Common use of Optionee Representations Clause in Contracts

Optionee Representations. Optionee hereby represents and warrants that Optionee has reviewed with his or her own tax advisors the federal, state, and local tax consequences of the transactions contemplated by this Agreement. Optionee is relying solely on such advisors and not on any statements or representation of the Company or any of its agents. Optionee understands that he or she will be solely responsible for any tax liability that may result to him or her as a result of the transactions contemplated by this Agreement. The Option, if exercised, will be exercised for investment and not with a view to the sale or distribution of the Shares to be received upon exercise thereof.

Appears in 5 contracts

Samples: Stock Option Agreement (El Capitan Precious Metals Inc), Stock Option Agreement (El Capitan Precious Metals Inc), Stock Option Agreement (Velcera, Inc.)

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Optionee Representations. Optionee hereby represents and warrants that Optionee has reviewed with his or her Optionee’s own tax advisors the federal, state, and local tax consequences of the transactions contemplated by this Agreement. Optionee is relying solely on such advisors and not on any statements or representation of the Company or any of its agents. Optionee understands that he or she Optionee will be solely responsible for any tax liability that may result to him or her Optionee as a result of the transactions contemplated by this Agreement. The Option, if exercised, will be exercised for investment and not with a view to the sale or distribution of the Shares to be received upon exercise thereof.

Appears in 2 contracts

Samples: Stock Option Agreement (Cougar Biotechnology, Inc.), Stock Option Agreement (Wits Basin Precious Minerals Inc)

Optionee Representations. Optionee hereby represents and warrants that Optionee has reviewed with his or her own tax advisors the federal, state, and local tax consequences of the transactions contemplated by this Agreementagreement. Optionee is relying solely on such advisors and not on any statements or representation of the Company or any of its agents. Optionee understands that he or she will be solely responsible for any tax liability that may result to him or her as a result of the transactions contemplated by this Agreementagreement. The Option, if exercised, will be exercised for investment and not with a view to the sale or distribution of the Shares to be received upon exercise thereof.

Appears in 1 contract

Samples: Stock Option Agreement (Wits Basin Precious Minerals Inc)

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Optionee Representations. Optionee hereby represents and warrants that Optionee has reviewed with his or her own tax advisors the federal, state, and local tax consequences of the transactions contemplated by this Agreement. Optionee is relying solely on such advisors and not on any statements or representation of the Company or any of its agents. Optionee understands that he or she will be solely responsible for any tax liability that may result to him or her as a result of the transactions contemplated by this Agreement. The Option, if exercised, will be exercised for investment and not with a view to the sale or distribution of the Shares to be received upon exercise thereof.

Appears in 1 contract

Samples: Stock Option Agreement (Standard Gold)

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