Common use of Representations and Warranties of the Selling Agent Clause in Contracts

Representations and Warranties of the Selling Agent. The Selling Agent represents and warrants to the Company as follows: (a) The Selling Agent is duly incorporated and validly existing and in good standing under the laws of its State of incorporation. (b) The Selling Agent is, and at the time of each Closing will be, a member in good standing of the FINRA. (c) Offers and sales of Securities by the Selling Agent will be made only in accordance with this Placement Agreement and in compliance with the provisions of Regulation S and/or Regulation D (it being understood and agreed that the Selling Agent shall be entitled to rely upon the information and statements provided by the Prospective Investor in the Purchase Agreement), and the Selling Agent will furnish to each investor a copy of the Documents prior to accepting any subscription for the Securities.

Representations and Warranties of the Selling Agent. The Selling Agent represents and warrants to the Company as follows: (a) The Selling Agent is duly incorporated and validly existing and in good standing under the laws of its State of incorporation. (b) The Selling Agent is, and at the time of each Closing will be, a member in good standing of the FINRANASD. (c) Offers and sales of Securities by the Selling Agent will be made only in accordance with this Placement Agreement and in compliance with the provisions of Regulation S and/or Regulation D (it being understood and agreed that the Selling Agent shall be entitled to rely upon the information and statements provided by the Prospective Investor in the Purchase Agreement), and the Selling Agent will furnish to each investor a copy of the Documents prior to accepting any subscription for the Securities.