No Distribution. Notwithstanding anything in this Agreement to the contrary, Optionee acknowledges that: (i) the Option, and the Shares upon exercise, is and are being acquired in a private transaction which is not part of a distribution of the Option or Shares; (ii) the Optionee intends to hold the Option and Shares for the account of the Optionee and does not intend to sell the Option or Shares as a part of a distribution or otherwise; and (iii) neither the Optionee nor the Company is an underwriter with regard to the Option or the Shares for purposes of Rule 144.
Appears in 26 contracts
Samples: Stock Option Agreement (Tribal Rides International Corp.), Stock Option Agreement (Xsunx Inc), Stock Option Agreement (Xsunx Inc)
No Distribution. Notwithstanding anything in this Agreement to the contrary, Optionee acknowledges that: (i) the Optionthese Options, and the Shares upon exercise, is and are being acquired in a private transaction which is not part of a distribution of the Option Options or Shares; (ii) the Optionee intends to hold the Option Options and Shares for the account of the Optionee and does not intend to sell the Option Options or Shares as a part of a distribution or otherwise; and (iii) neither the Optionee nor the Company is an underwriter with regard to the Option Options or the Shares for purposes of Rule 144.
Appears in 1 contract
