Common use of Knowledgeable Buyer, No Distribution Clause in Contracts

Knowledgeable Buyer, No Distribution. Buyer is a knowledgeable purchaser, owner and operator of oil and gas properties, has the ability to evaluate the Leases for purchase, and is acquiring the Leases for its own account and not with the intent to make a distribution in violation of the Securities Act of 1933 as amended or in violation of any other applicable securities laws, rules or regulations.

Appears in 2 contracts

Samples: Lease Purchase Agreement (Axiom Oil & Gas Corp.), Lease Purchase Agreement (Energy & Exploration Partners, Inc.)

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Knowledgeable Buyer, No Distribution. Buyer is a knowledgeable purchaser, owner and operator of oil and gas properties, has the ability to evaluate (and in fact has evaluated) the Leases Properties for purchase, and is acquiring the Leases Properties for its own account and not with the intent to make a distribution in violation of the Securities Act of 1933 as amended (and the rules and regulations pertaining thereto) or in violation of any other applicable securities laws, rules or regulations.

Appears in 2 contracts

Samples: Sale and Purchase Agreement (Energen Corp), Agreement of Sale and Purchase (Wiser Oil Co)

Knowledgeable Buyer, No Distribution. Buyer is a knowledgeable purchaser, owner and operator of oil and gas properties, has the ability to evaluate (and has evaluated) the Leases Properties for purchase, and is acquiring the Leases Properties for its own account and not with the intent to make a distribution in violation of the Securities Act of 1933 as amended (and the rules and regulations pertaining thereto) or in violation of any other applicable securities laws, rules or regulations.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (South Texas Oil Co)

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Knowledgeable Buyer, No Distribution. Buyer is a knowledgeable ------------------------------------ purchaser, owner and operator of oil and gas properties, has the ability to evaluate (and in fact has evaluated) the Leases Properties for purchase, and is acquiring the Leases Properties for its own account and not with the intent to make a distribution in violation of the Securities Act of 1933 as amended (and the rules and regulations pertaining thereto) or in violation of any other applicable securities laws, rules or regulations.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Inland Resources Inc)

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