Common use of PURCHASE FOR INVESTMENT PURPOSES Clause in Contracts

PURCHASE FOR INVESTMENT PURPOSES. ONLY The shareholders of Comercis are acquiring the RMFE Common Stock as a result of the Merger for investment purposes only and not with the view to the resale or distribution thereof. Each of the shareholders of Comercis is an "accredited investor" under the regulations promulgated under the 33 Act or otherwise meets one of the definitions for persons entitled to acquire unregistered securities pursuant to an exemption from registration under the 33 Act. Neither Comercis nor its shareholders have received and/or relied upon any representations or warranties from RMFE other than those contained in this Agreement and the attached schedules or exhibits hereto. Comercis represents and warrants that it and its shareholders have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment in RMFE Common Stock. Comercis and its shareholders understand and acknowledge that the RMFE Common Stock has not been registered under the Act or under any state securities act and are being issued to the shareholders of Comercis pursuant to an exemption from registration under the Act. The reliance by RMFE upon such exemption is predicated upon the representations and warranties of Comercis contained herein. In this regard, Comercis and its shareholders understand and agrees that there may be affixed to the certificates representing the shares of RMFE Common Stock acquired by the shareholders of Comercis hereunder a legend advising of the unregistered, restricted nature of the shares.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Rocky Mountain Financial Enterprises Inc), Agreement and Plan of Merger (Comercis Inc)

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PURCHASE FOR INVESTMENT PURPOSES. ONLY The shareholders of Comercis IEI are acquiring the RMFE MM Common Stock as a result of the Merger for investment purposes only and not with the view to the resale or distribution thereof. Each of the shareholders of Comercis IEI is an "accredited investor" under the regulations promulgated under the 33 Act 33Act or otherwise meets one of the definitions for persons entitled to acquire unregistered securities pursuant to an exemption from registration under the 33 Act. Neither Comercis IEI nor its shareholders have received and/or relied upon any representations or warranties from RMFE MM other than those contained in this Agreement and the attached schedules or exhibits hereto. Comercis IEI represents and warrants that it and its shareholders have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment in RMFE MM Common Stock. Comercis IEI and its shareholders understand and acknowledge that the RMFE MM Common Stock has not been registered under the Act or under any state securities act and are being issued to the shareholders of Comercis IEI pursuant to an exemption from registration under the Act. The reliance by RMFE MM upon such exemption is predicated upon the representations and warranties of Comercis IEI contained herein. In this regard, Comercis IEI and its shareholders understand and agrees that there may be affixed to the certificates representing the shares of RMFE MM Common Stock acquired by the shareholders of Comercis IEI hereunder a legend advising of the unregistered, restricted nature of the shares.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Interspace Enterprises Inc)

PURCHASE FOR INVESTMENT PURPOSES. ONLY The shareholders of Comercis GIC are acquiring the RMFE P44 Common Stock as a result of the Merger for investment purposes only and not with the view to the resale or distribution thereof. Each of the shareholders of Comercis GIC is an "accredited investor" under the regulations promulgated under the 33 Act 33Act or otherwise meets one of the definitions for persons entitled to acquire unregistered securities pursuant to an exemption from registration under the 33 Act. Neither Comercis GIC nor its shareholders have received and/or relied upon any representations or warranties from RMFE P44 other than those contained in this Agreement and the attached schedules or exhibits hereto. Comercis GIC represents and warrants that it and its shareholders have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment in RMFE P44 Common Stock. Comercis GIC and its shareholders understand and acknowledge that the RMFE P44 Common Stock has not been registered under the Act or under any state securities act and are being issued to the shareholders of Comercis GIC pursuant to an exemption from registration under the Act. The reliance by RMFE P44 upon such exemption is predicated upon the representations and warranties of Comercis GIC contained herein. In this regard, Comercis GIC and its shareholders understand and agrees that there may be affixed to the certificates representing the shares of RMFE P44 Common Stock acquired by the shareholders of Comercis GIC hereunder a legend advising of the unregistered, restricted nature of the shares.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Genus International Corp)

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PURCHASE FOR INVESTMENT PURPOSES. ONLY The shareholders of Comercis Cross are acquiring the RMFE HHD Common Stock as a result of the Merger for investment purposes only and not with the view to the resale or distribution thereof. Each of the shareholders of Comercis Cross is an "accredited investor" under the regulations promulgated under the 33 Act 33Act or otherwise meets one of the definitions for persons entitled to acquire unregistered securities pursuant to an exemption from registration under the 33 Act33Act. Neither Comercis Cross nor its shareholders have received and/or relied upon any representations or warranties from RMFE HHD other than those contained in this Agreement and the attached schedules or exhibits hereto. Comercis Cross represents and warrants that it and its shareholders have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment in RMFE HHD Common Stock. Comercis Cross and its shareholders understand and acknowledge that the RMFE HHD Common Stock has not been registered under the Act or under any state securities act and are being issued to the shareholders of Comercis Cross pursuant to an exemption from registration under the Act. The reliance by RMFE HHD upon such exemption is predicated upon the representations and warranties of Comercis Cross contained herein. In this regard, Comercis Cross and its shareholders understand and agrees that there may be affixed to the certificates representing the shares of RMFE HHD Common Stock acquired by the shareholders of Comercis Cross hereunder a legend advising of the unregistered, restricted nature of the shares.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Household Direct Com Inc)

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