Common use of Non-Distribution Clause in Contracts

Non-Distribution. The Consultant represents and warrants to ABTG that the Option and the Consideration Shares are being acquired by the Consultant for its own account for investment, not as a nominee or agent, and without a view to resale or other distribution within the meaning of the 1933 Act and the rules and regulations thereunder, and the Consultant will not distribute them in violation of the 1933 Act.

Appears in 2 contracts

Sources: Consulting Agreement (Ambient Corp /Ny), Consulting Agreement (Ambient Corp /Ny)