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Common use of Texas Clause in Contracts

Texas. The undersigned hereby acknowledges that the Securities cannot be sold unless they are subsequently registered under the Securities Act of 1933, as amended, and the Texas Securities Act, or an exemption from registration is available. The undersigned further acknowledges that because the Securities are not readily transferable, he must bear the economic risk of his investment for an indefinite period of time.

Appears in 5 contracts

Samples: Subscription Agreement (Commonwealth Associates /Bd), Subscription Agreement (Commonwealth Associates /Bd), Subscription Agreement (Big Smith Brands Inc)

Texas. The undersigned hereby acknowledges that the Securities cannot be sold unless they are subsequently registered under the Securities Act of 1933, as amendedAct, and the Texas Securities Act, or an exemption from registration is available. The undersigned further acknowledges that because the Securities are not readily transferable, he it must bear the economic risk of his its investment for an indefinite period of time.

Appears in 1 contract

Samples: Subscription Agreement (U S Wireless Data Inc)

Texas. The undersigned hereby acknowledges that the Securities cannot be sold unless they are subsequently registered under the Securities Act of 1933, as amended, and the Texas Securities Act, or an exemption from registration is available. The undersigned further acknowledges that because the Securities are not readily transferable, he must bear the economic risk of his investment for an indefinite period of time.the

Appears in 1 contract

Samples: Subscription Agreement (Marquee Group Inc)