Common use of Investment Purpose in Acquiring the Shares Clause in Contracts

Investment Purpose in Acquiring the Shares. Xxxxxxxxx and the Company acknowledge that the Shares have not been registered under the Securities Act of 1933, as amended (the "Act"), or the securities laws of any state or foreign jurisdiction and will be issued to Xxxxxxxxx in reliance on exemptions from the registration requirements of the Act and of applicable state securities laws and in reliance on Xxxxxxxxx'x representations and agreements contained herein. Xxxxxxxxx is acquiring the Shares for his own account for investment purposes only and not with a view to their resale or distribution. Xxxxxxxxx has no present intention to divide his participation with others or to resell or otherwise dispose of all or any part of the Shares. In making these representations, Xxxxxxxxx understands that in the view of the Securities and Exchange Commission, exemption of the Shares from the registration requirements of the Act would not be available, if, notwithstanding the representations of Xxxxxxxxx, Xxxxxxxxx has in mind merely acquiring the Shares for resale upon the occurrence or nonoccurrence of some predetermined event.

Investment Purpose in Acquiring the Shares. Xxxxxxxxx and the Company acknowledge that the Shares have not been registered under the Securities Act of 1933, as amended (the "Act"), or the securities laws of any state or foreign jurisdiction and will be b e issued to Xxxxxxxxx in reliance on exemptions from the registration requirements of the Act and of applicable state securities laws and in reliance on Xxxxxxxxx'x representations and agreements contained herein. Xxxxxxxxx is acquiring the Shares for his own account for investment purposes only and not with a view to their resale or distribution. Xxxxxxxxx has no present intention to divide his participation with others or to resell or otherwise dispose of all or any part of the Shares. In making these representations, Xxxxxxxxx understands that in the view of the Securities and Exchange Commission, exemption of the Shares from the registration requirements of the Act would not be available, if, notwithstanding the representations of Xxxxxxxxx, Xxxxxxxxx has in mind merely acquiring the Shares for resale upon the occurrence or nonoccurrence of some predetermined event.

Investment Purpose in Acquiring the Shares. Xxxxxxxxx Xxxxxx and the Company acknowledge that the Shares have not been registered under the Securities Act of 1933, as amended (the "Act"), or the securities laws of any state or foreign jurisdiction and will be b e issued to Xxxxxxxxx Xxxxxx in reliance on exemptions from the registration requirements of the Act and of applicable state securities laws and in reliance on Xxxxxxxxx'x Walter's representations and agreements contained herein. Xxxxxxxxx Xxxxxx is acquiring the Shares for his own account for investment purposes only and not with a view to their resale or distribution. Xxxxxxxxx Xxxxxx has no present intention to divide his participation with others or to resell or otherwise dispose of all or any part of the Shares. In making these representations, Xxxxxxxxx Xxxxxx understands that in the view of the Securities and Exchange Commission, exemption of the Shares from the registration requirements of the Act would not be available, if, notwithstanding the representations of XxxxxxxxxXxxxxx, Xxxxxxxxx Xxxxxx has in mind merely acquiring the Shares for resale upon the occurrence or nonoccurrence of some predetermined event.