Opinion Necessary. Buyer acknowledges that if any transfer of the Stock is proposed to be made in reliance upon an exemption under the Act, the Company may require an opinion of counsel satisfactory to the Company that such transfer may be made pursuant to an applicable exemption under the Act. Buyer acknowledges that a restrictive legend appears on the Stock and must remain on the Stock until such time as it may be removed under the Act.
Opinion Necessary. Buyer acknowledges that if any transfer of the Units is proposed to be made in reliance upon an exemption under the Act, the Company may require an opinion of counsel satisfactory to the Company that such transfer may be made pursuant to an applicable exemption under the Act. Buyer acknowledges that a restrictive legend appears on the Units and must remain on the Units in accordance with Rule 144 of the Act. Should the Units be registered in a registration statement or become eligible for removal of the restrictive legend pursuant to Rule 144 of the Act, the Company may require an opinion of counsel satisfactory to the Company that such removal may be made pursuant to Rule 144 of the Act.
Opinion Necessary. Buyer acknowledges that if any transfer of the Equity is proposed to be made in reliance upon an exemption under the Act. Buyer acknowledges that a restrictive legend appears on the Equity and must remain on the Equity until such time as it may be removed under the Act.
Opinion Necessary. Buyer acknowledges that if any transfer of the Stock is proposed to be made in reliance upon an exemption under the Act, the Company may require an opinion of counsel satisfactory to the Company that such transfer may be made pursuant to an applicable exemption under the Act. Buyer acknowledges that a restrictive legend appears on the Stock and the Warrant and must remain on the Stock and the Warrant until such time as it may be removed under the Act. Buyer understands that the Company is considered a shell and that the Seller is an affiliate of the Shell. As a result, the Buyer understands that he may not be able to avail itself of Rule 144 in any resale transaction and that any resale must be made pursuant to a registration statement filed with the Securities Exchange Commission.
Opinion Necessary. The Shareholder acknowledges that if any transfer of the ForU Shares is proposed to be made in reliance upon an exemption under the Act, the Company may require an opinion of counsel satisfactory to the Company that such transfer may be made pursuant to an applicable exemption under the 1933 Act. The Shareholder acknowledges that a restrictive legend appears on the ForU Shares and must remain on the ForU Shares until such time as it may be removed under the Act.
Opinion Necessary. Seller acknowledges on behalf of itself and its shareholders that if any transfer of the Mega Shares is proposed to be made in reliance upon an exemption under the Securities Act, the Company may require an opinion of counsel satisfactory to the Company that such transfer may be made pursuant to an applicable exemption under the Securities Act. Seller acknowledges on behalf of itself and its shareholders that a restrictive legend appears on the Mega Shares and must remain on the Mega Shares until such time as it may be removed under the Securities Act.
Opinion Necessary. Transferor acknowledges that if any transfer of the Transferable Transferee’s Restricted Common Stock is proposed to be made in reliance upon an exemption under the Securities Act, the Transferee may require an opinion of counsel that such transfer may be made pursuant to an applicable exemption under the Securities Act. Transferor acknowledges that a restrictive legend will appear on Transferee’s Restricted Common Stock and must remain until such time as it may be removed under the Securities Act.
