Common use of Restricted Securities; Rule 144 Clause in Contracts

Restricted Securities; Rule 144. Purchasers each understand that the Shares are characterized as “restricted securities” under the Securities Act because such Shares are being acquired from the Corporation in a transaction not involving a public offering, and that under the Securities Act and the rules and regulations promulgated thereunder the Shares may be resold without registration under the Securities Act only in certain limited circumstances. Purchasers each understand and hereby acknowledge that the Shares must be held indefinitely unless subsequently registered under the Securities Act or an exemption from such registration is otherwise available. Purchasers are aware of the provisions of Rule 144 promulgated under the Securities Act, which permit limited resales of shares purchased in a transaction not involving a public offering, subject to the satisfaction of certain conditions.

Restricted Securities; Rule 144. Purchasers each understand Seller understands that the Shares are characterized as “restricted securities” under the Securities Act because such Shares United States federal securities laws inasmuch as they are being acquired from the Corporation Purchaser in a transaction not involving a public offering, offering and that under the Securities Act such laws and the rules and applicable regulations promulgated thereunder the Shares may be resold without registration under the Securities Act only in certain limited circumstances. Purchasers each understand and hereby acknowledge Seller acknowledges that the Shares must be held indefinitely unless subsequently registered under the Securities Act or an exemption from such registration is otherwise available. Purchasers are Seller is aware of the provisions of Rule 144 promulgated under the Securities Act, Act which permit limited resales resale of shares purchased in a transaction not involving a public offering, private placement subject to the satisfaction of certain conditions.

Restricted Securities; Rule 144. Purchasers each understand The Purchaser understands that the Shares are characterized as “restricted securities” under the Securities Act because such Shares shares are being acquired from the Corporation Company in a transaction not involving a public offering, and that under the Securities Act and the rules and regulations promulgated thereunder the Shares may be resold without registration under the Securities Act only in certain limited circumstances. Purchasers each understand The Purchaser understands and hereby acknowledge acknowledges that the Shares must be held indefinitely unless subsequently registered under the Securities Act or an exemption from such registration is otherwise available. Purchasers are The Purchaser is aware of the provisions of Rule 144 promulgated under the Securities Act, which permit limited resales of shares purchased in a transaction not involving a public offering, subject to the satisfaction of certain conditions.

Restricted Securities; Rule 144. Purchasers each understand The Purchaser understands that the Shares Securities are characterized as “restricted securities” under the Securities Act because such Shares federal securities laws inasmuch as they are being acquired from the Corporation in a transaction not involving a public offering, offering and that under such laws and applicable regulations the Securities Act and the rules and regulations promulgated thereunder the Shares may be resold without registration under the Securities Act only in certain limited circumstances. Purchasers each understand and hereby acknowledge The Purchaser acknowledges that the Shares Securities must be held indefinitely unless subsequently registered under the Securities Act or an exemption from such registration is otherwise available. Purchasers are The Purchaser is aware of the provisions of Rule 144 promulgated under the Securities Act, Act which permit limited resales resale of shares purchased in a transaction not involving a public offering, private placement subject to the satisfaction of certain conditions.