State Securities Law. The sale of the securities which are the subject of this agreement has not been qualified with the commissioner of corporations of the State of California and the issuance of the securities or the payment or receipt of any part of the consideration therefor prior to the qualification is unlawful, unless the sale of securities is exempt from the qualification by section 25100, 25102 or 25105 of the California Corporations Code. The rights of all parties to this agreement are expressly conditioned upon the qualification being obtained unless the sale is so exempt.
Appears in 6 contracts
Samples: Stock Purchase Agreement (Slaight Communications Inc.), Stock Purchase Agreement (Image Entertainment Inc), Stock Purchase Agreement (Ppol Inc)
