REPRESENTATIONS BY OPTIONEE. As a condition to the exercise of this option, the Company may require the Optionee to represent and warrant at the time of any such exercise that the shares are being purchased only for investment and without any present intention to sell or distribute such shares, if, in the option of counsel for the Company, such representation is required by any relevant provision of the laws referred to in Section 6(a). At the option of the Company, a stop transfer order against any shares may be placed on the official stock books and records of the Company, and two legends may be stamped on the stock certificate, one of which indicating that the shares may not be pledged, sold or otherwise transferred unless an opinion of counsel is provided (concurred in by counsel for the Company) stating that such transfer is not in violation of any applicable law or regulation, and the second of which indicating that the shares may not be pledged, sold, or otherwise transferred except in compliance with, if applicable, the Company's Shareholders' Agreement. The Board of Directors may also require such other action or agreement by the optionees as may from time to time be necessary to comply with the federal and state securities laws.
REPRESENTATIONS BY OPTIONEE. As a condition to the exercise of the Option, the Company may require the Optionee to represent and warrant at the time of any such exercise that the shares are being purchased only for investment and without any present intention to sell or distribute such shares, if, in the opinion of counsel for the Company, such representation is required by any relevant provisions of the laws referred to in Section 5(a). At the option of the Company, a stop transfer order against any shares may be placed on the official stock books and records of the Company, and two legends may be stamped on the stock certificate, one of which indicating that the shares may not be pledged, sold or otherwise transferred unless an opinion of counsel is provided (concurred in by counsel for the Company) stating that such transfer is not in violation of any applicable law or regulation. The Board of Directors may also require such other action or agreement by the Optionee as may from time to time be necessary to comply with the federal and state securities laws. NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, NEITHER THIS PROVISION NOR ANY OTHER PROVISION SHALL OBLIGATE THE COMPANY TO UNDERTAKE REGISTRATION OF OPTIONS OR STOCK HEREUNDER.
REPRESENTATIONS BY OPTIONEE. As a condition to exercise of any Option, the Optionee hereby represents, warrants and agrees that he will not make any sale, transfer or other disposition of said Stock except in compliance with the Securities Act of 1933, as amended.
REPRESENTATIONS BY OPTIONEE. As a condition to the exercise of an option, the Company may require the optionee to represent and warrant at the time of any such exercise that the shares are being purchased only for investment and without any present intention to sell or distribute such shares, if, in the opinion of counsel for the Company, such representation is required by any relevant provision of the laws referred to in Section 11.1. At the option of the Company, a stop transfer order against any shares of stock so issued may be placed on the official stock books and records of the Company, and a legend indicating that the stock may not be pledged, sold or otherwise transferred unless an opinion of counsel is provided (concurred in by counsel for the Company) stating that such transfer is not in violation of any applicable law or regulation, may be stamped on the stock certificate in order to assure exemption from registration. The Board of Directors may also require such other action or agreement by Optionees as may from time to time be necessary to comply with federal and state securities laws. The Company shall not be obligated to register options granted hereunder or the stock that may be purchased upon exercise of such options.
REPRESENTATIONS BY OPTIONEE a. OPTIONEE represents to Optionor that all work performed by OPTIONEE and its employees, contractors and agents with respect to the Gold Dust Claims during the term of this Agreement shall be done in accordance with good mining practice. OPTIONEE shall comply with all applicable laws and regulations, including environmental laws; provided, however, that OPTIONEE may contest in good faith any such laws and regulations or any claims that OPTIONEE has not complied with such laws and regulations. Subject to the provisions of this Agreement, OPTIONEE assumes responsibility for the work done by it on the Gold Dust Claims and specifically shall indemnify, defend and hold harmless Optionor for and on account of claims, demands or liabilities arising out of or in connection with Operations hereunder. OPTIONEE represents that it shall pay for all labor performed upon or material furnished to the Gold Dust Claims at the request of OPTIONEE, its employees, contractors and agents and shall keep the Gold Dust Claims free and clear from any and all liens of mechanics or materialmen in connection with services performed and material supplied at OPTIONEE's request.
REPRESENTATIONS BY OPTIONEE. As a condition to the exercise of any of this Option, the Optionee shall represent, warrant and agree with the Company as follows:
REPRESENTATIONS BY OPTIONEE. As a condition to the exercise of this Option, the Company may require Optionee to make certain representations and warranties necessary to comply with federal and state securities laws.
REPRESENTATIONS BY OPTIONEE. As a condition precedent to the exercise of any Option, the Company may require the Optionee to represent and warrant, at the time of exercise, that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such representations and warranties are required by any applicable law.
REPRESENTATIONS BY OPTIONEE. By accepting this Option Grant, Optionee represents and warrants the following to the Company:
REPRESENTATIONS BY OPTIONEE. As a condition to the exercise of this --------------------------- Option, Asymetrix may require the Optionee to represent and warrant at the time of any such exercise that the shares are being purchased only for investment and without any present intention to sell or distribute such shares, if, in the opinion of counsel for Asymetrix, such representation is required by any relevant provision of the laws referred to in Section 4(a). At the option of Asymetrix, a stop transfer order against any shares may be placed on the official stock books and records of Asymetrix, and a legend indicating that the shares may not be pledged, sold or otherwise transferred unless an opinion of counsel is provided (concurred in by counsel for Asymetrix) stating that such transfer is not in violation of any applicable law or regulation, may be stamped on the stock certificate in order to assure exemption from registration. The Board of Directors may also require such other action or agreement by the Optionee as may from time to time be necessary to comply with the federal and state securities laws.
