Common use of Future Registration Clause in Contracts

Future Registration. The Shareholders understand that because the Common Stock has not been regislered under the Act or any State Act, they must hold the Common Stock indefinitely, and cannot dispose of any or all of the Common Stock unless such Common Stock is subsequently registered under the Act and any applicable State Aa, or exemptions from registration are available. The Shareholders acknowledge and understand that (hey have no independent right to require the Company to register the shares of Common Stock. The Shareholders further understand that the Company may, as a condition to the transfer of any of Common Stock, require that the request for transfer by a Shareholder be accompanied by an opinion of counsel, in form and substance satisfactory to the Company, provided at such Shareholder's expense, to the effect that the proposed transfer does not result in violation of the Act or any applicable State Act, unless such transfer is covered by an effective registration statement under the Act and is in compliance with all applicable State Acts. 11.

Future Registration. The Shareholders understand that because the Common common Stock has not been regislered registered under the Act or of any State ActState, that they must hold the Common Stock indefinitely, and cannot dispose of any any; or all of the Common Stock STock unless such Common common Stock is subsequently registered under the Act and any applicable State AaAct, or exemptions from registration are available. The Shareholders acknowledge and understand that (hey they have no independent right to require acquire the Company to register the shares of Common Stock. The Shareholders further understand that the Company company may, as a condition to the transfer of any of the Common Stock, require that the request for transfer by a Shareholder be accompanied by an opinion of counsel, in form inform and substance satisfactory to the Company, provided at such Shareholder's expense, to the effect that taht the proposed transfer does not nto result in violation of the Act or of any applicable State Act, unless such transfer is covered by an effective registration statement under the Act and is in compliance with all applicable State Acts. 11.

Future Registration. The Shareholders understand that because the Common Stock has not been regislered registered under the Act or any State Act, they must hold the Common Stock indefinitely, and cannot dispose of any or all of the Common Stock unless such Common Stock is subsequently registered under the Act and any applicable State AaAct, or exemptions from registration are available. The Shareholders acknowledge and understand that (hey they have no independent right to require the Company HyperDynamics to register the shares of Common Stock. The Shareholders further understand that the Company HyperDynamics may, as a condition to the transfer of any of Common Stock, require that the request for transfer by a Shareholder be accompanied by an opinion of counsel, in form and substance satisfactory to the CompanyHyperDynamics, provided at such Shareholder's expense, to the effect that the proposed transfer does not result in violation of the Act or any applicable State Act, unless such transfer is covered by an effective registration statement under the Act and is in compliance with all applicable State Acts. 11.

Future Registration. The Shareholders understand that because the Common Stock has not been regislered registered under the Act or any State Act, they must hold the Common Stock indefinitely, and cannot dispose of any or all of the Common Stock unless such Common Stock is subsequently registered under the Act and any applicable State AaAct, or exemptions from registration are available. (a) The Shareholders acknowledge and understand that (hey they have no independent right to require the Company HyperDynamics to register the shares of Common Stock. The Shareholders further understand that the Company HyperDynamics may, as a condition to the transfer of any of Common Stock, require that the request for transfer by a Shareholder be accompanied by an opinion of counsel, in form and substance satisfactory to the CompanyHyperDynamics, provided at such Shareholder's expense, to the effect that the proposed transfer does not result in violation of the Act or any applicable State Act, unless such transfer is covered by an effective registration statement under the Act and is in compliance with all applicable State Acts. 11.