Common use of SALE AND PURCHASE NOT REGISTERED Clause in Contracts

SALE AND PURCHASE NOT REGISTERED. Buyer is aware that she is acquiring the Shares from the Company in a transaction that has not been registered under the Securities Act or pursuant to the securities laws and regulations of any State, and that as a consequence, the Shares are "restricted securities" as defined in Rule 144 promulgated under the Securities Act ("Rule 144") and may be resold only to the extent permitted by Rule 144 or any subsequent registration of the securities via a registration statement per Paragraph 3 herein, or pursuant to a transaction that is registered under the Securities Act and applicable state securities laws and regulations, or pursuant to a transaction that is exempt from such registration.

Appears in 2 contracts

Samples: Stock Subscription Agreement (American Sports Development Group Inc), Stock Subscription Agreement (American Sports Development Group Inc)

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SALE AND PURCHASE NOT REGISTERED. Buyer is Buyers are aware that she is they are acquiring the Shares from the Company in a transaction that has not been registered under the Securities Act or pursuant to the securities laws and regulations of any State, and that as a consequence, the Shares are "restricted securities" as defined in Rule 144 promulgated under the Securities Act ("Rule 144") and may be resold only to the extent permitted by Rule 144 or any subsequent registration of the securities via a registration statement per Paragraph 3 herein, or pursuant to a transaction that is registered under the Securities Act and applicable state securities laws and regulations, or pursuant to a transaction that is exempt from such registration.

Appears in 1 contract

Samples: Stock Subscription Agreement (American Sports Development Group Inc)

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SALE AND PURCHASE NOT REGISTERED. Buyer is aware that she he is acquiring the Shares from the Company in a transaction that has not been registered under the Securities Act or pursuant to the securities laws and regulations of any State, and that as a consequence, the Shares are "restricted securities" as defined in Rule 144 promulgated under the Securities Act ("Rule 144") and may be resold only to the extent permitted by Rule 144 or any subsequent registration of the securities via a registration statement per Paragraph 3 herein, or pursuant to a transaction that is registered under the Securities Act and applicable state securities laws and regulations, or pursuant to a transaction that is exempt from such registration.

Appears in 1 contract

Samples: Stock Subscription Agreement (American Sports Development Group Inc)

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