Common use of Representations Relating to Parent Common Stock Clause in Contracts

Representations Relating to Parent Common Stock. The Shareholders, and each of them, represent and warrant to Parent that the shares of Parent Common Stock being acquired pursuant to this Agreement are being acquired for their own accounts and for investment and not with a view to the public resale or distribution of such shares and further acknowledge that the shares being issued have not been registered under the Securities Act or any state securities law and are “restricted securities”, as that term is defined in Rule 144 promulgated by the SEC, and must be held indefinitely, unless they are subsequently registered or an exemption from such registration is available.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (AirRover Wi-Fi Corp.)

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Representations Relating to Parent Common Stock. The ShareholdersOwners, and each of them, represent and warrant to Parent that the shares of Parent Common Stock being acquired pursuant to this Agreement are being acquired for their own accounts and for investment and not with a view to the public resale or distribution of such shares and further acknowledge that the shares being issued have not been registered under the Securities Act or any state securities law and are "restricted securities", as that term is defined in Rule 144 promulgated by the SEC, and must may not be held indefinitelysold or otherwise transferred, unless they are subsequently registered or an exemption from such registration is available.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Usurf America Inc)

Representations Relating to Parent Common Stock. The ShareholdersSxxxxxx and Nxxxxxx, individually and each of themfor himself, represent and warrant to Parent that the shares of Parent Common Stock being acquired pursuant to this Agreement are being acquired for their own accounts and for investment and not with a view to the public resale or distribution of such shares and further acknowledge that the shares being issued have not been registered under the Securities Act or any state securities law and are "restricted securities", as that term is defined in Rule 144 promulgated by the SEC, and must be held indefinitely, unless they are subsequently registered or an exemption from such registration is available.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Usurf America Inc)

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Representations Relating to Parent Common Stock. The Shareholders, Txxxxx represents and each of them, represent and warrant warrants to Parent that the shares of Parent Common Stock being acquired he is acquiring pursuant to this Agreement are being acquired for their his own accounts account and for investment and not with a view to the public resale or distribution of such shares and further acknowledge acknowledges that the shares being issued have not been registered under the Securities Act or any state securities law and are "restricted securities", as that term is defined in Rule 144 promulgated by the SEC, and must be held indefinitely, unless they are subsequently registered or an exemption from such registration is available.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Usurf America Inc)

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