Common use of Limited Resale Clause in Contracts

Limited Resale. Investor understands that the Flash Convertible Security and, if issued, the Conversion Shares, must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available. Investor has been advised or is aware of the provisions of Rule 144, as in effect from time to time, which permit limited resale of securities purchased in a private placement subject to the satisfaction of certain conditions, including, among other things, the resale occurring following the required holding period under Rule 144.

Appears in 4 contracts

Samples: Flash Convertible Security Subscription Agreement, Flash Convertible Security Subscription Agreement, Flash Convertible Security Subscription Agreement

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