"To the knowledge of the Corporation, the Subscriber does not currently own any securities of the Corporation. Accordingly, the Subscriber is not expected to become an insider of the Corporation and the Private Placement is not expected to materially affect the control of the Corporation."

So if they know who the entity is why use this language  I underscored?

Should read ...The corporation acknowledges etc...and...the Private Placement will not materially affect etc...

Koo