Unregistered Stock. Purchaser is aware that the Stock has not been registered under the Act, and that, accordingly, the Stock must be held unless it is subsequently registered under said Act or unless, in the opinion of counsel reasonably satisfactory to the Company, a sale or transfer may be made without registration thereunder. Purchaser agrees that any certificates evidencing the Stock must bear a standard legend restricting the transfer thereof consistent with the foregoing and that a notice may be made in the records of the Company or its transfer agent restricting the transfer of the Stock in a manner consistent with the foregoing.
Appears in 5 contracts
Samples: Common Stock Purchase Agreement (South Texas Drilling & Exploration Inc), Common Stock Purchase Agreement (South Texas Drilling & Exploration Inc), Common Stock Purchase Agreement (Wedge Energy Services LLC)
Unregistered Stock. Purchaser WEDGE is aware that the Debenture and the Stock has have not been registered under the Act, and that, accordingly, the Stock must be held unless it is subsequently registered under said Act or unless, in the opinion of counsel reasonably satisfactory to the Company, a sale or transfer may be made without registration thereunder. Purchaser WEDGE agrees that any certificates evidencing the Stock must bear a standard legend restricting the transfer thereof consistent with the foregoing and that a notice may be made in the records of the Company or its transfer agent restricting the transfer of the Stock in a manner consistent with the foregoing.
Appears in 2 contracts
Samples: Debenture Purchase Agreement (Pioneer Drilling Co), Debenture Purchase Agreement (South Texas Drilling & Exploration Inc)
