Common use of Acquisition for Investment Purposes Clause in Contracts

Acquisition for Investment Purposes. The Holder represents and acknowledges to the Company and its officers and directors that the Option Securities at the time of issuance to the Holder upon exercise of this Option (i) will be acquired by the Holder for investment purposes only without the intent to resell such Option Securities, (ii) will be issued pursuant to exemption from registration under the Securities Act and any applicable state securities act, (iii) will not be transferred except pursuant to registration under the Securities Act and any applicable state securities act unless pursuant to exemption from registration under such acts, and (iv) the certificates evidencing the Option Securities will bear appropriate restrictive transfer legends as required pursuant to the Securities Act and any applicable state securities act.

Acquisition for Investment Purposes. The 1The Holder represents and acknowledges to the Company and its officers and directors that the Option Warrant Securities at the time of issuance to the Holder upon exercise of this Option the Warrants (i) will be acquired by the Holder for investment purposes only without the intent to resell such Option Warrant Securities, (ii) will be issued pursuant to exemption from registration under the Securities Act and any applicable state securities act, (iii) will not be transferred except pursuant to registration under the Securities Act and any applicable state securities act unless pursuant to exemption from registration under such acts, and (iv) the certificates evidencing the Option Warrant Securities will bear appropriate restrictive transfer legends as required pursuant to the Securities Act and any applicable state securities act.

Acquisition for Investment Purposes. The Holder represents and acknowledges to the Company and its officers and directors that the Option Securities Warrant securities at the time of issuance to the Holder upon exercise of this Option the Warrants (i) will be acquired by the Holder for investment purposes only without the intent to resell such Option Wart ant Securities, (ii) will be issued pursuant to exemption from registration under the Securities Act and any applicable state securities act, (iii) will not be transferred except pursuant to registration under the Securities Act and any applicable state securities act unless pursuant to exemption from registration under such acts, and (iv) the certificates evidencing the Option Warrant Securities will bear appropriate restrictive transfer legends as required pursuant to the Securities Act and any applicable state securities act.

Acquisition for Investment Purposes. The 1The Holder represents and acknowledges to the Company and its officers and directors that the Option Securities at the time of issuance to the Holder upon exercise of this Option (i) will be acquired by the Holder for investment purposes only without the intent to resell such Option Securities, (ii) will be issued pursuant to exemption from registration under the Securities Act and any applicable state securities act, (iii) will not be transferred except pursuant to registration under the Securities Act and any applicable state securities act unless pursuant to exemption from registration under such acts, and (iv) the certificates evidencing the Option Securities will bear appropriate restrictive transfer legends as required pursuant to the Securities Act and any applicable state securities act.