Acknowledgment Regarding Securities. Seller's executive officers have studied and fully understand the nature of the Securities being sold hereunder. Seller acknowledges that it is selling the Securities regardless of the dilution that such issuance may have on the ownership interests of other stockholders. Taking the foregoing into account, Seller's Board of Directors has determined in its good faith business judgment that the issuance of the Securities hereunder and the consummation of the other transactions contemplated hereby are in the best interests of the Seller and its stockholders.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Us Data Authority Inc), Securities Purchase Agreement (Ab Financial Services LLC)