Common use of Reliance Upon Purchaser’s Representations Clause in Contracts

Reliance Upon Purchaser’s Representations. The Purchaser understands that the DBSI Common Stock has not been registered under the Securities Act on the grounds that the transactions contemplated by this Purchase Agreement and the issuance of the DBSI Common Stock hereunder are exempt from registration under the Securities Act pursuant to Regulation D promulgated thereunder, and that the Company's reliance on such exemption is predicated on the Purchaser's representations set forth herein.