STOCK ACQUIRED FOR INVESTMENT. LIMITATIONS ON DISPOSITION. Consultant represents that he is acquiring the Common Stock for his own account and for investment and not with a view to, or for sale in connection with, any distribution thereof in violation of the Securities Act of 1933, as amended. Consultant agrees that the Common Stock will not be offered for sale, sold or otherwise transferred for value, and that no transfer thereof will be made by the Consultant unless (i) a registration statement with respect thereto has become effective under the Securities Act of 1933, as amended, or (ii) there is presented to the Company an opinion of counsel for Consultant reasonably satisfactory to the Company that such registration is not required, or (iii) there is presented to the Company a letter from the Securities and Exchange Commission (said Commission having been informed of all relevant circumstances) to the effect that in the event either the Common Stock is transferred by Consultant without such registration, the Commission or its staff will not recommend any action. Consultant further agrees that the Common Stock will not be offered for sale, sold or otherwise transferred unless, in the opinion of legal counsel for the Company, such sale or disposition does not and will not violate any provisions of any federal or state securities law or regulation. Consultant consents that any transfer agent of the Company may be instructed not to transfer any of the Common Stock unless it receives satisfactory evidence of compliance with the foregoing provisions and that there may be endorsed upon any certificate (or instruments issued in substitution thereof) the Company's regular legend regarding the sale of restricted securities.
STOCK ACQUIRED FOR INVESTMENT. Indiginet (i) intends to acquire the FTI Stock solely for the purpose of investment and not for the resale and distribution thereof and has no present intention to offer, sell, pledge, hypothecate, assign or otherwise dispose of the same, (ii) understands and acknowledges that the sale of the FTI Stock will not be registered under the Securities Act, and such shares may be required to be held indefinitely unless the share are subsequently registered under the Securities Act or an exemption from such registration is available, and (iii) agrees that it will not offer, sell, pledge, hypothecate, transfer, assign or otherwise dispose of any such shares unless such shares and such offer, pledge, hypothecation, transfer, assignment or other disposition shall be registered or exempt from registration under the Securities Act and shall comply with all applicable federal and state securities laws.
STOCK ACQUIRED FOR INVESTMENT. Common Stock acquired by an Optionee under this Plan by exercise of any Option shall be acquired by the Optionee for investment and without intention of resale, unless, in the opinion of counsel of the Company, such common stock may be purchased without any investment representation. Where an investment representation is deemed necessary, the Committee may require a written representation to that effect by the Optionee as a condition of the Optionee exercising an Option under this Plan, and the Committee may place an appropriate legend on the common stock issued to the Optionee indicating that such common stock has not been registered under federal or state securities laws. Each Option shall be subject to the requirement that if, at any time, the Committee shall determine in its discretion that the listing, registration or qualification of the shares subject to such Option upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition of, or in connection with, the granting of such Option or the issuance or purchase of shares thereunder, then such Option shall not be granted or exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Committee. Nothing contained herein shall require the Company to register the Options or the shares of voting common stock purchased upon the exercise of said Options.
STOCK ACQUIRED FOR INVESTMENT. Purchaser represents, covenants and warrants that it is acquiring the Stock for its own account for the purpose of investment and not with a view to or for sale in connection with any distribution thereof. Purchaser further represents and warrants that it is an "accredited investor" within the meaning of Regulation D under the Securities Act. Purchaser will not offer to sell or otherwise transfer any of the Stock in violation of any federal or state securities law. Purchaser acknowledges that the sale of the Stock to it has not been registered pursuant to any federal or state securities laws and that a legend to that effect may be placed on all certificates representing such Stock unless and until a registration statement under the Securities Act has become effective with respect to such Stock.
STOCK ACQUIRED FOR INVESTMENT. ICN (i) intends to acquire the CSI Stock solely for the purpose of investment and not for the resale and distribution thereof and has no present intention to offer, sell, pledge, hypothecate, assign or otherwise dispose of the same, (ii) understands and acknowledges that the sale of the CSI stock will not be registered under the Securities Act, and such shares may be required to be held indefinitely unless the share are subsequently registered under the Securities Act or an exemption from such registration is available, and (iii) agrees that it will not offer, sell, pledge, hypothecate, transfer, assign or otherwise dispose of any such shares unless such shares and such offer, pledge, hypothecation, transfer, assignment or other disposition shall be registered or exempt from registration under the Securities Act and shall comply with all applicable federal and state securities laws.
STOCK ACQUIRED FOR INVESTMENT. Convergent (i) intends to acquire the SONeTech Stock solely for the purpose of investment and not for the resale and distribution thereof and has no present intention to offer, sell, pledge, hypothecate, assign or otherwise dispose of the same, (ii) understands and acknowledges that the sale of the SONeTech stock will not be registered under the Securities Act, and such shares may be required to be held indefinitely unless the share are subsequently registered under the Securities Act or an exemption from such registration is available, and (iii) agrees that it will not offer, sell, pledge, hypothecate, transfer, assign or otherwise dispose of any such shares unless such shares and such offer, pledge, hypothecation, transfer, assignment or other disposition shall be registered or exempt from registration under the Securities Act and shall comply with all applicable federal and state securities laws.
