Common use of Compliance with the Securities Laws Clause in Contracts

Compliance with the Securities Laws. (a) It is the intent of the parties that this Trading Plan comply with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and this Trading Plan shall be interpreted to comply with the requirements of Rule 10b5-1(c) under the Exchange Act. (b) Broker agrees to conduct all Sales in accordance with the manner of sale requirement of Rule 144 under the Act, if applicable, and in no event shall Broker effect any sale if such Sale would exceed the then applicable volume limitation under Rule 144 of the Act, assuming Broker’s Sale under this Trading Plan are the only sales subject to that limitation. Seller agrees not to take, and agrees to cause any person or entity with which he or she would be required to aggregate sales of Stock pursuant to paragraph (a)(2) or (e) of Rule 144 under the Act not to take, any action that would cause the Sales not to comply with Rule 144 under the Act. (c) Seller agrees to make all filings, if any, required under Section 13(d) and 16 of the Exchange Act.

Appears in 3 contracts

Samples: Trading Plan (In Touch Media Group, Inc.), Trading Plan (In Touch Media Group, Inc.), Trading Plan (In Touch Media Group, Inc.)

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Compliance with the Securities Laws. (a) It is the intent of the parties that this Trading Plan comply with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and this Trading Plan shall be interpreted to comply with the requirements of Rule 10b5-1(c) under the Exchange Act. (b) Broker agrees to conduct all Sales in accordance with the manner of sale requirement of Rule 144 under the Act, if applicable, and in no event shall Broker effect any sale if such Sale would exceed the then applicable volume limitation under Rule 144 of the Act144, assuming Broker’s Sale Sales under this Trading Plan are the only sales subject to that limitation. Seller agrees not to take, and agrees to cause any person or entity with which he or she would be required to aggregate sales of Common Stock pursuant to paragraph (a)(2) or (e) of Rule 144 under the Act not to take, any action that would cause the Sales not to comply with Rule 144. Seller will be responsible for making all required Form 144 under filings. The seller will provide copies of all filings to the ActBroker prior to the implementation of the Trading Plan. (c) Seller agrees to make all filings, if any, required under Section Sections 13(d) and 16 of the Exchange Act.

Appears in 1 contract

Samples: Trading Plan (Asia Pacific Online LTD)

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