Disposition under Rule 144. Employee understands: (i) that the Shares are “restricted securities” within the meaning of Rule 144 promulgated under the Securities Act, which limit the sale of the Shares in a public market transaction; (ii) that the exemption from registration under Rule 144 will not be available, in any event, for at least one year from the date of issuance of the Shares, and even then will not be available unless (A) a public trading market then exists for the Common Shares of the Company, (B) adequate information concerning the Company is then available to the public, and (C) other terms and conditions of Rule 144 are complied with; (iii) that certain sales of the Shares may be made only in limited amounts in accordance with such terms and conditions; and (iv) that there can be no guarantee that an exemption from registration under Rule 144 or Rule 701 will be available.
Appears in 4 contracts
Samples: Employee Stock Ownership Agreement (Ballast Point Brewing & Spirits, Inc.), Employee Stock Ownership Agreement (Ballast Point Brewing & Spirits, Inc.), Employee Stock Ownership Agreement (Ballast Point Brewing & Spirits, Inc.)
