Common use of Acknowledgement of Buyer Clause in Contracts

Acknowledgement of Buyer. THE BUYER UNDERSTANDS THAT THE COMMON STOCK ARE BEING OFFERED AND SOLD, TO IT IN RELIANCE ON SPECIFIC EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF UNITED STATES FEDERAL AND STATE SECURITIES LAWS AND THAT THE COMPANY IS RELYING UPON THE TRUTH AND ACCURACY OF, AND THE BUYER'S COMPLIANCE WITH,THE REPRESENTATIONS, WARRANTIES, AGREEMENTS, ACKNOWLEDGMENTS AND UNDERSTANDINGS OF THE BUYER SET FORTH HEREIN IN ORDER TO DETERMINE THE AVAILABILITY OF SUCH EXEMPTIONS AND THE ELIGIBILITY OF THE BUYER TO ACQUIRE THE COMMON STOCK.

Acknowledgement of Buyer. THE BUYER UNDERSTANDS THAT THE COMMON STOCK DEBENTURES ARE BEING OFFERED AND SOLD, AND THE SHARES ARE BEING OFFERED, TO IT IN RELIANCE ON SPECIFIC EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF UNITED STATES FEDERAL AND STATE SECURITIES LAWS AND THAT THE COMPANY IS RELYING UPON THE TRUTH AND ACCURACY OF, AND THE BUYER'S COMPLIANCE WITH,, THE REPRESENTATIONS, WARRANTIES, AGREEMENTS, ACKNOWLEDGMENTS AND UNDERSTANDINGS OF THE BUYER SET FORTH HEREIN IN ORDER TO DETERMINE THE AVAILABILITY OF SUCH EXEMPTIONS AND THE ELIGIBILITY OF THE BUYER TO ACQUIRE THE COMMON STOCKDEBENTURES AND TO RECEIVE AN OFFER OF THE SHARES.