Common use of Securities and Other Laws Clause in Contracts

Securities and Other Laws. The Company may require as a pre-condition to the delivery of the Restricted Shares to Xx. Xxxxxxx that the Restricted Shares shall have been duly listed, upon official notice of issuance, upon any national securities exchange or automated quotation system on which the Company's common stock may then be listed or quoted; and that either (i) a registration statement under the Securities Act of 1933 (the "Act") relating to the Restricted Shares is in effect; or (ii) in the opinion of counsel to the Company, the issuance of the Restricted Shares is exempt from registration under the Act, in which event Xx. Xxxxxxx shall have made such undertakings and agreements with the Company as the Company may reasonably require; and that such other steps, if any, as counsel to the Company considers necessary to comply with any law applicable to the Restricted Shares shall have been taken by Xx. Xxxxxxx, by the Company, or both. The certificate representing the Restricted Shares may contain such legends as counsel for the Company considers necessary to comply with applicable laws.

Securities and Other Laws. The Company may require as a pre-condition to the delivery of the Restricted Shares to Xx. Xxxxxxx Xxxxxx that the Restricted Shares shall have been duly listed, upon official notice of issuance, upon any national securities exchange or automated quotation system on which the Company's common stock may then be listed or quoted; and that either (i) a registration statement under the Securities Act of 1933 (the "Act") relating to the Restricted Shares is in effect; or (ii) in the opinion of counsel to the Company, the issuance of the Restricted Shares is exempt from registration under the Act, in which event Xx. Xxxxxxx Xxxxxx shall have made such undertakings and agreements with the Company as the Company may reasonably require; and that such other steps, if any, as counsel to the Company considers necessary to comply with any law applicable to the Restricted Shares shall have been taken by Xx. XxxxxxxXxxxxx, by the Company, or both. The certificate representing the Restricted Shares may contain such legends as counsel for the Company considers necessary to comply with applicable laws.