Common use of Reliance Upon Purchaser’s Representations Clause in Contracts

Reliance Upon Purchaser’s Representations. Purchaser understands that the Common Stock has not been registered under the Securities Act of 1933, as amended (the "Securities Act"), by reason of their issuance in a transaction exempt from the registration requirements of the Securities Act pursuant to Section 4(2) thereof and Regulation D promulgated under the Securities Act, and that the Company's reliance on such exemption is predicated on Purchaser's representations contained in this Agreement.

Reliance Upon Purchaser’s Representations. Purchaser understands that the Common Stock has not been registered under the Securities Act of 1933, as amended (the "Securities 1933 Act"), by reason of their issuance in a transaction exempt from the registration requirements of the Securities Act pursuant to Section 4(2) thereof and Regulation D promulgated under the Securities 1933 Act, and that the Company's ’s reliance on such exemption is predicated on Purchaser's ’s representations contained in this Agreement.

Reliance Upon Purchaser’s Representations. The Purchaser understands that the Common Stock has not been registered under the Securities Act on the grounds that the transactions contemplated by this Agreement and the issuance of 1933, as amended (the "Securities Act"), by reason of their issuance in a transaction Common Stock hereunder are exempt from the registration requirements of under the Securities Act pursuant to Section 4(2) thereof thereof, and Regulation D promulgated under the Securities Actthereunder, and that the Company's reliance on such exemption is predicated on the Purchaser's representations contained in this Agreementset forth herein.