Investment Undertaking. 10. The Options may be exercised only by Holder except as provided for herein. The Holder will hold the Options and the rights constituent thereto for investment and not with an intention of distribution, and upon exercise will deliver a letter confirming the Holder's nondistributive intent with respect to the shares of the Employer’s common stock received as a result of the exercise of the Options.
Appears in 8 contracts
Samples: Stock Option Agreement (SPECTRAL CAPITAL Corp), Stock Option Agreement (SPECTRAL CAPITAL Corp), Stock Option Agreement (SPECTRAL CAPITAL Corp)
Investment Undertaking. 10. The Options may be exercised only by Holder except as provided for hereinHolder. The Holder will hold the Options and the rights constituent thereto for investment and not with an intention of distribution, and upon exercise will deliver a letter confirming the Holder's nondistributive intent with respect to the shares of the Employer’s Company's common stock received as a result of the exercise of the Options.. Rights as Shareholder
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Tornado Gold International Corp)
