Common use of Securities Laws Representations Clause in Contracts

Securities Laws Representations. The Seller acknowledges that the shares of DocuNet Common Stock to be delivered to the Seller pursuant to this Agreement have not been and will not be registered under the Securities Act or any other state securities laws, and therefore may not be resold without compliance with the Securities Act. The DocuNet Common Stock to be acquired by the Seller pursuant to this Agreement is being acquired solely for their own respective accounts, for investment purposes only, and with no present intention of distributing, selling or otherwise disposing of it in connection with a distribution.

Securities Laws Representations. The Seller acknowledges Sellers acknowledge that the shares of DocuNet Common Stock to be delivered to the Seller Sellers pursuant to this Agreement have not been and will not be registered under the Securities Act or any other state securities laws, and therefore may not be resold without compliance with the Securities Act. The DocuNet Common Stock to be acquired by the Seller such Sellers pursuant to this Agreement is being acquired solely for their own respective accounts, for investment purposes only, and with no present intention of distributing, selling or otherwise disposing of it in connection with a distribution.

Securities Laws Representations. The Seller acknowledges and the Shareholders acknowledge that the shares of DocuNet Common Stock to be delivered to the Seller pursuant to this Agreement have not been and will not be registered under the Securities Act or any other state securities laws, and therefore may not be resold without compliance with the Securities Act. The DocuNet Common Stock to be acquired by the Seller pursuant to this Agreement is being acquired solely for their its own respective accountsaccount, for investment purposes only, and with no present intention of distributing, selling or otherwise disposing of it in connection with a distribution.