Common use of No Minimum Number of Offered Shares Need be Sold Clause in Contracts

No Minimum Number of Offered Shares Need be Sold. The Subscriber acknowledges that the Company is offering and selling the Offered Shares on a no minimum basis, and further acknowledges and understands that since there is no minimum number of Units to be sold, no proceeds will be held in an escrow account and all funds will be immediately available to, and for use by, the Company. Subscriber further acknowledges that he may be the only investor in the Offering.

Appears in 9 contracts

Samples: Subscription Agreement (iGlue, Inc.), Subscription Agreement (Power of the Dream Ventures Inc), Subsription Agreement (Power of the Dream Ventures Inc)

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