Representations by Xxxxxxxxx. Unless the Shares subject to an Option are registered under the applicable federal and state securities laws, Xxxxxxxxx by accepting the Option shall be deemed to agree for himself and his legal representatives that any Option granted to him and any and all Shares of Common Stock purchased upon the exercise of Option shall be acquired for investment and not with a view to, or for the sale in connection with, any distribution thereof, and each notice of the exercise of any portion of an Option shall be accompanied by a representation in writing, signed by Xxxxxxxxx or his legal representative, as the case may be, that the Shares of Common Stock are being acquired in good faith for investment and not with a view to, or for the sale in connection with, any distribution thereof (except in case of Xxxxxxxxx'x legal representative for distribution, but not for sale, to his legal heirs, legatees and other testamentary beneficiaries). Any Shares issued pursuant to an exercise of an Option may bear a legend evidencing such representation and limitations. Xxxxxxxxx further represents and warrants as follows: (a) he is familiar with the business and financial condition of the Company and all reasonable requests for information with respect thereto made by Xxxxxxxxx to the Company have been fulfilled to the satisfaction of Xxxxxxxxx; (b) he has been advised that the proceeds realized by the Company from the sale of any Shares purchased pursuant hereto will be used for general corporate purposes; (c) he has been advised that the Board of Directors has the right at any time to issue additional Shares of stock and the issuance thereof would dilute the percentage of the outstanding stock of the Company represented by the Shares to be purchased; (d) in connection with the Options granted hereby and any Shares subscribed for hereunder, the Xxxxxxxxx has not received any public media advertisements and has not been solicited by an form of mass mailing solicitation; (e) the Xxxxxxxxx is able to bear the economic risk of his investment;(f) the Xxxxxxxxx understands that the share certificates issued to him upon the exercise of his Option will be appropriately legended to indicate the restrictions on transfer in accordance with this Section; and (g) Xxxxxxxxx further warrants that upon the grant of this Option: (i) the number of common shares then subject to all options to purchase held by Xxxxxxxxx, plus the common shares then owned by Xxxxxxxxx will not constitute more than t...
Representations by Xxxxxxxxx. Xxxxxxxxx hereby represents and warrants to the Company as follows:
Representations by Xxxxxxxxx. Xxxxxxxxx hereby makes the following representations and warranties to the County, each of which is true and correct as of the Agreement Date and, to the extent applicable on each Closing Date, will be true and correct in all material respects as of each Closing Date:
Representations by Xxxxxxxxx. Developer represents and warrants to City as follows:
Representations by Xxxxxxxxx
