Common use of Representation Letter and Investment Legend Clause in Contracts

Representation Letter and Investment Legend. (a) In the event that for any reason the Shares to be issued upon exercise of an Option are not effectively registered under the Securities Act, on the date of exercise, the Optionee (or the person exercising the Option pursuant to Section 7) shall provide a written representation to the Company in the form attached hereto as Exhibit A, and the Company shall place the legend described on Exhibit A, upon any certificate for the Shares issued by reason of such exercise. (b) The Company shall be under no obligation to qualify Shares or to cause a registration statement or a post-effective amendment to any registration statement to be prepared for the purposes of covering the issue of Shares; provided, that the Company will use its reasonable best efforts to comply with any available exemption from registration and qualification of the Shares under applicable federal and state securities laws.

Representation Letter and Investment Legend. (a) In the event that for any reason the Shares to be issued upon exercise of an the Option are shall not effectively be registered under the Securities 1933 Act, upon any date on which the date of exerciseOption is exercised in whole or in part, the Optionee (or the person exercising the Option pursuant to Section 7) shall provide give a written representation to the Company in the form attached hereto as Exhibit A, 1 and the Company shall place the legend an investment legend, as described on in Exhibit A1, upon any certificate for the Shares issued by reason of such exercise. (b) The Company shall be under no obligation to qualify Shares or to cause a registration statement or a post-effective amendment to any registration statement to be prepared for the purposes purpose of covering the issue of Shares; provided, that the Company will use its reasonable best efforts to comply with any available exemption from registration and qualification of the Shares under applicable federal and state securities laws.