Common use of Rule 701 Clause in Contracts

Rule 701. To the extent permitted by applicable law, the shares of Company Common Stock to be issued to each Management Shareholder upon exercise of the options granted to such Management Shareholder pursuant to Section 1.03(c) shall be offered and sold to such Management Shareholder pursuant to the exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") provided for by Rule 701 ("Rule 701") of the Securities Act.