Common use of Restrictions on Sales Clause in Contracts

Restrictions on Sales. Grantee may not sell or otherwise dispose of shares of Common Stock received upon exercise of this Option unless Grantee first satisfies himself/herself (i) that the Common Stock has been duly registered under the Securities Act of 1933 or that under such Act no prospectus and no compliance with Regulation A of the Securities and Exchange Commission are required for such sale or disposition and that no state license or permit is necessary for such sale or disposition, and (ii) that such a state license or permit, if required, has been duly issued.

Restrictions on Sales. Grantee may not sell or otherwise dispose of shares of Common Stock received upon exercise of this Option unless Grantee first satisfies himself/herself (i) that the shares of Common Stock has to be issued have been duly registered under the Securities Act of 1933 and any applicable state securities laws, or that under such Act no prospectus and no compliance with Regulation A the Grantee provides to the Company an opinion of counsel acceptable to the Securities and Exchange Commission are required for such sale or disposition and Company that no state license or permit such registration is necessary for such sale or disposition, and (ii) that such a state license or permit, if required, has been duly issued.

Restrictions on Sales. Grantee may not sell or otherwise dispose of shares of Common Stock received upon exercise of this Option unless Grantee first satisfies himself/herself (i) that the shares of Common Stock has to be issued have been duly registered under the Securities Act of 1933 1933, as amended (the “Act”), and any applicable state securities laws, or that under such Act no prospectus and no compliance with Regulation A the Grantee provides to the Company an opinion of counsel acceptable to the Securities and Exchange Commission are required for such sale or disposition and Company that no state license or permit such registration is necessary for such sale or disposition, and (ii) that such a state license or permit, if required, has been duly issued.

Restrictions on Sales. Grantee may not sell or otherwise dispose of shares of Common Stock received upon exercise of this Option unless Grantee first satisfies himself/herself (i) that the shares of Common Stock has to be issued have been duly registered under the Securities Act of 1933 1933, as amended, and any applicable state securities laws, or that under such Act no prospectus and no compliance with Regulation A the Grantee provides to the Company an opinion of counsel acceptable to the Securities and Exchange Commission are required for such sale or disposition and Company that no state license or permit such registration is necessary for such sale or disposition, and (ii) that such a state license or permit, if required, has been duly issued.