Common use of Investor Sophistication Clause in Contracts

Investor Sophistication. The Subscriber (i) has knowledge and experience in business and financial matters, prior investment experience, including investment in securities that are non-listed, unregistered and/or not traded on a national securities exchange nor on any automated quotation system; (ii) recognizes the highly speculative nature of this investment; and (iii) is able to bear the economic risk that the Subscriber hereby assumes. The Subscriber, if an entity, was not formed for the purpose of purchasing the Shares.

Appears in 5 contracts

Samples: Licensing and Collaboration Agreement (Zymeworks Inc.), Subscription Agreement (Zymeworks Inc.), Licensing and Collaboration Agreement (Zymeworks Inc.)

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