Common use of Receipt of Information; Restricted Securities Clause in Contracts

Receipt of Information; Restricted Securities. Investor acknowledges that the Securities are not being and will not be registered under the Securities Act or the securities laws of any other jurisdiction in reliance on exemptions thereunder. The Securities have not been and will not be approved or disapproved by the Securities and Exchange Commission or any other governmental authority or agency of any jurisdiction. Investor represents that it has had an opportunity to ask questions and receive answers from Company regarding the terms and conditions of the offering of the Series B Preferred Stock and the business, properties, prospects, and financial condition of Company and to obtain additional information (to the extent Company possessed such information or could acquire it without unreasonable effort or expense) necessary to verify the accuracy of any information furnished to such Investor or to which such Investor had access. Investor's representations under this Section 6, however, shall not limit or modify the representations and warranties of Company in Section 5 of this Agreement or the right of Investor to rely thereon.

Receipt of Information; Restricted Securities. Subject to the Registration Rights Agreement, Investor acknowledges that the Securities are not being and will not be registered under the Securities Act or the securities laws of any other jurisdiction in reliance on exemptions thereunder. The Securities have not been and will not be approved or disapproved by the Securities and Exchange Commission or any other governmental authority or agency of any jurisdiction. Investor represents that it Investor has had an opportunity to ask questions and receive answers from Company regarding the terms and conditions of the offering of the Series B C Preferred Stock and the business, properties, prospects, and financial condition of Company and to obtain additional information (to the extent Company possessed such information or could acquire it without unreasonable effort or expense) necessary to verify the accuracy of any information furnished to such Investor or to which such Investor had access. Investor's representations under this Section 6, however, shall not limit or modify the representations and warranties of Company in Section 5 of this Agreement or the right of Investor to rely thereon.

Receipt of Information; Restricted Securities. Investor acknowledges receipt of the Confidential Business Plan. Investor acknowledges that the Securities are not being and will not be registered under the Securities Act or the securities laws of any other jurisdiction in reliance on exemptions thereunder. The Securities have not been and will not be approved or disapproved by the Securities and Exchange Commission or any other governmental authority or agency of any jurisdiction. Investor represents that it Investor has had an opportunity to ask questions and receive answers from Company regarding the terms and conditions of the offering of the Series B Preferred Stock and the business, properties, prospects, and financial condition of Company and to obtain additional information (to the extent Company possessed such information or could acquire it without unreasonable effort or expense) necessary to verify the accuracy of any information furnished to such Investor or to which such Investor had access. Investor's representations under this Section 6, however, shall not limit or modify the representations and warranties of Company in Section 5 of this Agreement or the right of Investor to rely thereon.

Receipt of Information; Restricted Securities. Subject to the Registration Rights Agreement, Investor acknowledges that the Securities are not being and will not be registered under the Securities Act or the securities laws of any other jurisdiction in reliance on exemptions thereunder. The Securities have not been and will not be approved or disapproved by the Securities and Exchange Commission or any other governmental authority or agency of any jurisdiction. Investor represents that it has had an opportunity to ask questions and receive answers from Company regarding the terms and conditions of the offering of the Series B Preferred Stock and the business, properties, prospects, and financial condition of Company and to obtain additional information (to the extent Company possessed such information or could acquire it without unreasonable effort or expense) necessary to verify the accuracy of any information furnished to such Investor or to which such Investor had access. Investor's representations under this Section 6, however, shall not limit or modify the representations and warranties of Company in Section 5 of this Agreement or the right of Investor to rely thereon.