Ability to Evaluate Investment Clause Samples
Ability to Evaluate Investment. Exterra is able to evaluate the merits and risks of an investment in the Profits Interest and the Option Right by reason of Exterra's knowledge and experience in similar business matters. Exterra acknowledges receipt of (1) a copy of Plaintiff's Original Petition and Application for Temporary Injunction, and related pleadings in connection with that certain disputed matter styled: Royalco Oil & Gas Corporation v. Stockhome Trading Corporation; and (2) a copy of a letter addressed to Mr. Robert Royal, in his status as the CEO of Royalco, from K. Lawson Pe▇▇▇▇, ▇▇ ▇▇▇ler, Keffer, Bullock, Pedigo, LLC, evaluatin▇ ▇▇▇▇▇▇▇'▇ legal position in the Stockhome Dispute. Exterra acknowledges and agrees that Royalco makes no representations or warranties regarding the likely outcome of the Stockhome Dispute and that an unfavorable result could have a material adverse effect on the value of the Profits Interests and the Option Rights. Exchange Agreenment Page 5 ------------------- ------
Ability to Evaluate Investment. Exterra is able to evaluate the merits and risks of an investment in the Profits Interest and the Option Right by reason of Exterra's knowledge and experience in similar business matters. Exterra acknowledges receipt of (1) a copy of Plaintiff's Original Petition and Application for Temporary Injunction, and related pleadings in connection with that certain disputed matter styled: Royalco Oil & Gas Corporation v. Stockhome Trading Corporation; and (2) a copy of a letter addressed to Mr. Robert Royal, in his status as the CEO of Royalco, from K. Lawson Pe▇▇▇▇, ▇▇ ▇▇▇ler, Keffer, Bullock, Pedigo, LLC, evaluating R▇▇▇▇▇▇'▇ ▇▇▇▇l position in the Stockhome Dispute. Exterra acknowledges and agrees that Royalco makes no representations or warranties regarding the likely outcome of the Stockhome Dispute.
Ability to Evaluate Investment. Each of Parent and Buyer is able to evaluate the merits and risks of an investment in the Shares by reason of Buyer’s and Parent's knowledge and experience in financial and business matters. Each of Parent and Buyer acknowledges that it has had full access to the books and records of the Company and that each of Parent and Buyer has the necessary financial and business background to understand the financial standing of the Company represented in the books and records, or have consulted with someone with such expertise, and that they recognize that this purchase involves financial risks.