Common use of Parent Common Stock Clause in Contracts

Parent Common Stock. Each of the Shareholders severally represents and warrants to the Parent and Acquisition Corp. as follows: (a) Each of the Shareholders understands that the shares of Parent Common Stock to be issued to such Shareholder hereunder will not have been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders in this Agreement. Such Shareholder understands that the Parent is relying, in part, upon such Shareholder’s representation and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. (b) Each of the Shareholders has such knowledge, skill and experience in business, financial and investment matters so that such Shareholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such Shareholder has deemed it appropriate to do so, such Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (c) Each of the Shareholders has made, either alone or together with such Shareholder’s advisors, such independent investigation of the Parent, its management and related matters as such Shareholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such Shareholder and such advisors have received all information and data that such Shareholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (d) Each of the Shareholders has reviewed such Shareholder’s financial condition and commitments, alone and together with such Shareholder’s advisors, and, based on such review, such Shareholder is satisfied that (A) the Shareholder has adequate means of providing for the Shareholder’s financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Shareholder’s entire investment in the Parent Common Stock, (B) the Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such Shareholder shall furnish any additional information about the Shareholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (e) Each of the Shareholders understands that the shares of the Parent Common Stock to be received by the Shareholders in the transactions contemplated hereby will be “restricted securities” under applicable federal securities laws and that the Securities Act and the rules of the SEC promulgated thereunder provide in substance that the Shareholders may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available, including but not limited to Rule 144 promulgated under the Securities Act. Each of the Shareholders further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders understands that such Shareholders may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders pursuant to the transactions contemplated hereby for an indefinite period of time. (f) Except as provided in Article XIII, each of the Shareholders is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (g) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: “The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws.”

Appears in 3 contracts

Samples: Merger Agreement (Marchex Inc), Merger Agreement (Marchex Inc), Merger Agreement (Marchex Inc)

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Parent Common Stock. Each of the Shareholders severally The Sole Stockholder, acknowledges, represents and warrants to the Parent and Acquisition Corp. as follows: (ai) Each of the Shareholders The Sole Stockholder understands that the shares of Parent Common Stock to be issued to such Shareholder hereunder the Sole Stockholder in the Merger will not have been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Sole Stockholder in this Agreement. Such Shareholder The Sole Stockholder understands that the Parent is relying, in part, upon such Shareholderthe Sole Stockholder’s representation and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. (bii) Each of the Shareholders The Sole Stockholder has such knowledge, skill and experience in business, financial and investment matters so that such Shareholder the Sole Stockholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such Shareholder the Sole Stockholder has deemed it appropriate to do so, such Shareholder the Sole Stockholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders The Sole Stockholder has made, either alone or together with such Shareholderthe Sole Stockholder’s advisors, such independent investigation of the Parent, its management and related matters as such Shareholder the Sole Stockholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such Shareholder the Sole Stockholder and such advisors have received all information and data that such Shareholder the Sole Stockholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (div) Each of the Shareholders The Sole Stockholder has reviewed such Shareholderthe Sole Stockholder’s financial condition and commitments, alone and together with such Shareholderthe Sole Stockholder’s advisors, and, based on such review, such Shareholder the Sole Stockholder is satisfied that (A) the Shareholder Sole Stockholder has adequate means of providing for the ShareholderSole Stockholder’s financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the ShareholderSole Stockholder’s entire investment in the Parent Common Stock, (B) the Shareholder Sole Stockholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder Sole Stockholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such Shareholder The Sole Stockholder shall furnish any additional information about the Shareholder Sole Stockholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (ev) Each of the Shareholders The Sole Stockholder understands that the shares of the Parent Common Stock to be received by the Shareholders Sole Stockholder in the transactions contemplated hereby will be “restricted securities” under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission (the “SEC”) promulgated thereunder provide in substance that the Shareholders Sole Stockholder may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available, including but not limited to Rule 144 promulgated under the Securities Act. Each The Sole Stockholder further understands that, except as provided in the Registration Rights Agreement (as defined in Section 10.6 hereof), the Parent has no obligation or intention to register the sale of any of the Shareholders shares of the Parent Common stock to be received by the Sole Stockholder in the transactions contemplated hereby, or take any other action so as to permit sales pursuant to, the Securities Act. Accordingly, the Sole Stockholder understands that the Sole Stockholder may dispose of such shares only in transactions which are of a type exempt from registration under the Securities Act, including (without limitation) a “private placement,” in which event the transferee will acquire such shares as “restricted securities” and subject to the same limitations as in the hands of the Sole Stockholder. The Sole Stockholder further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Sole Stockholder understands that such Shareholders the Sole Stockholder may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders the Sole Stockholder pursuant to the transactions contemplated hereby for an indefinite period of time. (fvi) Except as provided in Article XIII, each of the Shareholders The Sole Stockholder is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gvii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: “The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws.”

Appears in 3 contracts

Samples: Merger Agreement (Marchex Inc), Merger Agreement (Marchex Inc), Merger Agreement (Marchex Inc)

Parent Common Stock. Each of the Shareholders severally Equityholders represents and warrants to the Parent and Acquisition Corp. Buyer as follows: (ai) Each of the Shareholders Equityholders understands that the shares of Parent Common Stock to be issued to such Shareholder hereunder Equityholder as part of the Purchase Price will not have been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Equityholders in this Agreement. Such Shareholder Equityholder understands that the Parent is relying, in part, upon such ShareholderEquityholder’s representation and warranties contained in this Section 4.2 3.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. (bii) Each of the Shareholders Equityholders has such knowledge, skill and experience in business, financial and investment matters so that such Shareholder Equityholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such Shareholder Equityholder has deemed it appropriate to do so, such Shareholder Equityholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders Equityholders, other than the Employee Equityholders, is an “accredited investor” within the meaning of Regulation D under the Securities Act. (iv) Each of the Equityholders has made, either alone or together with such ShareholderEquityholder’s advisors, such independent investigation of the Parent, its management and related matters as such Shareholder Equityholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such Shareholder Equityholder and such advisors have received all information and data that such Shareholder Equityholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (dv) Each of the Shareholders Equityholders has reviewed such ShareholderEquityholder’s financial condition and commitments, alone and together with such ShareholderEquityholder’s advisors, and, based on such review, such Shareholder Equityholder is satisfied that (A) the Shareholder Equityholder has adequate means of providing for the ShareholderEquityholder’s financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the ShareholderEquityholder’s entire investment in the Parent Common Stock, (B) the Shareholder Equityholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder Equityholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such Shareholder Equityholder shall furnish any additional information about the Shareholder Equityholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (evi) Each Notwithstanding Article XII, each of the Shareholders Equityholders understands that the shares of the Parent Common Stock to be received by the Shareholders Equityholders in the transactions contemplated hereby will be “restricted securities” under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission (the “SEC”) promulgated thereunder provide in substance that the Shareholders Equityholders may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available, including but not limited to Rule 144 promulgated under the Securities Act. Each of the Shareholders Equityholders further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Equityholders understands that such Shareholders Equityholders may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders Equityholders pursuant to the transactions contemplated hereby for an indefinite period of time. (fvii) Except as provided in Article XIIIXII, each of the Shareholders Equityholders is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gviii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: “The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws.”

Appears in 2 contracts

Samples: Asset Purchase Agreement (Marchex Inc), Asset Purchase Agreement (Marchex Inc)

Parent Common Stock. Each of the Shareholders severally represents and warrants to the Parent Parent, First Acquisition Corp. and Second Acquisition Corp. as follows: (a) Each of the Shareholders understands that the shares of Parent Common Stock to be issued to such Shareholder hereunder in connection with the Step One Merger will not have been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders in this Agreement. Such Shareholder understands that the Parent is relying, in part, upon such Shareholder’s representation and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. (b) Each of the Shareholders has such knowledge, skill and experience in business, financial and investment matters so that such Shareholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such Shareholder has deemed it appropriate to do so, such Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (c) Each of the Shareholders has made, either alone or together with such Shareholder’s advisors, such independent investigation of the Parent, its management and related matters as such Shareholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such Shareholder and such advisors have received all information and data that such Shareholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (d) Each of the Shareholders has reviewed such Shareholder’s financial condition and commitments, alone and together with such Shareholder’s advisors, and, based on such review, such Shareholder is satisfied that (A) the Shareholder has adequate means of providing for the Shareholder’s financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Shareholder’s entire investment in the Parent Common Stock, (B) the Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such Shareholder shall furnish any additional information about the Shareholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (e) Each of the Shareholders understands that the shares of the Parent Common Stock to be received by the Shareholders in the transactions contemplated hereby will be “restricted securities” under applicable federal securities laws and that the Securities Act and the rules of the SEC promulgated thereunder provide in substance that the Shareholders may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available, including but not limited to Rule 144 promulgated under the Securities Act. Each of the Shareholders further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders understands that such Shareholders may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders pursuant to the transactions contemplated hereby for an indefinite period of time. (f) Except as provided in Article XIIIXII, each of the Shareholders is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (g) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: “The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws.”

Appears in 2 contracts

Samples: Merger Agreement (Marchex Inc), Merger Agreement (Marchex Inc)

Parent Common Stock. Each of the Shareholders Shareholder severally acknowledges, represents and warrants to the Parent and Acquisition Corp. as follows: (ai) Each of the Shareholders The Shareholder understands that the shares of Parent Common Stock to be issued to such the Shareholder hereunder in the Merger will not have been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Shareholder in this Agreement. Such The Shareholder understands that the Parent is relying, in part, relying upon such the Shareholder’s representation 's representations and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. The information contained in the Investor Questionnaire executed by such Shareholder and delivered to Parent in connection with this Agreement is accurate, complete and correct. (bii) Each of the Shareholders The Shareholder has such knowledge, skill and experience in business, financial and investment matters so that such the Shareholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such the Shareholder has deemed it appropriate to do so, such the Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders The Shareholder has made, either alone or together with such the Shareholder’s 's advisors, such independent investigation of the Parent, its management and related matters as such the Shareholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such the Shareholder and such advisors have received all information and data that such the Shareholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (div) Each of the Shareholders The Shareholder has reviewed such the Shareholder’s 's financial condition and commitments, alone and together with such the Shareholder’s 's advisors, and, based on such review, such the Shareholder is satisfied that (A) the Shareholder has adequate means of providing for the Shareholder’s 's financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Shareholder’s 's entire investment in the Parent Common Stock, (B) the Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such The Shareholder shall furnish any additional information about the Shareholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (ev) Each of the Shareholders The Shareholder understands that the shares of the Parent Common Stock to be received by the Shareholders Shareholder in the transactions contemplated hereby will be "restricted securities" under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission promulgated thereunder provide in substance that the Shareholders Shareholder may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available. The Shareholder further understands that, including but not limited except as provided in Article XII, the Parent has no obligation or intention to Rule 144 promulgated register the sale of any of the shares of the Parent Common Stock to be received by the Shareholder in the transactions contemplated hereby, or take any other action so as to permit sales pursuant to, the Securities Act. Accordingly, except as provided in Article XII, the Shareholder understands that the Shareholder may dispose of such shares only in transactions which are of a type exempt from registration under the Securities Act. Each , including (without limitation) a "private placement," in which event the transferee will acquire such shares as "restricted securities" and subject to the same limitations as in the hands of the Shareholders Shareholder. The Shareholder further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Shareholder understands that such Shareholders the Shareholder may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders the Shareholder pursuant to the transactions contemplated hereby for an indefinite period of time. (fvi) Except as provided in Article XIII, each of the Shareholders The Shareholder is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gvii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws."

Appears in 2 contracts

Samples: Merger Agreement (Lycos Inc), Merger Agreement (Lycos Inc)

Parent Common Stock. Each of the Shareholders severally represents and warrants to the Parent and Acquisition Corp. as follows: (a) Each of the Shareholders understands that the If any certificate representing shares of Parent Common Stock is to be issued to in a name other than that in which the Certificate surrendered in exchange therefor is registered, it shall be a condition of such Shareholder hereunder will not have been registered under exchange that the Securities Act Certificate(s) so surrendered shall be properly endorsed for transfer (or accompanied by an appropriate instrument of 1933transfer) and shall otherwise be in proper form for transfer, as amended (and that the “Securities Act”), Person requesting such exchange shall pay any transfer or any state securities law other taxes required by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders in this Agreement. Such Shareholder understands that the Parent is relying, in part, upon such Shareholder’s representation and warranties contained in this Section 4.2 for the purpose issuance of determining whether this transaction meets the requirements certificates for such exemptionsshares of Parent Common Stock in a name other than that of the registered holder of the Certificate surrendered, or shall establish to the satisfaction of Parent that any such taxes have been paid or are not applicable. (b) Each Notwithstanding any other provision of the Shareholders has such knowledgethis Article II, skill and experience in business, financial and investment matters so that such Shareholder is capable no fractional shares of evaluating the merits and risks of an investment in the Parent Common Stock pursuant will be issued and any holder of shares of Company Capital Stock entitled hereunder to the transactions contemplated by this Agreement or to the extent that such Shareholder has deemed it appropriate to do so, such Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences receive a fractional share of an investment in Parent Common Stock pursuant (after aggregating all fractional shares of Parent Common Stock that would otherwise be received by such holder) but for this Section 2.4(b) will be entitled to receive a cash payment in lieu of such fractional share of Parent Common Stock in an amount equal to such fraction multiplied by the average of the closing prices of Parent Common Stock on the Nasdaq National Market as reported in The Wall Street Journal over the five (5) trading days ending on the trading day immediately prior to the transactions contemplated by this AgreementClosing (the “Share Price”). (c) Each If a Stockholder shall receive shares of Parent Common Stock, then upon the Shareholders has maderequest of Parent at any time prior to December 31, either alone or together with such Shareholder’s advisors, such independent investigation of the Parent, its management and related matters as such Shareholder deems to be, or such advisors have advised to be, necessary or advisable 2013 in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such Shareholder and such advisors have received all information and data that such Shareholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability underwritten public offering of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (d) Each shares of the Shareholders has reviewed such Shareholder’s financial condition and commitments, alone and together with such Shareholder’s advisors, and, based on such review, such Shareholder is satisfied that (A) the Shareholder has adequate means of providing for the Shareholder’s financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Shareholder’s entire investment in the Parent Common Stock, (B) the Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder is capable of bearing the economic risk of an investment such Stockholder shall enter into a lock-up agreement in the Parent Common Stock for the indefinite future. Such Shareholder shall furnish any additional information about the Shareholder a form reasonably requested by the Parent underwriters for such offering; provided, however, that under no circumstances shall a Stockholder be obligated to assure the compliance of this transaction with applicable federal and state securities laws. (e) Each of the Shareholders understands that the shares of the Parent Common Stock to be received by the Shareholders in the transactions contemplated hereby will be “enter into, or otherwise restricted securities” under applicable federal securities laws and that the Securities Act and the rules of the SEC promulgated thereunder provide in substance that the Shareholders may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available, including but not limited to Rule 144 promulgated under the Securities Act. Each of the Shareholders further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders understands that such Shareholders may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders pursuant a lock-up agreement, to the transactions contemplated hereby extent the lock-up period provided for an indefinite period of timetherein extends past the date which is six (6) months from and after the Effective Time. (f) Except as provided in Article XIII, each of the Shareholders is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (g) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: “The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws.”

Appears in 1 contract

Samples: Merger Agreement (Sangamo Biosciences Inc)

Parent Common Stock. Each of the Shareholders severally Stockholder acknowledges, represents and warrants to the Parent and Acquisition Corp. as follows: (ai) Each of the Shareholders Such Stockholder understands that the shares of Parent Common Stock to be issued to such Shareholder hereunder Stockholder in the Merger will not have been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Stockholder in this Agreement. Such Shareholder Stockholder understands that the Parent is relying, in part, relying upon such Shareholder’s the Stockholder's representation and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. (bii) Each of the Shareholders Such Stockholder has such knowledge, skill and experience in business, financial and investment matters so that such Shareholder the Stockholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such Shareholder the Stockholder has deemed it appropriate to do so, such Shareholder the Stockholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders Such Stockholder has made, either alone or together with such Shareholder’s the Stockholder's advisors, such independent investigation of the Parent, its management and related matters as such Shareholder the Stockholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such Shareholder the Stockholder and such advisors have received all information and data that such Shareholder the Stockholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (div) Each of the Shareholders Such Stockholder has reviewed such Shareholder’s the Stockholder's financial condition and commitments, alone and together with such Shareholder’s the Stockholder's advisors, and, based on such review, such Shareholder the Stockholder is satisfied that (A) the Shareholder Stockholder has adequate means of providing for the Shareholder’s Stockholder's financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Shareholder’s Stockholder's entire investment in the Parent Common Stock, (B) the Shareholder Stockholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder Stockholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such Shareholder Stockholder shall furnish any additional information about the Shareholder Stockholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (ev) Each of the Shareholders Such Stockholder understands that the shares of the Parent Common Stock to be received by the Shareholders Stockholder in the transactions contemplated hereby will be "restricted securities" under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission (the "SEC") promulgated thereunder provide in substance that the Shareholders Stockholder may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available. Such Stockholder further understands that, including but not limited except as provided in Article XII, the Parent has no obligation or intention to Rule 144 promulgated register the sale of any of the shares of the Parent Common stock to be received by the Stockholder in the transactions contemplated hereby, or take any other action so as to permit sales pursuant to, the Securities Act. Accordingly, except as provided in Article XIII, the Stockholder understands that the Stockholder may dispose of such shares only in transactions which are of a type exempt from registration under the Securities Act. Each , including (without limitation) a "private placement," in which event the transferee will acquire such shares as "restricted securities" and subject to the same limitations as in the hands of the Shareholders Stockholder. Such Stockholder further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Stockholder understands that such Shareholders the Stockholder may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders the Stockholder pursuant to the transactions contemplated hereby for an indefinite period of time. (fvi) Except as provided in Article XIII, each of the Shareholders such Stockholder is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gvii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws."

Appears in 1 contract

Samples: Merger Agreement (Go2net Inc)

Parent Common Stock. Each of the Shareholders severally The Sole Stockholder represents and warrants to the Parent and Acquisition Corp. Buyer as follows: (ai) Each of the Shareholders The Sole Stockholder understands that the shares of Parent Common Stock to be issued to such Shareholder hereunder Sole Stockholder as part of the Purchase Price will not have been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Sole Stockholder in this Agreement. Such Shareholder Sole Stockholder understands that the Parent is relying, in part, upon such Shareholderthe Sole Stockholder’s representation and warranties contained in this Section 4.2 3.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. (bii) Each of the Shareholders The Sole Stockholder has such knowledge, skill and experience in business, financial and investment matters so that such Shareholder the Sole Stockholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such Shareholder the Sole Stockholder has deemed it appropriate to do so, such Shareholder the Sole Stockholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders The Sole Stockholder has made, either alone or together with such Shareholderthe Sole Stockholder’s advisors, such independent investigation of the Parent, its management and related matters as such Shareholder the Sole Stockholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such Shareholder the Sole Stockholder and such advisors have received all information and data that such Shareholder the Sole Stockholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (div) Each of the Shareholders The Sole Stockholder has reviewed such Shareholderthe Sole Stockholder’s financial condition and commitments, alone and together with such Shareholderthe Sole Stockholder’s advisors, and, based on such review, such Shareholder the Sole Stockholder is satisfied that (A) the Shareholder Sole Stockholder has adequate means of providing for the ShareholderSole Stockholder’s financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the ShareholderSole Stockholder’s entire investment in the Parent Common Stock, (B) the Shareholder Sole Stockholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder Sole Stockholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such Shareholder Sole Stockholder shall furnish any additional information about the Shareholder Sole Stockholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (ev) Each of the Shareholders The Sole Stockholder understands that the shares of the Parent Common Stock to be received by the Shareholders Sole Stockholder in the transactions contemplated hereby will be “restricted securities” under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission (the “SEC”) promulgated thereunder provide in substance that the Shareholders Sole Stockholder may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available, including but not limited to Rule 144 promulgated under the Securities Act. Each of the Shareholders The Sole Stockholder further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Sole Stockholder understands that such Shareholders the Sole Stockholder may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders the Sole Stockholder pursuant to the transactions contemplated hereby for an indefinite period of time. (fvi) Except as provided in Article XIIIXII, each of the Shareholders Sole Stockholder is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gvii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: “The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws.”

Appears in 1 contract

Samples: Asset Purchase Agreement (Marchex Inc)

Parent Common Stock. Each of the Shareholders Principal Shareholder severally acknowledges, represents and warrants to the Parent and Acquisition Corp. as follows: (ai) Each of the Shareholders The Shareholder understands that the shares of Parent Common Stock to be issued to such the Shareholder hereunder in the Merger will not have been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Shareholder in this Agreement. Such The Shareholder understands that the Parent is relying, in part, relying upon such the Shareholder’s 's representation and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. The information contained in the Investor Questionnaire executed by such Shareholder and delivered to Parent in connection with this Agreement is accurate, complete and correct. (bii) Each of the Shareholders The Shareholder has such knowledge, skill and experience in business, financial and investment matters so that such the Shareholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such the Shareholder has deemed it appropriate to do so, such the Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders The Shareholder has made, either alone or together with such the Shareholder’s 's advisors, such independent investigation of the Parent, its management and related matters as such the Shareholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such the Shareholder and such advisors have received all information and data that such the Shareholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (div) Each of the Shareholders The Shareholder has reviewed such the Shareholder’s 's financial condition and commitments, alone and together with such the Shareholder’s 's advisors, and, based on such review, such the Shareholder is satisfied that (A) the Shareholder has adequate means of providing for the Shareholder’s 's financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Shareholder’s 's entire investment in the Parent Common Stock, (B) the Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such The Shareholder shall furnish any additional information about the Shareholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (ev) Each of the Shareholders The Shareholder understands that the shares of the Parent Common Stock to be received by the Shareholders Principal Shareholder in the transactions contemplated hereby will be "restricted securities" under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission (the "SEC") promulgated thereunder provide in substance that the Shareholders Shareholder may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available. The Shareholder further understands that, including but not limited except as provided in Article XII, the Parent has no obligation or intention to Rule 144 promulgated register the sale of any of the shares of the Parent Common stock to be received by the Shareholder in the transactions contemplated hereby, or take any other action so as to permit sales pursuant to, the Securities Act. Accordingly, except as provided in Article XII, the Shareholder understands that the Shareholder may dispose of such shares only in transactions which are of a type exempt from registration under the Securities Act. Each , including (without limitation) a "private placement," in which event the transferee will acquire such shares as "restricted securities" and subject to the same limitations as in the hands of the Shareholders Shareholder. The Shareholder further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Shareholder understands that such Shareholders the Shareholder may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders the Shareholder pursuant to the transactions contemplated hereby for an indefinite period of time. (fvi) Except as provided in Article XIII, each of the Shareholders The Shareholder is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gvii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws."

Appears in 1 contract

Samples: Merger Agreement (Go2net Inc)

Parent Common Stock. Each of the Shareholders Shareholder, severally and not jointly, acknowledges, represents and warrants to the Parent and Acquisition Corp. as follows: (ai) Each of the Shareholders Such Shareholder understands that the shares of Parent Common Stock to be issued to such Shareholder hereunder in the Merger will not have been registered under the Securities Act of 1933, as amended (the “Securities Act”"SECURITIES ACT"), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Shareholder in this Agreement. Such Shareholder understands that the Parent is relying, in part, upon such the Shareholder’s 's representation and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. (bii) Each of the Shareholders Such Shareholder has such knowledge, skill and experience in business, financial and investment matters so that such the Shareholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such the Shareholder has deemed it appropriate to do so, such the Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders Such Shareholder has made, either alone or together with such the Shareholder’s 's advisors, such independent investigation of the Parent, its management and related matters as such the Shareholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such the Shareholder and such advisors have received all information and data that such the Shareholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (div) Each of the Shareholders Such Shareholder has reviewed such the Shareholder’s 's financial condition and commitments, alone and together with such the Shareholder’s 's advisors, and, based on such review, such the Shareholder is satisfied that (A) the Shareholder has adequate means of providing for the Shareholder’s 's financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he or she could bear the risk of loss of the Shareholder’s his or her entire investment in the Parent Common Stock, (B) the Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such Shareholder shall furnish any additional information about the Shareholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (ev) Each of the Shareholders Such Shareholder understands that the shares of the Parent Common Stock to be received by the Shareholders Shareholder in the transactions contemplated hereby will be “restricted securities” "RESTRICTED SECURITIES" under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission (the "SEC") promulgated thereunder provide in substance that the Shareholders Shareholder may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available. Such Shareholder further understands that, including but not limited the Parent has no obligation or intention to Rule 144 promulgated under register the sale of any of the shares of the Parent Common stock to be received by the Shareholder in the transactions contemplated hereby, or take any other action so as to permit sales pursuant to, the Securities Act. Each of the Shareholders Such Shareholder further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Shareholder understands that such Shareholders the Shareholder may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders the Shareholder pursuant to the transactions contemplated hereby for an indefinite period of time. (fvi) Except as provided in Article XIII, each of the Shareholders Such Shareholder is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gvii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legendlegends: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws." "The shares represented by this certificate are subject to certain restrictions on transfer and other dispositions pursuant to a lock-up letter dated as of August 20, 1999. A copy of such lock-up letter is maintained at the offices of the Corporation by the Secretary of the Corporation."

Appears in 1 contract

Samples: Merger Agreement (Mail Com Inc)

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Parent Common Stock. Each of the Shareholders Principal Shareholder severally acknowledges, represents and warrants to the Parent and Acquisition Corp. as follows: (ai) Each of the Shareholders The Shareholder understands that the shares of Parent Common Stock to be issued to such the Shareholder hereunder in the Merger will not have been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Shareholder in this Agreement. Such The Shareholder understands that the Parent is relying, in part, relying upon such the Shareholder’s 's representation and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. The information contained in the Investor Questionnaire executed by such Shareholder and delivered to Parent in connection with this Agreement is accurate, complete and correct. (bii) Each of the Shareholders The Shareholder has such knowledge, skill and experience in business, financial and investment matters so that such the Shareholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such the Shareholder has deemed it appropriate to do so, such the Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders The Shareholder has made, either alone or together with such the Shareholder’s 's advisors, such independent investigation of the Parent, its management and related matters as such the Shareholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such the Shareholder and such advisors have received all information and data that such the Shareholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (div) Each of the Shareholders The Shareholder has reviewed such the Shareholder’s 's financial condition and commitments, alone and together with such the Shareholder’s 's advisors, and, based on such review, such the Shareholder is satisfied that (A) the Shareholder has adequate means of providing for the Shareholder’s 's financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Shareholder’s 's entire investment in the Parent Common Stock, (B) the Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such The Shareholder shall furnish any additional information about the Shareholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (ev) Each of the Shareholders The Shareholder understands that the shares of the Parent Common Stock to be received by the Shareholders Principal Shareholder in the transactions contemplated hereby will be "restricted securities" under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission promulgated thereunder provide in substance that the Shareholders Shareholder may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available. The Shareholder further understands that, including but not limited except as provided in Article XII, the Parent has no obligation or intention to Rule 144 promulgated register the sale of any of the shares of the Parent Common stock to be received by the Shareholder in the transactions contemplated hereby, or take any other action so as to permit sales pursuant to, the Securities Act. Accordingly, except as provided in Article XII, the Shareholder understands that the Shareholder may dispose of such shares only in transactions which are of a type exempt from registration under the Securities Act. Each , including (without limitation) a "private placement," in which event the transferee will acquire such shares as "restricted securities" and subject to the same limitations as in the hands of the Shareholders Shareholder. The Shareholder further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Shareholder understands that such Shareholders the Shareholder may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders the Shareholder pursuant to the transactions contemplated hereby for an indefinite period of time. (fvi) Except as provided in Article XIII, each of the Shareholders The Shareholder is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gvii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws."

Appears in 1 contract

Samples: Merger Agreement (Lycos Inc)

Parent Common Stock. Each of the Shareholders Principal Shareholder severally acknowledges, represents and warrants to the Parent and Acquisition Corp. as follows: (ai) Each of the Shareholders The Principal Shareholder understands that the shares of Parent Common Stock to be issued to such the Principal Shareholder hereunder in the Merger will not have been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Principal Shareholder in this Agreement. Such The Principal Shareholder understands that the Parent is relying, in part, relying upon such the Principal Shareholder’s representation 's representations and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. The information contained in the Investor Questionnaire executed by such Principal Shareholder and delivered to Parent in connection with this Agreement is accurate, complete and correct. (bii) Each of the Shareholders The Principal Shareholder has such knowledge, skill and experience in business, financial and investment matters so that such the Principal Shareholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such the Principal Shareholder has deemed it appropriate to do so, such the Principal Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders The Principal Shareholder has made, either alone or together with such the Principal Shareholder’s 's advisors, such independent investigation of the Parent, its management and related matters as such the Principal Shareholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such the Principal Shareholder and such advisors have received all information and data that such the Principal Shareholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (div) Each of the Shareholders The Principal Shareholder has reviewed such the Principal Shareholder’s 's financial condition and commitments, alone and together with such the Principal Shareholder’s 's advisors, and, based on such review, such the Principal Shareholder is satisfied that (A) the Principal Shareholder has adequate means of providing for the Principal Shareholder’s 's financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Principal Shareholder’s 's entire investment in the Parent Common Stock, (B) the Principal Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, indebtedness and (C) the Principal Shareholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such The Principal Shareholder shall furnish any additional information about the Principal Shareholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (ev) Each of the Shareholders The Principal Shareholder understands that the shares of the Parent Common Stock to be received by the Shareholders Principal Shareholder in the transactions contemplated hereby will be "restricted securities" under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission promulgated thereunder provide in substance that the Shareholders Principal Shareholder may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available. The Principal Shareholder further understands that, including but not limited except as provided in Article XII, the Parent has no obligation or intention to Rule 144 promulgated register the sale of any of the shares of the Parent Common Stock to be received by the Principal Shareholder in the transactions contemplated hereby, or take any other action so as to permit sales pursuant to, the Securities Act. Accordingly, except as provided in Article XII, the Principal Shareholder understands that the Principal Shareholder may dispose of such shares only in transactions which are of a type exempt from registration under the Securities Act. Each , including (without limitation) a "private placement," in which event the transferee will acquire such shares as "restricted securities" and subject to the same limitations as in the hands of the Shareholders Principal Shareholder. The Principal Shareholder further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Principal Shareholder understands that such Shareholders the Principal Shareholder may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders the Principal Shareholder pursuant to the transactions contemplated hereby for an indefinite period of time. (fvi) Except as provided in Article XIII, each of the Shareholders The Principal Shareholder is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gvii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws."

Appears in 1 contract

Samples: Merger Agreement (On2com Inc)

Parent Common Stock. Each of the Shareholders severally The Shareholder acknowledges, represents and warrants to the Parent and Acquisition Corp. as follows: (ai) Each of the Shareholders The Shareholder understands that the shares of Parent Common Stock to be issued to such the Shareholder hereunder in the Merger will not have been registered under the Securities Act of 1933, as amended (the “Securities Act”"SECURITIES ACT"), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Shareholder in this Agreement. Such The Shareholder understands that the Parent is relying, in part, upon such the Shareholder’s 's representation and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. (bii) Each of the Shareholders The Shareholder has such knowledge, skill and experience in business, financial and investment matters so that such the Shareholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such the Shareholder has deemed it appropriate to do so, such the Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders The Shareholder has made, either alone or together with such the Shareholder’s 's advisors, such independent investigation of the Parent, its management and related matters as such the Shareholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such the Shareholder and such his advisors have received all information and data that such the Shareholder and such his advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (div) Each of the Shareholders The Shareholder has reviewed such the Shareholder’s 's financial condition and commitments, alone and together with such the Shareholder’s 's advisors, and, based on such review, such the Shareholder is satisfied that (A) the Shareholder has adequate means of providing for the Shareholder’s 's financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Shareholder’s 's entire investment in the Parent Common Stock, (B) the Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such The Shareholder shall furnish any additional information about the Shareholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (ev) Each of the Shareholders The Shareholder understands that the shares of the Parent Common Stock to be received by the Shareholders Shareholder in the transactions contemplated hereby will be "restricted securities" under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission (the "SEC") promulgated thereunder provide in substance that the Shareholders Shareholder may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available. The Shareholder further understands that, including but not limited except as provided in Article XIII, the Parent has no obligation or intention to Rule 144 promulgated register the sale of any of the shares of the Parent Common stock to be received by the Shareholder in the transactions contemplated hereby, or take any other action so as to permit sales pursuant to, the Securities Act. Accordingly, except as provided in Article XIII, the Shareholder understands that the Shareholder may dispose of such shares only in transactions which are of a type exempt from registration under the Securities Act. Each , including (without limitation) a "private placement," in which event the transferee will acquire such shares as "restricted securities" and subject to the same limitations as in the hands of the Shareholders Shareholder. The Shareholder further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Shareholder understands that such Shareholders the Shareholder may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders the Shareholder pursuant to the transactions contemplated hereby for an indefinite period of time. (fvi) Except as provided in Article XIII, each of the Shareholders Shareholder is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gvii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws."

Appears in 1 contract

Samples: Agreement and Plan of Merger (Go2net Inc)

Parent Common Stock. Each In connection with the issuance of the Shareholders severally Parent Common Stock contemplated by this Agreement, Seller represents and warrants to the Parent and Acquisition Corp. as follows: (ai) Each of Seller is acquiring the Shareholders understands that the shares of Parent Common Stock to be issued to such Shareholder hereunder will for investment for Seller’s own account only, not have been registered under as a nominee or agent, and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the Securities Act of 1933, as amended and in effect from time to time, and the rules and regulations promulgated thereunder (collectively, the “Securities Act”). Seller has no present intention of selling, granting any participation in, or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders in this Agreement. Such Shareholder understands that otherwise distributing the Parent is relyingCommon Stock other than to the Equityholders. Seller does not have any Contract with any Person to sell, in parttransfer or grant participations to such Person or to any other Person, upon such Shareholder’s representation and warranties contained in this Section 4.2 for with respect to any of the purpose of determining whether this transaction meets the requirements for such exemptionsParent Common Stock. (bii) Each At no time was Seller presented with or solicited by any publicly issued or circulated newspaper, mail, radio, television or other form of general advertising or solicitation in connection with the offer, sale and purchase of the Shareholders Parent Common Stock by Purchaser, Parent or their agents or Affiliates. (iii) Seller is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act. (iv) Seller has been furnished with, and has had access to, such knowledgeinformation as Seller considers necessary or appropriate in connection with the acquisition of the Parent Common Stock, skill and Seller has had an opportunity to ask questions and receive answers from Purchaser and Parent regarding the terms and conditions of the delivery of the Parent Common Stock. (v) Seller has knowledge and experience in business, financial and investment business matters so that such Shareholder and acknowledges it is capable of evaluating the merits and risks of an investment this prospective investment, has the capacity to protect its own interests in connection with this transaction, and is financially capable of bearing a total loss of the Parent Common Stock. (vi) Seller is fully aware of: (A) the highly speculative nature of the Parent Common Stock; (B) the financial hazards involved; (C) the lack of liquidity of the Parent Common Stock; and (D) the Tax consequences of issuing the Parent Common Stock. (vii) Seller understands that the Parent Common Stock pursuant to has not been, and will not be, registered under the transactions contemplated Securities Act, by this Agreement or to reason of a specific exclusion from the extent that such Shareholder has deemed it appropriate to do so, such Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (c) Each registration provisions of the Shareholders has madeSecurities Act which depends upon, either alone or together with such Shareholder’s advisorsamong other things, such independent investigation the bona fide nature of the Parent, its management investment intent and related matters the accuracy of Seller’s and the Equityholder’s representations and warranties as such Shareholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such Shareholder and such advisors have received all information and data that such Shareholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (d) Each of the Shareholders has reviewed such Shareholder’s financial condition and commitments, alone and together with such Shareholder’s advisors, and, based on such review, such Shareholder is satisfied that (A) the Shareholder has adequate means of providing for the Shareholder’s financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Shareholder’s entire investment in the Parent Common Stock, (B) the Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Shareholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite futureexpressed herein. Such Shareholder shall furnish any additional information about the Shareholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (e) Each of the Shareholders Seller understands that the shares of the Parent Common Stock to be received by the Shareholders in the transactions contemplated hereby will be constitute “restricted securities” under applicable U.S. federal and state securities laws and that that, pursuant to these laws, Seller must hold the shares of Parent Common Stock indefinitely unless they are registered with the Securities Act Exchange Commission and the rules of the SEC promulgated thereunder provide in substance that the Shareholders may dispose of such shares only pursuant to an effective registration statement under the Securities Act qualified by state authorities, or an exemption from such registration and qualification requirements is available. Seller acknowledges that Purchaser has no obligation to register or qualify the Parent Common Stock for resale. Seller further acknowledges that if an exemption from registration or qualification is available, it may be conditioned on various requirements, including but not limited the time and manner of sale, the holding period for the Parent Common Stock, and on requirements relating to Purchaser which are outside of Seller’s control. Seller is aware of the provisions of Rule 144 promulgated under the Securities Act. Each of the Shareholders further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders understands that such Shareholders may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders pursuant to the transactions contemplated hereby for an indefinite period of time. (f) Except as provided in Article XIII, each of the Shareholders is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (g) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: “The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws.”

Appears in 1 contract

Samples: Asset Purchase Agreement (Medicine Man Technologies, Inc.)

Parent Common Stock. Each of the Shareholders severally The Principal Shareholder acknowledges, represents and warrants to the Parent and Acquisition Corp. as follows: (ai) Each of the Shareholders The Principal Shareholder understands that the shares of Parent Common Stock to be issued to such the Principal Shareholder hereunder in the Merger will not have been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Principal Shareholder in this Agreement. Such The Principal Shareholder understands that the Parent is relying, in part, relying upon such the Principal Shareholder’s 's representation and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. (bii) Each of the Shareholders The Principal Shareholder has such knowledge, skill and experience in business, financial and investment matters so that such the Principal Shareholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such the Principal Shareholder has deemed it appropriate to do so, such the Principal Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders The Principal Shareholder has made, either alone or together with such the Principal Shareholder’s 's advisors, such independent investigation of the Parent, its management and related matters as such the Principal Shareholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such the Principal Shareholder and such advisors have received all information and data that such the Principal Shareholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (div) Each of the Shareholders The Principal Shareholder has reviewed such the Principal Shareholder’s 's financial condition and commitments, alone and together with such the Principal Shareholder’s 's advisors, and, based on such review, such the Principal Shareholder is satisfied that (A) the Principal Shareholder has adequate means of providing for the Principal Shareholder’s 's financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Principal Shareholder’s 's entire investment in the Parent Common Stock, (B) the Principal Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Principal Shareholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such The Principal Shareholder shall furnish any additional information about the Principal Shareholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (ev) Each of the Shareholders The Principal Shareholder understands that the shares of the Parent Common Stock to be received by the Shareholders Principal Shareholder in the transactions contemplated hereby will be "restricted securities" under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission (the "SEC") promulgated thereunder provide in substance that the Shareholders Principal Shareholder may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available. The Principal Shareholder further understands that, including but not limited except as provided in Article XII, the Parent has no obligation or intention to Rule 144 promulgated register the sale of any of the shares of the Parent Common stock to be received by the Principal Shareholder in the transactions contemplated hereby, or take any other action so as to permit sales pursuant to, the Securities Act. Accordingly, except as provided in Article XII, the Principal Shareholder understands that the Principal Shareholder may dispose of such shares only in transactions which are of a type exempt from registration under the Securities Act. Each , including (without limitation) a "private placement," in which event the transferee will acquire such shares as "restricted securities" and subject to the same limitations as in the hands of the Shareholders Principal Shareholder. The Principal Shareholder further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Principal Shareholder understands that such Shareholders the Principal Shareholder may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders the Principal Shareholder pursuant to the transactions contemplated hereby for an indefinite period of time. (fvi) Except as provided in Article XIII, each of the Shareholders The Principal Shareholder is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gvii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws."

Appears in 1 contract

Samples: Merger Agreement (Go2net Inc)

Parent Common Stock. Each of the Shareholders Principal Shareholder, severally and not jointly, acknowledges, represents and warrants to the Parent and Acquisition Corp. as follows: (ai) Each of the Shareholders Such Principal Shareholder understands that the shares of Parent Common Stock to be issued to such Shareholder hereunder in the Merger will not have been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities law by reason of specific exemptions under the provisions thereof which depend in part upon the other representations and warranties made by the Shareholders Principal Shareholder in this Agreement. Such Principal Shareholder understands that the Parent is relying, in part, upon such the Principal Shareholder’s 's representation and warranties contained in this Section 4.2 for the purpose of determining whether this transaction meets the requirements for such exemptions. (bii) Each of the Shareholders Such Principal Shareholder has such knowledge, skill and experience in business, financial and investment matters so that such the Principal Shareholder is capable of evaluating the merits and risks of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement or to the extent that such the Principal Shareholder has deemed it appropriate to do so, such the Principal Shareholder has relied upon appropriate professional advice regarding the tax, legal and financial merits and consequences of an investment in Parent Common Stock pursuant to the transactions contemplated by this Agreement. (ciii) Each of the Shareholders Such Principal Shareholder has made, either alone or together with such the Principal Shareholder’s 's advisors, such independent investigation of the Parent, its management and related matters as such the Principal Shareholder deems to be, or such advisors have advised to be, necessary or advisable in connection with an investment in the Parent Common Stock through the transactions contemplated by this Agreement; and such the Principal Shareholder and such advisors have received all information and data that such the Principal Shareholder and such advisors believe to be necessary in order to reach an informed decision as to the advisability of an investment in the Parent Common Stock pursuant to the transactions contemplated by this Agreement. (div) Each of the Shareholders Such Principal Shareholder has reviewed such the Principal Shareholder’s 's financial condition and commitments, alone and together with such the Principal Shareholder’s 's advisors, and, based on such review, such the Principal Shareholder is satisfied that (A) the Principal Shareholder has adequate means of providing for the Principal Shareholder’s 's financial needs and possible contingencies and has assets or sources of income which, taken together, are more than sufficient so that he could bear the risk of loss of the Principal Shareholder’s 's entire investment in the Parent Common Stock, (B) the Principal Shareholder has no present or contemplated future need to dispose of all or any portion of the Parent Common Stock to satisfy any existing or contemplated undertaking, need or indebtedness, and (C) the Principal Shareholder is capable of bearing the economic risk of an investment in the Parent Common Stock for the indefinite future. Such Shareholder shall furnish any additional information about the Principal Shareholder reasonably requested by the Parent to assure the compliance of this transaction with applicable federal and state securities laws. (ev) Each of the Shareholders Such Principal Shareholder understands that the shares of the Parent Common Stock to be received by the Shareholders Principal Shareholder in the transactions contemplated hereby will be "restricted securities" under applicable federal securities laws and that the Securities Act and the rules of the SEC Securities and Exchange Commission (the "SEC") promulgated thereunder provide in substance that the Shareholders Principal Shareholder may dispose of such shares only pursuant to an effective registration statement under the Securities Act or an exemption from registration if available. Such Principal Shareholder further understands that, including but not limited except as provided in Article XII, the Parent has no obligation or intention to Rule 144 promulgated register the sale of any of the shares of the Parent Common stock to be received by the Principal Shareholder in the transactions contemplated hereby, or take any other action so as to permit sales pursuant to, the Securities Act. Accordingly, except as provided in Article XIII, the Principal Shareholder understands that the Principal Shareholder may dispose of such shares only in transactions which are of a type exempt from registration under the Securities Act. Each , including (without limitation) a "private placement," in which event the transferee will acquire such shares as "restricted securities" and subject to the same limitations as in the hands of the Shareholders Principal Shareholder. Such Principal Shareholder further understands that applicable state securities laws may impose additional constraints upon the sale of securities. As a consequence, each of the Shareholders Principal Shareholder understands that such Shareholders the Principal Shareholder may have to bear the economic risk of an investment in the Parent Common Stock to be received by such Shareholders the Principal Shareholder pursuant to the transactions contemplated hereby for an indefinite period of time. (fvi) Except as provided in Article XIII, each of the Shareholders such Principal Shareholder is acquiring shares of the Parent Common Stock pursuant to the transactions contemplated hereby for investment only and not with a view to or intention of or in connection with any resale or distribution of such shares or any interest therein. (gvii) The certificate(s) evidencing the shares of the Parent Common Stock to be issued pursuant to the transactions contemplated hereby shall bear the following legend: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be sold or transferred in the absence of such registration or an exemption therefrom under the Securities Act of 1933, as amended, and applicable state securities laws."

Appears in 1 contract

Samples: Merger Agreement (Go2net Inc)

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