Common use of Shares Not Registered Clause in Contracts

Shares Not Registered. Purchaser understands that the Shares are not registered under the Securities Act on the ground that the sale provided for in this Agreement and the issuance of Shares hereunder is exempt from registration under the Securities Act pursuant to Section 4(2) thereof, and that Company's reliance on such exemption is predicated on Purchaser's representations set forth herein.

Shares Not Registered. The Purchaser understands that the Shares are Securities have not been registered under the Securities Act, by reason of their issuance by the Company in a transaction exempt from the registration requirements of the Securities Act, and that the Securities must continue to be held by the Purchaser or an Affiliate of the Purchaser unless a subsequent disposition thereof is registered under the Securities Act on the ground that the sale provided for in this Agreement and the issuance of Shares hereunder or is exempt from registration under the Securities Act pursuant to Section 4(2) thereof, and that Company's reliance on such exemption is predicated on Purchaser's representations set forth hereinregistration.