Stockholder Approval of Nojata Sample Clauses

Stockholder Approval of Nojata. Nojata acknowledges and represents that the execution of this Agreement by Xxxx X. Xxxxx and Xxxx X. Xxxxx as the sole shareholders of Nojata, shall constitute all necessary shareholder approval of the transaction contemplated hereby as is necessary under Nevada law. Xxxx X. Xxxxx and Xxxx X. Xxxxx further acknowledge and represent that the shares of High-Tech they or their assigns may acquire as a result of the Exchange contemplated herein are being acquired for investment purposes only and not with a view toward their redistribution or re-offering. All stock certificates representing shares of High-Tech issued to the shareholders of Nojata shall be endorsed with the following restricting legend: "The shares represented by this certificate have not been registered under the Securities Act of 1933. The shares have been acquired for investment and may not be offered, sold, or otherwise transferred in the absence of an effective registration statement for the shares under the Securities Act of 1933, or a prior opinion of counsel satisfactory to the issuer, that registration is not required under the Act."
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