Consideration Shares definition
Examples of Consideration Shares in a sentence
The Contributor shall, upon request by the Company, provide any additional certificates or representations required to establish an exemption from applicable securities legislation prior to the issue or transfer of any Consideration Shares.
The Contributor has been advised by the Company that the Contributor will not be able to dispose of the Consideration Shares, or any interest therein, without first complying with the relevant provisions of the Securities Act and any applicable state securities laws.
Further, the Contributor understands and agrees and has the financial capability of assuming the economic risk of an investment in the Consideration Shares for an indefinite period of time.
The Contributor has sufficient knowledge and experience in financial matters so as to be capable of evaluating the merits and risks of the Consideration Shares.
The Contributor understands and agrees that the Consideration Shares may not be sold, transferred or otherwise disposed of without registration under the Securities Act or the availability of an exemption therefrom, and that in the absence of an effective registration statement covering the Consideration Shares or an available exemption from registration under the Securities Act, the Consideration Shares must be held indefinitely.