Common use of Reliance on Subscriber’s representations and warranties and indemnification Clause in Contracts

Reliance on Subscriber’s representations and warranties and indemnification. The Subscriber understands that the Company will rely on the representations and warranties of the Subscriber herein in determining whether a sale of the Shares to the Subscriber is in compliance with federal and applicable state and provincial securities laws. The Subscriber hereby agrees to indemnify the Company and its affiliates and hold the Company and its affiliates harmless from and against any and all liability, damage, cost or expense (including reasonable attorney's fees) incurred on account of or arising out of: (i) any inaccuracy in the Subscriber's acknowledgements, representations or warranties set forth in this Agreement; (ii) the disposition of any of the Shares which the Subscriber will receive, contrary to the Subscriber's acknowledgements, representations or warranties in this Agreement or otherwise; (iii) any suit or proceeding based upon the claim that such acknowledgments, representations or warranties were inaccurate or misleading or otherwise cause for obtaining damages or redress from the Company or its affiliates; and (iv) the Subscriber's failure to fulfill any or all of the Subscriber's obligations herein.

Appears in 10 contracts

Samples: Subscription Agreement (Bear River Resources, Inc.), Subscription Agreement (I-Level Media Group Inc), Ruby Creek Resources Inc

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Reliance on Subscriber’s representations and warranties and indemnification. The Subscriber understands that the Company will rely on the representations and warranties of the Subscriber herein in determining whether a sale of the Shares to the Subscriber is in compliance with federal and applicable state and provincial securities laws. The Subscriber hereby agrees to indemnify the Company and its affiliates and hold the Company and its affiliates harmless from and against any and all liability, damage, cost or expense (including reasonable attorney's ’s fees) incurred on account of or arising out of: (i) any inaccuracy in the Subscriber's ’s acknowledgements, representations or warranties set forth in this Agreement; (ii) the disposition of any of the Shares which the Subscriber will receive, contrary to the Subscriber's ’s acknowledgements, representations or warranties in this Agreement or otherwise; (iii) any suit or proceeding based upon the claim that such acknowledgments, representations or warranties were inaccurate or misleading or otherwise cause for obtaining damages or redress from the Company or its affiliates; and (iv) the Subscriber's ’s failure to fulfill any or all of the Subscriber's ’s obligations herein.

Appears in 9 contracts

Samples: Subscription Agreement (Rostock Ventures Corp), Subscription Agreement (Powrtec Corp), Subscription Agreement (Omnicity Corp.)

Reliance on Subscriber’s representations and warranties and indemnification. The Subscriber understands that the Company will rely on the representations and warranties of the Subscriber herein in determining whether a sale of the Shares Units to the Subscriber is in compliance with federal and applicable state and provincial securities laws. The Subscriber hereby agrees to indemnify the Company and its affiliates and hold the Company and its affiliates harmless from and against any and all liability, damage, cost or expense (including reasonable attorney's fees) incurred on account of or arising out of: (i) any inaccuracy in the Subscriber's acknowledgements, representations or warranties set forth in this Agreement; (ii) the disposition of any of the Shares Securities which the Subscriber will receive, contrary to the Subscriber's acknowledgements, representations or warranties in this Agreement or otherwise; (iii) any suit or proceeding based upon the claim that such acknowledgments, representations or warranties were inaccurate or misleading or otherwise cause for obtaining damages or redress from the Company or its affiliates; and (iv) the Subscriber's failure to fulfill any or all of the Subscriber's obligations herein.

Appears in 5 contracts

Samples: Subscription Agreement (Shimmer Gold, Inc.), Subscription Agreement (Harborside Ventures, Inc.), Private Placement Subscription Agreement (Power Air Corp)

Reliance on Subscriber’s representations and warranties and indemnification. The Subscriber understands that the Company will rely on the representations and warranties of the Subscriber herein in determining whether a sale of the Shares Units to the Subscriber is in compliance with federal and applicable state and provincial securities laws. The Subscriber hereby agrees to indemnify the Company and its affiliates and hold the Company and its affiliates harmless from and against any and all liability, damage, cost or expense (including reasonable attorney's ’s fees) incurred on account of or arising out of: (i) any inaccuracy in the Subscriber's ’s acknowledgements, representations or warranties set forth in this Agreement; (ii) the disposition of any of the Shares Securities which the Subscriber will receive, contrary to the Subscriber's ’s acknowledgements, representations or warranties in this Agreement or otherwise; (iii) any suit or proceeding based upon the claim that such acknowledgments, representations or warranties were inaccurate or misleading or otherwise cause for obtaining damages or redress from the Company or its affiliates; and (iv) the Subscriber's ’s failure to fulfill any or all of the Subscriber's ’s obligations herein.

Appears in 5 contracts

Samples: Subscription Agreement (Zoro Mining Corp.), Subscription Agreement (Pulse Beverage Corp), Subscription Agreement (Pulse Beverage Corp)

Reliance on Subscriber’s representations and warranties and indemnification. The Subscriber understands that the Company will rely on the representations and warranties of the Subscriber herein in determining whether a sale of the Shares post-Forward Split Units to the Subscriber is in compliance with federal and applicable state and provincial securities laws. The Subscriber hereby agrees to indemnify the Company and its affiliates and hold the Company and its affiliates harmless from and against any and all liability, damage, cost or expense (including reasonable attorney's fees) incurred on account of or arising out of: (i) any inaccuracy in the Subscriber's acknowledgements, representations or warranties set forth in this Agreement; (ii) the disposition of any of the Shares Securities which the Subscriber will receive, contrary to the Subscriber's acknowledgements, representations or warranties in this Agreement or otherwise; (iii) any suit or proceeding based upon the claim that such acknowledgments, representations or warranties were inaccurate or misleading or otherwise cause for obtaining damages or redress from the Company or its affiliates; and (iv) the Subscriber's failure to fulfill any or all of the Subscriber's obligations herein.

Appears in 2 contracts

Samples: Subscription Agreement (I-Level Media Group Inc), Private Placement Subscription Agreement (I-Level Media Group Inc)

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Reliance on Subscriber’s representations and warranties and indemnification. The Subscriber understands that the Company will rely on the representations and warranties of the Subscriber herein in determining whether a sale of the Post-split Shares to the Subscriber is in compliance with federal and applicable state and provincial securities laws. The Subscriber hereby agrees to indemnify the Company and its affiliates and hold the Company and its affiliates harmless from and against any and all liability, damage, cost or expense (including reasonable attorney's ’s fees) incurred on account of or arising out of: (i) any inaccuracy in the Subscriber's ’s acknowledgements, representations or warranties set forth in this Agreement; (ii) the disposition of any of the Shares Securities which the Subscriber will receive, contrary to the Subscriber's ’s acknowledgements, representations or warranties in this Agreement or otherwise; (iii) any suit or proceeding based upon the claim that such acknowledgments, representations or warranties were inaccurate or misleading or otherwise cause for obtaining damages or redress from the Company or its affiliates; and (iv) the Subscriber's ’s failure to fulfill any or all of the Subscriber's ’s obligations herein.

Appears in 2 contracts

Samples: Pulse Beverage Corp, Darlington Mines Ltd.

Reliance on Subscriber’s representations and warranties and indemnification. The Subscriber understands that the Company will rely on the representations and warranties of the Subscriber herein in determining whether a sale of the Shares Units to the Subscriber is in compliance with federal and applicable state and provincial securities laws. The Subscriber hereby agrees to indemnify the Company and its affiliates and hold the Company and its affiliates harmless from and against any and all liability, damage, cost or expense (including reasonable attorney's ’s fees) incurred on account of or arising out of: (i) any inaccuracy in the Subscriber's ’s acknowledgements, representations or warranties set forth in this Agreement; (ii) the disposition of any of the Shares Securities which the Subscriber will receive, contrary to the Subscriber's ’s acknowledgements, representations or warranties in this Agreement or otherwise; (iii) any suit or proceeding based upon the claim that such acknowledgments, representations or warranties were inaccurate or misleading or otherwise cause for obtaining damages or redress from the Company or its affiliates; and (iv) the Subscriber's ’s failure to fulfill any or all of the Subscriber's ’s obligations herein.. -- $0.50 Unit Private Placement Subscription Agreement -- -- The Pulse Beverage Corporation --

Appears in 1 contract

Samples: Subscription Agreement (Pulse Beverage Corp)

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