Common use of Condition to Exercise of Option Clause in Contracts

Condition to Exercise of Option. As a condition precedent to the exercise of the Option and issuance of Shares, the Company shall be satisfied that registration of such Shares is not required under the Securities Act of 1933 or any other applicable securities law including that all of the requirements to establish an exemption from any such registration requirements have been met. The Company shall not be required to register the Option or the Shares under the Securities Act of 1933 (the "Act") or any other securities law. 6.

Condition to Exercise of Option. As a condition precedent to the exercise of the Option Options and the issuance of Shares, the Company shall be satisfied that registration of such the Shares is not required have been registered under the Securities Act of 1933 or any other applicable securities law or that registration of such Shares is not required, including that all of the requirements to establish an exemption from any such registration requirements have been met. The Company shall not be required to register the Option Options or the Shares under the Securities Act of 1933 (the "Act") or any other securities law. 6.