Common use of Investment Purpose; Disclosure of Information Clause in Contracts

Investment Purpose; Disclosure of Information. (a) The Stockholder has requested, received, reviewed and considered all the information the Stockholder deems necessary, appropriate or relevant as a prudent and knowledgeable investor in evaluating the investment in Purchaser Common Stock, including, without limitation, the Purchaser SEC Documents. The Stockholder further represents that the Stockholder has had an opportunity to ask questions of and receive answers from the Purchaser regarding the terms and conditions of the offering of the shares of Purchaser Common Stock and the business, prospects and financial condition of the Purchaser necessary to verify the accuracy of any information furnished to the Stockholder or to which the Stockholder had access. (b) The Stockholder is acquiring the shares of Purchaser Common Stock pursuant to this Agreement for the Stockholder’s own account for investment purposes only and with no present intention of distributing any Purchaser Common Stock, and no arrangement or understanding exists with any other persons regarding the distribution of Purchaser Common Stock.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Heat Biologics, Inc.), Stock Purchase Agreement (Sorrento Therapeutics, Inc.)

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Investment Purpose; Disclosure of Information. (a) The Stockholder has requested, received, reviewed and considered all the information the Stockholder deems necessary, appropriate or relevant as a prudent and knowledgeable investor in evaluating the investment in shares of Purchaser Common Stock, including, without limitation, the Purchaser SEC DocumentsMemorandum. The Stockholder further represents that the Stockholder has had an opportunity to ask questions of and receive answers from the Purchaser regarding the terms and conditions of the offering of the shares of Purchaser Common Stock and the business, prospects and financial condition of the Purchaser necessary to verify the accuracy of any information furnished to the Stockholder or to which the Stockholder had access. (b) The Stockholder is acquiring the shares of Purchaser Common Stock pursuant to this Agreement for the Stockholder’s own account for investment purposes only and with no present intention of distributing any shares of Purchaser Common Stock, and no arrangement or understanding exists with any other persons regarding the distribution of shares of Purchaser Common Stock.

Appears in 2 contracts

Samples: Share Exchange Agreement (Motus GI Holdings, Inc.), Share Exchange Agreement (Motus GI Holdings, Inc.)

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Investment Purpose; Disclosure of Information. (a) The Stockholder Member has requested, received, reviewed and considered all the information the Stockholder Member deems necessary, appropriate or relevant as a prudent and knowledgeable investor in evaluating the investment in Purchaser Common Stock and the Sorrento Common Stock, including, without limitation, the Purchaser SEC Documents. The Stockholder Member further represents that the Stockholder Member has had an opportunity to ask questions of and receive answers from the Purchaser regarding the terms and conditions of the offering of the shares of Purchaser Common Stock and the Sorrento Common Stock and the business, prospects and financial condition of the Purchaser and Sorrento necessary to verify the accuracy of any information furnished to the Stockholder Member or to which the Stockholder Member had access. (b) The Stockholder Member is acquiring the shares of Purchaser Common Stock or Sorrento Common Stock pursuant to this Agreement in the ordinary course of the Member’s business and for the StockholderMember’s own account for investment purposes only and with no present intention of distributing any Purchaser Common Stock or Sorrento Common Stock, and no arrangement or understanding exists with any other persons regarding the distribution of Purchaser Common Stock or Sorrento Common Stock.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Sorrento Therapeutics, Inc.)

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