Common use of Intent and Access Clause in Contracts

Intent and Access. Such Shareholder is acquiring the shares of OneSource's Common Stock and OneSource's Promissory Note without a view to the public distribution or resale in violation of any applicable federal or state securities laws. Such Shareholder acknowledges that the shares of OneSource's Common Stock and OneSource's Promissory Note are not registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws and cannot be sold publicly without registration thereunder or an exemption from such registration. Such Shareholder understands that certificates for such shares and such note will contain a legend with respect to the restrictions on transfer under federal and applicable state securities laws as well as the fact that the shares and such note are "restricted securities" under such federal and state laws. Such Shareholder has been furnished with such information, both financial and non-financial, with respect to the operations, business, capital structure, and financial position of OneSource and its subsidiaries as he or she, or it believes necessary and has been given the opportunity to ask questions of and receive answers from OneSource and its subsidiaries and their officers concerning One Source and its subsidiaries. Without limiting the foregoing, such Shareholder specifically acknowledges the receipt of OneSource's Form 10-KSB Report for the fiscal year ended December 31, 2003. If a Shareholder becomes aware of any material inaccuracy in any representation or warranty of OneSource prior to Closing, the Shareholder will notify OneSource of such material inaccuracy.

Appears in 2 contracts

Sources: Merger Agreement (Onesource Technologies Inc), Merger Agreement (Onesource Technologies Inc)