Common use of California Corporate Securities Law Clause in Contracts

California Corporate Securities Law. The sale of the shares that are the subject of this Agreement has not been qualified with the Commissioner of Corporations of the State of California and the issuance of such shares or the payment or receipt of any part of the consideration therefor prior to such qualification is unlawful, unless the sale of such shares is exempt from such qualification by Section 25100, 25102 or 25105 of the California Corporate Securities Law of l968, as amended. The rights of all parties to this Agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.

California Corporate Securities Law. The sale of the shares that are the subject of this Option Agreement has not been qualified with the Commissioner of Corporations of the State of California and the issuance of such shares or the payment or receipt of any part of the consideration therefor prior to such qualification is unlawful, unless the sale of such shares is exempt from such qualification by Section 25100, 25102 or 25105 of the California Corporate Securities Law of l968, as amended. The rights of all parties to this Option Agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.

California Corporate Securities Law. The sale of the shares that are the subject of this Agreement has not been qualified with the Commissioner of Corporations of the State of California and the issuance of such shares or the payment or receipt of any part of the consideration therefor prior to such qualification is unlawful, unless the sale of such shares is exempt from such qualification by Section 25100, 25102 or 25105 of the California Corporate Securities Law of l9681968, as amended. The rights of all parties to this Agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.

California Corporate Securities Law. The the sale of the shares that securities which are the subject of this Agreement agreement has not been qualified with the Commissioner commissioner of Corporations corporations of the State state of California california and the issuance of such shares the securities or the payment or receipt of any part of the consideration therefor prior to such the qualification is unlawful, unless the sale of such shares securities is exempt from such qualification by Section section 25100, 25102 or 25105 of the California Corporate Securities Law of l968, as amendedcalifornia corporations code. The the rights of all parties to this Agreement agreement are expressly conditioned upon such the qualification being obtained, unless the sale is so exempt.

California Corporate Securities Law. The sale of the shares that are ----------------------------------- the subject of this Agreement has not been qualified with the Commissioner of Corporations of the State of California and the issuance of such shares or the payment or receipt of any part of the consideration therefor prior to such qualification is unlawful, unless the sale of such shares is exempt from such qualification by Section Sections 25100, 25102 or 25105 of the California Corporate Securities Law of l9681968, as amended. The rights of all parties to this Agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.

California Corporate Securities Law. The the sale of the shares that securities which are the subject of this Agreement agreement has not been qualified with the Commissioner commissioner of Corporations corporations of the State state of California california and the issuance of such shares the securities or the payment or receipt of any part of the consideration therefor prior to such the qualification is unlawful, unless the sale of such shares securities is exempt from such qualification by Section section 25100, 25102 or 25105 of the California Corporate Securities Law of l968, as amendedcalifornia corporations code. The the rights of all parties to this Agreement agreement are expressly conditioned upon such the qualification being obtained, unless the sale is so exempt.. [Signature Page Follows]

California Corporate Securities Law. The offer and sale of the shares that are Shares which arc the subject of this Agreement has have not been qualified with the Commissioner of Corporations of the State of California and the issuance of such shares securities or the payment or receipt of any part of the consideration therefor prior to such qualification is unlawful, unless the sale of such shares securities is exempt from such the qualification by Section 25100, 25102 25102, or 25105 of the California Corporate Securities Law of l968, as amendedCorporations Code. The rights of all parties to this Agreement are expressly conditioned upon such qualification being obtained, unless the offer and sale of the Shares is so exempt.

California Corporate Securities Law. The sale of the shares that are the subject of this Option Agreement has not been qualified with the Commissioner of Corporations of the State of California and the issuance of such shares or the payment or receipt of any part of the consideration therefor prior to such qualification is unlawful, unless the sale of such shares is exempt from such qualification by Section 25100, 25102 or 25105 of the California Corporate Securities Law of l968, as amended. The rights of all parties to this Option Agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.]

California Corporate Securities Law. The sale of the shares that are ----------------------------------- the subject of this Warrant Agreement has not been qualified with the Commissioner of Corporations of the State of California and the issuance of such shares or the payment or receipt of any part of the consideration therefor prior to such qualification is unlawful, unless the sale of such shares is exempt from such qualification by Section 25100, 25102 or 25105 of the California Corporate Securities Law of l968, as amended. The rights of all parties to this Warrant Agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.

California Corporate Securities Law. The sale of the shares Shares that are the subject of this Agreement has not been qualified with the Commissioner of Corporations of the State of California and the issuance of such shares or the payment or receipt of any part of the consideration therefor prior to such qualification is unlawful, unless the sale of such shares is exempt from such qualification by Section 25100, 25102 or 25105 of the California Corporate Securities Law of l968, as amended. The rights of all parties to this Agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.

California Corporate Securities Law. The sale of the shares that are the subject of this Agreement has not been qualified with the Commissioner of Corporations of the State of California and the issuance of such shares or the payment or receipt of any part of the consideration therefor therefore prior to such qualification is unlawful, unless the sale of such shares is exempt from such qualification by Section 25100, 25102 or 25105 of the California Corporate Securities Law of l9681968, as amended. The rights of all parties to this Agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.

California Corporate Securities Law. The sale of the shares that securities which are the subject of this Agreement agreement has not been qualified with the Commissioner commissioner of Corporations corporations of the State state of California and the issuance of such shares securities or the payment or receipt of any part of the consideration therefor prior to such qualification is unlawful, unless the sale of such shares securities is exempt from such qualification by Section sections 25100, 25102 25102, or 25105 of the California Corporate Securities Law of l968, as amendedCorporations Code. The rights of all parties to this Agreement agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.

California Corporate Securities Law. The sale of the shares that are the subject of this Agreement Convertible Notes, Warrants and Series B Preferred Stock has not been qualified with the Commissioner commissioner of Corporations corporations of the State state of California and the issuance of such shares securities or the payment or receipt of any part of the consideration therefor for such securities prior to such qualification is unlawful, unless the sale of such shares securities is exempt from such qualification by Section section 25100, 25102 25101.1, 25102, 25102.1, 25105 or 25105 any other provision of the California Corporate Securities Law of l968, as amendedCorporations Code. The rights of all parties to this Agreement agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.

California Corporate Securities Law. The sale of the shares Shares that are the subject of this Agreement has not been qualified with the Commissioner of Corporations of the State of California and the issuance of such shares Shares or the payment or receipt of any part of the consideration therefor prior to such qualification is unlawful, unless the sale of such shares Shares is exempt from such qualification by Section 25100, 25102 or 25105 of the California Corporate Securities Law of l968, as amended. The rights of all parties to this Agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.