Common use of Representations of Grantee Clause in Contracts

Representations of Grantee. Grantee hereby represents and warrants to the Issuer that any Option Shares acquired by Grantee upon the exercise of the Stock Option will not be, and the Stock Option is not being, acquired by Grantee with the intention of making a public distribution thereof, other than pursuant to an effective registration statement under the Securities Act or otherwise in compliance with the Securities Act.

Representations of Grantee. Grantee hereby represents and warrants to the Issuer that the Option is not being acquired, and any Option Shares acquired shares of Common Stock or other securities issuable by Grantee upon the exercise of the Stock Option will not bebe acquired, and with a view to the Stock Option is not being, acquired by Grantee with the intention of making a public distribution thereof, other than pursuant to an effective registration statement under the Securities Act thereof and will not be transferred or otherwise disposed of except in compliance with a transaction registered or exempt from registration under the Securities Act.

Representations of Grantee. Grantee hereby represents and warrants to the Issuer that any Option Shares acquired by Grantee upon the exercise of the Stock Option will not be, and the Stock Option is not being, acquired by Grantee with the intention of making a public distribution thereof, other than pursuant to an effective registration statement under the Securities Act or otherwise in compliance with the Securities Act.