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.
Appears in 29 contracts
Samples: Common Stock Purchase Agreement, Agreement for the Purchase of Perferred Stock (Portage Resources Inc.), Agreement for the Purchase of Common Stock (Megas Inc)
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 be required to obtain 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.
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Lightlake Therapeutics Inc.), Common Stock Purchase Agreement (Lightlake Therapeutics Inc.)
Opinion Necessary. Buyer Holder 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 : Holder 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.
Appears in 1 contract
Opinion Necessary. The Buyer acknowledges that if any transfer of the Stock for Sale 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. The Buyer acknowledges that a restrictive legend appears on the Stock for Sale and must remain on the Stock for Sale until such time as it may be removed under the Act.
Appears in 1 contract
Samples: Common Stock Purchase Agreement (China Valves Technology, Inc)
Opinion Necessary. Buyer Holder 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 Holder 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.
Appears in 1 contract
Opinion Necessary. Buyer acknowledges that if any transfer of the Stock is proposed to be made in reliance upon an exemption under the Securities Act of 1933 ("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.
Appears in 1 contract
Samples: Agreement for the Purchase of Preferred Stock (Swap-a-Debt, Inc.)
