Common use of Additional Provisions Related to Exercise Clause in Contracts

Additional Provisions Related to Exercise. In the event of the exercise of the Option at a time when there is not in effect a registration statement under the Securities Act relating to the Option Shares, the Optionee hereby represents and warrants, and by virtue of such exercise shall be deemed to represent and warrant, to the Company that the Option and the Option Shares are being acquired for investment only and not with a view to the distribution thereof, and the Optionee shall provide the Company with such further representations and warranties as the Board may require in order to ensure compliance with applicable federal and state securities, "blue sky" and other laws. No Option Shares shall be purchased upon the exercise of the Option unless and until the Company and the Optionee shall have complied with all applicable federal or state registration, listing and qualification requirements and all other requirements of law or of any Government Entity having jurisdiction. Each of the Company and the Optionee shall use reasonable efforts to comply with all applicable federal or state registration, listing and/or qualification requirements and all other requirements of law or of any Governmental Entity having jurisdiction in connection with the exercise of the Option.

Additional Provisions Related to Exercise. In the event of the exercise of the Option at a time when there is not in effect a registration statement under the Securities Act Registration Statement relating to the Option SharesOption, the Optionee Employee hereby represents and warrants, and by virtue of such exercise shall be deemed to represent and warrant, to the Company that the Option and the Option Shares any Options purchased hereunder are being acquired for investment only and not with a view to the distribution thereof, and the Optionee . The Employee shall provide the Company with such further representations and warranties as the Board may require in order to ensure compliance with applicable federal and state securities, "blue sky" and other laws. No Option Shares Options shall be purchased upon the exercise of the Option unless and until the Company and and/or the Optionee Employee shall have complied with all applicable federal or state or provincial registration, listing and and/or qualification requirements and all other requirements of law or of any Government Entity regulatory agencies having jurisdiction. Each of the Company and the Optionee Employee shall use reasonable efforts to comply with all applicable federal or state registration, listing and/or qualification requirements and all other requirements of law or of any Governmental Entity regulatory agencies having jurisdiction in connection with the exercise of the Option.