Common use of Restricted Nature of Shares Clause in Contracts

Restricted Nature of Shares. The Shares to be issued to Purchaser shall be subject to a two (2) year holding period before the Shares are eligible for sale in the U.S. public market. The sale of the Shares will be further limited by the resale provisions of SEC Rule 144.

Appears in 3 contracts

Samples: Subscription Agreement (Solar Integrated Roofing Corp.), Stock Purchase Agreement (Solar Integrated Roofing Corp.), Stock Purchase Agreement (Solar Integrated Roofing Corp.)

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Restricted Nature of Shares. The Shares to be issued to Purchaser the PURCHASER shall be subject to a two one (21) year holding period before the Shares are eligible for sale in the U.S. public market. The sale of the Shares will be further limited by the resale provisions of SEC Rule 144.

Appears in 1 contract

Samples: Share Purchase Agreement (Omicron Technologies Inc)

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Restricted Nature of Shares. The Shares to Subscriber will be issued to Purchaser the shares which unless otherwise contractually restricted, shall be subject to a two one (21) year holding period before the Shares shares are eligible for sale in the U.S. public market. The sale of the Shares shares will be further limited by the resale provisions of SEC Rule 144.

Appears in 1 contract

Samples: Subscription Agreement (Jupiter Enterprises Inc)

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