Restriction on Transfer of Options. The Holder of the Option Certificate, by its acceptance thereof, covenants and agrees that the Options are being acquired as an investment and not with a view to the distribution thereof.
Appears in 6 contracts
Samples: Stock Option Agreement (Teardrop Golf Co), Stock Option Agreement (Diplomat Ambassador Inc), Stock Option Agreement (Diplomat Ambassador Inc)
Restriction on Transfer of Options. The Holder of the a Option Certificate, by its his acceptance thereof, covenants and agrees that the Options are being acquired as an investment and not with a view to the distribution thereof, and that the Options may not be sold, transferred, assigned, hypothecated or otherwise disposed of, in whole or in part.
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