Common use of Restrictions on Resale of the Shares Clause in Contracts

Restrictions on Resale of the Shares. Buyer understands that the Shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state and, accordingly, the Shares may not be reoffered, resold or otherwise pledged, hypothecated or transferred except (x) pursuant to an effective registration statement under the Securities Act and applicable state securities law or (y) pursuant to an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.

Appears in 8 contracts

Samples: Stock Purchase Agreement (Anthony Barbara Cox), Stock Purchase Agreement (Chambers Anne Cox), Stock Purchase Agreement (Chambers Anne Cox)

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