Common use of Private Reselling Clause in Contracts

Private Reselling. Trust may, from time-to-time, resell, grant rights to, barter, swap or otherwise exchange the Shares with qualified purchasers, partners or counter-parties on such terms as Trust and such parties may agree. Trust agrees that it will not enter into any such transaction with a U.S. Person or engage in U.S.-directed selling efforts in connection with any such transaction, and that it will provide instructions to the Company’s transfer agent that the Shares shall contain an appropriate legend restricting further resale. Company agrees to register any Shares sold by Trust in its share ledger in the name of the purchaser. Trust understands and agrees that the sale of any Shares under these provisions will not establish any rights in favor of the purchaser beyond those rights granted to Trust, and further agrees to inform any broker or purchaser with respect to the rights, obligations and limitations applicable to it as set out in this Agreement.

Appears in 4 contracts

Samples: Amended Master Financing Agreement, Master Financing Agreement (Utilicraft Aerospace Industries, Inc.), Master Financing Agreement (Utilicraft Aerospace Industries, Inc.)

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