Common use of Control Shares Clause in Contracts

Control Shares. The Certificates representing the Shares delivered pursuant to this Agreement are owned by an affiliate of the Company and accordingly are restricted securities as that term is defined in Rule 144 of the Securities Act of 1933 (the “Act”). As such, upon transfer of the Shares to the Purchaser, the Purchaser will begin a new holding period as set forth in Rule 144 and the Shares may not be resold without registration or pursuant to an exemption from registration for the holding period set forth in Rule 144. Accordingly, certificates issued to the Purchaser will contain an appropriate restrictive legend.

Appears in 12 contracts

Samples: Share Purchase Agreement (Legend Mining Inc.), Share Purchase Agreement (Uventus Techonologies Corp), Stock Purchase Agreement (Buzz Media, Ltd.)

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Control Shares. The Certificates representing the Shares delivered pursuant to this Agreement are owned by an affiliate of the Company and accordingly are restricted securities as that term is defined in Rule 144 of the Securities Act of 1933 (the "Act"). As such, upon transfer of the Shares to the Purchaser, the Purchaser will begin a new holding period as set forth in Rule 144 and the Shares may not be resold without registration or pursuant to an exemption from registration for the holding period set forth in Rule 144. Accordingly, certificates issued to the Purchaser will contain an appropriate restrictive legend.

Appears in 5 contracts

Samples: Share Purchase Agreement (Cdoor Corp), Share Purchase Agreement (Basson Israel), Share Purchase Agreement (Maz Maria C)

Control Shares. The Certificates representing the Shares delivered pursuant to this Agreement are owned by an affiliate affiliates of the Company and accordingly are restricted securities as that term is defined in Rule 144 of the Securities Act of 1933 (the “Act”). As such, upon transfer of the Shares to the Purchaser, the Purchaser will begin a new holding period as set forth in Rule 144 and the Shares may not be resold without registration or pursuant to an exemption from registration for the holding period set forth in Rule 144. Accordingly, certificates issued to the Purchaser will contain an appropriate restrictive legend.

Appears in 2 contracts

Samples: Share Purchase Agreement (Syncfeed, Inc.), Share Purchase Agreement (Ultra Care Inc)

Control Shares. The Certificates representing the Shares Share delivered pursuant to this Agreement are owned by an affiliate of the Company and accordingly are restricted securities as that term is defined in Rule 144 of the Securities Act of 1933 (the “Act”). As such, upon transfer of the Shares to the Purchaser, the Purchaser will begin a new holding period as set forth in Rule 144 and the Shares may not be resold without registration or pursuant to an exemption from registration for the holding period set forth in Rule 144. Accordingly, certificates issued to the Purchaser will contain an appropriate restrictive legend.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Affinity Gold Corp.), Share Purchase Agreement (Affinity Gold Corp.)

Control Shares. The Certificates representing the Shares delivered pursuant to this Agreement are owned by an affiliate affiliates of the Company and accordingly are restricted securities as that term is defined in Rule 144 of the Securities Act of 1933 (the "Act"). As such, upon transfer of the Shares to the PurchaserBuyer, the Purchaser will Buyer may begin a new holding period as set forth in Rule 144 and the Shares may not be resold without registration or pursuant to an exemption from registration for the holding period set forth in Rule 144. Accordingly, certificates issued to the Purchaser Buyer will contain an appropriate restrictive legend.

Appears in 1 contract

Samples: Stock Purchase Agreement (Camden Mines LTD)

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Control Shares. The Certificates representing the Shares delivered pursuant to this Agreement are owned by an affiliate affiliates of the Company and accordingly are restricted securities as that term is defined in Rule 144 of the Securities Act of 1933 (the “Act”AAct"). As such, upon transfer of the Shares to the PurchaserBuyer, the Purchaser Buyer will begin a new holding period as set forth in Rule 144 and the Shares may not be resold without registration or pursuant to an exemption from registration for the holding period set forth in Rule 144. Accordingly, certificates issued to the Purchaser Buyer will contain an appropriate restrictive legend.

Appears in 1 contract

Samples: Stock Purchase Agreement (Palal Mining Corp)

Control Shares. The Certificates representing the Shares delivered pursuant to this Agreement are owned by an affiliate affiliates of the Company and accordingly are restricted securities as that term is defined in Rule 144 of the Securities Act of 1933 (the "Act"). As such, upon transfer of the Shares to the Purchaser, the Purchaser will begin a new holding period as set forth in Rule 144 and the Shares may not be resold without registration or pursuant to an exemption from registration for the holding period set forth in Rule 144. Accordingly, certificates issued to the Purchaser will contain an appropriate restrictive legend.

Appears in 1 contract

Samples: Shareholder Agreement (Advanced Ventures Corp)

Control Shares. The Certificates representing the Shares delivered pursuant to this Agreement are owned by an affiliate affiliates of the Company and accordingly are restricted securities as that term is defined in Rule 144 of the Securities Act of 1933 (the "Act"). As such, upon transfer of the Shares to the PurchaserBuyer, the Purchaser Buyer will begin a new holding period as set forth in Rule 144 and the Shares may not be resold without registration or pursuant to an exemption from registration for the holding period set forth in Rule 144. Accordingly, certificates issued to the Purchaser Buyer will contain an appropriate restrictive legend.

Appears in 1 contract

Samples: Stock Purchase Agreement (Aberdene Mines LTD)

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