Common use of Restrictions on Sale of Shares Clause in Contracts

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's exercise of the Option in whole or part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 and 6 hereof shall, upon each exercise of the Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, that upon the Optionee's ’s exercise of the Option this Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares Shares issued to himthe Optionee, he the Optionee will acquire the shares Shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each such exercise thereof the Optionee will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or and federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 Sections 6 and 6 7 hereof shall, upon each exercise of the this Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's his exercise of the Option this Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares Shares issued to him, he will acquire the shares Shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee will he shall furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 and 6 hereof shall, upon each exercise of the this Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, that upon the Optionee's exercise of the Option this Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares Shares issued to himthe Optionee, he the Optionee will acquire the shares Shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each such exercise thereof the Optionee will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or and federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 and 6 hereof shallthis Agreement, upon each exercise of the this Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, that upon the Optionee's exercise of the Option this Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares Shares issued to himthe Optionee, he the Optionee will acquire the shares Shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each such exercise thereof the Optionee will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or and federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 Sections 6 and 6 7 hereof shall, upon each exercise of the this Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's exercise of the Option in whole or part, unless there is in effect at that time under the Securities Act of 1933 1933, as amended, a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 and 6 hereof shall, upon each exercise of the Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's exercise of the Option in whole or part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs Paragraph 5 and 6 hereof shall, upon each exercise of the Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance, PROVIDED HOWEVER, that the Company shall use its best efforts to cause the shares underlying the Option to be registered at the earliest practicable time.

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's his exercise of the Option this Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares Shares issued to him, he will acquire the shares Shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee will he shall furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 3 and 6 4 hereof shall, upon each exercise of the this Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's his exercise of the Option this Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares Shares issued to him, he will acquire the shares Shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee will he shall furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 and 6 hereof shall, upon each exercise of the this Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, that upon Optionee's her exercise of the Option this Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares Shares issued to himher, he she will acquire the shares Shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each such exercise thereof Optionee she will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or and federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs Sections 5 and 6 hereof shall, upon each exercise of the this Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, that upon Optionee's his exercise of the Option Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option option for the purpose of investment and not with a view to their resale or further distribution, and that upon each such exercise thereof Optionee he will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates certificate issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or and federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 and 6 hereof shall, upon each exercise of the Option option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, that upon Optionee's his exercise of the Option this Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 1933, as amended (the "Securities Act"), a registration statement relating to the shares Shares issued to him, he will acquire the shares Shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each such exercise thereof Optionee he will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or and federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 7 and 6 8 hereof shall, upon each exercise of the this Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's exercise of the Option in whole or part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 and 6 Paragraph 4 hereof shall, upon each exercise of the Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, that ------------------------------ upon Optionee's his exercise of the Option this Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares Shares issued to him, he will acquire the shares Shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each such exercise thereof Optionee he will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or and federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 6 and 6 7 hereof shall, upon each exercise of the this Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's his exercise of the Option in whole or part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee he will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 and 6 hereof shall, upon each exercise of the Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, that upon Optionee's his exercise of the Option Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each such exercise thereof Optionee he will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates certificate issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or and federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 and 6 hereof shall, upon each exercise of the Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's his exercise of the Option in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee he will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option option under the provisions of Paragraphs 5 and 6 hereof shall, upon each exercise of the Option option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's exercise of the Option in whole or part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 and Paragraph 6 hereof shall, upon each exercise of the Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.

Restrictions on Sale of Shares. Optionee represents and agrees that, that upon the Optionee's exercise of the Option this Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares Shares issued to himthe Optionee, he the Optionee will acquire the shares Shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each such exercise thereof the Optionee will furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or and federal securities law. Any person or persons entitled to exercise this Option under the provisions of Paragraphs 5 and 6 hereof shallthis Agreement, upon each exercise of the this Option under circumstances in which Optionee would be required to furnish such a written statement, will also furnish to the Company a written statement to the same effect, satisfactory to the Company in form and substance.