Common use of General Acknowledgments Clause in Contracts

General Acknowledgments. You understand and acknowledge that, while SMBX will verify such information to the extent such verification is required under applicable law, it may rely on the truthfulness of your representations regarding your income, net worth, and/or your prior participation in Reg Crowdfunding Offerings in the prior 12 months when determining whether to permit you to participate in a particular Reg Crowdfunding Offering. • You acknowledge that you are limited in the amount you may invest in offerings under Regulation Crowdfunding over any 12 month period and that, even though SMBX will ask you about these investment amounts and store data regarding such amounts on the App and Site, you alone are responsible for complying with all investment limitations applicable to all such Offerings, both through the App and Site and not through the App and Site; • You understand that any investment you make in a Reg Crowdfunding Offering on the App or Site will be in a security of the particular Small & Medium Business or Startup (“Small & Medium Business Securities” or "Startup Securities"), and that neither SMBX nor any of its affiliates will be involved in the setting of the Offering Terms or the management of the Small & Medium Business or Startup. • You represent that you have or you will review the educational materials provided to you on SMBX App, Site or portion of the App or Site prior to making each investment in a Reg Crowdfunding Offering.