholder in, and authorized to make its capital contribution to, the Company and otherwise to comply with its obligations under this Agreement; the person signing this Agreement on behalf of such entity has been duly authorized by such entity to do so; and this Agreement has been duly executed and delivered on behalf of the Subscriber and constitutes the valid and binding agreement of the Subscriber, enforceable against the Subscriber in accordance with its terms. The Subscriber hereby agrees, upon request of the Company, to deliver any document, including an opinion of counsel to the Subscriber, evidencing the existence of the Subscriber, the legality of an investment by it in the Company and the authority of any person executing any documents relating to the Company on behalf of the Subscriber.
(f) OFAC Compliance. The Subscriber represents and warrants that the Subscriber is aware of applicable anti-money laundering laws and regulations, including the requirements of the USA PATRIOT Act of 2001 and the regulations administered by the U.S. Department of Treasury's Office of Foreign Assets Control (collectively, the "anti- money laundering/OFAC laws"). The Subscriber represents to the Company that, the Subscriber and its Related Persons are not individuals, entities or countries that may subject the Company to criminal or civil violations of any anti-money laundering/OFAC laws. For purposes of this subsection, (i) "Related Person" means a person who is related to the investor as a sibling, spouse or former spouse, or is a direct lineal descendant or ancestor by birth or adoption of the investor, or is a spouse of such descendant or ancestor, provided that, in the case of a Family Company, a Related Person includes any owner of the Family Company and any person who is a Related Person of such an owner, and (ii) "Family Company" means a company, partnership or trust that owns not less than $5,000,000 in "investments" and that is owned directly or indirectly by or for two or more natural persons who are related as siblings or spouse (including former spouses), or direct lineal descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations or trusts established by or for the benefit of such persons.
(g) Accredited Investor Status. The Subscriber is an “accredited investor” as such term is defined in Rule 501(a) of Regulation D promulgated by the Commission under the Securities Act. The Subscriber agrees to furnish to the Company such documentation and other information as the Company may require and request of the Subscriber to verify the status of the Subscriber as an “accredited investor”, including, without limitation, the documents and information applicable to the Subscriber set forth in Rule 506(c)(2)(ii)(A), (B) and (C).
(h) Restricted Securities. Subscriber understands that the Securities have not been registered under the Securities Act or any applicable securities laws of any state of the United States and therefore constitute “restricted securities” as defined in Rule 144(a)(3) and that, accordingly, the Subscriber may not sell, offer to sell, assign, pledge, hypothecate or otherwise transfer any of the Securities unless pursuant to an effective registration statement under the Securities Act, or unless an exemption from registration is available.
(i) Restrictive Legend. The Securities shall bear the following or a similar legend: