/Docs/G/500Startups-KISS-CmA/Sec/Approve/0.md
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Ti = Approval
sec = {The_Company} hereby represents that its Board of Directors, in the exercise of its fiduciary duty, has approved {the_Company}'s execution of this {KISS} based upon a reasonable belief that the {Purchase_Price} provided hereunder is appropriate for {the_Company} after reasonable inquiry concerning {the_Company}'s financing objectives and financial situation. In addition, {the_Company} hereby represents that it intends to use the {Purchase_Price} primarily for the operations of its business, and not for any personal, family or household purpose.
= [G/Z/ol/1]