Common use of Unregistered Stock Clause in Contracts

Unregistered Stock. If a registration statement for the Shares is not in effect or if Grantee’s attorneys require a writing from Grantee to avoid violation of the Securities Act of 1933, as amended, the Company may require a written commitment form the person exercising the Option before delivery of the certificate or certificates for the Shares. The Commitment shall be in a form prescribed by the Company. It will state that it is the intent of the person exercising the Option to acquire the Shares for investment only and not the intent of transferring or reselling them; that the person exercising the Option has been told that the Shares may be “restricted shares” pursuant to Rule 144 of the Securities and Exchange Commission and that any resale, transfer, or other distribution of the Shares may only be made on conformity with Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule or regulation. The Company may place a legend on the face of the certificate or certificates in accordance with this Commitment and may refuse to permit transfer of the Shares unless it receives satisfactory evidence that the transfer will not violate Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule, or regulation. Signed at Maple Ridge, BC on the 15 day of November, 2004

Appears in 4 contracts

Samples: Stock Option Agreement (New World Batteries, Inc.), Stock Option Agreement (New World Batteries, Inc.), Stock Option Agreement (New World Batteries, Inc.)

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Unregistered Stock. If a registration statement for the Shares is not in effect or if Grantee’s Holder's attorneys require a writing from Grantee Holder to avoid violation of the Securities Act of 1933, as amended, the Company Corporation may require a written commitment form from the person exercising the Option Warrant before delivery of the certificate or certificates for the Shares. The Commitment shall will be in a form prescribed by the CompanyCorporation. It will state that it is the intent of the person exercising the Option Warrant to acquire the Shares for investment only and not with the intent of transferring or reselling them; that the person exercising the Option Warrant has been told that the Shares may be "restricted shares" pursuant to Rule 144 of the Securities and Exchange Commission and that any resale, transfer, or other distribution of the Shares may only be made on in conformity with Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule rule, or regulation. The Company Corporation may place a legend on the face of the certificate or certificates in accordance with this Commitment and may refuse to permit transfer of the Shares unless it receives satisfactory evidence that the transfer will not violate Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule, or regulation. Signed at Maple Ridge, BC on the 15 day of November, 2004.

Appears in 3 contracts

Samples: MIPSolutions, Inc., MIPSolutions, Inc., Senior Optician Service Inc

Unregistered Stock. If a registration statement for the Shares is not in effect or if Grantee’s 's attorneys require a writing from Grantee to avoid violation of the Securities Act of 1933, as amended, the Company may require a written commitment form the person exercising the Option before delivery of the certificate or certificates for the Shares. The Commitment shall be in a form prescribed by the Company. It will state that it is the intent of the person exercising the Option to acquire the Shares for investment only and not the intent of transferring or reselling them; that the person exercising the Option has been told that the Shares may be "restricted shares" pursuant to Rule 144 of the Securities and Exchange Commission and that any resale, transfer, or other distribution of the Shares may only be made on conformity with Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule or regulation. The Company may place a legend on the face of the certificate or certificates in accordance with this Commitment and may refuse to permit transfer of the Shares unless it receives satisfactory evidence that the transfer will not violate Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule, or regulation. Signed at Maple RidgeGrantee Flexible Solutions International Inc. ---------------------- -------------------------- Xxx X'Xxxxx, BC on the 15 day of November, 2004CEO

Appears in 2 contracts

Samples: Stock Option Agreement (Flexible Solutions International Inc), Stock Option Agreement (Flexible Solutions International Inc)

Unregistered Stock. If a registration statement for the Shares is not in effect or if Grantee’s attorneys require a writing from Grantee to avoid violation of the Securities Act of 1933, as amended, the Company may require a written commitment form the person exercising the Option warrant before delivery of the certificate or certificates for the Shares. The Commitment shall be in a form prescribed by the Company. It will state that it is the intent of the person exercising the Option warrant to acquire the Shares for investment only and not the intent of transferring or reselling them; that the person exercising the Option warrant has been told that the Shares may be “restricted shares” pursuant to Rule 144 of the Securities and Exchange Commission and that any resale, transfer, or other distribution of the Shares may only be made on conformity with Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule or regulation. The Company may place a legend on the face of the certificate or certificates in accordance with this Commitment and may refuse to permit transfer of the Shares unless it receives satisfactory evidence that the transfer will not violate Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule, or regulation. Signed at Maple RidgeFlexible Solutions International Inc. ________________________________ Xxx X’Xxxxx, BC on the 15 day of November, 2004CEO

Appears in 1 contract

Samples: Letter Agreement (Flexible Solutions International Inc)

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Unregistered Stock. If a registration statement for the Shares is not in effect or if Grantee’s 's attorneys require a writing from Grantee to avoid violation of the Securities Act of 1933, as amended, the Company may require a written commitment form the person exercising the Option before delivery of the certificate or certificates for the Shares. The Commitment shall be in a form prescribed by the Company. It will state that it is the intent of the person exercising the Option to acquire the Shares for investment only and not the intent of transferring or reselling them; that the person exercising the Option has been told that the Shares may be "restricted shares" pursuant to Rule 144 of the Securities and Exchange Commission and that any resale, transfer, or other distribution of the Shares may only be made on conformity with Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule or regulation. The Company may place a legend on the face of the certificate or certificates in accordance with this Commitment and may refuse to permit transfer of the Shares unless it receives satisfactory evidence that the transfer will not violate Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule, or regulation. Signed at Maple Ridge, BC on the 15 day of November, 2004Grantee Flexible Solutions International Inc.

Appears in 1 contract

Samples: Stock Option Agreement (Flexible Solutions International Inc)

Unregistered Stock. If a registration statement for the Shares is not in effect or if Grantee’s attorneys require a writing from Grantee to avoid violation of the Securities Act of 1933, as amended, the Company may require a written commitment form the person exercising the Option before delivery of the certificate or certificates for the Shares. The Commitment shall be in a form prescribed by the Company. It will state that it is the intent of the person exercising the Option to acquire the Shares for investment only and not the intent of transferring or reselling them; that the person exercising the Option has been told that the Shares may be “restricted shares” pursuant to Rule 144 of the Securities and Exchange Commission and that any resale, transfer, or other distribution of the Shares may only be made on conformity with Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule or regulation. The Company may place a legend on the face of the certificate or certificates in accordance with this Commitment and may refuse to permit transfer of the Shares unless it receives satisfactory evidence that the transfer will not violate Rule 144, the Securities Act of 1933, as amended, or any other federal statute, rule, or regulation. Signed at Maple RidgeGrantee ______________________ Flexible Solutions International Inc. __________________________ Dxx X’Xxxxx, BC on the 15 day of November, 2004CEO

Appears in 1 contract

Samples: Stock Option Agreement (Flexible Solutions International Inc)

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