SECURITIES LAW RESTRICTIONS ON EXERCISE. The Options shall not be exercisable unless either the Common Stock subject to the Options has been registered under the Securities Act of 1933, as amended (the "Securities Act"), and qualified under applicable state "blue sky" laws in connection with the offer and sale thereof, or Questor and QSS determines that such registration and qualification is not required as a result of the availability of an exemption from registration under such laws. Subject to the Participant providing Questor and QSS with an investment representation reasonably satisfactory to Questor and QSS, Questor and QSS shall use their reasonable best efforts to satisfy any requirements for an available exemption from registration and qualification.
Appears in 4 contracts
Samples: Nonqualified Option Agreement (Questor Partners Fund L P), Nonqualified Option Agreement (Questor Partners Fund L P), Nonqualified Option Agreement (Questor Partners Fund L P)
