Hold Periods. 4.1 The Purchaser acknowledges that the Shares may not be traded in British Columbia or Ontario for a period of four months from the date hereof, except as may be otherwise permitted by the Applicable Securities Laws, and that the Shares are also subject to a four (4) month hold period under the policies of the Toronto Stock Exchange. The certificates representing the Shares will contain a legend denoting the restrictions on transfer imposed by the Applicable Securities Laws and the Exchanges, and where applicable, Rule 144 of the United States Securities Act of 1933. The Purchaser agrees to sell, assign or transfer the Shares only in accordance with the requirements of the Applicable Securities Laws and the Exchanges.
Appears in 4 contracts
Samples: Private Placement Subscription Agreement (Tanzanian Royalty Exploration Corp), Private Placement Subscription Agreement (Tanzanian Royalty Exploration Corp), Private Placement Subscription Agreement (Tanzanian Royalty Exploration Corp)
