Common use of No Minimum Offering Amount Clause in Contracts

No Minimum Offering Amount. Funds shall be released to the Company upon the Company's execution of this Agreement and similar agreements and the Company is not required to raise any minimum amount of proceeds prior to executing this Agreement or any similar agreement and obtaining such funds. Because there is no minimum amount of subscriptions which the Company must receive before accepting funds in the Offering, Purchaser will not be assured that the Company will have sufficient funds to operate its business and will bear the risk that the Company will be unable to secure the funds necessary to meet its current and anticipated financial obligations. In the event that the Merger is completed, the Company expects that it will need at least $3,000,000 to execute its business plan and satisfy its working capital needs over the next six (6) month period.