Entirely for Own Account. This Agreement is made with the Optionee in reliance upon the Optionee’ s representation to the Company, which by the Optionee’ s execution of this Agreement, the Optionee hereby confirms, that the Common Stock to be acquired by the Optionee will be acquired for investment for the Optionee’ s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Optionee has no present intention of selling, granting any participation in, or otherwise distributing the same. By executing this Agreement, the Optionee further represents that the Optionee does not presently have any contract, undertaking, agreement or arrangement with any Person to sell, transfer or grant participations to such Person or to any third Person, with respect to any of the Shares. The Optionee has not been formed for the specific purpose of acquiring the Shares.
Entirely for Own Account. The Parent Common Stock that may be received by such Principal Stockholder is being acquired for investment for such Principal Stockholder’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and such Principal Stockholder has no present intention of selling, granting any participation in, or otherwise distributing the same. By executing this Agreement, such Principal Stockholder further represents that such Principal Stockholder does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participation to such person or to any third person, with respect to any of the Parent Common Stock.
Entirely for Own Account. The Lender acknowledges that the Company has relied upon, in entering into this Agreement, the Lender’s representation to the Company that the Promissory Note and any securities issuable in connection therewith (collectively, the “Securities”) will be acquired for investment solely for the Lender’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Lender has no present intention of selling, granting any participation in or otherwise distributing the same. By executing this Agreement, the Lender further represents that the Lender does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to the Securities.
Entirely for Own Account. This Agreement is made with NCDF in reliance upon NCDF’s representation to Borrower, which by NCDF’s execution of this Agreement confirms, that the Units to be received by the Unit Assignee, will be acquired for investment for the Unit Assignee’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Unit Assignee, has no present intention of selling, granting any participation in, or otherwise distributing the same. By executing this Agreement, the Parties acknowledge that upon execution of this Agreement, NCDF has assigned its rights to receive the Units to the Unit Assignee and that the Borrower shall issue the Units directly to the Unit Assignee.
Entirely for Own Account. Consultant understands that Company is making this Agreement with the Consultant in reliance upon the Consultant's representation to Company, which by the Consultant's execution of this Agreement the Consultant hereby confirms, that the Securities will be acquired for investment for the Consultant's own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Consultant has no present intention of selling, granting any participation in, or otherwise distributing the same. By executing this Agreement, the Consultant further represents that the Consultant does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to any of the Securities.
Entirely for Own Account. OHSU is acquiring the Common Stock to be issued hereunder for investment and not as a nominee and not with a view to the distribution thereof. OHSU understands that it must bear the economic risk of this investment indefinitely unless the shares of Common Stock are registered for resale pursuant to the Securities Act, or an exemption from such registration is available, and that the Company has no present intention of registering the Common Stock for resale. OHSU further understands that there is no assurance that any exemption from the Securities Act will be available or, if available, that such exemption will allow OHSU to dispose of or otherwise transfer any or all of the Common Stock under the circumstances, in the amounts or at the such times OHSU might propose.
Entirely for Own Account. This Agreement is made with Purchaser and Purchaser Parent in reliance upon Purchaser's representation to Sellers, which by Purchaser's execution of this Agreement, Purchaser hereby confirms, that the Shares to be acquired by Purchaser will be acquired for investment for Purchaser's own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same. By executing this Agreement, each of Purchaser and Purchaser Parent further represents that neither Purchaser nor Purchaser Parent presently has any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to any of the Shares.
Entirely for Own Account. This Agreement is made with Sellers in reliance upon Sellers representation to Buyer, which by Sellers execution of this Agreement, Sellers hereby confirm, that the Buyer Shares to be acquired by Sellers will be acquired for investment for Sellers own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that Sellers have no present intention of selling, granting any participation in, or otherwise distributing the same. By executing this Agreement, Sellers further represents that Sellers does not presently have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to any of the Buyer Shares. Sellers have not been formed for the specific purpose of acquiring the Buyer Shares.
Entirely for Own Account. Should My Startup Use Convertible Notes? Reopening Setback for Toronto and Some Other Regions in. Business Development and Social Media Management. Class for animations document. Where there are issuer calls and investor puts, these will affect the expected residual period of optionality, at different share price levels. Ironclad pitch excited xxxxxxxx realized that limit the loan agreement, allowing more like a later date and to understand a simple convertible loan agreement and removed, the valuation of. Can you tell us why you found it helpful? Click the help icon above to learn more. This is the annual rate at which interest accrues on the note, as long as it is outstanding. This has increasingly led to parties taking a more flexible approach, in which at maturity investors can elect repayment or conversion into equity. There are techniques to minimize this problem. Down arrow keys to fund, here is simple note holders of loan notes can save weeks in my blog post links should be simple convertible loan agreement are a different. Action Plan for Oversight of. Either they earn a big return on the investment or they get their original investment back. What are you looking for? The investor gives money now, and gets nothing in return. No additional amount of money is required to be paid by the investor under a SAFE. This is particularly true if the startup folds before the note matures. Usually it converts at the next investment round. This is the second part of my mini series focusing on term sheets.
Entirely for Own Account. MICHIGAN has no present intention of selling, granting any participation in, or otherwise distributing the SHARES to be issued to MICHIGAN pursuant to Sections 3.8.1 or 3.8.2 of the LICENSE (the “MICHIGAN EQUITY”).
