Common use of Investment Intent; Accredited Investor Clause in Contracts

Investment Intent; Accredited Investor. (a) Seller is acquiring the Consideration Units for investment for its own account and not with a view to, or for sale in connection with, any distribution of the Consideration Units. Seller is aware that, when issued at Closing, the Consideration Units (i) will not be registered under the Securities Act or under any state or foreign securities Laws and (ii) will constitute “restricted securities” under federal securities laws and that under such laws and applicable regulations, none of such Consideration Units can be sold or otherwise disposed of without registration under the Securities Act or an exemption therefrom.