Common use of Suitability of Investment Clause in Contracts

Suitability of Investment. The Purchaser understands that the shares of Common Stock are speculative investments and involve a high degree of risk, including but not limited to: there is no guarantee of success of the business of the Company; he may not receive any return (economic or otherwise) on his investment, and management and the majority shareholders of the Company have extreme latitude and generally, the sole discretion, to determine the financial picture, operations and potential dissolution of the Company. The Purchaser has evaluated the merits and risks of the Purchaser's proposed investment in the Common Stock, including those risks particular to the Purchaser's personal situation, and he has determined that this investment is suitable for the Purchaser. The Purchaser has adequate financial resources for an investment of this character, and, at this time, the Purchaser could bear a complete loss of his investment. Further, the Purchaser will continue to have, after making his investment in the Common Stock, adequate means of providing for his current needs, the needs of those dependent on him, and possible personal contingencies.

Appears in 3 contracts

Samples: Agreement (Demandstar Com Inc), Demandstar Com Inc, Demandstar Com Inc

AutoNDA by SimpleDocs

Suitability of Investment. The Purchaser understands that the shares of Common Stock Purchased Shares are speculative investments and involve a high degree of risk, including but not limited to: there is no guarantee of success of the business of the Company; he may not receive any return (economic or otherwise) on his investment, and management and the majority shareholders of the Company have extreme latitude and generally, the sole discretion, to determine the financial picture, operations and potential dissolution of the Company. The Purchaser has evaluated the merits and risks of the Purchaser's proposed investment in the Common StockPurchased Shares, including those risks particular to the Purchaser's personal situation, and he has determined that this investment is suitable for the Purchaser. The Purchaser has adequate financial resources for an investment of this character, and, at this time, the Purchaser could bear a complete loss of his investment. Further, the Purchaser will continue to have, after making his investment in the Common StockPurchased Shares, adequate means of providing for his current needs, the needs of those dependent on him, and possible personal contingencies.

Appears in 1 contract

Samples: Series B Stock Purchase Agreement (Demandstar Com Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.