Common use of Further Representations and Warranties of Shareholders Clause in Contracts

Further Representations and Warranties of Shareholders. Shareholders each individually represent and warrant to CBQ as follows: (a) I have the financial ability to bear the economic risks of my investment, have adequate means of providing for my current needs and personal contingencies, and have no need for liquidity in this investment; and, further, I have evaluated the high risks of investing in CBQ and have such knowledge and experience in financial and business matters in general and in particular with respect to this type of investment that I am capable of evaluating the merits and risks of an investment in the CBQ Shares. (b) I have been given the opportunity to ask questions of and receive answers from CBQ concerning the terms and conditions of this investment, and to obtain additional information necessary to verify the accuracy of the information I desired in order to evaluate my investment, and in evaluating the suitability of this investment I have not relied upon any representation or other information (whether oral or written), other than that furnished to me by CBQ or its representatives; further, I have had the opportunity to discuss with my professional, legal, tax and financial advisers the suitability of an investment in the CBQ Shares for my particular tax and financial situation; and, further, in making the decision to purchase the CBQ Shares, I have relied solely upon independent investigations made by me or on my behalf. (C) I am acquiring the CBQ Shares solely for my own personal account, for investment purposes only, and am not purchasing with a view to, or for, the resale, distribution, subdivision or fractionalization thereof.

Appears in 3 contracts

Samples: Agreement of Purchase (CBQ Inc), Plan and Agreement of Purchase (CBQ Inc), Agreement of Purchase (CBQ Inc)

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Further Representations and Warranties of Shareholders. Shareholders each individually represent and warrant to CBQ as follows: (a) I have the financial ability to bear the economic risks of my investment, have adequate means of providing for my current needs and personal contingencies, and have no need for liquidity in this investment; and, further, I have evaluated the high risks of investing in CBQ and have such knowledge and experience in financial and business matters in general and in particular with respect to this type of investment that I am capable of evaluating the merits and risks of an investment in the CBQ Shares. (b) I have been given the opportunity to ask questions of and receive answers from CBQ concerning the terms and conditions of this investment, and to obtain additional information necessary to verify the accuracy of the information I desired in order to evaluate my investment, and in evaluating the suitability of this investment I have not relied upon any representation or other information (whether oral or written), other than that furnished to me by CBQ or its representatives; further, I have had the opportunity to discuss with my professional, legal, tax and financial advisers the suitability of an investment in the CBQ Shares for my particular tax and financial situation; and, further, in making the decision to purchase the CBQ Shares, I have relied solely upon independent investigations made by me or on my behalf. (Cc) I am acquiring the CBQ Shares solely for my own personal account, for investment purposes only, and am not purchasing with a view to, or for, the resale, distribution, subdivision or fractionalization thereof.

Appears in 1 contract

Samples: Plan and Agreement of Purchase (CBQ Inc)

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