Common use of Understanding of Shareholder and Seller Clause in Contracts

Understanding of Shareholder and Seller. Shareholder and Seller hereby state and understand that the materials, including current financial statements, current income tax returns prepared and delivered by them, and they are familiar with the Business of Purchaser, and they are acquiring the Purchaser's restricted shares pursuant to Section 4(2), commonly known as the private offering exemption of the Securities Act of 1933, as amended.

Appears in 4 contracts

Samples: Share Exchange Agreement (House of BODS Fitness, Inc.), Share Exchange Agreement (House of BODS Fitness, Inc.), Share Exchange Agreement (New Pacific Ventures Inc)

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Understanding of Shareholder and Seller. Shareholder and Seller Shareholders hereby state and understand that the materials, including current financial statements, current income tax returns prepared and delivered by themShareholders, and they are familiar with the Business of Purchaser, and they are acquiring the Purchaser's restricted shares pursuant to under Section 4(2), commonly known as the private offering exemption of the Securities Act of 1933, as amended.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Global Entertainment Holdings/Equities Inc), Purchase and Sale Agreement (Global Entertainment Holdings/Equities Inc)

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