Common use of Acknowledgment Regarding Buyer’s Purchase of Securities Clause in Contracts

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no Buyer is acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby and thereby, and any advice given by a Buyer or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s purchase of the Securities. The Company further represents to each Buyer that the Company’s and each Subsidiary’s decision to enter into the Transaction Documents to which it is a party has been based solely on the independent evaluation by the Company, each Subsidiary and their respective representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each the Buyer is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no Buyer (nor any affiliate of any Buyer) is acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby and thereby, and any advice given by a Buyer or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s purchase of the Securities. The Company further represents to each the Buyer that the Company’s and each Subsidiary’s decision to enter into the Transaction Documents to which it is a party has been based solely on the independent evaluation by the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is acting solely in the capacity of an arm’s arm’s-length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no Buyer (nor any affiliate of any Buyer) is acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby and thereby, and any advice given by a Buyer or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s purchase of the Securities. The Company further represents to each Buyer that the Company’s and each Subsidiary’s decision to enter into the Transaction Documents to which it is a party has been based solely on the independent evaluation by the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is acting (i) solely in the capacity of an arm’s 's length purchaser and (ii) severally, and not jointly, with respect to the Transaction Documents this Agreement and the transactions contemplated hereby and therebyhereby. The Company further acknowledges that no each Buyer is not acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents this Agreement and the transactions contemplated hereby and thereby, and that any advice given statement made by a each Buyer or any of its respective representatives or agents in connection with the Transaction Documents this Agreement and the transactions contemplated hereby is not advice or a recommendation and thereby is merely incidental to such Buyer’s purchase of the SecuritiesSecurities and has not been relied upon by the Company, its officers or directors in any way. The Company further represents to each Buyer that the Company’s and each Subsidiary’s 's decision to enter into the Transaction Documents to which it is a party this Agreement has been based solely on the independent evaluation by of the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no Buyer (nor any affiliate of any Buyer) is acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby and thereby, and any advice given by a Buyer or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s purchase of the Securities. The Company further represents to each Buyer that the Company’s and each Subsidiary’s decision to enter into the Transaction Documents to which it is a party has been based solely on the independent evaluation by the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer of the Buyers is acting solely in the capacity of an arm’s 's length purchaser with respect to the Transaction Documents and the Certificate of Designations and the transactions contemplated hereby and thereby. The Company further acknowledges that no each Buyer is not acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents and the Certificate of Designations and the transactions contemplated hereby and thereby, thereby and any advice given by a Buyer any of the Buyers or any of its their respective representatives or agents in connection with the Transaction Documents and the Certificate of Designations and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s 's purchase of the Securities. The Company further represents to each Buyer that the Company’s and each Subsidiary’s 's decision to enter into the Transaction Documents to which it is a party has been based solely on the independent evaluation by the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is acting solely in the capacity of an arm’s length purchaser purchasers with respect to this Agreement, the other Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no Buyer is acting as a financial advisor or fiduciary of the Company or and/or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents this Agreement and the transactions contemplated hereby and thereby, and any advice given statement made by a any Buyer or any of its their respective representatives or agents in connection with this Agreement, the other Transaction Documents and the transactions contemplated hereby and thereby is not advice or a recommendation and is merely incidental to such a Buyer’s purchase of the Securities. The Company further represents to each Buyer that the Company’s and each Subsidiary’s decision to enter into the Transaction Documents to which it is a party this Agreement has been based solely on the independent evaluation by of the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is acting solely in the capacity of an arm’s 's length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no Buyer (nor any affiliate of any Buyer) is acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby and thereby, and any advice given by a Buyer or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s 's purchase of the Securities. The Company further represents to each the Buyer that the Company’s and each Subsidiary’s 's decision to enter into the Transaction Documents to which it is a party has been based solely on the independent evaluation by the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is the Buyers are acting solely in the capacity of an arm’s length purchaser purchasers with respect to this Agreement and the other Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no Buyer is acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to this Agreement and the other Transaction Documents and the transactions contemplated hereby and thereby, thereby and any advice given by a Buyer the Buyers or any of its their respective representatives or agents in connection with this Agreement and the other Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s the Buyers’ purchase of the Securitiesshares of Preferred Stock. The Company further represents to each Buyer the Buyers that the Company’s and each Subsidiary’s decision to enter into this Agreement and the other Transaction Documents to which it is a party has been based solely on the independent evaluation of the transactions contemplated hereby and thereby by the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer of the Buyers is acting solely in the capacity of an arm’s arm’s-length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no each Buyer is not acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby and thereby, and any advice given by a Buyer any of the Buyers or any of its their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s purchase of the Securities. The Company further represents to each Modtech Holdings, Inc. Securities Purchase Agreement -8- Buyer that the Company’s and each Subsidiary’s decision to enter into the Transaction Documents to which it is a party has been based solely on the independent evaluation by the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is acting (i) solely in the capacity of an arm’s 's length purchaser purchaser, and severally, and not jointly, with respect to the Transaction Documents this Agreement and the transactions contemplated hereby and therebyhereby. The Company further acknowledges that no each Buyer is not acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents this Agreement and the transactions contemplated hereby and thereby, and that any advice given statement made by a each Buyer or any of its respective representatives or agents in connection with the Transaction Documents this Agreement and the transactions contemplated hereby is not advice or a recommendation and thereby is merely incidental to such Buyer’s purchase of the SecuritiesSecurities and has not been relied upon by the Company, its officers or directors in any way. The Company further represents to each Buyer that the Company’s and each Subsidiary’s 's decision to enter into the Transaction Documents to which it is a party this Agreement has been based solely on the independent evaluation by of the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is acting solely in the capacity of an arm’s 's length purchaser with respect to the Transaction Documents to which it is a party and the transactions contemplated hereby and thereby. The Company further acknowledges that no Buyer is acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby and thereby, and any advice given by a Buyer or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s 's purchase of the Securities. The Company further represents to each Buyer that the Company’s and each Subsidiary’s 's decision to enter into the Transaction Documents to which it is a party and the transactions contemplated hereby and thereby has been based solely on the independent evaluation by the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is acting solely in the capacity of an arm’s 's length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no Buyer (nor any affiliate of any Buyer) is acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby and thereby, and any advice given by a Buyer or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s 's purchase of the Securities. The Company further represents to each Buyer that the Company’s and each Subsidiary’s 's decision to enter | into the Transaction Documents to which it is a party has been based solely on the independent evaluation by the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is the Buyers are acting solely in the capacity of an arm’s 's length purchaser purchasers with respect to the Transaction Documents this Agreement and the transactions contemplated hereby and therebythat no Buyer is in possession of any non-public information provided by the Company relating to the Company, other than with respect to a proposed contract with Xxxx Atlantic (the "Proposed Contract"). The Company further acknowledges that no Buyer is acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents this Agreement and the transactions contemplated hereby and thereby, and any advice given by a any Buyer or any of its their respective representatives or agents in connection with the Transaction Documents this Agreement and the transactions contemplated hereby and thereby is merely incidental to such the Buyer’s 's purchase of the Securities. The Company further represents to each Buyer that the Company’s and each Subsidiary’s 's decision to enter into the Transaction Documents to which it is a party this Agreement has been based solely on the independent evaluation by of the Company, each Subsidiary Company and their respective its representatives.

Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that each Buyer is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents to which it is a party and the transactions contemplated hereby and thereby. The Company further acknowledges that no Buyer is acting as a financial advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby and thereby, and any advice given by a Buyer or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s purchase of the Securities. The Company further represents to each Buyer that the Company’s and each Subsidiary’s decision to enter into the Transaction Documents to which it is a party and the transactions contemplated hereby and thereby has been based solely on the independent evaluation by the Company, each Subsidiary Company and their respective its representatives.