Examples of Transferred Warrants in a sentence
Purchaser also understands that the Transferred Shares and the Transferred Warrants are being offered and sold pursuant to an exemption from registration otherwise required by the Securities Act and any such State or other jurisdictions’ securities or blue sky Laws based in part upon Purchaser’s representations contained in this Agreement.
It is further agreed that the maximum liability of Sellers for any breach of this Agreement shall be limited to the respective amount of the consideration received by them in exchange for their respective Transferred Shares and Transferred Warrants.
Sellers are the lawful record and beneficial owner of the Transferred Shares and the Transferred Warrants, own their respective Transferred Shares and the Transferred Warrants free and clear of all Encumbrances whatsoever, except for any Encumbrances created by this Agreement, the Shareholder Agreement and other Organizational Documents of GPSI, the December 29 Warrant and restrictions on transfer under federal and state securities laws.
Purchaser is purchasing the Transferred Shares and the Transferred Warrants for its own account for investment only, and not with a view towards a distribution thereof in violation of the Securities Act; provided, that this representation and warranty shall not limit Purchaser’s right to sell the Transferred Shares and the Transferred Warrants in compliance with applicable securities laws.
Purchaser understands that the Transferred Shares and the Transferred Warrants have not been registered under the Securities Act or the securities or blue sky Laws of any State of the United States or any other jurisdiction.
Purchaser understands that certificates representing the Transferred Shares and the warrant representing the Transferred Warrants will bear legends required under applicable federal and state securities Law and as set forth in the Shareholder Agreement and the December 29 Warrant, as applicable.