Acknowledgements of Purchaser. 4.1 The Purchaser acknowledges and agrees that:
Acknowledgements of Purchaser. The Purchaser acknowledges and agrees that: it has been advised to consult its own legal, tax and other advisors with respect to the merits and risks of an investment in the Securities and with respect to applicable resale restrictions and it is solely responsible for compliance with applicable resale restrictions; the Shares are not listed on any stock exchange or subject to quotation on any quotation system, and no representation has been made to the Purchaser that the Shares will become listed on any stock exchange or subject to quotation on any quotation system; no securities commission or similar regulatory authority has reviewed or passed on the merits of the Securities; there is no government or other insurance covering the Securities; there are risks associated with an investment in the Securities; and the Company has advised the Purchaser that the Company is relying on exemptions from the requirements to provide the Purchaser with a prospectus and to sell the Debenture through a person registered to sell securities under the Alberta Act and the B.C. Act and, as a consequence of acquiring the Securities pursuant to this exemption, certain protections, rights and remedies provided by the Alberta Act and the B.C. Act, including statutory rights of rescission or damages, will not be available to the Purchaser.
Acknowledgements of Purchaser. Notwithstanding anything contained herein to the contrary, except for those representations and warranties of the Seller set forth in Article IV, Purchaser has not relied upon any representation or warranty, express or implied, of the Seller or any agent or representative thereof (including Safeguard and Safeguard-DE) in connection with making its decision to exercise the Option and acquire the Purchased Assets pursuant hereto. Purchaser's decision to exercise the Option and acquire the Purchased Assets was made based upon (i) Purchaser's due diligence examination of the Purchased Assets and the Business in connection with the transactions described in the Series B Preferred Stock Purchase Agreement, and (ii) Purchaser's due diligence examination of the Purchased Assets and the Business in connection with the Transactions. Purchaser acknowledges that the Seller provided it with full, complete, and satisfactory access to the Purchased Assets, the Business, and the Assumed Liabilities in connection with its due diligence examination thereof. Purchaser also recognizes and acknowledges that DLB has a negative net worth and that its financial condition has deteriorated since its inception.
Acknowledgements of Purchaser. Section 5.01. Purchaser acknowledges that before entering into this Contract, Purchaser has made such examination of the Interoffice (Superholdings) Corporation, the operation, income and expenses thereof and all other matters affecting or relating to this transaction as Purchaser deemed necessary. In entering into this Contract, Purchaser has not been induced by and has not relied upon any representations, warranties or statements, whether express or implied, made by Seller or any agent, employee or other representative of Seller or by any broker or any other person or entity representing or purporting to represent Seller, which are not expressly set forth in this Contract, whether or not any such representations, warranties or statements were made in writing or orally.
