Availability of Rule 144. The Purchaser understands that the requirements of Rule 144 may never be met, and that the Shares may never be saleable. The Purchaser further understands that at the time the Purchaser wishes to sell the Shares, there may be no public market for the Company’s stock upon which to make such a sale, or the current public information requirements of Rule 144 may not be satisfied, either of which would preclude the Purchaser from selling the Shares under Rule 144 even if the one-year minimum holding period had been satisfied.
Appears in 3 contracts
Samples: Stock Purchase Agreement (Garb Oil & Power Corp), Stock Purchase Agreement (Garb Oil & Power Corp), Stock Purchase Agreement (Garb Oil & Power Corp)
Availability of Rule 144. The Purchaser understands that the requirements of Rule 144 may never be met, and that the Shares may never be saleable. The Purchaser further understands that at the time the Purchaser wishes to sell the Conversion Shares, there may be no public market for the Company’s stock upon which to make such a sale, or the current public information requirements of Rule 144 may not be satisfied, either of which would preclude the Purchaser from selling the Conversion Shares under Rule 144 even if the one-year minimum holding period had been satisfied.
Appears in 2 contracts
Samples: Debt Conversion and Stock Purchase Agreement (Garb Oil & Power Corp), Debt Conversion and Stock Purchase Agreement (Garb Oil & Power Corp)
