Common use of Disposition under Rule 144 Clause in Contracts

Disposition under Rule 144. The Purchaser also acknowledges and understands that: (a) the Shares are restricted securities within the meaning of Rule 144 of the U.S. Securities Act; and (b) the exemption from registration under Rule 144 will not be available in any event for at least one year from the date of purchase and payment of the Shares by the Purchaser, and even then will not be available unless (i) a public trading market then exists for the common stock of the Issuer, (ii) adequate information concerning the Issuer is then available to the public and (iii) other provisions of Rule 144 are complied with.

Disposition under Rule 144. The Purchaser also acknowledges and understands that: (a) the Shares are restricted securities within the meaning of Rule 144 of the U.S. US Securities Act; and; (b) the exemption from registration under Rule 144 will not be available in any event for at least one year six months from the date of purchase and payment of the Shares by the Purchaser, and even then will not be available unless (i) a public trading market then exists for the common stock of the Issuer, (ii) adequate information concerning the Issuer Company is then available to the public and (iii) other provisions of Rule 144 are complied with.; and