Common use of True Statements Clause in Contracts

True Statements. The Agreement and the Subscription Agreement with FM that each FM Shareholder completed prior to its investment in FM Common Stock contain no untrue statements of material facts or omit any material facts concerning such FM Shareholder, including qualification for such investment, either at the time of execution or as of the Closing Date. Each FM Shareholder understands and acknowledges that YCNG is relying upon the representations of qualification contained in therein with regard to his/her/its investment in the Exchange Shares.