Common use of Lack of Liquidity Clause in Contracts

Lack of Liquidity. The Purchaser acknowledges that the purchase of the Shares involves a high degree of risk and further acknowledges that it can bear the economic risk of the purchase of the Shares, including the total loss of its investment. The Purchaser acknowledges and understands that the Shares may not be sold to a U.S. Person (as hereinafter defined) or into the United States for a period of one (1) year from the date of purchase, only in accordance with the provisions provided under Regulation S, and that Purchaser has no present need for liquidity in connection with its purchase of the Shares.

Appears in 3 contracts

Sources: Regulation S Stock Purchase Agreement (United States Oil & Gas Corp), Regulation S Stock Purchase Agreement (Nano Chemical Systems Holdings, Inc.), Regulation S Stock Purchase Agreement (DigitalPost Interactive, Inc.)

Lack of Liquidity. The Purchaser acknowledges that the purchase of the Shares involves a high degree of risk and further acknowledges that it can bear the economic risk of the purchase of the Shares, including the total loss of its investment. The Purchaser acknowledges and understands that the Shares may not be sold to a U.S. Person (as hereinafter defined) or into the United States for a period of one (1) year from the date of purchase, only in accordance with the provisions provided under Regulation S, purchase and that Purchaser or (to the Purchaser's knowledge) the third party to whom the Purchaser sells such Shares has no present need for liquidity in connection with its purchase of the Shares.

Appears in 2 contracts

Sources: Regulation S Stock Purchase Agreement (Laserlock Technologies Inc), Regulation S Stock Purchase Agreement (Laserlock Technologies Inc)

Lack of Liquidity. The Purchaser acknowledges that the purchase of the Shares involves a high degree of risk and further acknowledges that it can bear the economic risk of the purchase of the Shares, including the total loss of its investment. The Purchaser acknowledges and understands that the Shares are restricted, and may not be sold resold to a U.S. Person (as hereinafter defined) or into the United States for a period of one (1) year from the date of purchase, only in accordance with the provisions provided under Regulation S, purchase and that Purchaser has no present need for liquidity in connection with its purchase of the Shares.

Appears in 1 contract

Sources: Stock Purchase Agreement (Universal Energy Corp.)

Lack of Liquidity. The Purchaser acknowledges that the purchase of the Shares involves a high degree of risk and further acknowledges that it can bear the economic risk of the purchase of the Shares, including the total loss of its investment. The Purchaser acknowledges and understands that the Shares may not be sold to a U.S. Person (as hereinafter defined) or into the United States for a period of one (1) year from the date of purchase, only in accordance with the provisions provided under Regulation S, purchase and that Purchaser has no present need for liquidity in connection with its purchase of the Shares.. D.

Appears in 1 contract

Sources: Stock Purchase Agreement (Material Technologies Inc /Ca/)

Lack of Liquidity. The Purchaser acknowledges that the purchase of the Shares involves a high degree of risk and further acknowledges that it can bear the economic risk of the purchase of the Shares, including the total loss of its investment. , The Purchaser acknowledges and understands that the Shares may not be sold to a U.S. Person (as hereinafter defined) or into the United States for a period of one (1) year from the date of purchase, only in accordance with the provisions provided under Regulation S, purchase and that at Purchaser has no present need for liquidity in connection with its purchase of the Shares.

Appears in 1 contract

Sources: Stock Purchase Agreement (Reality Wireless Networks Inc)