Resale Restrictions on Exchange Shares. Holder understands, covenants and agrees that the Exchange Shares issued shall have such restrictions on the resale of those shares as are required under the Securities Act. In effecting resales of such Exchange Shares, such shares will be deemed to be "restricted securities" as defined under Rule 144 and, unless such offer and resale has been registered under the Securities Act, the resale will be subject to the restrictions and limitations of Rule 144. Holder agrees that a legend may be affixed to the certificate for the Exchange Shares issued to Holder and stop transfer instructions can be placed against the transfer of the Exchange Shares in accordance with the foregoing.
Appears in 12 contracts
Samples: Recapitalization Agreement (Black Warrior Wireline Corp), Recapitalization Agreement (Underbrink Charles E), Recapitalization Agreement (Underbrink Charles E)
