Rule 144 Rights. The Company will provide any and all legal opinions required for the removal of the restrictive legend from any stock certificate(s) issued upon exercise of this Warrant under Rule 144, at the Company’s expense. The Company shall process any request for removal of the restrictive legend within ten business days. If the Company fails to process any legal request for removal of restrictive legends for more than ten business days after receipt of a written request to do so, the Company shall pay the Holder or stockholder, as applicable, a cash penalty of 1% per day of the Fair Market Value of the securities whose legends were requested to be removed.
Appears in 4 contracts
Samples: Subscription and Purchase Agreement, Subscription Agreement (Bollente Companies Inc.), Subscription Agreement (Bollente Companies Inc.)
Rule 144 Rights. The Company will provide any and all legal opinions required for the removal of the restrictive legend from this Warrant certificate and any stock certificate(s) issued upon exercise of this Warrant under Rule 144, at the Company’s expense. The Company shall process any request for removal of the restrictive legend within ten business days. If the Company fails to process any legal request for removal of restrictive legends for more than ten business days after receipt of a written request to do so, the Company shall pay the Holder or stockholder, as applicable, a cash penalty of 1% per day of the Fair Market Value value of the securities whose legends were requested to be removed.
Appears in 2 contracts
Samples: Warrant Agreement (Native American Energy Group, Inc.), Warrant Agreement (Native American Energy Group, Inc.)
Rule 144 Rights. The Company will has agreed to provide any and all legal opinions required for the removal of the restrictive legend from any stock certificate(s) issued upon exercise of this Warrant Share certificates under Rule 144, at the Company’s own expense. The Company shall process any request for removal of the restrictive legend within ten five business days. If the Company fails to process any legal request for removal of restrictive legends for more than ten five business days after receipt of a written request to do so, the Company shall pay the Holder or stockholder, as applicable, securityholder a cash penalty of 1% per day of the Fair Market Value value of the securities whose legends were requested to be removed.
Appears in 1 contract
Samples: Subscription Agreement (DigitalPost Interactive, Inc.)
