Common use of Subscriber's Representations, Warranties, and Understandings Clause in Contracts

Subscriber's Representations, Warranties, and Understandings. The Subscriber represents and warrants to the Corporation and understands that: · Principal. The Subscriber is purchasing the Shares as principal for his own account and not for the benefit of any other person except as otherwise stated herein, and not with a view to the resale or distribution of all or any of the Shares.