No Market for the Shares. The Shares are “not restricted” under Rule 144 of the Securities Act and are freely tradeable as a matter of law unless Subscriber is an “affiliate” of the Company, which is generally defined as a Company Director, officer, or a holder of more than 10% equity of the Company (see Rule 144(a)(1)). Even though these Shares may be freely tradeable, Subscriber acknowledges and agrees that there is no ready public market for the Shares and that there is no guarantee that a market for their resale will ever exist. Subscriber must bear the economic risk of this investment indefinitely. Subscriber also understands that an investment in the Company involves significant risks and has taken full cognizance of and understands all of the risk factors relating to the purchase of Shares.
Appears in 4 contracts
Samples: Subscription Agreement (Old Glory Holding Co), Subscription Agreement (Old Glory Holding Co), Subscription Agreement (Old Glory Holding Co)
