Common use of Foreign Purchaser Clause in Contracts

Foreign Purchaser. The Purchaser is not a “U.S. Person” (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended), and such Purchaser hereby represents that he has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Purchased Securities or any use of this Agreement, including (a) the legal requirements within its jurisdiction for the purchase of the Purchased Securities, (b) any foreign exchange restrictions applicable to such purchase, (c) any governmental or other consents that may need to be obtained, and (d) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale or transfer of the Purchased Securities. Such Purchaser’s subscription and payment for, its beneficial ownership of the Purchased Securities, will not violate any applicable securities or other laws of the Purchaser’s jurisdiction.

Appears in 2 contracts

Samples: Subscription Agreement (Mega Matrix Inc), Subscription Agreement (Cheer Holding, Inc.)

AutoNDA by SimpleDocs

Foreign Purchaser. The If the Purchaser is not a “U.S. Person” United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended), and such the Purchaser hereby represents that he has the Purchaser is satisfied itself as to the full observance of the laws of its the Purchaser’s jurisdiction of incorporation in connection with any invitation to the Purchaser to subscribe for the Purchased Securities Shares or any use of this Agreement, including (ai) the legal requirements within its with the Purchaser’s jurisdiction of incorporation for the purchase of the Purchased SecuritiesShares, (bii) any foreign exchange restrictions applicable to such purchase, (ciii) any governmental or other consents that may need to be obtained, and (div) the income tax and other tax consequences, if any, that which may be relevant to the purchase, holding, redemption, sale sale, or transfer of the Purchased SecuritiesShares. Such The Purchaser’s subscription and payment for, its beneficial ownership of for the Purchased Securities, will Shares shall not violate any applicable securities or other laws of the Purchaser’s jurisdictionjurisdiction of incorporation.

Appears in 2 contracts

Samples: Series a 3 Preferred Stock Purchase Agreement, Series a 3 Preferred Stock Purchase Agreement (EPAM Systems, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!