Common use of Securities Law Acknowledgment Clause in Contracts

Securities Law Acknowledgment. Awardee understands that the Stock Award is granted pursuant to the "Qualifying Person" exemption under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) ("SFA") and is not made with a view to the Shares being subsequently offered for sale to any other party. The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore. Awardee acknowledges that the Stock Award is subject to section 257 of the SFA and Awardee will not be able to make (1) any subsequent sale of the Shares in Singapore or (2) any offer of such subsequent sale of the Shares in Singapore, unless such sale or offer is made pursuant to the exemptions under Part XIII Division 1 Subdivision (4) (other than section 280) of the SFA.

Securities Law Acknowledgment. Awardee understands that the Stock Award is granted pursuant to the "“Qualifying Person" ” exemption under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) ("“SFA"”) and is not made with a view to the Shares being subsequently offered for sale to any other party. The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore. Awardee acknowledges that the Stock Award is subject to section 257 of the SFA and Awardee will not be able to make (1a) any subsequent sale of the Shares in Singapore or (2b) any offer of such subsequent sale of the Shares in Singapore, unless such sale or offer is made pursuant to the exemptions under Part XIII Division 1 Subdivision (4) (other than section 280) of the SFA.

Securities Law Acknowledgment. Awardee understands that the Stock Award is granted pursuant to the "“Qualifying Person" ” exemption under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) ("“SFA"”) and is not made with a view to the Shares being subsequently offered for sale to any other party. The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore. Awardee acknowledges that the Stock Award is subject to section 257 of the SFA and Awardee will not be able to make (1) any subsequent sale of the Shares in Singapore or (2) any offer of such subsequent sale of the Shares in Singapore, unless such sale or offer is made pursuant to the exemptions under Part XIII Division 1 Subdivision (4) (other than section 280) of the SFA.