Common use of For Own Account Clause in Contracts

For Own Account. Consultant is the sole and true party in interest, is acquiring the Shares, the Warrants and the shares of common stock, $.001 par value, of the Company that may be obtained upon exercise of the Warrants (the "SECURITIES") for his own account for investment, is not purchasing the Securities for the benefit of any other person, and has no present intention of holding or managing the Securities with others or of selling, distributing or otherwise disposing of any portion of the Securities. ▇▇▇ ▇▇▇▇▇ is a resident of the State set forth in the first paragraph of this Agreement.