Speculative Nature Clause Samples
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Speculative Nature. Purchaser acknowledges and confirms that: (i) Purchaser and Seller have conferred specifically concerning the contingent and uncertain nature of the Profits Interest; (ii) Seller and Purchaser understand and agree that the Profits Interest payable as a result of this Agreement is highly speculative in nature; (iii) both the payments and amount, if any, of the Profits Interest are dependent upon a number of contingencies which are not within Purchaser's control, including, but not limited to, investor interest in the market for shares of NHLT, the corporation's financial performance, and the general state of the stock market and of the U. S. economy; and (iv) the grant of the Profits Interest is for a business purpose.
Speculative Nature. Purchaser recognizes the speculative nature of an investment in the Purchased Shares and the Note.
Speculative Nature. ICALL Shareholders understand the speculative nature and risks associated with ALTREX and confirm that ALTREX Shares are suitable and consistent with his or her investment program and that his or her financial position enables him or her to bear the risks of this investment and that there may not be any public market for ALTREX Shares.
Speculative Nature. FSC Shareholders understand the speculative nature and risks associated with SI and confirm that SI Common Shares are suitable and consistent with his or her investment program and that his or her financial position enables him or her to bear the risks of this investment and that there may not be any public market for SI's Common Stock.
Speculative Nature. Buyer is aware of and understands the following:
i. The Ownership Interests are a speculative investment which involve a substantial degree of risk of loss by Buyer of Buyer's entire investment in the Companies and that Buyer understands and takes full cognizance of the risk factors related to the purchase of the Ownership Interests;
ii. There are substantial restrictions on the transferability of the Ownership Interests pursuant to the governing documents of the Companies, the Ownership Interests will not be, and owners, members, and shareholders of the Companies have no rights to require that the Ownership Interests be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any State securities laws; there is no public market for the Ownership Interests and none is expected to develop; and, accordingly, it may not be possible for Buyer to liquidate Buyer's investment in any of the Companies;
iii. Buyer understands that the Ownership Interests acquired under this Agreement are restricted securities within the meaning of Rule 144, promulgated under the Securities Act, and that any future sales of such Ownership Interests will be regulated by the Securities Act. Specifically, Buyer understands that because the securities have not been registered under the Securities Act, Buyer will continue to bear the economic risk of the investment for an indefinite period of time and cannot sell such Ownership Interests unless they are subsequently registered under the Securities Act or an exemption from such registration is available;
iv. The Ownership Interests being purchased herein are being acquired for Buyer's own account for investment and not with a view to, or for resale in connection with, any distribution of such Ownership Interests;
v. Buyer agrees to the placement of an appropriate legend reflecting the foregoing representations on any certificate(s) representing the Ownership Interests acquired, and further understands that the transfer of any of the Ownership Interests out of Buyer's name will be permitted only if the request for transfer is accompanied by evidence satisfactory to the Company(ies) that such transfer will not result in a violation of any applicable Federal or State law, rule or regulation;
vi. Buyer is financially responsible, able to meet the obligations hereunder and acknowledges that this investment will be long-term and is by its nature speculative;
vii. Buyer is capable of bearing the high degree of econ...