Common use of Investor Suitability Clause in Contracts

Investor Suitability. The Purchaser understands and agrees that purchase of the Shares is a high risk investment and the Purchaser is able to afford an investment in a speculative venture having the risks and objectives of the Company and has adequate means of providing for Purchaser’s current financial needs and foreseeable contingencies and has no need for liquidity from its investment in the Shares for an indefinite period of time. The Purchaser must bear the substantial economic risks of the investment in the Shares indefinitely because none of the Shares may be sold, hypothecated or otherwise disposed of unless subsequently registered under the Securities Act and applicable state securities laws or an exemption from such registration is available. The investment is a suitable one for the Purchaser.

Appears in 4 contracts

Samples: Securities Purchase Agreement (AVRA Surgical Robotics, Inc.), Securities Purchase Agreement (Osl Holdings Inc.), Securities Purchase Agreement (AVRA Surgical Robotics, Inc.)

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Investor Suitability. The Purchaser Investor understands and agrees that purchase of the Shares is a high risk investment and the Purchaser Investor is able to afford an investment in a speculative venture having the risks and objectives of the Company and its Subsidiaries and has adequate means of providing for Purchaserthe Investor’s current financial needs and foreseeable contingencies and has no need for liquidity from its investment in the Shares for an indefinite period of time. The Purchaser Investor must bear the substantial economic risks of the investment in the Shares indefinitely because none of the Shares may be sold, hypothecated or otherwise disposed of unless subsequently registered under the Securities Act and applicable state securities laws or an exemption from such registration is available. The investment is a suitable one for the PurchaserInvestor.

Appears in 1 contract

Samples: Purchase Agreement (AVRA Surgical Robotics, Inc.)

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