Common use of ACCREDITED INVESTORS; INVESTMENT PURPOSE Clause in Contracts

ACCREDITED INVESTORS; INVESTMENT PURPOSE. Each of the Sellers represents that he (a) is an "accredited investor" as such term is defined in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"); (b) is acquiring the IXL Shares solely for his own account for investment and not with a view to, or for sale in connection with, any distribution thereof; and (c) will not, directly or indirectly, offer, transfer, sell, pledge, hypothecate or otherwise dispose of any IXL Shares (or solicit any offers to buy, purchase or other acquire or take a pledge of any such shares) except in compliance with the Securities Act and the rules and regulations thereunder, other applicable laws, rules and regulations, and IXL's Second Amended and Restated Stockholders' Agreement (the "Stockholders' Agreement").

ACCREDITED INVESTORS; INVESTMENT PURPOSE. Each of the Sellers CommerceWAVE Shareholder represents that he (a) is an "accredited investor" as such term is defined in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"); (b) is acquiring the IXL Shares Parent Stock solely for his own account for investment and not with a view to, or for sale in connection with, any distribution thereof; and (c) will not, directly or indirectly, offer, transfer, sell, pledge, hypothecate or otherwise dispose of any IXL Shares Parent Stock (or solicit any offers to buy, purchase or other otherwise acquire or take a pledge of any such shares) except in compliance with the Securities Act and the rules and regulations thereunder, other applicable laws, rules and regulations, and IXL's the Second Amended and Restated Stockholders' Agreement of Parent, dated December 17, 1997 (the "Stockholders' Agreement").

ACCREDITED INVESTORS; INVESTMENT PURPOSE. Each of the Sellers Spinners Shareholder represents that he (a) is an "accredited investor" as such term is defined in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"); (b) is b)is acquiring the IXL Shares Parent Stock solely for his own account for investment and not with a view to, or for sale in connection with, any distribution thereof; and (c) will not, directly or indirectly, offer, transfer, sell, pledge, hypothecate or otherwise dispose of any IXL Shares Parent Stock (or solicit any offers to buy, purchase or other otherwise acquire or take a pledge of any such shares) except in compliance with the Securities Act and the rules and regulations thereunder, other applicable laws, rules and regulations, and IXL's the Second Amended and Restated Stockholders' Agreement of Parent, dated December 17, 1997 (the "Stockholders' Agreement").

ACCREDITED INVESTORS; INVESTMENT PURPOSE. Each of the Sellers The TWG Shareholder represents that he (a) is an "accredited investor" as such term is defined in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"); (b) . The TWG Shareholder is acquiring the IXL Shares Parent Stock solely for his own account for investment and not with a view to, or for sale in connection with, any distribution thereof; and (c) . The TWG Shareholder agrees that he will not, directly or indirectly, offer, transfer, sell, pledge, hypothecate or otherwise dispose of any IXL Shares Parent Stock (or solicit any offers to buy, purchase or other acquire or take a pledge of any such shares) except in compliance with the Securities Act and the rules and regulations thereunder, other applicable laws, rules and regulations, and IXL's Second Amended and Restated the Stockholders' Agreement (the "Stockholders' Agreement"as defined in Section 7.1 hereof).

ACCREDITED INVESTORS; INVESTMENT PURPOSE. Each of the Sellers Tekna Shareholder represents that he she (a) is an "accredited investor" as such term is defined in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"); (b) is acquiring the IXL Shares Parent Stock solely for his her own account for investment and not with a view to, or for sale in connection with, any distribution thereof; and (c) will not, directly or indirectly, offer, transfer, sell, pledge, hypothecate or otherwise dispose of any IXL Shares Parent Stock (or solicit any offers to buy, purchase or other otherwise acquire or take a pledge of any such shares) except in compliance with the Securities Act and the rules and regulations thereunder, other applicable laws, rules and regulations, and IXL's the Second Amended and Restated Stockholders' Agreement of Parent, dated December 17, 1997 (the "Stockholders' Agreement").