Common use of Limitation on Exercise Clause in Contracts

Limitation on Exercise. The Option shall not be exercisable unless the offer and sale of Common Shares pursuant thereto has been registered under the Securities Act of 1933, as amended (the “1933 Act”), and qualified under applicable state “blue sky” laws or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “blue sky” laws is available.

Limitation on Exercise. The Option Options shall not be exercisable unless the offer and sale of Common Shares pursuant thereto has been registered under the Securities Act of 1933, as amended (the “1933 Act”), ) and qualified under applicable state “blue sky” laws or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “blue sky” laws is available.

Limitation on Exercise. The Option Options shall not be exercisable unless the offer and sale of Common Shares pursuant thereto has been registered under the Securities Act of 1933, as amended (the “1933 Act”), ) and qualified under applicable state “blue sky” laws or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “blue sky” laws is available.the

Limitation on Exercise. The Option Options shall not be exercisable unless the offer and sale of the shares of Common Shares pursuant Stock subject thereto has have been registered under the Securities 1933 Act of 1933, as amended (the “1933 Act”), and qualified under applicable state “"blue sky” laws " laws, or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “"blue sky” " laws is available. The Company may require, as a condition to exercise of an Option, that the Participant make certain representations and warranties as to the Participant's investment intent with respect to the Option Shares.

Limitation on Exercise. The Option Options shall not be exercisable unless the offer and sale of Common Shares pursuant thereto has been registered under the Securities Act of 1933, as amended (the “1933 Act”), ) and qualified under applicable state “blue sky” laws or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “blue sky” laws is available.

Limitation on Exercise. The Option Options shall not be exercisable unless the offer and sale of the shares of Common Shares pursuant Stock subject thereto has have been registered under the Securities 1933 Act of 1933, as amended (the “1933 Act”), and qualified under applicable state “blue sky” laws laws, or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “blue sky” laws is available. The Company may require, as a condition to the exercise of an Option, that the Participant make certain representations and warranties as to the Participant’s investment intent with respect to the Option Shares.

Limitation on Exercise. The Option Options shall not be exercisable unless the offer and sale of the shares of Common Shares pursuant Stock subject thereto has have been registered under the Securities 1933 Act of 1933, as amended (the “1933 Act”), and qualified under applicable state “blue sky” laws laws, or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “blue sky” laws is available. The Company may require, as a condition to exercise of an Option, that the Participant make certain representations and warranties as to the Participant’s investment intent with respect to the Option Shares.

Limitation on Exercise. The Option shall not be exercisable unless the offer and sale of Common Shares Stock pursuant thereto has been registered under the Securities Act of 1933, as amended (the “1933 Act”), and qualified under applicable state “blue sky” laws or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “blue sky” laws is available.

Limitation on Exercise. The Option Options shall not be exercisable unless the offer and sale of Common Shares pursuant thereto has been registered under the Securities Act of 1933, as amended (the “1933 Securities Act”), ) and qualified under applicable state “blue sky” laws or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “blue sky” laws is available.

Limitation on Exercise. The Option Options shall not be exercisable unless the offer and sale of Common Shares pursuant thereto has been registered under the Securities Act of 1933, as amended (the “1933 Act”), ) and qualified under applicable state “blue sky” laws or the Company has determined that an exemption from registration under the 1933 Act and from a qualification under such state “blue sky” laws is available.

Limitation on Exercise. The Option shall not be exercisable unless the offer and sale of Common Shares pursuant thereto has been registered under the Securities Act of 1933, as amended (the ““ 1933 ActAct ”), and qualified under applicable state “blue sky” laws or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “blue sky” laws is available.

Limitation on Exercise. The Option shall not be exercisable unless the offer and sale of Common Shares pursuant thereto has been registered under the Securities Act of 1933, as amended (the “"1933 Act”"), and qualified under applicable state “"blue sky” " laws or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “"blue sky” " laws is available.

Limitation on Exercise. The Option shall not be exercisable unless the offer and sale of Common Shares pursuant Stock subject thereto has been registered under the Securities Act of 1933, as amended (the “"1933 Act”"), and qualified under applicable state “"blue sky” " laws in connection with the offer and sale thereof, or the Company has determined that an exemption from registration under the 1933 Act and from qualification under such state “"blue sky” laws " law is available.