No Securities Distribution. PURCHASER represents to SELLER that PURCHASER intends to acquire the Oil & Gas Interests for PURCHASER's own benefit and account and that PURCHASER is not acquiring such interests with the intent of distributing fractional undivided interests in the Oil & Gas Interests that would be subject to regulation by federal or state securities law, and that if, in the future, PURCHASER should sell or otherwise dispose of the Oil & Gas Interests in any manner that would be subject to securities regulation, PURCHASER will fully comply with all federal and state securities laws.
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Sources: Asset Purchase Agreement (McMoran Exploration Co /De/)
No Securities Distribution. PURCHASER represents to SELLER that PURCHASER intends to acquire the Oil & Gas Interests for PURCHASER's own benefit and account and that PURCHASER is not acquiring such interests with the intent to make a sale or distribution thereof in violation of distributing fractional undivided interests in the Oil & Gas Interests that would be subject to regulation by applicable federal or state securities law, laws and that ifregulations. If, in the future, PURCHASER should sell or otherwise dispose of the Oil & Gas Interests in any manner that would be subject to securities regulation, PURCHASER will fully comply with all federal and state securities laws.
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No Securities Distribution. PURCHASER represents to SELLER that PURCHASER intends to acquire the Oil & Gas Interests for PURCHASER's own benefit and account and that PURCHASER is IS not acquiring such interests with the intent of distributing fractional undivided interests in the Oil & Gas Interests that would be subject to regulation by federal or state securities law, and that if, in the future, PURCHASER should sell or otherwise dispose of the Oil & Gas Interests in any manner that would be subject to securities regulation, PURCHASER will fully comply with all federal and state securities laws.
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