Common use of The Company May Rely on These Representations Clause in Contracts

The Company May Rely on These Representations. Subscriber understands that the Company’s offer and sale of the Shares has not been registered under the Securities Act of 1933, as amended, because the Company believes, relying in part on Subscriber’s representations in this Agreement, that an exemption from such registration requirement is available for such sale. Subscriber understands that the availability of this exemption depends upon the representations Subscriber is making to the Company in this Agreement being true and correct.

The Company May Rely on These Representations. Subscriber understands that the Company’s offer and sale of the Shares Preferred Membership has not been registered under the Securities Act of 1933, as amended, because the Company believes, relying in part on Subscriber’s representations in this Agreement, that an exemption from such registration requirement is available for such sale. Subscriber understands that the availability of this exemption depends upon the representations Subscriber is making to the Company in this Agreement being true and correct.