Common use of Speculative Nature and Risk Clause in Contracts

Speculative Nature and Risk. Purchaser understands and --------------------------- acknowledges the speculative nature of and substantial risk of loss associated with an investment in the Shares. Purchaser represents and warrants that the Shares constitute an investment which is suitable and consistent with Purchaser's financial condition and that Purchaser is able to bear the risks of this investment for an indefinite period of time, which may include the total loss of Purchaser's investment in the Shares. Purchaser further represents that (a) Purchaser has adequate means of providing for Purchaser's current financial needs and contingencies, (b) there is no need for liquidity in Purchaser's investment in the Shares, and (c) Purchaser has sufficient financial and business experience to evaluate the merits and risks of an investment in the Shares.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Global Diamond Resources Inc), Securities Purchase Agreement (Global Diamond Resources Inc)

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Speculative Nature and Risk. Purchaser understands and --------------------------- acknowledges the speculative nature of and substantial risk of loss associated with an investment in the Shares. Purchaser represents and warrants that the Shares constitute an investment which is suitable and consistent with Purchaser's financial condition and that Purchaser is able to bear the risks of this investment for an indefinite period of time, which may include the total loss of Purchaser's investment in the SharesCompany. Purchaser further represents that (a) Purchaser has adequate means of providing for Purchaser's current financial needs and contingencies, (b) corporate contingencies and that there is no need for liquidity in Purchaser's investment in the Shares, Shares and (c) that Purchaser has sufficient financial and business experience to evaluate the merits and risks of an investment in the SharesCompany.

Appears in 1 contract

Samples: Securities Purchase Agreement (Unistar Gaming Corp)

Speculative Nature and Risk. Purchaser understands and --------------------------- acknowledges the speculative nature of and substantial risk of loss associated with an investment in the Shares. Purchaser represents and warrants that the Shares constitute an investment which is suitable and consistent with Purchaser's financial condition and that Purchaser is able to bear the risks of this investment for an indefinite period of time, which may include the total loss of Purchaser's investment in the SharesCompany. Purchaser further represents that (a) Purchaser has adequate means of providing for Purchaser's current financial needs and contingencies, (b) corporate contingencies and that there is no need for liquidity in Purchaser's investment in the Shares, Shares and (c) that Purchaser has sufficient financial and business experience to evaluate the merits and risks of an investment in the SharesCompany.

Appears in 1 contract

Samples: Securities Purchase Agreement (Virtual Gaming Technologies Inc)

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Speculative Nature and Risk. The Purchaser understands and --------------------------- acknowledges the speculative nature of and substantial risk of loss associated with an investment in the SharesSecurities. The Purchaser represents and warrants that the Shares Securities constitute an investment which is suitable and consistent with the Purchaser's financial condition and that the Purchaser is able to bear the risks of this investment for an indefinite period of time, which may include the total loss of the Purchaser's investment in the SharesSecurities. The Purchaser further represents that (a) the Purchaser has adequate means of providing for the Purchaser's current financial needs and contingencies, (b) there is no need for liquidity in the Purchaser's investment in the SharesSecurities, and (c) the Purchaser has sufficient financial and business experience to evaluate the merits and risks of an investment in the SharesSecurities.

Appears in 1 contract

Samples: Securities Purchase Agreement (Global Diamond Resources Inc)

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