Speculative Nature. Purchaser acknowledges and confirms that: (i) Purchaser and Seller have conferred specifically concerning the contingent and uncertain nature of the Profits Interest; (ii) Seller and Purchaser understand and agree that the Profits Interest payable as a result of this Agreement is highly speculative in nature; (iii) both the payments and amount, if any, of the Profits Interest are dependent upon a number of contingencies which are not within Purchaser's control, including, but not limited to, investor interest in the market for shares of NHLT, the corporation's financial performance, and the general state of the stock market and of the U. S. economy; and (iv) the grant of the Profits Interest is for a business purpose.
Appears in 2 contracts
Samples: Stock Purchase And, Stock Purchase And
Speculative Nature. Purchaser acknowledges and confirms that: (i) Purchaser and Seller have conferred specifically concerning the contingent and uncertain nature of the Profits Interest; (ii) Seller and Purchaser understand and agree that the Profits Interest payable as a result of this Agreement is highly speculative in nature; (iii) both the payments and amount, if any, of the Profits Interest are dependent upon a number of contingencies which are not within Purchaser's control, including, but not limited to, investor interest in the market for shares of NHLT, the corporation's financial performance, and the general state of the stock market and of the U. S. economy; and (iv) the grant of the Profits Interest is for a business purpose.. 4.3.2
Appears in 2 contracts
Samples: Stock Purchase and Profits Interest Agreement (Nix Leah Janice Trust), Stock Purchase and Profits Interest Agreement (Davis Gary J)
