Common use of Conditions upon Issuance of Option Clause in Contracts

Conditions upon Issuance of Option. As a condition to the exercise of the Option, the Company may require the Grantee to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of legal counsel for the Company, such a representation is required by any relevant provision of law.

Appears in 5 contracts

Samples: Non Qualified Stock Option Grant Agreement (Novume Solutions, Inc.), Non Qualified Stock Option Grant Agreement (Novume Solutions, Inc.), Non Qualified Stock Option Grant Agreement (Novume Solutions, Inc.)

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