Common use of Suitability of Investment Clause in Contracts

Suitability of Investment. Consultant has been advised that the Company has a limited operating history and that its new business initiatives are undeveloped, and there can be no assurance that the Company will ever be profitable. Consultant has evaluated the merits and risks of Consultant's proposed acquisition of the Shares, including those risks particular to Consultant's circumstances, and has determined that the investment is suitable for Consultant. Consultant has adequate financial resources for an investment of this character, and could bear a complete loss of his investment. Further, Consultant will continue to have, after making his investment in the Company, adequate means of providing for its current operations, the needs of those dependent on Consultant, and its possible contingencies.

Appears in 3 contracts

Samples: Consulting Agreement (Calypso Wireless Inc), Consulting Agreement (Calypso Wireless Inc), Consulting Agreement (Calypso Wireless Inc)

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Suitability of Investment. Consultant has been advised that the ---------------------------- Company has a limited operating history and that its new business initiatives are undeveloped, and there can be no assurance that the Company will ever be profitable. Consultant has evaluated the merits and risks of Consultant's proposed acquisition of the Shares, including those risks particular to Consultant's circumstances, and has determined that the investment is suitable for Consultant. Consultant has adequate financial resources for an investment of this character, and could bear a complete loss of his investment. Further, Consultant will continue to have, after making his investment in the Company, adequate means of providing for its current operations, the needs of those dependent on Consultant, and its possible contingencies.

Appears in 1 contract

Samples: Consulting Agreement (Calypso Wireless Inc)

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