Common use of INVESTMENT REPRESENTATION OF THE OPTIONHOLDER Clause in Contracts

INVESTMENT REPRESENTATION OF THE OPTIONHOLDER. The Optionholder represents and warrants to, and agrees with, the Company that the Optionholder is acquiring the Option and the Shares issued upon exercise of the Option for its own account, for investment, and not with a view to the sale or distribution of any part thereof, and that the Optionholder does not have any present intention of distributing or selling the same.

Appears in 8 contracts

Samples: Option Agreement (Powersource Corp), Option Agreement (Powersource Corp), Incentive Stock Option Agreement (Aspac Communications Inc /New)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!