STOCKHOLDERS' COVENANTS. The Stockholders hereby covenant and agree as follows: (a) The Stockholders hereby agree, while this Agreement is in effect, and except as contemplated hereby, not to sell, transfer, pledge, encumber, assign or otherwise dispose of, or enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, pledge, encumbrance, assignment or other disposition of (all of the foregoing, "Sell," "Sold" or "Sale," as the case may be), any of the Securities. (b) The Stockholders agree not to engage in any action or omit to take any action which would have the effect of preventing or disabling Stockholders from delivering its Securities to Optionees or otherwise performing its obligations under this Agreement. (c) Simultaneously with the execution hereof, the Stockholders shall enter into the Lockup Agreement attached hereto as Exhibit A. (d) The Stockholders are responsible for making any filings required to be made by him with all regulatory bodies arising from the transactions contemplated hereby.
Appears in 2 contracts
Samples: Stock Option Agreement (Sulphco Inc), Stock Option Agreement (Sulphco Inc)
STOCKHOLDERS' COVENANTS. The Stockholders hereby covenant and agree as follows:
(a) The Stockholders hereby agree, while this Agreement is in effect, and except as contemplated hereby, not to sell, transfer, pledge, encumber, assign or otherwise dispose of, or enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, pledge, encumbrance, assignment or other disposition of (all of the foregoing, "Sell," "Sold" or "Sale," as the case may be), any of the Securities.
(b) The Stockholders agree not to engage in any action or omit to take any action which would have the effect of preventing or disabling Stockholders from delivering its Securities to Optionees or otherwise performing its obligations under this Agreement.
(c) Simultaneously with the execution hereof, the Stockholders shall enter into the Lockup Agreement attached hereto as Exhibit A.
(d) The Stockholders are responsible for making any filings required to be made by him with all regulatory bodies arising from the transactions contemplated hereby.
Appears in 2 contracts
Samples: Stock Option Agreement (Sulphco Inc), Stock Option Agreement (Sulphco Inc)
STOCKHOLDERS' COVENANTS. The Stockholders hereby covenant and agree as follows:
(a) The Stockholders hereby agree, while this Agreement is in effect, and except as contemplated hereby, not to sell, transfer, pledge, encumber, assign or otherwise dispose of, or enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, pledge, encumbrance, assignment or other disposition of (all of the foregoing, "“Sell," "” “Sold" ” or "“Sale," ” as the case may be), any of the SecuritiesOption Shares.
(b) The Stockholders agree not to engage in any action or omit to take any action which would have the effect of preventing or disabling Stockholders from delivering its Securities the Option Shares to Optionees or otherwise performing its obligations under this Agreement.
(c) Simultaneously with the execution hereof, the Stockholders shall enter into the Lockup Agreement attached hereto as Exhibit A.
(d) The Stockholders are responsible for making any filings required to be made by him with all regulatory bodies arising from the transactions contemplated hereby.
Appears in 2 contracts
Samples: Stock Option Agreement (Gunnerman Rudolf W), Stock Option Agreement (Gunnerman Rudolf W)
STOCKHOLDERS' COVENANTS. The Stockholders hereby covenant and agree as follows:
(a) The Stockholders hereby agree, while this Agreement is in effect, and except as contemplated hereby, not to sell, transfer, pledge, encumber, assign or otherwise dispose of, or enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, pledge, encumbrance, assignment or other disposition of (all of the foregoing, "“Sell," "” “Sold" ” or "“Sale," ” as the case may be), any of the Securities.
(b) The Stockholders agree not to engage in any action or omit to take any action which would have the effect of preventing or disabling Stockholders from delivering its Securities to Optionees or otherwise performing its obligations under this Agreement.
(c) Simultaneously with the execution hereof, the Stockholders shall enter into the Lockup Agreement attached hereto as Exhibit A.
(d) The Stockholders are responsible for making any filings required to be made by him with all regulatory bodies arising from the transactions contemplated hereby.
Appears in 1 contract
STOCKHOLDERS' COVENANTS. The Stockholders hereby covenant and agree as follows:
(a) The Stockholders hereby agree, while this Agreement is in effect, and except as contemplated hereby, not to sell, transfer, pledge, encumber, assign or otherwise dispose of, or enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, pledge, encumbrance, assignment or other disposition of (all of the foregoing, "“Sell," "” “Sold" ” or "“Sale," ” as the case may be), any of the SecuritiesOption Shares.
(b) The Stockholders agree not to engage in any action or omit to take any action which would have the effect of preventing or disabling Stockholders from delivering its Securities the Option Shares to Optionees or otherwise performing its obligations under this Agreement.
(c) Simultaneously with the execution hereof, the Stockholders shall enter into the Lockup Agreement attached hereto as Exhibit A.
(d) The Stockholders are responsible for making any filings required to be made by him with all regulatory bodies arising from the transactions contemplated hereby.
(d) Simultaneously with the execution hereof, the Stockholders shall enter into and deliver the Lockup Agreement attached hereto as Exhibit B.
Appears in 1 contract
STOCKHOLDERS' COVENANTS. The Stockholders hereby covenant and agree as follows:
(a) The Stockholders hereby agree, while this Agreement is in effect, and except as contemplated hereby, not to sell, transfer, pledge, encumber, assign or otherwise dispose of, or enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, pledge, encumbrance, assignment or other disposition of (all of the foregoing, "Sell," "Sold" or "Sale," as the case may be), any of the SecuritiesOption Shares.
(b) The Stockholders agree not to engage in any action or omit to take any action which would have the effect of preventing or disabling Stockholders from delivering its Securities the Option Shares to Optionees or otherwise performing its obligations under this Agreement.
(c) Simultaneously with the execution hereof, the Stockholders shall enter into the Lockup Agreement attached hereto as Exhibit A.
(d) The Stockholders are responsible for making any filings required to be made by him with all regulatory bodies arising from the transactions contemplated hereby.
(d) Simultaneously with the execution hereof, the Stockholders shall enter into and deliver the Lockup Agreement attached hereto as Exhibit B.
Appears in 1 contract
Samples: Stock Option Agreement (Sulphco Inc)