Consideration for Technology. In consideration for the sale, assignment and transfer to the Company of all of the Inventor’s right, title and interest in and to the Technology, on the Closing Date, the Company agrees to release, or cause to be released, to the Inventor, the Released Shares, subject only to such reoffer, resale and transfer restrictions, and endorsed only with such restrictive legends, as shall be reasonably necessary to comply with applicable securities laws.
Appears in 2 contracts
Sources: Technology Transfer Agreement (Poly Shield Technologies Inc.), Loan Agreement (Poly Shield Technologies Inc.)