Common use of Representations Clause in Contracts

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 12 contracts

Sources: Non Statutory Stock Option Agreement (Baycorp Holdings LTD), Non Statutory Stock Option Agreement (Baycorp Holdings LTD), Non Statutory Stock Option Agreement (Baycorp Holdings LTD)

Representations. The Optionee represents, undersigned hereby additionally represents and warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired The undersigned is purchasing for the Optionee's his/her/its own account for investment only, and not with a view to, or for sale in connection with, on behalf of any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Actother person. (ii) The Optionee has had such opportunity as he undersigned will not sell or she has deemed adequate to obtain from representatives assign the Securities except in accordance with the provisions of the Company Securities Act of 1933, as amended, or pursuant to the registration Requirements under the Act, or pursuant to an available exemption under the Act such information as is necessary to permit the Optionee to evaluate the merits and risks Rule 144, which requires a prior holding period of his or her investment in the Companynot less than one year from date of purchase. (iii) The Optionee undersigned, in evaluating the merits and risks of this investment, has determined that this investment is suitable for the undersigned's participation, and the undersigned has received and reviewed all pertinent documents requested by the undersigned. (iv) Share certificates shall bear an appropriate restrictive legend that restricts the further sale or assignment of the Securities except in accordance with the foregoing provisions set forth above. (v) The undersigned is aware that there is no public market for the Company's Securities that the transfer of Securities is subject to certain restrictions according to law and that, as a consequence, it may not be possible for the undersigned to liquidate the Securities, which may have to be held indefinitely, which makes this offering an illiquid investment. (vi) The undersigned is able to bear the economic risk of holding the investment and has such shares acquired pursuant business or financial experience as to be capable of evaluating the exercise merits and risks of this option for an indefinite periodinvesting in the Company. (ivvii) The Optionee understands undersigned is aware that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) investment in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available involves certain material risks. (viii) The undersigned, in evaluating the merits and risks of an investment in the Securities, has been encouraged to seek the publicadvice of his or her own personal tax and legal counsel, and other terms has not relied upon any representations concerning this investment. (ix) The undersigned has had the opportunity to personally ask questions of and conditions of Rule 144 are complied with; receive answers from duly qualified agents and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock representatives of the Company and to verify the Company has no obligation or current intention to register any shares acquired pursuant to the exercise accuracy and completion of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of all material information about the Company, offerits business, sellofficers, contract to sell or otherwise dispose ofdirectors and founders, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after and the effective date of such registration statement. By making payment upon exercise of this option, terms and conditions under which the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12Securities are being acquired.

Appears in 9 contracts

Sources: Subscription Agreement (MyOtherCountryClub.com), Subscription Agreement (Tatra Resources Ltd.), Subscription Agreement (MyOtherCountryClub.com)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), ) or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers for the first time any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, publicly offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition")indirectly, any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 1213.

Appears in 7 contracts

Sources: Incentive Stock Option Agreement (Enterworks Inc), Incentive Stock Option Agreement (Baycorp Holdings LTD), Incentive Stock Option Agreement (Baycorp Holdings LTD)

Representations. The Optionee Employee represents and warrants to the Company that (a) the Employee has the legal right to enter into this Agreement and to perform all of the obligations on the Employee’s part to be performed hereunder in accordance with its terms, and (b) the Employee is not a party to any agreement or understanding, written or oral, and is not subject to any restriction, which, in either case, could prevent the Employee from entering into this Agreement or performing all of the Employee’s duties and obligations hereunder. In addition, the Employee acknowledges that the Employee is aware of Section 304 (Forfeiture of Certain Bonuses and Profits) of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and the right of the Company to be reimbursed for certain payments to the Employee in compliance therewith. In addition, the Employee hereby represents, warrants and covenants agrees with the Company that: : (i) Any shares purchased upon exercise a portion of the compensation payable to the Employee pursuant to this option shall be acquired Agreement constitutes good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, for the Optionee's account for investment only, covenants and not with a view to, or for sale agreements contained in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. Section 11 and Section 12; (ii) The Optionee has had such opportunity as he the covenants and agreements contained in Section 11 and Section 12 are reasonable, appropriate and suitable in their geographic scope, duration and content; the Employee shall not, directly or she has deemed adequate to obtain from representatives indirectly, raise any issue of the Company reasonableness, appropriateness and suitability of the geographic scope, duration or content of such information as is necessary covenants and agreements in any proceeding to permit enforce such covenants and agreements; and such covenants and agreements shall survive the Optionee to evaluate termination of the merits and risks of his or her investment in Employee’s employment for the Company. durations set forth therein; (iii) The Optionee is able the enforcement of any remedy under this Agreement will not prevent the Employee from earning a livelihood because the Employee’s past work history and abilities are such that the Employee reasonably can expect to bear the economic risk find work, if he so chooses, in other areas and lines of holding such shares acquired pursuant to the exercise of this option for an indefinite period. business; (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act covenants and agreements stated in Section 11 and Section 12 are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists essential for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied withEmployer’s reasonable protection; and (Dv) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to reasonably relied on these covenants and agreements by the exercise of this option under the Securities ActEmployee. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 7 contracts

Sources: Employment Agreement (Reunion Hospitality Trust, Inc.), Employment Agreement (Reunion Hospitality Trust, Inc.), Employment Agreement (Reunion Hospitality Trust, Inc.)

Representations. The Optionee represents, warrants and --------------- covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers for the first time any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, publicly offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition")indirectly, any shares purchased upon exercise of this option for a period of 90 180 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 1214.

Appears in 6 contracts

Sources: Non Statutory Stock Option Agreement (Switchboard Inc), Non Statutory Stock Option Agreement (Switchboard Inc), Non Statutory Stock Option Agreement (Switchboard Inc)

Representations. The Optionee represents(a) I have been advised that the Shares are not being registered under the Securities Act of 1933, warrants as amended (the “Act”), on the basis of an exemption from registration under the Act, and covenants that:on the representations made by me in this agreement. I understand that neither the Securities and Exchange Commission (“SEC”) nor any other federal or state agency has passed on or made any recommendation or endorsement of the Shares, and that the Company is relying on the truth and accuracy of the representations and warranties made by me in this agreement in connection with offering the Shares for sale to me without registration under the Act. (ib) Any shares purchased upon exercise I am a director or executive officer of this option shall be acquired for the Optionee's account Company. (c) I am acquiring the Shares for investment only, for my own account and not with a view toto their resale or distribution and I do not intend to divide my participation with others or to resell or otherwise dispose of all or any part of the Shares unless and until they are subsequently registered under the Act, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Actan exemption from such registration is available. (iid) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of I have the Company such information as is necessary to permit the Optionee ability to evaluate the merits and risks of his or her an investment in the CompanyCompany based upon my knowledge and experience in financial and business matters. (iiie) I understand that if Rule 144 under the Securities Act (“Rule 144”) is available with respect to resale of the Shares, any routine sale of the Shares made under Rule 144 can be made only in compliance with Rule 144 and this Agreement. If Rule 144 is not available, compliance with another exemption from registration under the Act will be required before I can transfer part or all of the Shares. I am familiar with the provisions of Rule 144, including Rule 144’s requirement that the Shares be held by me for at least one year before they can be sold by me. (f) I understand that before any transfer of any of the Shares can be made by me, written approval must first be obtained from the Company’s counsel. The Optionee is basis of any such approval will be satisfactory compliance with the requirements of the federal and state statutes regulating sales and transfers of securities. I understand that a legend to this effect will be placed on the Shares and that stop-transfer instructions will be issued by the Company to its transfer agent. (g) I am (i) able to bear the economic risk of holding such shares acquired pursuant this investment, (ii) able to hold the exercise Shares indefinitely, and (iii) presently able to afford a complete loss of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be soldinvestment. I have consulted my own attorney, transferred accountant or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission investment advisor with respect to any stock of my investment in the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities ActShares. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 6 contracts

Sources: Private Placement Agreement (Cec Entertainment Inc), Private Placement Agreement (Cec Entertainment Inc), Private Placement Agreement (Cec Entertainment Inc)

Representations. The Optionee representsIn connection with my exercise of the Option, warrants and covenants thatI hereby represent to the Company as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for I am acquiring the Optionee's account Shares solely for investment onlypurposes, and not with a view to, no present intention of distributing or for sale in connection with, reselling any distribution of the shares in violation of Shares or any interest therein. I acknowledge that the Shares have not been registered under the Securities Act of 1933 1933, as amended (the "Securities Act"), or any rule or regulation under the Securities Act. (iib) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives I am aware of the Company's business affairs and financial condition and have acquired sufficient information about the Company such information as is necessary to permit reach an informed and knowledgeable decision to acquire the Optionee to evaluate the merits and risks of his or her investment in the CompanyShares. (iiic) The Optionee is able to bear I understand that the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and Shares are "restricted securities" within under applicable U.S. federal and state securities laws and that, pursuant to these laws, I must hold the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of Shares indefinitely unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and qualified by state authorities, or unless an exemption from such registration and qualification requirements is available. I acknowledge that the Company has no obligation or current intention to register or qualify the Shares for resale. I further acknowledge that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of my control, and which the Company is under no obligation to and may not be able to satisfy. (d) I understand that there is no public market for the Shares, that no market may ever develop for them, and that the Shares have not been approved or disapproved by the Securities and Exchange Commission or any shares acquired pursuant other federal, state or other governmental agency. (e) I understand that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the Grant Agreement are incorporated herein by reference. (f) I understand that any Shares purchased hereunder shall be subject to the Stockholders' Agreement of the Company dated as of December 8, 2005, as it may be amended from time to time ("Stockholders' Agreement"), a copy of which has been provided to me, and that it is a condition to the exercise of this option under my Option that I execute the Securities Actattached signature page of the Stockholders' Agreement, agreeing to be bound thereby. I have had a full and fair opportunity to review the Stockholders' Agreement prior to exercising the Option. (vg) The Optionee agrees thatI understand that the certificate representing the Shares will be imprinted with the following legends: THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, if AS AMENDED, OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THE SECURITIES, REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT AND APPLICABLE STATE SECURITIES LAWS. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF FIRST REFUSAL AND A REPURCHASE RIGHT IN FAVOR OF THE COMPANY OR ITS ASSIGNEE AS SET FORTH IN THE COMPANY'S STOCK OPTION PLAN. SUCH RIGHT OF FIRST REFUSAL AND REPURCHASE RIGHT ARE BINDING ON TRANSFEREES OF THE SHARES REPRESENTED BY THIS CERTIFICATE. THIS CERTIFICATE AND THE SECURITIES REPRESENTED HEREBY ARE HELD SUBJECT TO THE TERMS, COVENANTS AND CONDITIONS OF A STOCKHOLDERS' AGREEMENT DATED AS OF DECEMBER 8, 2005, AS SUCH AGREEMENT MAY BE AMENDED, BY AND AMONG THE STOCKHOLDERS OF CPG FINANCE, INC., AND MAY NOT BE TRANSFERRED OR DISPOSED OF EXCEPT IN ACCORDANCE WITH THE TERMS AND PROVISIONS THEREOF. A COPY OF SAID AGREEMENT AND ALL AMENDMENTS THERETO IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY. (h) I have consulted my own tax advisors in connection with my exercise of this Option and I am not relying upon the Company offers for any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent tax advice. (i) I am presently an employee of the Company, offer, sell, contract or my employment has been terminated involuntarily or due to sell death or otherwise dispose of, directly or indirectly Disability (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after as defined in the effective date of such registration statement. By making payment upon exercise of this option, Plan) within the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12past 30 days.

Appears in 6 contracts

Sources: Stock Option Grant Agreement (Exopack Holding Corp), Stock Option Grant Agreement (Exopack Holding Corp), Stock Option Grant Agreement (Exopack Holding Corp)

Representations. The Optionee Employee represents and warrants to the Company that (a) the Employee has the legal right to enter into this Agreement and to perform all of the obligations on the Employee’s part to be performed hereunder in accordance with its terms, and (b) the Employee is not a party to any agreement or understanding, written or oral, and is not subject to any restriction, which, in either case, could prevent the Employee from entering into this Agreement or performing all of the Employee’s duties and obligations hereunder. In addition, the Employee acknowledges that the Employee is aware of Section 304 (Forfeiture of Certain Bonuses and Profits) of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and the right of the Company to be reimbursed for certain payments to the Employee in compliance therewith. In addition, the Employee hereby represents, warrants and covenants agrees with the Company that: : (i) Any shares purchased upon exercise a portion of the compensation payable to the Employee pursuant to this option shall be acquired Agreement constitutes good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, for the Optionee's account for investment only, covenants and not with a view to, or for sale agreements contained in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. Section 10 and Section 11; (ii) The Optionee has had such opportunity as he the covenants and agreements contained in Section 10 and Section 11 are reasonable, appropriate and suitable in their geographic scope, duration and content; the Employee shall not, directly or she has deemed adequate to obtain from representatives indirectly, raise any issue of the Company reasonableness, appropriateness and suitability of the geographic scope, duration or content of such information as is necessary covenants and agreements in any proceeding to permit enforce such covenants and agreements; and such covenants and agreements shall survive the Optionee to evaluate termination of the merits and risks of his or her investment in Employees employment for the Company. durations set forth therein; (iii) The Optionee is able the enforcement of any remedy under this Agreement will not prevent the Employee from earning a livelihood because the Employee’s past work history and abilities are such that the Employee reasonably can expect to bear the economic risk find work, if he so chooses, in other areas and lines of holding such shares acquired pursuant to the exercise of this option for an indefinite period. business; (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act covenants and agreements stated in Section 10 and Section 11 are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists essential for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied withEmployer’s reasonable protection; and (Dv) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to reasonably relied on these covenants and agreements by the exercise of this option under the Securities ActEmployee. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 5 contracts

Sources: Employment Agreement (Western Liberty Bancorp), Employment Agreement (Global Consumer Acquisition Corp.), Employment Agreement (Global Consumer Acquisition Corp.)

Representations. The Optionee represents10.1 UNIVERSITY makes no warranties that any patent will issue on UNIVERSITY TECHNOLOGY or INVENTIONS. UNIVERSITY does not warrant the validity or enforceability of any patent included in the PATENT RIGHTS or that practice under such patents shall be free of infringement. 10.2 UNIVERSITY represents and warrants that, warrants to its actual knowledge and covenants that: belief, as of EFFECTIVE DATE, (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment onlyentire right, title, and not interest in the patent applications or patents comprising UNIVERSITY INVENTIONS included in the PATENT RIGHTS and the entire right, title, and interest of inventors with a view toan obligation to assign to the UNIVERSITY the patent applications or patents comprising JOINT INVENTIONS included in the PATENT RIGHTS have been assigned to it free and clear of all liens, or for sale in connection with, claims and encumbrances of any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), inventor or any rule or regulation under the Securities Act. nongovernmental third party, (ii) The Optionee that UNIVERSITY has had such opportunity as he or she has deemed adequate all requisite power and authority to obtain from representatives of grant the Company such information as is necessary to permit the Optionee to evaluate the merits licenses contained in this LICENSE AGREEMENT under said PATENT RIGHTS and risks of his or her investment in the Company. UNIVERSITY TECHNOLOGY, (iii) The Optionee is able to bear UNIVERSITY has not entered into any agreements other than grants from the economic risk of holding such shares acquired pursuant U.S. Government which provide for the rights described in Section 2.5, with any third party with respect to the exercise of this option for an indefinite period. PATENT RIGHTS, the technology claimed therein, nor INVENTIONS, (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise its execution and performance of this option LICENSE AGREEMENT will not be registered under the Securities Act and are "restricted securities" within the meaning result in a breach of Rule 144 under the Securities Act; (B) such shares cannot be soldany other contract to which it is, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any eventwill become, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the publicparty, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if it has not received any notification that the Company offers any of its Common Stock for sale pursuant to a registration statement under PATENT RIGHTS are invalid or that the Securities Act, the Optionee will not, without the prior written consent exercise by LICENSEE of the Companyrights granted hereunder will infringe on any patent or other proprietary right of any third party. 10.3 EXCEPT AS PROVIDED IN SECTION 10.2, offerUNIVERSITY DISCLAIMS ALL WARRANTIES WITH REGARD TO INVENTIONS, sellPATENT RIGHTS, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"PRODUCT(S), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this optionAND SERVICE(S) LICENSED UNDER THIS AGREEMENT, the Optionee shall be deemed to have reaffirmedINCLUDING, as of the date of such paymentBUT NOT LIMITED TO, the representations made in this Section 12ALL WARRANTIES, EXPRESSED OR IMPLIED, OF MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE. 10.4 EXCEPT WITH RESPECT TO BREACHES OF SECTIONS [***], AND 12.1, THE INDEMNIFICATION PROVIDED UNDER SECTION 11, AND CLAIMS FOR PATENT INFRINGEMENT, NEITHER PARTY SHALL BE ENTITLED TO RECOVER FROM THE OTHER PARTY ANY INDIRECT, CONSEQUENTIAL, SPECIAL, EXEMPLARY, OR PUNITIVE DAMAGES IN CONNECTION WITH THIS AGREEMENT.

Appears in 5 contracts

Sources: License Agreement (Pelthos Therapeutics Inc.), License Agreement (Novan, Inc.), License Agreement (Novan, Inc.)

Representations. The Optionee representsIn connection with my exercise of the Option, warrants and covenants thatI hereby represent to the Company as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for I am acquiring the Optionee's account Shares solely for investment onlypurposes, and not with a view to, no present intention of distributing or for sale in connection with, reselling any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), Shares or any rule or regulation under interest therein. I acknowledge that the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Shares have not be been registered under the Securities Act of 1933, as amended. (b) I am aware of the Company's and its subsidiaries' business affairs and financial condition and have acquired sufficient information about the Company and its subsidiaries to reach an informed and knowledgeable decision to acquire the Shares. (c) I understand that the Shares are "restricted securities" within ” under applicable U.S. federal and state securities laws and that, pursuant to these laws, I must hold the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of Shares indefinitely unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and qualified by state authorities, or unless an exemption from such registration and qualification requirements is available. I acknowledge that the Company has no obligation or current intention to register any shares acquired pursuant or qualify the Shares for resale. I further acknowledge that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of my control, and which the Company is under no obligation to and may not be able to satisfy. (d) I understand that there is no public market for the Shares, that no market may ever develop for them, and that the Shares have not been approved or disapproved by the Securities and Exchange Commission or any other federal, state or other governmental agency. (e) I understand that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the Agreement are incorporated herein by reference. (f) I have consulted my own tax advisors in connection with my exercise of this option under the Securities Act. (v) The Optionee agrees that, if Option and I am not relying upon the Company offers for any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12tax advice.

Appears in 5 contracts

Sources: Stock Option Agreement (Whitehall Jewelers Holdings, Inc.), Stock Option Agreement (BTHC VII Inc), Stock Option Agreement (BTHC VII Inc)

Representations. The Optionee represents(a) I have been advised that the Shares are not being registered under the Securities Act of 1933, warrants as amended (the “Act”), on the basis of an exemption from registration under the Act, and covenants that:on the representations made by me in this agreement. I understand that neither the Securities and Exchange Commission (“SEC”) nor any other federal or state agency has passed on or made any recommendation or endorsement of the Shares, and that the Company is relying on the truth and accuracy of the representations and warranties made by me in this agreement in connection with offering the Shares for sale to me without registration under the Act. (ib) Any shares purchased upon exercise I am a director or executive officer of this option shall be acquired for the Optionee's account Company. (c) I am acquiring the Shares for investment only, for my own account and not with a view toto their resale or distribution and I do not intend to divide my participation with others or to resell or otherwise dispose of all or any part of the Shares unless and until they are subsequently registered under the Act, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Actan exemption from such registration is available. (iid) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of I have the Company such information as is necessary to permit the Optionee ability to evaluate the merits and risks of his or her an investment in the CompanyCompany based upon my knowledge and experience in financial and business matters. (iiie) I understand that if Rule 144 under the Securities Act (“Rule 144”) is available with respect to resale of the Shares, any routine sale of the Shares made under Rule 144 can be made only in compliance with Rule 144 and this Agreement. If Rule 144 is not available, compliance with another exemption from registration under the Act will be required before I can transfer part or all of the Shares. I am familiar with the provisions of Rule 144, including Rule 144’s requirement that the Shares be held by me for at least one year before they can be sold by me. (f) I understand that before any transfer of any of the Shares can be made by me, written approval must first be obtained from the Company’s counsel. The Optionee is basis of any such approval will be satisfactory compliance with the requirements of the federal and state statutes regulating sales and transfers of securities. I understand that a legend to this effect will be placed on the Shares and that stop-transfer instructions will be issued by the Company to its transfer agent. (g) I am (i) able to bear the economic risk of holding such shares acquired pursuant this investment, (ii) able to hold the exercise Shares indefinitely, and (iii) presently able to afford a complete loss of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be soldinvestment. I have consulted my own attorney, transferred accountant or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission investment advisor with respect to any stock of my investment in the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities ActShares. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 5 contracts

Sources: Agreement Regarding Private Placement of Shares Upon Exercise of Stock Option (Cec Entertainment Inc), Agreement Regarding Private Placement of Shares Upon Exercise of Stock Option (Cec Entertainment Inc), Agreement Regarding Private Placement of Shares Upon Exercise of Stock Option (Cec Entertainment Inc)

Representations. The Optionee Employee represents and warrants to the Company that (a) the Employee has the legal right to enter into this Agreement and to perform all of the obligations on the Employee’s part to be performed hereunder in accordance with its terms, and (b) the Employee is not a party to any agreement or understanding, written or oral, and is not subject to any restriction, which, in either case, could prevent the Employee from entering into this Agreement or performing all of the Employee’s duties and obligations hereunder. In addition, the Employee acknowledges that the Employee is aware of Section 304 (Forfeiture of Certain Bonuses and Profits) of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and the right of the Company to be reimbursed for certain payments to the Employee in compliance therewith. In addition, the Employee hereby represents, warrants and covenants agrees with the Company that: : (i) Any shares purchased upon exercise a portion of the compensation payable to the Employee pursuant to this option shall be acquired Agreement constitutes good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, for the Optionee's account for investment only, covenants and not with a view to, or for sale agreements contained in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. Section 11 and Section 12; (ii) The Optionee has had such opportunity as he the covenants and agreements contained in Section 11 and Section 12 are reasonable, appropriate and suitable in their geographic scope, duration and content; the Employee shall not, directly or she has deemed adequate to obtain from representatives indirectly, raise any issue of the Company reasonableness, appropriateness and suitability of the geographic scope, duration or content of such information as is necessary covenants and agreements in any proceeding to permit enforce such covenants and agreements; and such covenants and agreements shall survive the Optionee to evaluate termination of the merits and risks of his or her investment in Employees employment for the Company. durations set forth therein; (iii) The Optionee is able the enforcement of any remedy under this Agreement will not prevent the Employee from earning a livelihood because the Employee’s past work history and abilities are such that the Employee reasonably can expect to bear the economic risk find work, if he so chooses, in other areas and lines of holding such shares acquired pursuant to the exercise of this option for an indefinite period. business; (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act covenants and agreements stated in Section 11 and Section 12 are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists essential for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied withEmployer’s reasonable protection; and (Dv) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to reasonably relied on these covenants and agreements by the exercise of this option under the Securities ActEmployee. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 5 contracts

Sources: Employment Agreement (Global Consumer Acquisition Corp.), Employment Agreement (Western Liberty Bancorp), Employment Agreement (Global Consumer Acquisition Corp.)

Representations. The Optionee representsIn addition, warrants and covenants thatin connection with the issuance of this Warrant, the holder specifically represents to the Company by acceptance of this Warrant as follows: (i) Any shares purchased upon exercise The holder is aware of the Company’s business affairs and financial condition, and has acquired information about the Company sufficient to reach an informed and knowledgeable decision to acquire this option shall be acquired Warrant. The holder is acquiring this Warrant for the Optionee's its own account for investment only, purposes only and not with a view to, or for sale the resale in connection with, any distribution “distribution” thereof for purposes of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives holder understands that this Warrant and the Warrant Shares have not been registered under the Securities Act in reliance upon a specific exemption there from, which exemption depends upon, among other things, the bona fide nature of the Company such information holder’s investment intent as is necessary to permit expressed herein. In this connection, the Optionee to evaluate the merits and risks of his or her investment holder understands that, in the Companyview of the SEC, the statutory basis for such exemption may be unavailable if the holder’s representation was predicated solely upon a present intention to hold the Warrant and the Warrant Shares for the minimum capital gains period specified under applicable tax laws, for a deferred sale, for or until an increase or decrease in the market price of the Warrant and the Warrant Shares, or for a period of one (1) year or any other fixed period in the future. (iii) The Optionee is able to bear holder further understands that this Warrant and the economic risk of holding such shares acquired pursuant to Warrant Shares must be held indefinitely unless subsequently registered under the exercise of this option for an indefinite periodSecurities Act and any applicable state securities laws, or unless exemptions from registration are otherwise available. (iv) The Optionee understands that (A) holder is aware of the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning provisions of Rule 144 and 144A, promulgated under the Securities Act; , which, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer thereof (Bor from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions, if applicable, including, among other things: the availability of certain public information about the Company, the resale occurring not less than one (1) such shares cannot year after the party has purchased and paid for the securities to be sold, transferred ; the sale being made through a broker in an unsolicited “broker’s transaction” or otherwise disposed of unless they are subsequently registered in transactions directly with a market maker (as said term is defined under the Securities Exchange Act or an exemption from registration is then available; (Cof 1934, as amended) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register amount of securities being sold during any shares acquired pursuant to three (3) month period not exceeding the exercise of this option under the Securities Actspecified limitations stated therein. (v) The Optionee agrees holder further understands that at the time it wishes to sell this Warrant and the Warrant Shares there may be no public market upon which to make such a sale, and that, even if such a public market then exists, the Company may not be satisfying the current public information requirements of Rule 144 and 144A, and that, in such event, the holder may be precluded from selling this Warrant and the Warrant Shares under Rule 144 and 144A even if the Company offers any one (1)-year minimum holding period has been satisfied. (vi) The holder further understands that, in the event that all of its Common Stock for sale pursuant to a the requirements of Rule 144 and 144A are not satisfied, registration statement under the Securities Act, compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the Optionee will notfact that Rule 144 and 144A are not exclusive, without the prior written consent Staff of the Company, offer, sell, contract SEC has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 and 144A will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or otherwise dispose ofsales, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of and that such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of persons and their respective brokers who participate in such payment, the representations made in this Section 12transactions do so at their own risk.

Appears in 4 contracts

Sources: Warrant Agreement (Cruisestock Inc.), Warrant Agreement (Cruisestock Inc.), Warrant Agreement (Brookside Technology Holdings, Corp.)

Representations. (a) The Optionee representsSponsor represents and warrants as follows: the Sponsor hereby acknowledges that an investment in the Class B Ordinary Shares involves certain significant risks. The Sponsor acknowledges and hereby agrees that the Class B Ordinary Shares will not be transferable under any circumstances unless the Class B Ordinary Shares are registered in accordance with federal and state securities laws or an exemption under such laws is available. The Sponsor further acknowledges and hereby agrees that the Class B Ordinary Shares are subject to transfer restrictions and forfeiture provisions as set forth in the Subscription Agreement and the Letter Agreement to be entered into among the Company, warrants the Sponsor and covenants that: the other individual parties thereto, and the lock-up provisions therein. The Sponsor further understands that any certificates evidencing the Class B Ordinary Shares will bear a legend (ias provided in the Subscription Agreement) Any shares purchased upon exercise of this option shall be acquired referring to the foregoing transfer restrictions. The Class B Ordinary Shares are being assigned solely for the Optionee's account Sponsor’s own account, for investment purposes only, and are not being assigned with a view to, to or for sale in connection withthe resale, distribution, subdivision or fractionalization thereof; and the Sponsor has no present plans to enter into any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act")contract, undertaking, agreement or any rule arrangement for such resale, distribution, subdivision or regulation under the Securities Act. (ii) fractionalization. The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee Sponsor is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option its investment for an indefinite period. period of time. The Sponsor has been given the opportunity to (ivi) ask questions of and receive answers from the Initial Purchaser and the Company concerning the terms and conditions of the Class B Ordinary Shares, and the business and financial condition of the Company and (ii) obtain any additional information that the Initial Purchaser possesses or can acquire without unreasonable effort or expense that is necessary to assist the Sponsor in evaluating the advisability of the receipt of the Class B Ordinary Shares and an investment in the Company. The Optionee understands that (A) the shares acquired pursuant Sponsor is not relying on any oral representation made by any person as to the exercise of this option will not be registered Company or its operations, financial condition or prospects. The Sponsor is an “accredited investor” as defined in Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). (b) The Initial Purchaser represents and are "restricted securities" warrants that he has not engaged in any general solicitation or general advertising within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered 502 under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock the offer and sale of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities ActClass B Ordinary Shares. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 3 contracts

Sources: Securities Purchase Assignment Agreement (Patria Latin American Opportunity Acquisition Corp.), Securities Purchase Assignment Agreement (Crescera Capital Acquisition Corp.), Securities Purchase Assignment Agreement (Valor Latitude Acquisition Corp.)

Representations. The Optionee Grantee represents, warrants and covenants that: (i1) Any shares purchased upon exercise of this option Option shall be acquired for the OptioneeGrantee's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), ) or any rule or regulation under the Securities Act, and that he will not distribute the same in violation of any state or federal law or regulation. (ii2) The Optionee Grantee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company Corporation such information as is necessary to permit the Optionee Grantee to evaluate the merits and risks of his or her investment in the CompanyCorporation. (iii3) The Optionee Grantee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option Option for an indefinite period. (iv4) The Optionee Grantee understands that (A) the shares acquired pursuant to the exercise of this option Option will not be registered under the Securities Act or under the securities laws of any state and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act Act, and such registration or qualification as may be necessary under the securities laws of any state, or an exemption from registration is then available; (C) in any event, an the exemption from registration under Rule 144 or otherwise under the Securities Act will not be available for at least two years one (1) year from date of exercise and even then will not be available unless a public market then exists for the Common Stockcommon stock of the Corporation, adequate information concerning the Company Corporation is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now as of the date of this Agreement no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company Corporation and the Company neither the Grantor nor the Corporation has no any obligation or current intention to register any shares acquired pursuant to the exercise of this option Option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this optionOption, the Optionee Grantee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 126.9.

Appears in 3 contracts

Sources: Stock Option Grant Agreement (Powerize Com Inc), Stock Option Grant Agreement (Powerize Com Inc), Stock Option Grant Agreement (Powerize Com Inc)

Representations. The Optionee representsIn connection with my exercise of the Option, warrants and covenants thatI hereby represent to the Company as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for I am acquiring the Optionee's account Shares solely for investment onlypurposes, and not with a view to, no present intention of distributing or for sale in connection with, reselling any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), Shares or any rule or regulation under interest therein. I acknowledge that the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Shares have not be been registered under the Securities Act of 1933, as amended. (b) I am aware of the Company’s and its Subsidiaries’ business affairs and financial condition and have acquired sufficient information about the Company and its Subsidiaries to reach an informed and knowledgeable decision to acquire the Shares. (c) I understand that the Shares are "restricted securities" within ” under applicable U.S. federal and state securities laws and that, pursuant to these laws, I must hold the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of Shares indefinitely unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and qualified by state authorities, or unless an exemption from such registration and qualification requirements is available. I acknowledge that the Company has no obligation or current intention to register any shares acquired pursuant or qualify the Shares for resale. I further acknowledge that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of my control, and which the Company is under no obligation to and may not be able to satisfy. (d) I understand that there is no public market for the Shares, that no market may ever develop for them, and that the Shares have not been approved or disapproved by the Securities and Exchange Commission or any other federal, state or other governmental agency. (e) I understand that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the Agreement are incorporated herein by reference. (f) I have consulted my own tax advisors in connection with my exercise of this option under the Securities Act. (v) The Optionee agrees that, if Option and I am not relying upon the Company offers for any of its Common Stock for sale pursuant to a registration statement under tax advice. Submitted by the Securities Act, the Optionee will not, without the prior written consent of Optionholder: Date: By: Print Name: Address: Social Security No. Received and Accepted by the Company: RAFAELLE APPAREL GROUP, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statementINC. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.By: Print Name: Title:

Appears in 3 contracts

Sources: Equity Incentive Plan Award Agreement (Rafaella Apparel Group,inc.), Equity Incentive Plan Award Agreement (Rafaella Apparel Group,inc.), Equity Incentive Plan Award Agreement (Rafaella Apparel Group,inc.)

Representations. The Optionee representsIn the event Grantee exercises the Option prior to an initial public offering by the Company or counsel to the Company otherwise determines that such representations and legends are required by law in connection with the exercise of the Option, warrants and covenants thatGrantee hereby represents to the Company as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for Grantee is acquiring the Optionee's account Shares solely for investment onlypurposes, and not with a view to, no present intention of distributing or for sale in connection with, reselling any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), Shares or any rule or regulation under interest therein. Grantee acknowledges that the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Shares have not be been registered under the Securities Act of 1933, as amended (the “Securities Act”). (b) Grantee is aware of the Company’s business affairs and financial condition and has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Shares. (c) Grantee understands that the Shares are "restricted securities" within ” under applicable U.S. federal and state securities laws and that, pursuant to these laws, he or she must hold the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of Shares indefinitely unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and qualified by state authorities, or unless an exemption from such registration and qualification requirements is available. Grantee acknowledges that the Company has no obligation or current intention to register or qualify the Shares for resale. Grantee further acknowledges that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares and requirements relating to the Company which are outside of Grantee’s control, and which the Company is under no obligation to and may not be able to satisfy. (d) Grantee understands that there is no public market for the Shares, that no market may ever develop for them and that the Shares have not been approved or disapproved by the Securities and Exchange Commission or any shares acquired other federal, state or other governmental agency. (e) Grantee understands that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the applicable Award Agreement pursuant to which the Option has been granted are incorporated herein by reference. (f) Grantee understands that the certificate (if any) representing the Shares will be imprinted with the following legends: THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SHARES OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THE SHARES, REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT AND APPLICABLE STATE SECURITIES LAWS. THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A REPURCHASE RIGHT IN FAVOR OF THE COMPANY OR ITS ASSIGNEE AS SET FORTH IN THE STOCK OPTION AWARD AGREEMENT, DATED BETWEEN AND TALECRIS BIOTHERAPEUTICS HOLDINGS CORP. SUCH REPURCHASE RIGHT IS BINDING ON TRANSFEREES OF THE SHARES REPRESENTED BY THIS CERTIFICATE.” (g) Grantee has consulted his or her own tax advisors in connection with the exercise of this option under Option and is not relying upon the Securities ActCompany for any tax advice. (vh) The Optionee agrees that, if Grantee is presently an employee of the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of was an employee within 90 days after the effective date of such registration statement. By making payment upon prior to exercise of this option, the Optionee shall be deemed (one year if Grantee is no longer an employee due to have reaffirmed, as of the date of such payment, the representations made in this Section 12death or Disability).

Appears in 3 contracts

Sources: Employment Agreement (Talecris Biotherapeutics Holdings Corp.), Employment Agreement (Talecris Biotherapeutics Holdings Corp.), Stock Option Award Agreement (Talecris Biotherapeutics Holdings Corp.)

Representations. The Optionee represents, warrants and covenants --------------- that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers for the first time any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, publicly offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition")indirectly, any shares purchased upon exercise of this option for a period of 90 180 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 1215.

Appears in 3 contracts

Sources: Incentive Stock Option Agreement (Switchboard Inc), Incentive Stock Option Agreement (Switchboard Inc), Incentive Stock Option Agreement (Switchboard Inc)

Representations. The Optionee represents, Each of the Parties hereby represents and warrants and covenants thatto each other Party: (ia) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale that such Party is an “Accredited Investor” as defined in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), and is acquiring its shares of Class A Common Stock or PE Units, as applicable, for its own account for investment, and not with a view to any rule distribution, resale, subdivision or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives fractionalization thereof in violation of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 other applicable domestic or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the publicforeign securities law, and other such Party does not have any present plan to enter into any contract, undertaking, agreement or arrangement for any such distribution, resale, subdivision or fractionalization, except as described in the Registration Statement. Such Party has had an opportunity to discuss PubCo’s and Parsley LLC’s business, management, financial affairs and the terms and conditions of Rule 144 are complied with; this Agreement with PubCo’s and (D) there is now no registration statement Parsley LLC’s management. Such Party acknowledges and agrees that PubCo or Parsley LLC, as applicable, shall place a legend in substantially the following form on file with certificates or by notation on book-entry positions representing the Securities and Exchange Commission shares of Class A Common Stock or PE Units, as applicable, other than with respect to any stock shares of Class A Common Stock that are contemplated to be sold under the Registration Statement: “THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR UNDER APPLICABLE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS IT HAS BEEN REGISTERED UNDER SUCH LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE.” (b) that the execution, delivery and performance by such Party of this Agreement, and the consummation of the Company transactions contemplated hereby, do not and will not (i) conflict with or violate the Company has no certificate of incorporation, bylaws, certificate of formation, operating agreement or similar organizational document of such Party, as in effect on the date hereof (ii) conflict with or violate any law applicable to such Party, or (iii) result in any breach of, constitute a default (or an event that, with notice or lapse of time or both, would become a default) under, require any consent of or notice to any person pursuant to, give to others any right of termination, amendment, modification, acceleration or cancellation of, allow the imposition of any fees or penalties, require the offering or making of any payment or redemption, give rise to any increased, guaranteed, accelerated or additional rights or entitlements of any person or otherwise adversely affect any rights of such Party under or pursuant to, any note, bond, mortgage, indenture, agreement, lease, license, permit, franchise, instrument, obligation or current intention other contract to register which such Party is a party or by which such Party or its assets may be bound or affected; (c) that such Party owns all interests contributed hereby free and clear of all liens, encumbrances, security interests, equities, charges or claims; (d) that such Party reviewed with, or has had opportunity to consult with, their own independent legal and tax advisors regarding the transactions contemplated hereby, including the U.S. federal, state, local, foreign and other tax consequences of the transactions contemplated hereby and hereby acknowledges that neither PubCo or Parsley LLC nor their advisors (including ▇▇▇▇▇▇ & ▇▇▇▇▇▇ L.L.P) has provided to such Party any shares acquired pursuant such legal or tax advice regarding the transactions contemplated hereby; and (e) that Parsley LLC and PubCo are making no representation or warranty as to the exercise of this option under U.S. federal, state, local, foreign or other tax consequences to the Securities Act. (v) The Optionee agrees thatExisting Members, if the Company offers any of its Common Stock for sale pursuant to NGP or PEEH as a registration statement under the Securities Act, the Optionee will not, without the prior written consent result of the Companytransactions contemplated by this Agreement. The Existing Members, offer, sell, contract to sell NGP and PEEH understand that each of them (and not Parsley LLC or otherwise dispose of, directly or indirectly (PubCo) will be responsible for such person’s own tax liability that may arise as a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as result of the date of such payment, the representations made in this Section 12transactions contemplated hereby.

Appears in 3 contracts

Sources: Master Reorganization Agreement (Parsley Energy, Inc.), Master Reorganization Agreement (Parsley Energy, Inc.), Master Reorganization Agreement (Parsley Energy, Inc.)

Representations. The Optionee represents, undersigned hereby additionally represents and warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired The undersigned is purchasing for the Optionee's his/her/its own account for investment only, and not with a view to, or for sale in connection with, on behalf of any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Actother person. (ii) The Optionee has had such opportunity as he undersigned will not sell or she has deemed adequate to obtain from representatives assign the Securities except in accordance with the provisions of the Company Securities Act of 1933, as amended, or pursuant to the registration Requirements under the Act, or pursuant to an available exemption under the Act such information as is necessary to permit the Optionee to evaluate the merits and risks Rule 144, which requires a prior holding period of his or her investment in the Companynot less than one year from date of purchase. (iii) The Optionee undersigned, in evaluating the merits and risks of this investment, has determined that this investment is suitable for the undersigned's participation, and the undersigned has received and reviewed all pertinent documents requested by the undersigned. (iv) Share certificates shall bear an appropriate restrictive legend that restricts the further sale or assignment of the Securities except in accordance with the foregoing provisions set forth above. (v) The undersigned is aware that there is no public market for the Company's Securities, that the transfer of Securities is subject to certain restrictions according to law and that, as a consequence, it may not be possible for the undersigned to liquidate the Securities, which may have to be held indefinitely, which makes this offering an illiquid investment. (vi) The undersigned is able to bear the economic risk of holding the investment and has such shares acquired pursuant business or financial experience as to be capable of evaluating the exercise merits and risks of this option for an indefinite periodinvesting in the Company. (ivvii) The Optionee understands undersigned is aware that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) investment in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available involves certain material risks. (viii) The undersigned, in evaluating the merits and risks of an investment in the Securities, has been encouraged to seek the publicadvice of his or her own personal tax and legal counsel, and other terms has not relied upon any representations concerning this investment. (ix) The undersigned has had the opportunity to personally ask questions of and conditions of Rule 144 are complied with; receive answers from duly qualified agents and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock representatives of the Company and to verify the Company has no obligation or current intention to register any shares acquired pursuant to the exercise accuracy and completion of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of all material information about the Company, offerits business, sellofficers, contract to sell or otherwise dispose ofdirectors and founders, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after and the effective date of such registration statement. By making payment upon exercise of this option, terms and conditions under which the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12Securities are being acquired.

Appears in 3 contracts

Sources: Subscription Agreement (Global Smoothie Supply, Inc.), Subscription Agreement (Global Smoothie Supply, Inc.), Subscription Agreement (Global Smoothie Supply, Inc.)

Representations. The Optionee represents(a) You represent and warrant to the Company that, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall the Option, you will be acquired acquiring the Option Shares for your own account for the Optionee's account for purpose of investment only, and not with a view to, to or for sale in connection with, with any distribution thereof, and you understand that (i) neither the Option nor the Option Shares have been registered with the Securities and Exchange Commission by reason of their issuance in a transaction exempt from the shares in violation registration requirements of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. and (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as Option Shares must be held indefinitely by you unless a subsequent disposition thereof is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption is exempt from registration is then available; such registration. The stock certificates for any Option Shares issued to you will bear the following legend: THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS THEY HAVE BEEN REGISTERED UNDER THAT ACT OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. (Cb) in any eventYou further represent and warrant that you understand the Federal, an exemption from registration under Rule 144 or otherwise under state and local income tax consequences of the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for granting of the Common StockOption to you, adequate information concerning the Company is then available acquisition of rights to exercise the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission Option with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to Option Shares, the exercise of this option under the Securities Act. (v) The Optionee agrees thatOption and purchase of Option Shares, if and the subsequent sale or other disposition of any Option Shares. In addition, you understand that the Company offers will be required to withhold Federal, state or local taxes in respect of any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased compensation income realized by you upon exercise of this option for a period the Option granted hereunder. To the extent that the Company is required to withhold any such taxes, you hereby agree that the Company may deduct from any payments of 90 days after any kind otherwise due to you an amount equal to the effective date total Federal, state and local taxes required to be so withheld, or if such payments are inadequate to satisfy such Federal, state and local taxes, or if no such payments are due or to become due to you, then you agree to provide the Company with cash funds or make other arrangements satisfactory to the Company regarding such payment. It is understood that all matters with respect to the total amount of taxes to be withheld in respect of any such registration statement. By making payment upon exercise of this option, the Optionee compensation income shall be deemed to have reaffirmed, as determined by the Board of the date of such payment, the representations made Directors in this Section 12its sole discretion.

Appears in 3 contracts

Sources: Non Qualified Stock Option Agreement (Acreedo Health Inc), Non Qualified Stock Option Agreement (Acreedo Health Inc), Non Qualified Stock Option Agreement (Acreedo Health Inc)

Representations. The Optionee represents, Pledgor warrants and covenants represents that: (i) Any shares purchased 1.1 there are no restrictions upon exercise the transfer of this option shall be acquired any of the Pledged Securities, other than those that are referenced on the face of the certificate or, for any uncertificated Pledged Securities, as previously disclosed to Secured Party in writing; 1.2 the Pledged Securities are issued and registered in the name of Pledgor as the legal and beneficial owner thereof, or, if uncertificated, are held in an account owned by Pledgor, and all Pledged Securities are duly authorized, validly issued and fully paid and nonassessable, with no personal liability attaching to the ownership thereof; 1.3 the Pledged Securities are free and clear of any security interests, pledges, liens, encumbrances, charges, agreements, claims or other arrangements or restrictions of any kind, except as referenced above; and Pledgor will not incur, create, assume or permit to exist any pledge, security interest, lien, charge or other encumbrance of any nature whatsoever on any of the Pledged Securities or assign, pledge or otherwise encumber any right to receive income from the Pledged Securities; 1.4 Pledgor has the right to transfer the Pledged Securities free of any encumbrances and without obtaining the consent of any other person or entity and Pledgor will defend Pledgor’s title to the Pledged Securities against the claims of all persons; and any registration with, or consent or approval of, or other action by, any federal, state or other governmental authority or regulatory body which was or is necessary for the Optionee's account for investment onlyvalidity of the pledge of, and not with a view to, or for sale in connection with, any distribution grant of the shares in violation security interest in, the Pledged Securities has been obtained; 1.5 the pledge of, and grant of the security interest in, the Pledged Securities Act is effective to vest in Secured Party a valid and perfected first and prior security interest, superior to the rights of 1933 (any other person, in and to the "Securities Act"), or any rule or regulation under the Securities Act.Pledged Securities; and (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives 1.6 all of the Company such information as is necessary Pledged Securities in certificated form have been delivered to permit the Optionee to evaluate the merits and risks of his or her investment Secured Party, accompanied by assignments in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the publicblank duly executed, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock all of the Company Pledged Securities in uncertificated form are subject to a Notification and Control Agreement by and between Secured Party and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmedCustodian, as of the date of such payment, the representations made in this Section 12term is defined therein.

Appears in 3 contracts

Sources: Stock Pledge and Security Agreement (Oliver Orson), Stock Pledge and Security Agreement (Oliver Orson), Stock Pledge and Security Agreement (Garber Sean)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), ) or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she the Optionee has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her the Optionee's investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning concerning, the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers for the first time any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, publicly offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition")indirectly, any shares purchased upon exercise of this option for a period of 90 days ninety (90) days, or such longer period as the Company may reasonably require, after the effective date of such registration statement. (vi) The Optionee's principal residence is at the address set forth below on the signature page. The Optionee shall promptly notify the Company of any change in the Optionee's principal address. By making payment upon any exercise of this option, in whole or in part, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 3 contracts

Sources: Non Qualified Stock Option Agreement (Network Appliance Inc), Non Qualified Stock Option Agreement (Network Appliance Inc), Non Qualified Stock Option Agreement (Constant Contact, Inc.)

Representations. The Optionee undersigned understands: that he is subscribing for the Units without being furnished any offering literature or prospectus; that this transaction has not been approved or disapproved by the Securities and Exchange Commission or any administrative agency charged with the administration of the securities laws of any state; and that all documents, records and books pertaining to this investment have been made available upon reasonable notice for inspection by him or his purchaser representative, counsel, accountant or business advisor. The undersigned hereby represents, warrants and covenants thatconfirms as follows: (a) all transactions and discussions related to this investment have taken place in the State of New York; (b) the undersigned understands that (i) Any the Shares, the Warrants and shares purchased of Common Stock purchasable upon exercise of this option shall be acquired for the Optionee's account for Warrants (collectively, the “Securities”) represent a speculative investment onlywhich involve a high degree of risk of loss by the undersigned of his investment therein, and not with a view to, or for sale in connection with, any distribution of (ii) there are substantial restrictions on the shares in violation transferability of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee no public market for the Securities may develop or, if developed, will continue and, accordingly, it may not be possible to liquidate this investment in case of emergency or to use the Securities as collateral for a loan; (c) the undersigned (i) is able to bear the economic risk of holding such shares acquired pursuant to the exercise risks of this option investment, (ii) is able to hold this investment for an indefinite period. period of time, (iii) is presently able to afford a complete loss of this investment and (iv) The Optionee has no need for liquidity in this investment; (d) the undersigned has, or the undersigned and his purchaser representative together have, such knowledge and experience in financial and business matters that he is, or he and his purchaser representative together are, capable of evaluating the merits and risks of this investment and of making an informed investment decision; (e) the undersigned confirms that, in making his decision to subscribe for the Purchased Securities, he has relied solely upon independent investigations made by him or his purchaser representative, if any, and that he and such purchaser representative have been given the opportunity to ask questions of, and to receive answers from, the Company concerning the proposed business, the financial condition, the operating history and the management of the Company and the risks of this investment (to the extent that the Company possesses such information or can acquire it without unreasonable effort or expense); (f) the Securities will be acquired by him in good faith solely for his own account for investment purposes only and are not being purchased with a view to or for the resale, distribution, subdivision or fractionalization thereof; (g) the undersigned has no contract, undertaking, understanding, agreement or arrangement, formal or informal, with any person to sell, transfer or pledge to any person any of the Securities or any part thereof and has no present plans to enter into any such contract, undertaking, agreement or arrangement; (h) the undersigned understands that (A) the shares acquired pursuant to legal consequences of the exercise representations and warranties set forth herein are that he must bear the economic risks of this option will investment for an indefinite period of time because the Securities have not be been registered under the Securities Act and are "restricted securities" within of 1933, as amended (the meaning “Act”), or the securities law of Rule 144 under the Securities Act; (B) such shares any state and, therefore, cannot be sold, transferred or otherwise disposed of sold unless they are subsequently so registered under (which the Securities Act Company may not be obligated to do) or an exemption from such registration is then available; (i) the undersigned understands that no federal or state agency has passed on or made any recommendation or endorsement of the Securities and that the Company is relying on the truth and accuracy of the representations, declarations and warranties made herein by the undersigned in offering the Securities for sale to him without having first registered the Securities under the Act and any applicable state securities laws; (j) the undersigned consents to the placement of a legend on any certificate evidencing the Securities, which legend may be in the following or any equivalent form: “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR THE SECURITIES LAW OF ANY OF ANY STATE IN RELIANCE UPON EXEMPTIONS FROM REGISTRATION THEREUNDER. THE SALE OR OTHER DISPOSITION OF THE SECURITIES REPRESENTED HEREBY IS RESTRICTED THEREUNDER AND, IN ANY EVENT, IS PROHIBITED UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO IT THAT SUCH SALE OR OTHER DISPOSITION CAN BE MADE WITHOUT REGISTRATION THEREUNDER. BY ACQUIRING THE SECURITIES REPRESENTED HEREBY, THE UNDERSIGNED REPRESENTED THAT HE HAS ACQUIRED SUCH SECURITIES FOR INVESTMENT PURPOSES ONLY, AND THE UNDERSIGNED AGREED THAT HE WOULD NOT SELL OR OTHERWISE DISPOSE OF SUCH SECURITIES WITHOUT REGISTRATION OR OTHER COMPLIANCE THEREWITH.” ; and (Ck) the undersigned is (i) an “accredited investor” as defined in any eventRule 501(a) under the Act, an exemption from registration under Rule 144 or otherwise (ii) is not, and is not required to be, registered as a broker-dealer under the Securities Exchange Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stockof 1934, adequate information concerning the Company is then available to the publicas amended, and other terms (iii) not purchasing the Units as a result of any general solicitation or general advertisement. The foregoing representations, warranties and conditions of Rule 144 undertakings are complied with; and (D) there is now no registration statement on file made by the undersigned with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of intent that they be relied upon in determining his suitability as an investor in the Company, offerand the undersigned hereby agrees that such representations, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after warranties and undertakings shall survive the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as purchase of the date of such payment, the representations made in this Section 12Securities.

Appears in 3 contracts

Sources: Assignment of Subscription Rights (Playford Gilbert E), Subscription Agreement (Playford Gilbert E), Unit Subscription Agreement (Symmetry Holdings Inc)

Representations. (a) The Optionee represents, Manager hereby warrants and covenants that:represents to the Adviser that (a) it has obtained all applicable licenses, permits, registrations and approvals that may be required in order to serve in its designated capacities with respect to the Portfolio, and shall continue to keep current such licenses, permits, registrations and approvals for so long as this Agreement is in effect; (b) it is not prohibited by the 1940 Act or other applicable laws and regulations from performing the services contemplated by this Agreement; (c) it will immediately notify the Adviser of the occurrence of any event that would disqualify it from serving in its designated capacities with respect to the Portfolio; and (d) this Agreement has been duly and validly authorized, executed and delivered on behalf of the Manager and is a valid and binding agreement of the Manager enforceable in accordance with its terms; (ib) Any shares purchased upon exercise of this option shall The Adviser hereby warrants and represents to the Manager that (a) it is registered as an investment adviser under the Advisers Act; (b) it has obtained all applicable licenses, permits, registrations and approvals that may be acquired for required in order to serve in its designated capacities with respect to the Optionee's account for investment onlyPortfolio, and shall continue to keep current such licenses, permits, registrations and approvals for so long as this Agreement is in effect; (c) it is not prohibited by the 1940 Act or other applicable laws and regulations from performing the services contemplated by this Agreement; (d) it will immediately notify the Manager of the occurrence of any event that would disqualify it from serving in its designated capacities with respect to the Portfolio; and (e) this Agreement has been duly and validly authorized, executed and delivered on behalf of the Adviser and is a valid and binding agreement of the Adviser enforceable in accordance with its terms; (c) The Adviser hereby warrants and represents that it has adopted a written code of ethics complying with the requirements of Rule 17j-1 under the Investment Company Act and will provide the Manager and the Board with a view to, or for sale in connection with, any distribution copy of such code of ethics. Within forty-five days of the shares end of the last calendar quarter of each year that this Agreement is in effect, and as otherwise requested, the president, chief operating officer or a vice-president of the Adviser shall certify to the Manager that the Adviser’s code of ethics has complied with the requirements of Rule 17j-1 during the previous year and that there has been no material violation of the Securities Act Adviser’s code of 1933 (ethics or, if such a material violation has occurred, that appropriate action was taken in response to such violation. In the "Securities Act")event a material violation of the Adviser’s code of ethics has occurred, or any rule or regulation under upon request, the Securities ActAdviser shall provide the Manager with appropriate documentation as to the nature of the violation and steps taken to remedy such breach. (iid) The Optionee Adviser hereby warrants and represents that it has had such opportunity as he or she has deemed adequate to obtain from representatives of provided the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company Trust and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any Manager with a copy of its Common Stock for sale pursuant to a registration statement under the Securities ActForm ADV Part II, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, which as of the date of this Agreement is its Form ADV Part II as most recently filed with the SEC and promptly will furnish a copy of all amendments to the Adviser’s Form ADV Part II to the Trust and the Manager at least annually. Such amendments shall reflect all changes in the Adviser’s organizational structure, professional staff or other significant developments affecting the Adviser, as required by the Advisers Act; (e) The Adviser agrees that it will notify the Trust and the Manager of any assignment (within the meaning of the Investment Company Act) of this Agreement or change of control (within the meaning of the Investment Company Act) of the Adviser, as applicable, in each case prior to or promptly after, such paymentchange. In the event of any such assignment or change of control, the representations made parties agree that the Adviser will bear reasonable expenses of the Trust, if any, arising out of such assignment or change of control as is mutually agreeable between the parties; (f) The Adviser agrees to maintain an appropriate level of errors and omissions or professional liability insurance coverage; and (g) The Adviser agrees that neither it, nor any of its affiliates, will knowingly in this Section 12any way refer directly or indirectly to its relationship with the Trust, the Portfolios, the Manager or any of their respective affiliates in offering, marketing or other promotional materials without the express written consent of the Manager, except as required by rule, regulation or upon the request of a governmental authority. However, the Adviser may use the performance of the Portfolios in its composite performance.

Appears in 3 contracts

Sources: Investment Advisory Agreement (Eq Advisors Trust), Investment Advisory Agreement (Eq Advisors Trust), Investment Advisory Agreement (Eq Advisors Trust)

Representations. The Optionee Employee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the OptioneeEmployee's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), ) or any rule or regulation under the Securities Act. (ii) The Optionee Employee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee Employee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee Employee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee Employee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee Employee agrees that, if the Company offers for the first time any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee Employee will not, without the prior written consent of the Company, publicly offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition")indirectly, any shares purchased upon exercise of this option for a period of 90 days ninety (90) days, or such longer period as the Company may reasonably require, after the effective date of such registration statement. (vi) The Employee's principal residence is at the address set forth below on the signature page. The Employee shall promptly notify the Company of any change in the Employee's principal residence. By making payment upon any exercise of this option, in whole or in part, the Optionee Employee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 1213.

Appears in 3 contracts

Sources: Notice of Assumption of Options (Webhire Inc), Notice of Assumption of Options (Webhire Inc), Incentive Stock Option Agreement (Network Appliance Inc)

Representations. The Optionee representsIn connection with my exercise of the Option, warrants and covenants thatI hereby represent to the Company as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for I am acquiring the Optionee's account Shares solely for investment onlypurposes, and not with a view to, no present intention of distributing or for sale in connection with, reselling any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), Shares or any rule or regulation under interest therein. I acknowledge that the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Shares have not be been registered under the Securities Act of 1933, as amended (the “Securities Act”). (b) I am aware of the Company’s business affairs and financial condition and have acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Shares. (c) I understand that the Shares are "restricted securities" within ” under applicable U.S. federal and state securities laws and that, pursuant to these laws, I must hold the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of Shares indefinitely unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and qualified by state authorities, or unless an exemption from such registration and qualification requirements is available. I acknowledge that the Company has no obligation or current intention to register or qualify the Shares for resale. I further acknowledge that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of my control, and which the Company is under no obligation to and may not be able to satisfy. (d) I understand that there is no public market for the Shares, that no market may ever develop for them, and that the Shares have not been approved or disapproved by the Securities and Exchange Commission or any shares acquired pursuant other federal, state or other governmental agency. (e) I understand that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the Grant Agreement are incorporated herein by reference. (f) I understand that any Shares purchased hereunder shall be subject to the Stockholders’ Agreement of the Company dated as of February 2, 2006, as it may be amended from time to time (“Stockholders’ Agreement”), a copy of which has been provided to me, and that it is a condition to the exercise of this option under my Option that I execute the Securities Actattached signature page of the Stockholders’ Agreement, agreeing to be bound thereby. I have had a full and fair opportunity to review the Stockholders’ Agreement prior to exercising the Option. (vg) The Optionee agrees thatI understand that the certificate representing the Shares will be imprinted with the following legends: THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, if AS AMENDED, OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THE SECURITIES, REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT AND APPLICABLE STATE SECURITIES LAWS. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF FIRST REFUSAL AND A REPURCHASE RIGHT IN FAVOR OF THE COMPANY OR ITS ASSIGNEE AS SET FORTH IN THE COMPANY’S STOCK OPTION PLAN. SUCH RIGHT OF FIRST REFUSAL AND REPURCHASE RIGHT ARE BINDING ON TRANSFEREES OF THE SHARES REPRESENTED BY THIS CERTIFICATE. THIS CERTIFICATE AND THE SECURITIES REPRESENTED HEREBY ARE HELD SUBJECT TO THE TERMS, COVENANTS AND CONDITIONS OF A STOCKHOLDERS’ AGREEMENT DATED AS OF FEBRUARY 2, 2006, AS SUCH AGREEMENT MAY BE AMENDED, BY AND AMONG THE STOCKHOLDERS OF INDALEX HOLDINGS FINANCE, INC., AND MAY NOT BE TRANSFERRED OR DISPOSED OF EXCEPT IN ACCORDANCE WITH THE TERMS AND PROVISIONS THEREOF. A COPY OF SAID AGREEMENT AND ALL AMENDMENTS THERETO IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY. (h) I have consulted my own tax advisors in connection with my exercise of this Option and I am not relying upon the Company offers for any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent tax advice. (i) I am presently an employee of the Company. Submitted by the Optionholder: Date: By: Print Name: Address: Social Security No. Received and Accepted by the Company: Indalex Holdings Finance, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.Inc. By: Print Name: Title:

Appears in 3 contracts

Sources: Stock Option Grant Agreement (Indalex Holding Corp.), Stock Option Grant Agreement (Indalex Holding Corp.), Stock Option Grant Agreement (Indalex Holding Corp.)

Representations. The Optionee represents, warrants (a) Each Company makes the following representations and covenants thatwarranties to the Security Agent for its own benefit and as security trustee for the benefit of the Secured Parties and acknowledges that the Security Agent and Secured Parties have relied upon those representations and covenants: (i) Any each Company is a duly organised and validly existing private company limited by shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act.laws of England with the corporate power to enter into this Debenture; (ii) The Optionee this Debenture has had been duly authorised by all necessary corporate action on the part of each Company and constitutes a legal and valid agreement binding on each Company, enforceable against each Company in accordance with its terms (except, in any case, as such opportunity as he enforceability may be limited by bankruptcy, insolvency, reorganisation, or she has deemed adequate similar laws affecting creditors’ rights generally and subject to obtain from representatives general principles of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company.equity); (iii) The Optionee all of the tangible Charged Property (i) is able located at the places specified in Schedule 3 (Locations of Charged Property) or any amendment thereto (except with respect to bear goods in transit or with respect to Tangible Moveable Property out for repair), and (ii) is, or when any Company acquires any right, title or interest therein, will be, the economic risk sole property of holding such shares acquired pursuant to the exercise Company, free and clear of this option for an indefinite period.all Liens, except Permitted Liens; (iv) The Optionee understands that the Shares are duly authorised, validly issued and fully paid, represent the whole of the issued share capital of the Canada Goose Services Limited (Acompany number 09601223) and are not subject to any option to purchase or similar rights and the constitutional documents of the company in respect of which the Shares are issued do not and could not restrict or inhibit (whether absolutely, partly, under a discretionary power or otherwise) the shares acquired transfer of the Shares pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock enforcement of the Company and the Company has no obligation security by or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act.Debenture; and (v) the security interest created herein constitutes, under English law, (i) a legal and valid security interest in all of the Charged Property securing the payment and performance of the Secured Obligations, (ii) subject to the making of all necessary registrations of this Debenture, a perfected security interest in all of the Charged Property (to the extent perfection in the Charged Property can be accomplished by such registration) and (iii) subject to the obtaining of control, a perfected security interest in all of the Charged Property (to the extent perfection in the Charged Property can be accomplished by control). The Optionee agrees that, if the Company offers security interest created herein is and shall be prior to any other Lien on any of its Common Stock for sale pursuant the Charged Property, subject only to a registration statement under Permitted Liens. (vi) The representations made by the Securities Act, Companies in this Clause 12 (Representations) are made by the Optionee will not, without Companies on the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise date of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be Debenture and deemed to have reaffirmed, be made by the Companies by reference to the facts and circumstances then existing as of the date of such paymenteach Credit Event in accordance with, and subject to the representations made exceptions set forth in this Section 12the Credit Agreement.

Appears in 3 contracts

Sources: Credit Agreement (Canada Goose Holdings Inc.), Credit Agreement (Canada Goose Holdings Inc.), Credit Agreement (Canada Goose Holdings Inc.)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 1213.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Enterworks Inc), Incentive Stock Option Agreement (Enterworks Inc)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's ’s account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 1933, as amended (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years one-year and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Smart Video Technologies Inc), Incentive Stock Option Agreement (Smart Video Technologies Inc)

Representations. The Optionee represents, Each Shareholder hereby represents and warrants and covenants thatto Parent as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale Such Shareholder owns beneficially (as such term is defined in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act. (ii”)) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives all of the Company Common Shares set forth opposite such information Shareholder’s name on Annex A hereto free and clear of all security interests, liens, proxy or voting restriction, in each case except as set forth in this Agreement. Such shareholder has the sole power to vote or cause to be voted all such Common Shares and except pursuant hereto, there are no options, warrants or other rights, agreements, arrangements or commitments of any character to which such Shareholder is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant a party relating to the exercise pledge, disposition or voting of this option for an indefinite period. (iv) The Optionee understands that (A) any of the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act Original Shares and there are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred no voting trusts or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission voting agreements with respect to any stock of the Original Shares. (b) As of the date hereof, such Shareholder does not beneficially own any Common Shares other than the Original Shares set forth opposite such Shareholder’s name on Annex A hereto. As of the date hereof, such Shareholder does not own or hold any right to acquire any additional Common Shares or shares of any other class of share capital of the Company and or other securities of the Company has no obligation or current intention any interest therein or any voting rights with respect to register any shares acquired pursuant to securities of the exercise of this option under Company other than the Securities ActOriginal Shares. (vc) The Optionee agrees thatIf such Shareholder is an entity, if such Shareholder is duly organized and validly existing under the Company offers laws of its jurisdiction of organization. Such Shareholder has full power and authority to enter into, execute and deliver this Agreement and to perform fully such Shareholder’s obligations hereunder (including the proxy described in Section 2(b) below)). This Agreement has been duly and validly executed and delivered by such Shareholder and assuming the due authorization, execution and delivery of this Agreement by the other parties hereto, constitutes the legal, valid and binding obligation of such Shareholder, enforceable against such Shareholder in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, receivership, conservatorship, moratorium, or similar laws affecting the enforcement of creditors’ rights generally. (d) None of the execution and delivery of this Agreement by such Shareholder, the consummation by such Shareholder of the transactions contemplated hereby or compliance by such Shareholder with any of its Common Stock for sale pursuant the provisions hereof will conflict with or result in a breach, or constitute a default (with or without notice of lapse of time or both) under any provision of, any trust agreement, loan or credit agreement, note, bond, mortgage, indenture, lease or other agreement, instrument or Law applicable to a registration statement under such Shareholder or to such Shareholder's property or assets. (e) Other than compliance by such Shareholder with the Securities applicable requirements of the Exchange Act, no consent, approval or authorization of, or designation, declaration or filing with, any Governmental Entity or other Person on the Optionee will notpart of such Shareholder is required in connection with the valid execution and delivery of this Agreement. If such Shareholder is an individual, without the prior written no consent of the Company, offer, sell, contract such Shareholder's spouse is necessary under any "community property" or other laws in order for such Shareholder to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of enter into and perform its obligations under this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12Agreement.

Appears in 2 contracts

Sources: Voting Agreement (American Financial Group Inc), Voting Agreement (Spachman Alan R)

Representations. The Optionee EDS hereby represents, warrants and covenants thatto Birch First Capital and/or Birch Advisors as follows: (ia) Any There are Fifty Million (50,000,000) shares purchased upon exercise of Common Stock of EDS authorized, of which approximately 25,498,202 Shares of Common Stock are issued and outstanding; with 10,000,000 preferred shares authorized and 0 issued and outstanding; (b) The shares of Common Stock to be issued pursuant to this option shall be acquired for the Optionee's account for investment onlyAgreement are duly authorized, and not with a view towhen issued will be duly and validly issued, fully paid and non-assessable, free and clear of all liens, encumbrances and preemptive and similar rights to subscribe for or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act.purchase securities; (iic) The Optionee has had such opportunity as he or she has deemed adequate to obtain shares will be exempt from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered registration under the Securities Act and are "restricted issuable without any restrictive legend pursuant to an applicable legal opinion letter; (d) EDS has reserved from its duly authorized capital stock a number of shares of Common Stock at least equal to the greater of the number of shares that could be issued pursuant to the terms of this Agreement; (e) If at any time it appears reasonably likely that there may be insufficient authorized shares to fully comply with this Agreement, EDS shall promptly increase its authorized shares to ensure its ability to timely comply with this Agreement; (f) The execution of this Agreement and performance of this Agreement by EDS and Birch First Capital and Birch Advisors will not (1) conflict with, violate or cause a breach or default under any agreements between EDS and any creditor (or any affiliate thereof) related to the account receivables comprising the Claims, or (2) require any waiver, consent, or other action of EDS or any creditor, or their respective affiliates, that has not already been obtained; (g) Without limitation, EDS hereby waives any provision in any agreement related to the account receivables comprising the Claims requiring payments to be applied in a certain order, manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; (h) EDS has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; (i) The execution, delivery and performance of this Agreement by EDS has been duly authorized by all requisite action on the part of EDS and its Board of Directors (including a majority of its independent directors), and this Agreement has been duly executed and delivered by EDS; (j) EDS did not enter into the transaction giving rise to the Claims in contemplation of any sale or distribution of EDS's common stock or other securities" ; (k) There has been no modification, compromise, forbearance, or waiver entered into or given with respect to the Claims, except as contemplated herein. There is no action based on the Claims that is currently pending in any court or other legal venue, except as defined herein, and no judgments based upon the Claims have been previously entered in any legal proceeding; (l) No taxes will be due, payable or withholdable as a result of settlement of the Claims; (m) Birch First Capital nor Birch Advisors was not and within the meaning past ninety (90) days has not been directly or indirectly through one or more intermediaries in control, controlled by, or under common control with, EDS and is not an affiliate of EDS as defined in Rule 144 promulgated under the Securities Act; ; (Bn) such shares cannot be soldTo the best of EDS's knowledge, transferred Birch First Capital nor Birch Advisors is not, directly or otherwise disposed indirectly, utilizing any of unless they are subsequently registered under the Securities Act proceeds received from Birch First Capital or an exemption from registration is then available; (C) Birch Advisors for the Claims to provide any consideration to or invest in any eventmanner in EDS or any affiliate of EDS; (o) EDS has not received any notice (oral or written) from the SEC or Principal Market regarding a halt, an exemption from registration under Rule 144 limitation or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for suspension of trading in the Common Stock; and Birch First Capital nor Birch Advisors will not, adequate information concerning directly or indirectly, receive any consideration from or be compensated in any manner by, EDS, or any affiliate of EDS, in exchange for or in consideration of the Company is then available Claims; (p) EDS represents that none of the services provided, if any, or to be provided which gave rise to the public, Claims were or are services related to promoting EDS's Securities or that may be considered relations services; (q) EDS represents that the Claim being settled pursuant hereto is a bona-fide Claim against EDS and other terms that the written agreements and conditions of Rule 144 promissory note underlying each Claim are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock accurate representations of the Company nature of the debt and/or the amounts owed by EDS to both Birch First Capital and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities ActBirch Advisors, respectively. (vr) The Optionee agrees thatEDS represents and warrants that the Original Note due to Birch First Capital, if as amended, and the Company offers any New Note are both a bona fide debt of its Common Stock for sale pursuant to a registration statement under EDS, that said Original Note is in default, and that the Securities Acttotal amount due and owing on said Original Note is in the amount of USD $300,000, including principal and accrued interest, penalties and late fees and legal fees on the Optionee will notOriginal Note, without and the prior written consent total amount of USD $300,000 of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly New Note (a "Disposition"), any shares purchased upon exercise in the aggregate amount of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, $600,000) as of the date of execution hereof; (s) EDS acknowledges that Birch First Capital, Birch Advisors, or its affiliates may, from time to time, hold outstanding securities of EDS, which may be convertible in shares of EDS's common stock at a floating conversion rate tied to the current market price for the stock. The number of shares of Common Stock issuable pursuant to this Agreement may increase substantially in certain circumstances, including, but not necessarily limited to the circumstance wherein the trading price of the Common Stock declines during the Valuation Period. EDS's executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of EDS has concluded in its good faith business judgment that such paymenttransaction is in the best interests of EDS. EDS specifically acknowledges that its obligation to issue the Settlement Shares is binding upon EDS and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of EDS. The Board of Directors of EDS has further given its consent for each conversion of shares of stock pursuant to this agreement and agrees and consents that same may occur below the par value of EDS 's Common Stock. (t) None of the transactions agreements or proceedings described above is party of a plan or scheme to evade the registration requirements of the Securities Act and both Birch First Capital and Birch Advisors, the representations made respectively, are acting and have acted in this Section 12an arms length capacity.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement (Elite Data Services, Inc.)

Representations. The Optionee Employee represents and warrants to the Company that (a) the Employee has the legal right to enter into this Agreement and to perform all of the obligations on the Employee’s part to be performed hereunder in accordance with its terms, and (b) the Employee is not a party to any agreement or understanding, written or oral, and is not subject to any restriction, which, in 11 either case, could prevent the Employee from entering into this Agreement or performing all of the Employee’s duties and obligations hereunder. In addition, the Employee acknowledges that the Employee is aware of Section 304 (Forfeiture of Certain Bonuses and Profits) of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and the right of the Company to be reimbursed for certain payments to the Employee in compliance therewith. In addition, the Employee hereby represents, warrants and covenants agrees with the Company that: : (i) Any shares purchased upon exercise a portion of the compensation payable to the Employee pursuant to this option shall be acquired Agreement constitutes good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, for the Optionee's account for investment only, covenants and not with a view to, or for sale agreements contained in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. Section 11 and Section 12; (ii) The Optionee has had such opportunity as he the covenants and agreements contained in Section 11 and Section 12 are reasonable, appropriate and suitable in their geographic scope, duration and content; the Employee shall not, directly or she has deemed adequate to obtain from representatives indirectly, raise any issue of the Company reasonableness, appropriateness and suitability of the geographic scope, duration or content of such information as is necessary covenants and agreements in any proceeding to permit enforce such covenants and agreements; and such covenants and agreements shall survive the Optionee to evaluate termination of the merits and risks of his or her investment in Employees employment for the Company. durations set forth therein; (iii) The Optionee is able the enforcement of any remedy under this Agreement will not prevent the Employee from earning a livelihood because the Employee’s past work history and abilities are such that the Employee reasonably can expect to bear the economic risk find work, if he so chooses, in other areas and lines of holding such shares acquired pursuant to the exercise of this option for an indefinite period. business; (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act covenants and agreements stated in Section 11 and Section 12 are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists essential for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied withEmployer’s reasonable protection; and (Dv) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to reasonably relied on these covenants and agreements by the exercise of this option under the Securities ActEmployee. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Employment Agreement (Reunion Hospitality Trust, Inc.), Employment Agreement (Reunion Hospitality Trust, Inc.)

Representations. The Optionee Sub-Adviser represents, warrants and covenants agrees that: (a) The Sub-Adviser: (i) Any shares purchased upon exercise is registered as an investment adviser under the Advisers Act and will continue to be so registered for so long as this Agreement remains in effect; (ii) is not prohibited by the 1940 Act, the Advisers Act or other law, regulation or order from performing the services contemplated by this Agreement; (iii) to the best of its knowledge, has met and will seek to continue to meet for so long as this option shall Agreement remains in effect, any other applicable federal or state requirements, or the applicable requirements of any regulatory or industry self-regulatory agency necessary to be acquired for met in order to perform the Optionee's account for services contemplated by this Agreement; (iv) has the authority to enter into and perform the services contemplated by this Agreement; and (v) will promptly notify the Adviser of the occurrence of any event that would disqualify the Sub-Adviser from serving as an investment onlyadviser of an investment company pursuant to Section 9(a) of the 1940 Act or otherwise. (b) The Sub-Adviser has adopted policies and procedures and a written code of ethics complying with the requirements of Rule 17j-1 under the 1940 Act and Rule 204A-1 under the Advisers Act, and not will provide the Adviser and the Trustees with a view tocopies of such policies and procedures and code of ethics, or for sale together with evidence of its adoption. In accordance with the requirements of Rule 17j-1, the Sub-Adviser shall certify to the Adviser that the Sub-Adviser has complied in connection with, any distribution all material respects with the requirements of Rule 17j-1 during the shares in previous year and that there has been no material violation of the Securities Act Sub-Advisers’s code of 1933 (ethics relating to the "Securities Act")services the Sub-Adviser performs under this Agreement or, or any rule or regulation under if such a material violation has occurred, that appropriate action was taken in response to such violation. Upon the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives written request of the Company such information as is necessary to permit Adviser, the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant Sub-Adviser shall provide to the exercise of this option for an indefinite period. (ivAdviser, its employees or its agents all information required by Rule 17j-1(c)(1) The Optionee understands that (A) the shares acquired pursuant relating to the exercise approval by the Fund’s Trustees of this option will not be registered under the Securities Act and are "restricted securities" within the meaning Sub-Adviser’s code of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available ethics relating to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with services the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of Sub-Adviser performs under this option under the Securities ActAgreement. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Sub Advisory Agreement (Lincoln Variable Insurance Products Trust), Sub Advisory Agreement (Lincoln Variable Insurance Products Trust)

Representations. Each of the Recipients represents and warrants, severally and not jointly, as follows, with respect to herself/himself: the Recipient hereby acknowledges that an investment in the Shares involves certain significant risks. The Optionee representsRecipient acknowledges and hereby agrees that the Shares will not be transferable under any circumstances unless the Shares are registered in accordance with federal and state securities laws or an exemption under such laws is available. The Recipient further acknowledges and hereby agrees that the Shares are subject to restrictions and obligations as set forth in the Subscription Agreement, warrants that portion of such Recipient’s Shares (in an amount as indicated on Annex II hereto) are subject to forfeiture pursuant to the forfeiture provision contained in Section 3.1 thereto, and covenants that: the Insider Letter to be entered into among the Company, the GP Sponsor, IDS III LLC, a Delaware limited liability company, and the other parties thereto, substantially in the form attached as Annex III hereto, and the lock-up provisions therein. The Recipient further understands that any certificates evidencing the Shares bear a legend (ias provided in the Subscription Agreement) Any shares purchased upon exercise of this option shall be acquired referring to the foregoing transfer restrictions. The Shares are being assigned solely for the Optionee's account Recipient’s own account, for investment purposes only, and are not being assigned with a view to, to or for sale in connection withthe resale, distribution, subdivision or fractionalization thereof; and the Recipient has no present plans to enter into any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act")contract, undertaking, agreement or any rule arrangement for such resale, distribution, subdivision or regulation under the Securities Act. (ii) fractionalization. The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee Recipient is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option its investment for an indefinite period. period of time. The Recipient has been given the opportunity to (ivi) The Optionee understands that (A) ask questions of and receive answers from the shares acquired pursuant to GP Sponsor and the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information Company concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; the Shares, and the business and financial condition of the Company and (Dii) there obtain any additional information that the GP Sponsor possesses or can acquire without unreasonable effort or expense that is now no registration statement necessary to assist the Recipient in evaluating the advisability of the receipt of the Shares and an investment in the Company. The Recipient is not relying on file with any oral representation made by any person as to the Company or its operations, financial condition or prospects. The Recipient is an “accredited investor” as defined in Regulation D promulgated by the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any Act of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed1933, as of the date of such payment, the representations made in this Section 12amended.

Appears in 2 contracts

Sources: Securities Assignment Agreement (GP-Act III Acquisition Corp.), Securities Assignment Agreement (GP-Act III Acquisition Corp.)

Representations. The Optionee representsEffective as of the Closing, each Shareholder represents and warrants to Unity Wireless and covenants to NewCo for himself or itself that: (ia) Any Other than as set forth in a schedule to this Instrument, such Shareholder owns the entire record and beneficial interest in his or its shares purchased upon exercise as set forth in Schedule 7(f) to the Agreement, and such shares are free and clear of this option shall all liens, charges, mortgages, pledges, security interests, claims, assessments, options, warrants, rights and encumbrances whatsoever, (b) Except as detailed in Schedule 7(g) to the Agreement, there are no outstanding subscriptions, options, warrants, calls, commitments, convertible securities or other agreements or arrangements of any character or nature whatever under which such Shareholder is or may become obligated to, assign or transfer any shares of Celerica, and there are no rights of first refusal, preemptive rights or similar rights with respect to any such shares. (c) the Preferred Stock and the Merger Common Sock (the “Restricted Securities”) will be acquired by such Shareholder for investment solely for the Optionee's Shareholder’s own account for investment only, and not with a view to, to or for sale the resale or distribution thereof. (d) Such Shareholder has reviewed the risk factors for Unity Wireless that are set forth in connection with, any distribution of the shares in violation of SEC Documents. (e) Such Shareholder understands that the Shareholder may sell or otherwise transfer the Restricted Securities only if such transaction is duly registered under the Securities Act of 1933 1933, as amended (the "Securities Act"), under a registration statement or any rule otherwise, or regulation if Shareholder shall have received the opinion of counsel to the holder, which opinion shall be reasonably satisfactory to counsel to Unity Wireless, to the effect that such sale or other transfer may be made in the absence of registration under the Act, and registration or qualification in every applicable state. The Shareholder agrees to the imprinting of the following legend on certificates representing the Restricted Securities issued or issuable to it: "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD OR TRANSFERRED, DIRECTLY OR INDIRECTLY, WITHOUT A REGISTRATION STATEMENT IN EFFECT OR AN EXEMPTION FROM REGISTRATION." (f) The legend set forth above shall be removed from the Restricted Securities to the extent that the Restricted Securities are sold in accordance with a registration statement that is then in effect under the Act. (iig) The Optionee Such Shareholder realizes that the Restricted Securities are not a liquid investment. (h) Such Shareholder has had such opportunity not relied upon the advice of a “Purchaser Representative” (as he or she has deemed adequate to obtain from representatives defined in Regulation D of the Company such information as is necessary to permit Act) in evaluating the Optionee to evaluate risks and merits of the merits and risks of his or her investment in the Companyequity securities of the Unity Wireless, and that it has the knowledge and experience to evaluate Unity Wireless and the risks and merits relating thereto. (iiii) The Optionee Such Shareholder is either (i) an accredited investor as such term is defined in Rule 501 of Regulation D promulgated pursuant to the Act or (ii) a person who is a non-United States person who is not and has not been a US citizen or US resident within the meaning of Regulation S of the Act, and shall be such on the date any securities are issued to the holder. (j) Such Shareholder is able to bear the economic risk of holding such shares acquired pursuant to losing Shareholder’s entire investment in the exercise of this option for an indefinite period. (iv) The Optionee securities and understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) investment in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities ActUnity Wireless involves substantial risks. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Merger Agreement (Unity Wireless Corp), Shareholders' Instrument (Unity Wireless Corp)

Representations. The Optionee representsIn connection with my exercise of the Option, warrants and covenants thatI hereby represent to the Company as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for I am acquiring the Optionee's account Shares solely for investment onlypurposes, and not with a view to, no present intention of distributing or for sale in connection with, reselling any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), Shares or any rule or regulation under interest therein. I acknowledge that the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Shares have not be been registered under the Securities Act of 1933, as amended (the “Securities Act”). (b) I am aware of the Company’s business affairs and financial condition and have acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Shares. (c) I understand that the Shares are "restricted securities" within ” under applicable U.S. federal and state securities laws and that, pursuant to these laws, I must hold the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of Shares indefinitely unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and qualified by state authorities, or unless an exemption from such registration and qualification requirements is available. I acknowledge that the Company has no obligation or current intention to register or qualify the Shares for resale. I further acknowledge that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of my control, and which the Company is under no obligation to and may not be able to satisfy. (d) I understand that there is no public market for the Shares, that no market may ever develop for them, and that the Shares have not been approved or disapproved by the Securities and Exchange Commission or any shares acquired pursuant other federal, state or other governmental agency. (e) I understand that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the Grant Agreement are incorporated herein by reference. (f) I understand that any Shares purchased hereunder shall be subject to the Stockholders’ Agreement of the Company dated as of December 8, 2005, as it may be amended from time to time (“Stockholders’ Agreement”) a copy of which has been provided to me, and that it is a condition to the exercise of this option under my Option that I execute the Securities Actattached signature page of the Stockholders’ Agreement, agreeing to be bound thereby. I have had a full and fair opportunity to review the Stockholders’ Agreement prior to exercising the Option. (vg) The Optionee agrees thatI understand that the certificate representing the Shares will be imprinted with the following legends: THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, if AS AMENDED, OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THE SECURITIES, REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT AND APPLICABLE STATE SECURITIES LAWS. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF FIRST REFUSAL AND A REPURCHASE RIGHT IN FAVOR OF THE COMPANY OR ITS ASSIGNEE AS SET FORTH IN THE COMPANY’S STOCK OPTION PLAN. SUCH RIGHT OF FIRST REFUSAL AND REPURCHASE RIGHT ARE BINDING ON TRANSFEREES OF THE SHARES REPRESENTED BY THIS CERTIFICATE. THIS CERTIFICATE AND THE SECURITIES REPRESENTED HEREBY ARE HELD SUBJECT TO THE TERMS, COVENANTS AND CONDITIONS OF A STOCKHOLDERS’ AGREEMENT DATED AS OF DECEMBER 8, 2005, AS SUCH AGREEMENT MAY BE AMENDED, BY AND AMONG THE STOCKHOLDERS OF CPG FINANCE, INC., AND MAY NOT BE TRANSFERRED OR DISPOSED OF EXCEPT IN ACCORDANCE WITH THE TERMS AND PROVISIONS THEREOF. A COPY OF SAID AGREEMENT AND ALL AMENDMENTS THERETO IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY. (h) I have consulted my own tax advisors in connection with my exercise of this Option and I am not relying upon the Company offers for any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent tax advice. (i) I am presently an employee of the Company, offer, sell, contract or my employment has been terminated involuntarily or due to sell death or otherwise dispose of, directly or indirectly Disability (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after as defined in the effective date of such registration statement. By making payment upon exercise of this option, Plan) within the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12past 30 days.

Appears in 2 contracts

Sources: Stock Option Grant Agreement (Exopack Holding Corp), Stock Option Grant Agreement (Exopack Holding Corp)

Representations. The Optionee represents(a) It is acquiring the Securities for its own account, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account not as nominee or agent, for investment only, and not with a view to, or for sale resale in connection with, any distribution or public offering thereof within the meaning of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (iib) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives It understands that (i) the Securities have not been registered under the 1933 Act by reason of the Company such information as is necessary to permit the Optionee to evaluate the merits a specific exemption therefrom, that they must be held by it indefinitely, and risks of his or her investment in the Company. (iii) The Optionee is able to that it must, therefore, bear the economic risk of holding such shares acquired investment indefinitely, unless a subsequent disposition thereof is registered under the 1933 Act or is exempt from such registration; (ii) the Debentures, the Shares, the Loan Facility, the Debenture Warrants, and each certificate representing the Underlying Common Stock will be endorsed with the following legend: "THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS PURSUANT TO SEC RULE 144 OR RULE 144A OR THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT COVERING SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE SECURITIES REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE 1933 ACT." and (iii) the Company will instruct any transfer agent not to register the transfer of any of the Shares, the Loan Facility, the Debentures, the Debenture Warrants or the Underlying Common Stock unless the conditions specified in the foregoing legend are satisfied; provided, however, that no such opinion of counsel shall be necessary if the sale, transfer or assignment is made pursuant to SEC Rule 144 or Rule 144A and Purchaser provides the exercise Company with evidence reasonably satisfactory to the Company and its counsel that the proposed transaction satisfies the requirements of this option for an indefinite periodRule 144 or Rule 144A. The Company agrees to remove the foregoing legend from any securities if the requirements of SEC Rule 144(k) (or any successor rule or regulation) apply with respect to such securities and the Company and its counsel are provided with reasonably satisfactory evidence that the requirements of Rule 144(k) apply. (ivc) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will It has not be registered under been offered the Securities Act and are by any form of advertisement, articles, notice or other communication published in any newspaper, magazine or similar media or broadcast over television or radio. (d) It is an "restricted securitiesaccredited investor" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed 501 of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock Regulation D of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities 1933 Act. (ve) The Optionee agrees that, if It was not formed for the Company offers any specific purpose of its Common Stock for sale pursuant to a registration statement under acquiring the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12offered hereunder.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Ward North America Holding Inc), Securities Purchase Agreement (Anchor Pacific Underwriters Inc)

Representations. The Optionee represents, warrants warrants, covenants and covenants agrees that: (i) Any shares purchased upon exercise of this option shall be The Option has been, and any Exercise Shares will be, acquired for the Optionee's account for investment only, only and not with a view to, or for sale in connection with, any distribution thereof. The Optionee agrees that the Optionee will not, directly or indirectly, offer, transfer, sell, pledge, hypothecate or otherwise dispose of all or any part of the shares Option or any Exercise Shares (or solicit offers to buy, purchase or otherwise acquire or take a pledge of all or any part of the Option or any Exercise Shares), except in violation of compliance with the Securities Act of 1933 (the "Securities Act")) and any applicable rules and regulations thereunder, or any rule or regulation under the Securities Actand in compliance with applicable state securities laws. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares Shares acquired pursuant to the exercise of this option the Option for an indefinite period. (iv) The Optionee understands that (A) the shares Exercise Shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares Shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an the exemption from registration under Rule 144 or otherwise under the Securities Act will not be available for at least two years one year after issuance of the Exercise Shares, and even then will not be available unless a public market then exists for the Common StockShares, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option Exercise Shares under the Securities Act. (v) The Optionee agrees that, if the Company offers In respect of any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares Option Shares purchased upon exercise of this option for a period all or any part of 90 days after the effective date of such registration statementOption, the Optionee shall be entitled to the rights and subject to the obligations created under the Stockholders Agreement to the extent set forth therein. By making payment upon exercise of this optionthe Exercise Price, the Optionee shall be deemed to have remade and reaffirmed, as of the date Exercise Date, all of such paymentthe representations, the representations warranties, covenants and agreements made in this Section 128.

Appears in 2 contracts

Sources: Stock Option Agreement (GT Solar International, Inc.), Stock Option Agreement (GT Solar International, Inc.)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option Option shall be acquired for the Optionee's ’s account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 1933, as amended (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option Option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option Option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years one year and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option Option under the Securities Act. (v) The Optionee’s principal residence is at the address set forth below on the signature page. The Optionee agrees that, if shall promptly notify the Company offers of any of its Common Stock for sale pursuant to a registration statement under change in the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statementOptionee’s principal residence. By making payment upon any exercise of this optionOption, in whole or in part, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Winston Pharmaceuticals, Inc.), Non Qualified Stock Option Agreement (Winston Pharmaceuticals, Inc.)

Representations. The Optionee representsEach of the Vendor and the Company jointly and severally represent and warrant to the Purchaser (and acknowledge that the Purchaser is relying upon such representations and warranties in entering into this Agreement and completing the transactions contemplated hereby) that except as disclosed in Schedule "B" attached hereto: (a) the Company is duly incorporated and organized, warrants validly subsisting and covenants that:in good standing under the laws of the Province of Alberta; (b) the authorized capital of the Company consists of an unlimited number of Class A voting shares and an unlimited number of Class B non-voting shares of which 100 Class A shares are validly issued and outstanding as fully paid and non-assessable as of the date hereof, and there are no other shares of the Company issued and outstanding; (c) all the issued and outstanding shares in the capital of the Company are duly authorized, validly issued, fully paid, non-assessable and issued in compliance with all applicable corporate, securities and other laws; (d) the Vendor is the legal and beneficial owner of the Shares, holds such Shares free and clear of any and all liens, adverse claims, charges, pledges, hypothecations and encumbrances whatsoever; (e) the Vendor has full and absolute right, power and authority to enter into this Agreement on the terms and conditions herein set forth and to transfer the legal and beneficial title and ownership of the Shares to the Purchaser as contemplated hereby; (f) no person, firm or corporation has any agreement or option or a right capable of becoming an agreement or option for the purchase of any of the Shares or for the purchase of any of the unissued shares in the capital stock of the Company except as disclosed in Schedule "B" attached hereto; (g) there are no shareholders agreements, proxies, voting trust agreements or similar agreements among the Vendor or any other parties with respect to the Shares; (h) the Vendor is not acting as nominee, agent, trustee, executor, administrator or other legal representative of any person in the sale of the Shares hereunder; (i) Any shares purchased upon exercise neither the Vendor nor the company have agreed to pay any finder=s fee or commissions in connection with the sale of the Shares contemplated by this Agreement for which the Purchaser or the Company shall have any obligation or liability; (j) the Company has full power and authority to enter into and perform its obligations under this Agreement; (k) the execution and delivery of this option shall be acquired for Agreement has been duly authorized by the Optionee's account for investment only, Company and not with constitutes a view to, or for sale in connection with, any distribution valid and binding obligation of the shares Company enforceable in accordance with its terms, subject to the qualification that enforceability may be limited by bankruptcy, insolvency or similar laws affecting creditors' rights generally and to the extent that remedies of specific performance and injunction, being equitable remedies, may only be granted in the discretion of the court having jurisdiction; (l) the performance of this Agreement will not be in violation of the Securities Act Articles, Bylaws or other constating documents of 1933 the Company or of any agreement to which the Vendor or the Company is a party and will not give any person, firm or corporation any right to terminate or cancel any agreement or any right enjoyed by the Company nor result in the creation or imposition of any lien, encumbrance or restriction of any nature whatsoever in favour of any third party upon or against the assets of the Company; (m) the Company has the corporate power to own the Property owned by it and to carry on the business carried on by it and is duly qualified or licensed to carry on business in every jurisdiction in which the character of the Property and assets owned by the Company or the nature of the business conducted by the Company requires the Company to be so licensed or qualified; (n) the Company has good and marketable title to the Property and assets owned and used by it free and clear of any mortgage, pledge, deed of trust, lien, conditional sale agreement, encumbrance, security interest, charge or adverse claim whatsoever, except as disclosed in Schedule "Securities Act")B" hereto; (o) the Company does not carry on business in any jurisdiction other than Alberta and is not extra-provincially registered in any jurisdiction; (p) the Company is not a party to, or any rule of its Property or regulation under assets bound or affected by any contract, agreement, deed, instrument or other document, including any agreement of guarantee, indemnification or other like commitment, whereby the Securities Act.Company may be held liable for the obligations, liabilities, contingent or otherwise, or indebtedness of any other person, firm or corporation; (iiq) The Optionee has had such opportunity as he there are no actions, suits, claims or she has deemed adequate to obtain from representatives proceedings, whether or not purportedly on behalf of the Company, pending or in existence or threatened against or affecting the Company such information as at law or in equity or before or by any federal ,provincial, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign and there is necessary to permit not now outstanding any order, writ, injunction or judgment of any court, administrative agency or governmental body or arbitration tribunal issued and directed against the Optionee to evaluate Company or any of its properties, assets, businesses or prospects or against any of the merits and risks of his or her investment in the Company.Shares; (iiir) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available not in material breach of any laws, ordinances, statutes, regulations, by-laws, orders or decrees to which it is subject or which apply to it; (s) the public, and other terms and conditions of Rule 144 are complied with; and (D) there Company is now no registration statement on file with the Securities and Exchange Commission with respect not a party to any stock collective agreement with any labour union or other association of the Company employees and the Company has no obligation contract with any employee, officer, officer, professional advisor or current intention other individual which cannot be lawfully terminated without recourse by the other party or parties thereto on not more than thirty (30) days' notice; (t) the Company is not a party to register any shares acquired pursuant material written or oral agreement respecting cessation of employment or compensation therefor, nor does it have any officers, employees or consultants who may be dismissed except on less than one month's prior notice, or payment in lieu thereof; (u) the Company is not in default or breach of any contracts, agreements, indentures, leases or other instruments to which it is a party or by which it is bound, which default or breach could, if acted upon by the exercise party or parties legally entitle to do so, materially, adversely affect the business operations, assets or financial condition of this option under the Securities Act.Company, and all contracts, agreements, indentures and leases to which the Company is a party are listed in Schedule "B" hereto; (v) The Optionee agrees thatto the best of the Vendor=s knowledge, if all facts relating to the Company offers or to its business, operations, assets or financial conditions that are known or which on reasonably enquiry ought to be known, to the Vendor and that are material to the business, operations, assets or financial condition of the Company have been disclosed to the Purchaser; (w) all material transactions of the Company have been promptly and properly recorded or filed in or with its books and records, and the record book of the Company contains complete and accurate minutes and records of all meetings and proceedings of and resolutions passed by the shareholders and the directors of the Company since its incorporation and all such meetings were duly called and held; (x) the Vendor is not aware of any event or occurrence which has had, or might reasonably be expected to have, a material adverse effect on the business of the Company or the results of any of its Common Stock operations; (y) the Company has duly and timely filed all Canadian, local and foreign tax returns, reports, declarations and other similar reports required to be filed by it and all liabilities for sale pursuant taxes, assessments and other governmental charges (including installments on account of such taxes, assessments and charges and any interest or bounties thereon) upon all or any of the income of the Company or its assets which were required to be paid on or before the date hereof, have been duly paid or satisfied on or before their respective due dates and all liabilities for taxes, assessments or other governmental charges which fall due and become payable prior to closing will have been fully paid prior to the Closing Date; (z) the Company has not entered into any long term leases or other long term contracts of a registration statement under material nature, except as disclosed in Schedule "B"; (aa) the Securities Act, Company's Financial Statements have been prepared in accordance with generally accepted accounting principles applied on a consistent basis and truly and accurately reflect the Optionee will not, without financial position of the prior written consent Company as of the last day of the period for which they were prepared and since that time and except as disclosed in Schedule "B" hereto; i) there has been no material adverse change in the financial position or condition of the Company, offernor any damage, sellloss or other change in any circumstances materially affecting the business, contract operations or properties of the Company; ii) the Company has not waived or surrendered any right of material value; iii) the Company has not discharged, satisfied or paid any lien, encumbrance, obligation or liability other than current liabilities of the Company incurred in the ordinary course of business; and iv) the business of the Company has been carried on in the ordinary course. (bb) the Company has no liabilities of any sort except as disclosed in the Company=s Financial Statements or Schedule "B" hereto; (cc) neither the Vendor nor members of his family nor any corporation controlled by the Vendor or members of his family owns any property or assets which are used by the Company; (dd) the names of directors and officers of the Company are as follows: ▇▇▇▇▇ ▇▇▇▇▇▇ - President, Secretary and Director; (ee) the Company maintains such insurance against loss or damage to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option its assets and with respect to public liability as is reasonably prudent for a period of 90 days after company such as the effective date of such registration statement. By making payment upon exercise of this optionCompany; (ff) the Company has not entered into any non-disclosure, confidentiality, non-competition or similar agreement or arrangement with any person, firm or corporation; (gg) the Optionee shall be deemed Company is not indebted or under any financial obligation to have reaffirmedthe Vendor, as or to any directors, officers, employees, shareholders and other insiders of the date Company whatsoever; (hh) neither the Vendor nor any present or former officer, director, employee or shareholder of such paymentthe Company is now indebted or under any financial obligation to the Company on any account whatsoever; (ii) the Vendor is not a non-resident of Canada as provided in the Income Tax Act (Canada); (jj) the Company has no outstanding options to purchase shares, the representations made in this Section 12.management agreements or credit cards;

Appears in 2 contracts

Sources: Share Purchase Agreement (Scout Exploration, Inc), Share Purchase Agreement (Scout Exploration, Inc)

Representations. The Optionee representsEach Member, by executing this Agreement, hereby represents and warrants to the Company and covenants thatto each Member that such Member: (ia) Any shares purchased upon exercise Is aware that the acquisition of this option shall be acquired their Membership Interest in the Company has not been registered under the Securities Act of 1933, as amended, or registered or qualified under the securities laws of any state; (b) Is acquiring the Membership Interest in their own name and solely for their own account (or for a trust account if a trustee) and not for the Optionee's account of any other person; (c) Is acquiring their Membership Interest for the purpose of investment only, and not with a view to, to or for sale in connection with, with any distribution of such Membership Interest; (d) Understands that any Disposition of their Membership Interest is limited by this Agreement and in any event may not be effected unless the shares Disposition is registered and qualified under applicable securities laws, or is eligible for an exemption from registration and qualification, and, except as expressly provided otherwise herein, that no understanding has been made with regard to registering or qualifying such Membership Interest in violation of the future; (e) Understands that any certificate or other document which evidences their Membership Interest in the Company may bear one or more restrictive legends stating that the Membership Interest evidenced therein has not been registered under the Securities Act of 1933 (the "Securities Act")1933, as amended or qualified under any rule or regulation under the Securities Act.securities laws; (iif) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Is capable of the Company such information as is necessary to permit the Optionee to evaluate evaluating, through their own knowledge and experience in financial and business matters, the merits and risks of his or her this investment and of protecting their own interest in the Company.connection with this investment; (iiig) The Optionee is Is able to bear the economic risk of holding such shares acquired pursuant to the exercise loss of this option for an indefinite period.their Membership Interest; (ivh) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Has not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred seen or otherwise disposed of unless they are subsequently registered under the Securities Act received any advertisement or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission general solicitation with respect to the sale of the Membership Interest; (i) Acknowledges that the Company has given him the opportunity to obtain any stock information and ask questions concerning the Company, Membership Interest in the Company, and their investment, and to the extent that he or she availed himself or herself of that opportunity, he or she has received from the Company satisfactory information and answers; and (j) Acknowledges that the Company and each Member are relying on the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Actforegoing representations. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Operating Agreement (Baywood International Inc), Operating Agreement (Ethanex Energy, Inc.)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 1214.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Open Solutions Inc), Non Qualified Stock Option Agreement (Open Solutions Inc)

Representations. 4.1 The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise offer of this option shall be acquired for Agreement by the Optionee's account for investment only, and Borrower was not with a view to, made to the Lender or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from its representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear United States and, at the economic risk of holding such shares acquired pursuant time the Lender's buy order was made to the exercise of this option for an indefinite period.Lender, the Lender and its representatives were outside the United States; (iv4.2 The Lender is not a U.S. Person, as defined in Rule 902(k) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (Dl) there is now no registration statement on file with (copies attached) of Regulation S as promulgated by the U.S. Securities and Exchange Commission with respect ("SEC"); 4.3 The Lender is not and will not be purchasing the Note or any Shares for the account or benefit of any U.S. Person; 4.4 The activities of the Lender contemplated hereunder are not part of any scheme to avoid the registration requirements of the U.S. Securities Act; 4.5 The Lender has no intention to distribute, and shall not transfer, either directly or indirectly, any interest in this Agreement, the Note or the Shares to any stock of person within the Company and the Company has no obligation United States or current intention to register any shares acquired U.S. persons except pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a an effective registration statement under the U.S. Securities Act, or an exemption therefrom; 4.6 The Lender agrees that any resale of any interest in this Agreement, the Optionee Note and any Shares will notbe made only in accordance with the provisions of SEC Regulation S, without pursuant to registration under the prior written consent of U.S. Securities Act and applicable state securities laws, or pursuant to an available exemption from such registration, and agrees not to engage in hedging transactions with regard to the CompanyBorrower's securities unless incompliance with the U.S. Securities Act; 4.7 all certificates evidencing the Lender's interests in the Note and underlying Shares shall bear the following legend, offerto which this Agreement is also subject: "THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 (THE "ACT") OR APPLICABLE STATE SECURITIES LAWS, sellAND THE TRANSFER THEREOF IS PROHIBITED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE ACT, contract PURSUANT TO REGISTRATION UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT"; 4.8 All certificates evidencing the Lender's Note shall also bear the following legend: "THIS NOTE AND ANY SHARES TO BE ISSUED UPON ITS CONVERSION HAVE NOT BEEN REGISTERED UNDER THE ACT, AND THIS NOTE MAY NOT BE EXERCISED BY OR ON BEHALF OF ANY U.S. PERSON UNLESS REGISTERED UNDER THE ACT OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. EACH PERSON EXERCISING THIS NOTE WILL BE REQUIRED TO GIVE: (A) WRITTEN CERTIFICATION THAT IT IS NOT A U.S. PERSON AND THE NOTE IS NOT BEING EXERCISED ON BEHALF OF A U.S. PERSON; OR (B) A WRITTEN OPINION OF COUNSEL, REASONABLY SATISFACTORY TO THE COMPANY, TO THE EFFECT THAT THE NOTE AND THE SECURITIES DELIVERED UPON EXERCISE THEREOF HAVE BEEN REGISTERED UNDER THE ACT OR ARE EXEMPT FROM REGISTRATION THEREUNDER." 4.9 The Lender and the Borrower hereby agree that the Borrower shall not be bound by, and shall refuse to sell or otherwise dispose of, directly or indirectly (a "Disposition")register, any shares purchased upon exercise transfer of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this optionAgreement, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations Note and any Shares not made in this Section 12accordance with the provisions of Regulation S, pursuant to registration under the U.S. Securities Act and applicable state securities laws, or pursuant to an available exemption from such registration.

Appears in 2 contracts

Sources: Convertible Loan Agreement (Dicom Imaging Systems Inc), Convertible Loan Agreement (Dicom Imaging Systems Inc)

Representations. The Optionee representsIn connection with my exercise of the Option, warrants and covenants thatI hereby represent to the Company as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for I am acquiring the Optionee's account Shares solely for investment onlypurposes, and not with a view to, no present intention of distributing or for sale in connection with, reselling any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), Shares or any rule or regulation under interest therein. I acknowledge that the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Shares have not be been registered under the Securities Act of 1933, as amended (the “Securities Act”). (b) I am aware of the Company’s business affairs and financial condition and have acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Shares. (c) I understand that the Shares are "restricted securities" within ” under applicable U.S. federal and state securities laws and that, pursuant to these laws, I must hold the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of Shares indefinitely unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and qualified by state authorities, or unless an exemption from such registration and qualification requirements is available. I acknowledge that the Company has no obligation or current intention to register or qualify the Shares for resale. I further acknowledge that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of my control, and which the Company is under no obligation to and may not be able to satisfy. (d) I understand that there is no public market for the Shares, that no market may ever develop for them, and that the Shares have not been approved or disapproved by the Securities and Exchange Commission or any shares acquired pursuant other federal, state or other governmental agency. (e) I understand that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the Grant Agreement are incorporated herein by reference. (f) I understand that any Shares purchased hereunder shall be subject to the Stockholders’ Agreement of the Company dated as of , as it may be amended from time to time (“Stockholders’ Agreement”), a copy of which has been provided to me, and that it is a condition to the exercise of this option under my Option that I execute the Securities Actattached signature page of the Stockholders’ Agreement, agreeing to be bound thereby. I have had a full and fair opportunity to review the Stockholders’ Agreement prior to exercising the Option. (vg) The Optionee agrees thatI understand that the certificate representing the Shares will be imprinted with the following legends: THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, if AS AMENDED, OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THE SECURITIES, REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT AND APPLICABLE STATE SECURITIES LAWS. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF FIRST REFUSAL AND A REPURCHASE RIGHT IN FAVOR OF THE COMPANY OR ITS ASSIGNEE AS SET FORTH IN THE COMPANY’S STOCK OPTION PLAN. SUCH RIGHT OF FIRST REFUSAL AND REPURCHASE RIGHT ARE BINDING ON TRANSFEREES OF THE SHARES REPRESENTED BY THIS CERTIFICATE. THIS CERTIFICATE AND THE SECURITIES REPRESENTED HEREBY ARE HELD SUBJECT TO THE TERMS, COVENANTS AND CONDITIONS OF A STOCKHOLDERS’ AGREEMENT DATED AS OF , AS SUCH AGREEMENT MAY BE AMENDED, BY AND AMONG THE STOCKHOLDERS OF MATTRESS HOLDING CORP., AND MAY NOT BE TRANSFERRED OR DISPOSED OF EXCEPT IN ACCORDANCE WITH THE TERMS AND PROVISIONS THEREOF. A COPY OF SAID AGREEMENT AND ALL AMENDMENTS THERETO IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY. (h) I have consulted my own tax advisors in connection with my exercise of this Option and I am not relying upon the Company offers for any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent tax advice. (i) I am presently an employee of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after . [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] Submitted by the effective date of such registration statementOptionholder: Date: By: Print Name: Address: Social Security No. By making payment upon exercise of this option, Received and Accepted by the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.Company: Mattress Holding Corp. By: Print Name: Title:

Appears in 2 contracts

Sources: Stock Option Grant Agreement (Mattress Holding Corp.), Stock Option Grant Agreement (Mattress Holding Corp.)

Representations. 7.1. The Optionee represents, Holder represents and warrants and covenants that: to the Company as follows: (i) Any shares purchased upon exercise the Holder understands that the Warrant and the Warrant Shares have not been registered under the Securities Act by reason of this option shall be acquired for their issuance in a transaction exempt from the Optionee's account for investment only, registration and not with a view to, or for sale in connection with, any distribution of the shares in violation pros-pectus delivery requirements of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. ; (ii) The Optionee the Holder has had such opportunity as he or she has deemed adequate to obtain from representatives knowledge and experience in financial and business matters that it is capable of the Company such information as is necessary to permit the Optionee to evaluate evaluating the merits and risks of his or her investment the purchase of this Warrant and the Warrant Shares, and of protecting its interests in the Company. connection therewith; (iii) The Optionee the Holder is able to bear the economic risk of holding such shares acquired the purchase of the Warrant Shares pursuant to the exercise terms of this option for an indefinite periodWarrant. 7.2. The Company represents and warrants to the Holder as follows: (ivi) The Optionee understands that this Warrant has been duly authorized and executed by the Company and is a valid and binding obligation of the Company enforceable in accordance with its terms; (Aii) the shares acquired pursuant Warrant Shares (and the Ordinary Shares into which such Warrant Shares are convertible) are duly authorized and reserved for issuance by the Company and, when issued in accordance with the terms hereof, will be validly issued, fully paid (subject to the full payment of the exercise of this option will price, or valid net issuance exercise, by the Holder) and non-assessable and not be registered under subject to any third party rights or liens except for any liens created by the Securities Act Holder to whom such Warrant Shares are issued and are "restricted securities" within except for those restrictions on transfer set forth in the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied withAmended Articles; and (Diii) there is now no registration statement on file with the Securities execution and Exchange Commission with respect to any stock delivery of this Warrant are not, and the issuance of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased Warrant Shares upon exercise of this option for Warrant in accordance with the terms hereof and the issuance of the Ordinary Shares into which such Warrant Shares are convertible in accordance with the terms hereof and the Amended Articles, will not be, inconsistent with the Company’s governing documents, do not and will not conflict with or contravene any, and will be issued in compliance with all applicable laws, and do not and will not conflict with or contravene any provision of, or constitute a period default under, any indenture, mortgage, contract or other instrument of 90 days after which the effective date of such registration statement. By making payment upon exercise of this optionCompany is a party or by which it is bound or require the consent or approval of, the Optionee shall be deemed to have reaffirmed, as giving of the date of such paymentnotice to, the representations made registration with or the taking of any action in this Section 12respect of or by, any government authority or agency or other person, other than those consents or approvals that shall have been previously obtained and reports of issuance to the Israeli Registrar of Companies and to NATI (if applicable).

Appears in 2 contracts

Sources: Warrant Agreement (Gamida Cell Ltd.), Warrant Agreement (Gamida Cell Ltd.)

Representations. The Optionee representsIn connection with my exercise of the Option, warrants and covenants thatI hereby represent to the Company as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for I am acquiring the Optionee's account Shares solely for investment onlypurposes, and not with a view to, no present intention of distributing or for sale in connection with, reselling any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), Shares or any rule or regulation under interest therein. I acknowledge that the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Shares have not be been registered under the Securities Act of 1933, as amended (the “Securities Act”). (b) I am aware of the Company’s business affairs and financial condition and have acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Shares. (c) I understand that the Shares are "restricted securities" within ” under applicable U.S. federal and state securities laws and that, pursuant to these laws, I must hold the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of Shares indefinitely unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and qualified by state authorities, or unless an exemption from such registration and qualification requirements is available. I acknowledge that the Company has no obligation or current intention to register or qualify the Shares for resale. I further acknowledge that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of my control, and which the Company is under no obligation to and may not be able to satisfy. (d) I understand that there is no public market for the Shares, that no market may ever develop for them, and that the Shares have not been approved or disapproved by the Securities and Exchange Commission or any shares acquired pursuant other federal, state or other governmental agency. (e) I understand that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the Grant Agreement are incorporated herein by reference. (f) I understand that any Shares purchased hereunder shall be subject to the Stockholders’ Agreement of the Company dated as of December 8, 2005, as it may be amended from time to time (“Stockholders’ Agreement”), a copy of which has been provided to me, and that it is a condition to the exercise of this option under my Option that I execute the Securities Actattached signature page of the Stockholders’ Agreement, agreeing to be bound thereby. I have had a full and fair opportunity to review the Stockholders’ Agreement prior to exercising the Option. (vg) The Optionee agrees thatI understand that the certificate representing the Shares will be imprinted with the following legends: THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, if AS AMENDED, OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THE SECURITIES, REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT AND APPLICABLE STATE SECURITIES LAWS. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF FIRST REFUSAL AND A REPURCHASE RIGHT IN FAVOR OF THE COMPANY OR ITS ASSIGNEE AS SET FORTH IN THE COMPANY’S STOCK OPTION PLAN. SUCH RIGHT OF FIRST REFUSAL AND REPURCHASE RIGHT ARE BINDING ON TRANSFEREES OF THE SHARES REPRESENTED BY THIS CERTIFICATE. THIS CERTIFICATE AND THE SECURITIES REPRESENTED HEREBY ARE HELD SUBJECT TO THE TERMS, COVENANTS AND CONDITIONS OF A STOCKHOLDERS’ AGREEMENT DATED AS OF DECEMBER 8, 2005, AS SUCH AGREEMENT MAY BE AMENDED, BY AND AMONG THE STOCKHOLDERS OF CPG FINANCE, INC., AND MAY NOT BE TRANSFERRED OR DISPOSED OF EXCEPT IN ACCORDANCE WITH THE TERMS AND PROVISIONS THEREOF. A COPY OF SAID AGREEMENT AND ALL AMENDMENTS THERETO IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY. (h) I have consulted my own tax advisors in connection with my exercise of this Option and I am not relying upon the Company offers for any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent tax advice. (i) I am presently an employee of the Company, offeror my employment has been terminated involuntarily or due to death or Disability (as defined in the Plan) within the past 30 days. Submitted by the Optionholder: Date: By: Print Name: Address: Social Security No. Received and Accepted by the Company: CPG Finance, sellInc. By: Print Name: Title: Note: If options are being exercised on behalf of a deceased Plan participant, contract to sell or otherwise dispose of, directly or indirectly (then this Notice must be signed by such participant’s personal representative and must be accompanied by a "Disposition"), any shares purchased upon exercise of certificate issued by an appropriate authority evidencing that the individual signing this option for a period of 90 days after Notice has been duly appointed and is currently serving as the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12participant’s personal representative under applicable local law governing decedents’ estates.

Appears in 2 contracts

Sources: Stock Option Grant Agreement (Exopack Holding Corp), Stock Option Grant Agreement (Exopack Holding Corp)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's ’s account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 1933, as amended (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years one year and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 1211.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Avalon Pharmaceuticals Inc), Non Qualified Stock Option Agreement (Avalon Pharmaceuticals Inc)

Representations. The Optionee Company hereby represents, warrants and covenants thatto SPC as follows: a. There are 500 million (i500,000,000) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information authorized as is necessary of July 3, 2025, of which approximately Two Million Sixty-One Thousand Seven Hundred and Seventy-Nine (2,061,779) Shares of Common Stock are issued and outstanding as of July 3, 2025; and Four Hundred Ninety-Seven Million (497,938,221) Shares of Common Stock are available for issuance pursuant hereto; b. The shares of Common Stock to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid and non-assessable, free and clear of this option all liens, encumbrances and preemptive and similar rights to subscribe for an indefinite period.or purchase securities; (iv) c. The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered exempt from registration under the Securities Act and issuable without any restrictive legend; d. The Company shall initially reserve from its duly authorized capital stock a number of shares of Common Stock at least equal to two times the greater of the number of shares that could be issued pursuant to the terms of the Order and that Company shall initially reserve at its transfer agent, at a minimum, One Million Six Hundred Thousand (1,600,000) shares during the Valuation Period in order to ensure that it can properly carry out the terms of this agreement, which may only be released to Company once all of the Settlement Shares and Settlement Fee Shares have been delivered and converted pursuant to this agreement and Company’s obligations are "restricted otherwise fully satisfied or there has otherwise been a default pursuant to the terms of this agreement; of this reserve amount, SPC plans on converting this Settlement into that number of shares and in many instances more shares, should the price go down. In the event that Company effectuates a reverse split of Company’s Common Stock while any obligations are owed to SPC pursuant to this Agreement by Company, then the reserve shares shall be proportionately adjusted; e. If at any time it appears reasonably likely that there may be insufficient authorized shares and/or reserve shares to fully comply with the Order, Company shall promptly increase its authorized shares and/or reserve shares to ensure its ability to timely comply with the Order; f. As of the date of this agreement the execution of this Agreement and performance of the Order by Company and SPC will not (1) conflict with, violate or cause a breach or default under any agreements between Company and any creditor (or any affiliate thereof) related to the account receivables comprising the Claims, or (2) require any waiver, consent, or other action of the Company or any creditor, or their respective affiliates, that has not already been obtained; g. Without limitation, the Company hereby waives any provision in any agreement related to the account receivables comprising the Claims requiring payments to be applied in a certain order, manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; h. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; i. The Company has corporate Shareholder’s delegations in place with sufficient authorized capital or shall arrange a Shareholder’s meeting to satisfy the legal and regulatory requirements in connection with this transaction; j. The corporate issuance shall be made without preferential subscription rights of the existing Shareholder’s or holders of Securities granting access to the Company’s capital; k. This Settlement Agreement and Stipulation shall be subject to all required corporate authorizations by the Company; l. The execution, delivery and performance of this Agreement by Company has been duly authorized by all requisite action on the part of Company and its Board of Directors (including a majority of its independent directors), and this Agreement has been duly executed and delivered by Company; m. Company did not enter into the transaction giving rise to the Claims in contemplation of any sale or distribution of Company’s common stock or other securities" ; n. There has been no modification, compromise, forbearance, or waiver entered into or given with respect to the Claims. There is no action based on the Claims that is currently pending in any court or other legal venue, and no judgments based upon the Claims have been previously entered in any legal proceeding with the exceptions as contained in the Claim Purchase Agreements; o. There are no taxes due, payable or withholdable as an incident of Seller’s provision of goods and services, and no taxes will be due, payable or withholdable as a result of settlement of the Claims; p. Seller was not and within the past ninety (90) days has not been directly or indirectly through one or more intermediaries in control, controlled by, or under common control with, the Company and is not an affiliate of the Company as defined in Rule 144 promulgated under the Act, except as represented within the Claim Purchase Agreements; q. Company is operational and is a non-shell company within the meaning of Rule 144 under 405 and all applicable Securities Rules and Registration pertaining thereto; r. Company represents that Seller is not, directly or indirectly, utilizing any of the Securities Act; (B) such shares cannot be sold, transferred proceeds received from SPC for selling the Claims to provide any consideration to or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) invest in any eventmanner in the Company or any affiliate of the Company; s. Company has not received any notice (oral or written) from the SEC or Principal Market regarding a halt, an exemption from registration under Rule 144 limitation or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for suspension of trading in the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act.and (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee t. Seller will not, without directly or indirectly, receive any consideration from or be compensated in any manner by, the prior written consent Company, or any affiliate of the Company, offer, sell, contract to sell in exchange for or otherwise dispose of, directly in consideration of selling the Claims; u. Company represents that each Claim being purchased pursuant hereto is a bona-fide Claim against the Company and that the invoices or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as written contract(s)/promissory notes underlying each Claim are accurate representations of the date nature of the debt and the amounts owed by the Company to Seller and that the goods or services which are the subject of the Claims being purchased have been received or rendered; v. Company acknowledges that SPC or its affiliates may from time to time, hold outstanding securities of the Company which may be convertible in shares of the Company’s common stock at a floating conversion rate tied to the current market price for the stock. The number of shares of Common Stock issuable pursuant to this Agreement may increase substantially in certain circumstances, including, but not necessarily limited to the circumstance wherein the trading price of the Common Stock declines during the Valuation Period. The Company’s executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such payment, transaction is in the representations made best interests of the Company. The Company specifically acknowledges that its obligation to issue the Settlement Shares and Settlement Fee Shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company. The Board of Directors of the Company has further given its consent for each conversion of shares of stock pursuant to this agreement and agrees and consents that same may occur below the par value of the Company’s Common Stock if applicable. w. None of the transactions agreements or proceedings described above is part of a plan or scheme to evade the registration requirements of the Securities Act and BSLK and SPC are acting and has acted in this Section 12an arms length capacity.

Appears in 2 contracts

Sources: Settlement Agreement (Bolt Projects Holdings, Inc.), Settlement Agreement (Bolt Projects Holdings, Inc.)

Representations. (a) The Optionee representshereby represents and warrants that, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall the Option, the Optionee will be acquired for the Optionee's account acquiring Shares for investment only, solely for his own account and not with a view to, or for sale resale in connection with, the distribution or other disposition thereof. The Optionee agrees and acknowledges that he will not, directly or indirectly, offer, transfer, sell, assign, pledge, hypothecate or otherwise dispose of any distribution Shares, or solicit any offers to purchase or otherwise acquire or take a pledge of any Shares, unless (i) such offer, transfer, sale, assignment, pledge, hypothecation or other disposition complies with (A) the provisions of the shares in violation of Plan and this Agreement and (B) the Securities Act or an exemption therefrom and (ii) the Optionee shall have furnished the Company with an opinion of 1933 counsel, which opinion and counsel shall be reasonably satisfactory to the Company, to the effect that no registration under the Securities Act is required because of the availability of an exemption from registration under the Securities Act and all applicable state securities or “blue sky” laws. (b) The Optionee acknowledges and represents that he has been advised by the "Securities Act"), or any rule or regulation Company that (i) the offer and sale of the Shares have not been registered under the Securities Act. ; (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit Shares must be held indefinitely and the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able must continue to bear the economic risk of holding the investment in the Shares unless the offer and sale of such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be Shares is subsequently registered under the Securities Act and are "restricted securities" within all applicable state securities laws or an exemption from such registration is available; (iii) there is no established market for the meaning of Shares and there may not be any public market for the Shares in the foreseeable future; (iv) Rule 144 promulgated under the Securities Act is not presently available with respect to the sale of any securities of the Company, and the Company has made no covenant to make such Rule available; (v) when and if the Shares may be disposed of without registration under the Securities Act in reliance on Rule 144, such disposition can be made only in limited amounts and in accordance with the terms and conditions of such Rule; (vi) if the Rule 144 exemption is not available, public offer or sale without registration will require the availability of an exemption under the Securities Act; (Bvii) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available restrictive legend with respect to the publicforegoing shall be placed on the certificates representing the Shares, and other terms and conditions as well as a restrictive legend to the effect of Rule 144 are complied withSection 14(a) above; and (Dviii) there is now no registration statement a notation shall be made in the appropriate records of the Company indicating that the Shares are subject to restrictions on file with transfer and appropriate stop-transfer instructions will be issued to the Securities and Exchange Commission Company’s transfer agent with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities ActShares. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Stock Option Agreement (Safety-Kleen, Inc), Stock Option Agreement (Safety-Kleen Holdco Inc)

Representations. The Optionee represents(a) You represent and warrant to the Company that, warrants and covenants that: (i) Any shares purchased unless a registration statement is in effect under the Securities Act, upon exercise of this option shall the Option, you will be acquired acquiring the Option Shares for your own account for the Optionee's account for purpose of investment only, and not with a view to, to or for sale in connection with, with any distribution thereof, and you understand that (i) neither the Option nor the Option Shares have been registered with the Securities and Exchange Commission by reason of their issuance in a transaction exempt from the shares in violation registration requirements of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. and (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as Option Shares must be held indefinitely by you unless a subsequent disposition thereof is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption is exempt from such registration. If a registration statement is then available; (C) not in any event, an exemption from registration under Rule 144 or otherwise effect under the Securities Act not be available at the time of exercise of the Option, the stock certificates for at least two years any Option Shares issued to you will bear the following legend: THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR ANY STATE SECURITIES LAW, AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS THEY HAVE BEEN SO REGISTERED OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. (b) You further represent and even then will not be available unless a public market then exists for warrant that you understand the Common StockFederal, adequate information concerning state and local income tax consequences of the Company is then available granting of the Option to you, the public, and other terms and conditions acquisition of Rule 144 are complied with; and (D) there is now no registration statement on file with rights to exercise the Securities and Exchange Commission Option with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to Option Shares, the exercise of this option under the Securities Act. (v) The Optionee agrees thatOption and purchase of Option Shares, if and the subsequent sale or other disposition of any Option Shares. In addition, you understand that the Company offers will be required to withhold Federal, state or local taxes in respect of any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased compensation income realized by you upon exercise of this option for a period the Option granted hereunder. To the extent that the Company is required to withhold any such taxes, you hereby agree that the Company may deduct from any payments of 90 days after any kind otherwise due to you an amount equal to the effective date total Federal, state and local taxes required to be so withheld, or if such payments are inadequate to satisfy such Federal, state and local taxes, or if no such payments are due or to become due to you, then you agree to provide the Company with cash funds or make other arrangements satisfactory to the Company regarding such payment. It is understood that all matters with respect to the total amount of taxes to be withheld in respect of any such registration statement. By making payment upon exercise of this option, the Optionee compensation income shall be deemed to have reaffirmeddetermined by the Board of Directors in its sole discretion, as of the date of such payment, the representations made but acting in this Section 12good faith.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (North American Technologies Group Inc /Mi/), Incentive Stock Option Agreement (North American Technologies Group Inc /Mi/)

Representations. (a) The Optionee represents, warrants undersigned is informed of the significance to the Company of the foregoing representations and covenants that:answers contained in this Questionnaire contained herein and such answers have been provided under the assumption that the Company will rely on them. (ib) Any shares purchased upon exercise of this option shall In furnishing the above information, the undersigned acknowledges that the Company will be acquired for relying thereon in determining, among other things, whether there are reasonable grounds to believe that the Optionee's account for investment only, and not with undersigned qualifies as a view to, or for sale in connection with, any distribution of the shares in violation Purchaser under Section 4(2) and/or Regulation D of the Securities Act of 1933 (and applicable state securities laws for the "Securities Act"), or any rule or regulation under purposes of the Securities Actproposed investment. (iic) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives undersigned understands and agrees that the Company may request further information of the Company such information as is necessary undersigned in verification or amplification of the undersigned’s knowledge of business affairs, the undersigned’s assets and the undersigned’s ability to permit bear the Optionee to evaluate the merits and risks of his or her economic risk involved in an investment in the securities of the Company. (iiid) The Optionee undersigned represents to you that (a) the information contained herein is able to bear complete and accurate on the economic risk date hereof and may be relied upon by you, (b) the undersigned will notify you immediately of holding any change in any such shares acquired pursuant information occurring prior to the exercise acceptance of the subscription and will promptly send you written confirmation of such change. The undersigned hereby certifies that he, she or it has read and understands the Subscription Agreement related hereto and (c) the undersigned acknowledges that you may be required to publicly disclose the information provided in this option for an indefinite periodQuestionnaire and that he, she or it consents to such public disclosure. (ive) The Optionee understands that Subscriber (A) the shares acquired pursuant to the exercise and any beneficial owners of this option will not be registered under the Securities Act and Subscriber), are "restricted securities" within the meaning of Rule 144 under the Securities Act; currently (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (Ca) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file compliance with the Securities and Exchange Commission with respect to any stock regulations of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise Office of this option under the Securities Act. Foreign Assets Control (v“OFAC”) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose U.S. Department of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Unit Subscription Agreement (AMERICAN BATTERY TECHNOLOGY Co), Unit Subscription Agreement (AMERICAN BATTERY TECHNOLOGY Co)

Representations. (a) The Optionee representsGrantee hereby represents and warrants that, warrants and covenants that: (i) Any shares purchased upon exercise vesting of this option shall the Restricted Stock Units, the Grantee will be acquired for the Optionee's account acquiring Shares for investment only, solely for his own account and not with a view to, or for sale resale in connection with, the distribution or other disposition thereof. The Grantee agrees and acknowledges that he will not, directly or indirectly, offer, transfer, sell, assign, pledge, hypothecate or otherwise dispose of any distribution Shares, or solicit any offers to purchase or otherwise acquire or take a pledge of any Shares, unless (i) such offer, transfer, sale, assignment, pledge, hypothecation or other disposition complies with (A) the provisions of the shares in violation of Plan and this Agreement and (B) the Securities Act or an exemption therefrom and (ii) the Grantee shall have furnished the Company with an opinion of 1933 counsel, which opinion and counsel shall be reasonably satisfactory to the Company, to the effect that no registration under the Securities Act is required because of the availability of an exemption from registration under the Securities Act and all applicable state securities or “blue sky” laws. (b) The Grantee acknowledges and represents that he has been advised by the "Securities Act"), or any rule or regulation Company that (i) the offer and sale of the Shares have not been registered under the Securities Act. ; (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit Shares must be held indefinitely and the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able Grantee must continue to bear the economic risk of holding the investment in the Shares unless the offer and sale of such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be Shares is subsequently registered under the Securities Act and are "restricted securities" within all applicable state securities laws or an exemption from such registration is available; (iii) there is no established market for the meaning of Shares and there may not be any public market for the Shares in the foreseeable future; (iv) Rule 144 promulgated under the Securities Act is not presently available with respect to the sale of any securities of the Company, and the Company has made no covenant to make such Rule available; (v) when and if the Shares may be disposed of without registration under the Securities Act in reliance on Rule 144, such disposition can be made only in limited amounts and in accordance with the terms and conditions of such Rule; (vi) if the Rule 144 exemption is not available, public offer or sale without registration will require the availability of an exemption under the Securities Act; (Bvii) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available restrictive legend with respect to the publicforegoing shall be placed on the certificates representing the Shares, and other terms and conditions as well as a restrictive legend to the effect of Rule 144 are complied withSection 14(a) above; and (Dviii) there is now no registration statement a notation shall be made in the appropriate records of the Company indicating that the Shares are subject to restrictions on file with transfer and appropriate stop-transfer instructions will be issued to the Securities and Exchange Commission Company’s transfer agent with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities ActShares. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Restricted Stock Unit Agreement (Safety-Kleen, Inc), Restricted Stock Unit Agreement (Safety-Kleen Holdco Inc)

Representations. (a) The Optionee representsIssuer represents and warrants to the Indenture Trustee and the Credit Enhancer that as of the Closing Date, warrants and covenants thatunless specifically stated otherwise: (i) Any shares purchased upon exercise This Indenture creates a valid and continuing Security Interest in the Collateral in favor of the Indenture Trustee. The Security Interest created by this option shall be acquired for the Optionee's account for investment onlyIndenture is a first priority perfected Security Interest and it is enforceable as such against creditors of, and not with a view topurchasers from, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities ActIssuer. (ii) The Optionee has had such opportunity Mortgage Notes are “instruments” as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment defined in the CompanyUCC. (iii) The Optionee is able to bear Before the economic risk Grants of holding such shares acquired the Security Interest pursuant to the exercise Granting Clause of this option for an indefinite periodIndenture, the Issuer owns, and has good and marketable title to, the Mortgage Loans free of any lien, claim, or encumbrance of any person. (iv) The Optionee understands that (A) By the shares acquired pursuant Closing Date with respect to the exercise Mortgage Loans and within 10 days of this option will not be registered under the Securities Act and are "restricted securities" within the meaning applicable date of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission substitution with respect to any stock of Eligible Substitute Mortgage Loan, the Company and Issuer will file Financing Statements in the Company has no obligation or current intention proper filing office in the appropriate jurisdiction to register any shares acquired pursuant to perfect the exercise of Security Interest in the Collateral Granted under this option under the Securities ActIndenture. (v) The Optionee agrees that, if Issuer has received a written acknowledgement from the Company offers Custodian that the Custodian is acting solely as agent of the Indenture Trustee. (vi) The Issuer has not authorized the filing of and is not aware of any Financing Statements against the Issuer that include a description of its Common Stock for sale collateral covering the Collateral other than any financing statement (A) relating to the Security Interests granted to the Indenture Trustee pursuant to this Indenture, (B) that has been terminated, or (C) that names the Indenture Trustee as secured party. (vii) The Mortgage Notes that constitute or evidence the Collateral do not have any marks or notations indicating that they have been pledged, assigned, or otherwise conveyed to any person other than the Indenture Trustee. All Financing Statements filed or to be filed against the Issuer in favor of the Indenture Trustee in connection with this Indenture describing the Collateral contain a registration statement under to the Securities Actfollowing effect: “A purchase of the Mortgage Loans included in the collateral covered by this financing statement will violate the rights of the Indenture Trustee.” (viii) On the Closing Date, the Optionee will Issuer is a “Qualifying SPE” as such term is defined in the statement of Accounting Standards No. 140 of the Financial Accounting Standards Board, as in effect on the Closing Date. (b) The representations and warranties in this Section 3.16 shall survive delivery of the respective Mortgage Files to the Custodian pursuant to the Custodial Agreement and the termination of the Sale and Servicing Agreement. (c) The Indenture Trustee and the Credit Enhancer shall not, without the prior written consent of the CompanyRating Agencies, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), waive any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made and warranties in this Section 123.16(a).

Appears in 2 contracts

Sources: Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D), Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2007-E)

Representations. The Optionee Company hereby represents, warrants and covenants thatto NBF as follows: a. There are Fifteen Billion (i15,000,000,000) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information authorized as is necessary of July 31, 2017, of which approximately Five Hundred Ninety Seven Million Four Hundred Seventy Four Thousand and Five (597,474,005) Shares of Common Stock are issued and outstanding as October 13, 2017; and approximately Fourteen Billion Four Hundred Two Million Five Hundred Twenty Five Thousand Nine Hundred Ninety Five (14,402,525,995) Shares of Common Stock are available for issuance pursuant hereto; b. The shares of Common Stock to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid and non-assessable, free and clear of this option all liens, encumbrances and preemptive and similar rights to subscribe for an indefinite period.or purchase securities; (iv) c. The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered exempt from registration under the Securities Act and issuable without any restrictive legend; d. The Company shall reserve from its duly authorized capital stock a number of shares of Common Stock at least equal to the greater of the number of shares that could be issued pursuant to the terms of the Order and that Company shall initially reserve at its transfer agent, at a minimum, Three Billion Two Hundred Million (3,200,000,000) shares during the Valuation Period in order to ensure that it can properly carry out the terms of this agreement, which may only be released to Company once all of the Settlement Shares and settlement fee shares have been delivered and converted pursuant to this agreement and Company’s obligations are "restricted otherwise fully satisfied or there has otherwise been a default pursuant to the terms of this agreement; of this reserve amount, NBF plans on converting this Settlement into that number of shares and in many instances more shares, should the price go down; e. If at any time it appears reasonably likely that there may be insufficient authorized shares to fully comply with the Order, Company shall promptly increase its authorized shares to ensure its ability to timely comply with the Order; f. The execution of this Agreement and performance of the Order by Company and NBF will not (1) conflict with, violate or cause a breach or default under any agreements between Company and any creditor (or any affiliate thereof) related to the account receivables comprising the Claims, or (2) require any waiver, consent, or other action of the Company or any creditor, or their respective affiliates, that has not already been obtained; g. Without limitation, the Company hereby waives any provision in any agreement related to the account receivables comprising the Claims requiring payments to be applied in a certain order, manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; h. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; i. The execution, delivery and performance of this Agreement by Company has been duly authorized by all requisite action on the part of Company and its Board of Directors (including a majority of its independent directors), and this Agreement has been duly executed and delivered by Company; j. Company did not enter into the transaction giving rise to the Claims in contemplation of any sale or distribution of Company’s common stock or other securities" ; k. There has been no modification, compromise, forbearance, or waiver entered into or given with respect to the Claims. There is no action based on the Claims that is currently pending in any court or other legal venue, and no judgments based upon the Claims have been previously entered in any legal proceeding; l. There are no taxes due, payable or withholdable as an incident of Seller’s provision of goods and services, and no taxes will be due, payable or withholdable as a result of settlement of the Claims; m. Seller was not and within the past ninety (90) days has not been directly or indirectly through one or more intermediaries in control, controlled by, or under common control with, the Company and is not an affiliate of the Company as defined in Rule 144 promulgated under the Act; n. Company is operational and is a non-shell company within the meaning of Rule 144 under 405 and all applicable Securities Rules and Registration pertaining thereto; o. Company represents that Seller is not, directly or indirectly, utilizing any of the Securities Act; (B) such shares cannot be sold, transferred proceeds received from NBF for selling the Claims to provide any consideration to or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) invest in any eventmanner in the Company or any affiliate of the Company; p. Company has not received any notice (oral or written) from the SEC or Principal Market regarding a halt, an exemption from registration under Rule 144 limitation or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for suspension of trading in the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act.and (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee q. Seller will not, without directly or indirectly, receive any consideration from or be compensated in any manner by, the prior written consent Company, or any affiliate of the Company, offer, sell, contract to sell in exchange for or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise in consideration of this option for a period of 90 days after selling the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as Claims; r. Company represents that none of the date services provided or to be provided which gave rise to the Claims were or are services related to promoting the Company’s Securities or that may be considered investor relations services; s. Company represents that each Claim being purchased pursuant hereto is a bona-fide Claim against the Company and that the invoices or written contract(s)/promissory notes underlying each Claim are accurate representations of the nature of the debt and the amounts owed by the Company to Seller and that the goods or services which are the subject of the Claims being purchased have been received or rendered; t. Company acknowledges that NBF or its affiliates may from time to time, hold outstanding securities of the Company which may be convertible in shares of the Company’s common stock at a floating conversion rate tied to the current market price for the stock. The number of shares of Common Stock issuable pursuant to this Agreement may increase substantially in certain circumstances, including, but not necessarily limited to the circumstance wherein the trading price of the Common Stock declines during the Valuation Period. The Company’s executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such payment, transaction is in the representations made best interests of the Company. The Company specifically acknowledges that its obligation to issue the Settlement Shares along with settlement fee shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company. The Board of Directors of the Company has further given its consent for each conversion of shares of stock pursuant to this agreement and agrees and consents that same may occur below the par value of the Company’s Common Stock if applicable. u. None of the transactions agreements or proceedings described above is part of a plan or scheme to evade the registration requirements of the Securities Act and CHIT and NBF are acting and has acted in this Section 12an arms length capacity.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement (Cherubim Interests, Inc.)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's ’s account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Non Statutory Stock Option Agreement (American Superconductor Corp /De/), Non Statutory Stock Option Agreement (Vision Sciences Inc /De/)

Representations. The Optionee Company hereby represents, warrants and covenants thatto SCC as follows: a. There are Two Hundred Fifty Million (i250,000,000) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information authorized as is necessary of June 23, 2025, of which approximately Sixty-Eight Millio n Nine Hundred Sixty Thousand One Hundred and Fourteen (68,960,114) Shares of Common Stock are issued and outstanding as of June 23, 2025; and One Hundred Sixty-Five Million Six Hundred Twenty-Nine Thousand and Thirty (165,629,030) Shares of Common Stock are available for issuance pursuant hereto; b. The shares of Common Stock to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid and non-assessable, free and clear of this option all liens, encumbrances and preemptive and similar rights to subscribe for an indefinite period.or purchase securities; (iv) c. The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered exempt from registration under the Securities Act and issuable without any restrictive legend; d. The Company shall initially reserve from its duly authorized capital stock Forty-Seven Million (47,000,000) shares during the Valuation Period in order to ensure that it can properly carry out the terms of this Agreement, which may only be released to Company once all of the Settlement Shares and Settlement Fee Shares have been delivered and converted pursuant to this Agreement and Company’s obligations are "restricted otherwise fully satisfied or there has otherwise been a default pursuant to the terms of this Agreement. In the event that Company effectuates a reverse split of Company’s Common Stock while any obligations are owed to SCC pursuant to this Agreement by Company, then the reserve shares shall be proportionately adjusted; e. If at any time it appears reasonably likely that there may be insufficient authorized shares and/or reserve shares to fully comply with the Order, Company shall promptly increase its authorized shares and/or reserve shares to ensure its ability to timely comply with the Order; f. As of the date of this Agreement the execution of this Agreement and performance of the Order by Company and SCC will not (1) conflict with, violate or cause a breach or default under any agreements between Company and any creditor (or any affiliate thereof) related to the account receivables comprising the Claims, or (2) require any waiver, consent, or other action of the Company or any creditor, or their respective affiliates, that has not already been obtained; g. Without limitation, the Company hereby waives any provision in any agreement related to the account receivables comprising the Claims requiring payments to be applied in a certain order, manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; h. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; i. The Company has corporate Shareholder’s delegations in place with sufficient authorized capital or shall arrange a Shareholder’s meeting to satisfy the legal and regulatory requirements in connection with this transaction; j. The corporate issuance shall be made without preferential subscription rights of the existing shareholders or holders of securities granting access to the Company’s capital; k. This Settlement Agreement and Stipulation shall be subject to all required corporate authorizations by the Company; l. The execution, delivery and performance of this Agreement by Company has been duly authorized by all requisite action on the part of Company and its Board of Directors (including a majority of its independent directors), and this Agreement has been duly executed and delivered by Company; m. Company did not enter into the transaction giving rise to the Claims in contemplation of any sale or distribution of Company’s common stock or other securities" ; n. There has been no modification, compromise, forbearance, or waiver entered into or given with respect to the Claims. There is no action based on the Claims that is currently pending in any court or other legal venue, and no judgments based upon the Claims have been previously entered in any legal proceeding with the exceptions as contained in the Claim Purchase Agreements; o. To Company’s knowledge, Seller was not and within the past ninety (90) days has not been directly or indirectly through one or more intermediaries in control, controlled by, or under common control with, the Company and is not an affiliate of the Company as defined in Rule 144 promulgated under the Act, except as represented within the Claim Purchase Agreements; p. Company is operational and is a non-shell company within the meaning of Rule 144 under 405 and all applicable Securities Rules and Registration pertaining thereto; q. Company represents that Seller is not, directly or indirectly, utilizing any of the Securities Act; (B) such shares cannot be sold, transferred proceeds received from SCC for selling the Claims to provide any consideration to or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) invest in any eventmanner in the Company or any affiliate of the Company; r. Company has not received any notice (oral or written) from the SEC or Principal Market regarding a halt, an exemption from registration under Rule 144 limitation or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for suspension of trading in the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act.and (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee s. Seller will not, without directly or indirectly, receive any consideration from or be compensated in any manner by, the prior written consent Company, or any affiliate of the Company, offer, sell, contract to sell in exchange for or otherwise dispose of, directly in consideration of selling the Claims; t. Company represents that each Claim being purchased pursuant hereto is a bona-fide Claim against the Company and that the invoices or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as written contract(s)/promissory notes underlying each Claim are accurate representations of the date nature of the debt and the amounts owed by the Company to Seller and that the goods or services which are the subject of the Claims being purchased have been received or rendered; u. Company acknowledges that SCC or its affiliates may from time to time, hold outstanding securities of the Company which may be convertible into shares of the Company’s common stock at a floating conversion rate tied to the current market price for the stock. The number of shares of Common Stock issuable pursuant to this Agreement may increase substantially in certain circumstances, including, but not necessarily limited to the circumstance wherein the trading price of the Common Stock declines during the Valuation Period. The Company’s executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such payment, transaction is in the representations made best interests of the Company. The Company specifically acknowledges that its obligation to issue the Settlement Shares and Settlement Fee Shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company. The Board of Directors of the Company has further given its consent for each conversion of shares of stock pursuant to this Agreement. v. None of the transactions agreements or proceedings described above is part of a plan or scheme to evade the registration requirements of the Securities Act and BURU and SCC are acting and have acted in this Section 12an arms length capacity.

Appears in 2 contracts

Sources: Settlement Agreement (Nuburu, Inc.), Settlement Agreement (Nuburu, Inc.)

Representations. The Optionee represents, warrants and covenants undersigned entity represents that: (ia) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment onlyThe entity has, and not with a view toif applicable, its officers, employees, directors or for sale equity owners have, sufficient knowledge and experience in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee similar investments to evaluate the merits and risks of his or her an investment in [COMPANY], or the Companyentity has retained an attorney, accountant, financial advisor or consultant as its purchaser representative. If applicable, the name, employer, address, and telephone number of the purchaser representative follows: (b) The entity and, if applicable, its purchaser representative, has received the private placement memorandum relating to this offering (the “Private Placement Memorandum”); and the entity and, if applicable, its purchaser representative, understand the Private Placement Memorandum and the risks involved in this offering. The entity and, if applicable, its purchaser representative have been given the opportunity to ask questions and obtain material and relevant information from the Issuer enabling it to make an informed investment decision. All data that the entity and, if applicable, its purchaser representative, have requested has been furnished to it. (iiic) The Optionee is able to bear Any Securities the economic risk of holding such shares acquired pursuant entity may acquire will be for its own account for investment and not with any view to the exercise distribution thereof, and it will not sell, assign, transfer or otherwise dispose of this option for an indefinite periodany of the Securities, or any interest therein, in violation of the Securities Act or any applicable state securities law. (ivd) The Optionee entity understands that (Ai) the shares acquired pursuant to the exercise of this option any Securities it may acquire will not be registered under the Securities Act or any applicable state securities law and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares canmay not be sold, transferred sold or otherwise disposed of unless they are subsequently it is registered under or sold or otherwise disposed of in a transaction that is exempt from such registration, and (ii) the certificates representing the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under will bear appropriate legends restricting the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Acttransferability thereof. (ve) The Optionee agrees that, if entity understands that the Company offers any Issuer will rely upon the completeness and accuracy of its Common Stock for sale pursuant the Investor’s responses to a registration statement under the questions in this Questionnaire in establishing that the contemplated transactions are exempt from the Securities Act, and hereby affirms that all such responses are accurate and complete. The entity will notify the Optionee will not, without the prior written consent Issuer immediately of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date changes in any of such registration statement. By making payment upon exercise information occurring prior to the acceptance of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12its subscription.

Appears in 2 contracts

Sources: Share Purchase Agreement (Cortendo AB), Share Purchase Agreement (Cortendo AB)

Representations. The Optionee representsLessor and Lessee represent, warrants warrant and covenants that: certify to Beneficiary (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"Purchaser), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date hereof, as follows: (a) the Lease is presently in full force and effect and the Lease constitutes the entire agreement between the Lessee and Lessor; (b) the Lease has not been canceled, terminated, modified, amended, supplemented, replaced, restated or otherwise changed, either orally or in writing, except as herein expressly provided; (c) all conditions or requirements specified in the Lease that could have been satisfied as of such paymentthe date hereof have been fully satisfied; (d) no rent under the Lease has been paid for more than the current rental period established in the Lease; (e) no default (or any event, condition or circumstance, which with notice, grace or lapse of time could constitute a default) exists under said Lease; (f) Lessee, as of this date, has no charge, lien, claim or offset under said Lease or otherwise against rents or other charges due or to become due under the representations Lease; (g) Purchaser shall have no liability or responsibility with respect to any security deposit or advance rental deposit made by the Lessee except to the extent actually delivered and paid to Purchaser concurrently with Purchaser’s succession in this Section 12interest to the Demised Premises; (h) the only persons or entities in possession of the Demised Premises or having any right to the possession, use or occupancy of the Demises Premises (other than the record owner or holders of recorded easements) is Lessee; and (i) Lessee has no right or interest in or under any contract, option or agreement (other than as shown in the Lease) involving the sale or transfer of the Demised Premises or the expansion of the Demised Premises or extension of the term of the Lease.

Appears in 2 contracts

Sources: Commercial Lease (Xtera Communications, Inc.), Commercial Lease (Xtera Communications, Inc.)

Representations. The Optionee representsExecutive represents and warrants to and agrees with the Company as follows, warrants and covenants thatwith respect to the Shares: (i) Any shares purchased upon exercise Executive is acquiring the Shares for his own account, for investment purposes only. (ii) Executive understands that an investment in the Shares involves a high degree of risk, and Executive has the financial ability to bear the economic risk of this option shall be acquired investment in the Shares, including a complete loss of such investment. Executive has adequate means for providing for his current financial needs and has no need for liquidity with respect to this investment. (iii) Executive has such knowledge and experience in financial and business matters that he is capable of evaluating the Optionee's account for merits and risks of an investment only, in the Shares and in protecting his own interest in connection with this transaction. (iv) Executive understands that the Shares have not with a view tobeen registered under the Securities Act, or for sale in connection with, under any distribution of state securities laws. Executive is familiar with the shares in violation provisions of the Securities Act and Rule 144 thereunder and understands that the restrictions on transfer of 1933 the Shares may result in Executive being required to hold the Shares for an indefinite period of time. (the v) Executive is an "Securities Act"), or any rule or regulation accredited investor" as such term is defined in Regulation D under the Securities Act. (iivi) The Optionee has had such opportunity as he or she has deemed adequate Executive agrees not to obtain from representatives Transfer any of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired Shares except pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered effective registration statement under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless registration. As a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect further condition to any stock of such Transfer, except in the Company and the Company has no obligation or current intention to register any shares acquired event that such Transfer is made pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a an effective registration statement under the Securities Act, if in the Optionee will notreasonable opinion of counsel to the Company, without any Transfer of the prior written consent Shares by the contemplated transferee thereof would not be exempt from the registration and prospectus delivery requirements of the Securities Act, the Company may require the contemplated transferee to furnish the Company with an investment letter setting forth such information and agreements as may be reasonably requested by the Company to ensure compliance by such transferee with the Securities Act. (vii) Executive has had the opportunity to ask questions of, and to receive answers from, appropriate executive officers of the Company with respect to the terms and conditions of the transactions contemplated hereby and with respect to the business, affairs, financial condition and results of operations of the Company. Executive has had access to such financial and other information as is necessary in order for Executive to make a fully informed decision as to investment in the Company, offer, sell, contract and has had the opportunity to sell or otherwise dispose of, directly or indirectly (a "Disposition"), obtain any shares purchased upon exercise of this option for a period of 90 days after the effective date additional information necessary to verify any of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed information to have reaffirmed, as of the date of such payment, the representations made in this Section 12which Executive has had access.

Appears in 2 contracts

Sources: Letter Agreement (Knight Fuller Inc), Letter Agreement (Knight Fuller Inc)

Representations. The Optionee Company hereby represents, warrants and covenants that:to RCP as follows; a. There are Six Billion (i6,000,000,000) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information as is necessary authorized, of which approximately One Hundred Fifty One Million Five Hundred Sixty Thousand Eight Hundred Forty (151,560,840) Shares of Common Stock are issued and; and approximately Five Billion Eight Hundred Forty Eight Million Four Hundred Thirty Nine Thousand One Hundred Sixty (5,848,439,160) Shares of Common Stock are available for issuance pursuant hereto; b. The shares of Common Stock to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid mid non-assessable, free and clear of this option all liens, encumbrances and preemptive and similar rights to subscribe for an indefinite period.or purchase securities; (iv) c. The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered exempt from registration under the Securities Act and issuable without any restrictive legend; d. The Company shall reserve from its duly authorized capital stock a number of shares of Common Stock at least equal to the greater of the number of shares that could be issued pursuant to the terms of the Order and that Company shall reserve at its transfer agent, at a minimum, Four Hundred Million (400,000,000) shares during the Valuation Period in order to ensure that it can properly carry out the terms of this agreement, which may only be released to Company once all of the Settlement Shares and settlement fee shares have been delivered and converted pursuant to this agreement and Company’s obligations are "restricted otherwise fully satisfied or there has otherwise been a default pursuant to the terms of this agreement; e. If at any time it appears reasonably likely that there may be insufficient authorized shares to fully comply with the Order, Company shall promptly increase its authorized shares to ensure its ability to timely comply with the Order; f. The execution of this Agreement and performance of the Order by Company and RCP will not (l) conflict with, violate or cause a breach or default under any agreements between Company and any creditor ( or any affiliate thereof) related to the account receivables comprising the Claims, or (2) require any waiver, consent, or other action of the Company or any creditor, or their respective affiliates, that has not already been obtained; g. Without limitation, the Company hereby waives any provision in any agreement related to the account receivables comprising the Claims requiring payments to be applied in a certain order, manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; h. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; i. The execution, delivery and performance of this Agreement by Company has been duly authorized by all requisite action on the part of Company and its Board of Directors (including a majority of its independent directors), and this Agreement has been duly executed and delivered by Company; j. Company did not enter into the transaction giving rise to the Claims in contemplation of any sale or distribution of Company’s common stock or other securities" ; k. There has been no modification, compromise, forbearance, or waiver entered into or given with respect to the Claims. There is no action based on the Claims that is currently pending in any court or other legal venue, and no judgments based upon the Claims have been previously entered in any legal proceeding; l. There are no taxes due, payable or withholdable as an incident of Seller’s provision of goods and services, and no taxes will be due, payable or withholdable as a result of settlement of the Claims; m. Seller was not and within the past ninety (90) days has not been directly or indirectly through one or more intermediaries in control, controlled by, or under common control with, the Company and is not an affiliate of the Company as defined in Rule 144 promulgated under the Act; n. Company is operational and is a non-shell company within the meaning of Rule 144 under 405 and all applicable Securities Rules and Registration pertaining thereto; o. Company represents that Seller is not, directly or indirectly, utilizing any of the Securities Act; (B) such shares cannot be sold, transferred proceeds received from RCP for selling the Claims to provide any consideration to or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) invest in any eventmanner in the Company or any affiliate of the Company; p. Company has not received any notice ( oral or written) from the SEC or Principal Market regarding a halt, an exemption from registration under Rule 144 limitation or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for suspension of trading in the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act.and (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee q. Seller will not, without directly or indirectly, receive any consideration from or be compensated in any manner by, the prior written consent Company, or any affiliate of the Company, offer, sell, contract to sell in exchange for or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise in consideration of this option for a period of 90 days after selling the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as Claims; r. Company represents that none of the date services provided or to he provided which gave rise to the Claims were or are services related to promoting the Company’s Securities or that may be considered investor relations services; s. Company represents that each Claim being purchased pursuant hereto is a bona-fide Claim against the Company and that the invoices or written contract(s)/promissory notes underlying each Claim are accurate representations of the nature of the debt and the amounts owed by the Company to Seller and that the goods or services which are the subject of the Claims being purchased have been received or rendered; t. Company acknowledges that RCP or its affiliates may from time to time, hold outstanding securities of the Company which may be convertible in shares of the Company’s common stock at a floating conversion rate tied to the current market price for the stock. The number of shares of Common Stock issuable pursuant to this Agreement may increase substantially in certain circumstances, including, but not necessarily limited to the circumstance wherein the trading price of the Common Stock declines during the Valuation Period. The Company’s executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such payment, transaction is in the representations made best interests of the Company. The Company specifically acknowledges that its obligation to issue the Settlement Shares along with settlement fee shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company. The Board of Directors of the Company has further given its consent for each conversion of shares of stock pursuant to this agreement and agrees and consents that same may occur below the par value of the Company’s Common Stock if applicable. u. None of the transactions agreements or proceedings described above is part of a plan or scheme to evade the registration requirements of the Securities Act and HMPQ and RCP are acting and has acted in this Section 12an arms length capacity.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement (HempAmericana, Inc.)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's ’s account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 1933, as amended (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years one year and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Avalon Pharmaceuticals Inc), Incentive Stock Option Agreement (Avalon Pharmaceuticals Inc)

Representations. The Optionee representsIn connection with my exercise of the Option, warrants and covenants thatI hereby represent to the Company as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for I am acquiring the Optionee's account Shares solely for investment onlypurposes, and not with a view to, no present intention of distributing or for sale in connection with, reselling any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), Shares or any rule or regulation under interest therein. I acknowledge that the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Shares have not be been registered under the Securities Act of 1933, as amended (the “Securities Act”). (b) I am aware of the Company’s business affairs and financial condition and have acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Shares. (c) I understand that the Shares are "restricted securities" within ” under applicable U.S. federal and state securities laws and that, pursuant to these laws, I must hold the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of Shares indefinitely unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and qualified by state authorities, or unless an exemption from such registration and qualification requirements is available. I acknowledge that the Company has no obligation or current intention to register or qualify the Shares for resale. I further acknowledge that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of my control, and which the Company is under no obligation to and may not be able to satisfy. (d) I understand that there is no public market for the Shares, that no market may ever develop for them, and that the Shares have not been approved or disapproved by the Securities and Exchange Commission or any shares acquired pursuant other federal, state or other governmental agency. (e) I understand that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the Grant Agreement are incorporated herein by reference. (f) I understand that any Shares purchased hereunder shall be subject to the Stockholders’ Agreement of the Company dated as of December 8, 2005, as it may be amended from time to time (“Stockholders’ Agreement”), a copy of which has been provided to me, and that it is a condition to the exercise of this option under my Option that I execute the Securities Actattached signature page of the Stockholders’ Agreement, agreeing to be bound thereby. I have had a full and fair opportunity to review the Stockholders’ Agreement prior to exercising the Option. (vg) The Optionee agrees thatI understand that the certificate representing the Shares will be imprinted with the following legends: THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, if AS AMENDED, OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THE SECURITIES, REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT AND APPLICABLE STATE SECURITIES LAWS. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF FIRST REFUSAL AND A REPURCHASE RIGHT IN FAVOR OF THE COMPANY OR ITS ASSIGNEE AS SET FORTH IN THE COMPANY’S STOCK OPTION PLAN. SUCH RIGHT OF FIRST REFUSAL AND REPURCHASE RIGHT ARE BINDING ON TRANSFEREES OF THE SHARES REPRESENTED BY THIS CERTIFICATE. THIS CERTIFICATE AND THE SECURITIES REPRESENTED HEREBY ARE HELD SUBJECT TO THE TERMS, COVENANTS AND CONDITIONS OF A STOCKHOLDERS’ AGREEMENT DATED AS OF DECEMBER 8, 2005, AS SUCH AGREEMENT MAY BE AMENDED, BY AND AMONG THE STOCKHOLDERS OF CPG FINANCE, INC., AND MAY NOT BE TRANSFERRED OR DISPOSED OF EXCEPT IN ACCORDANCE WITH THE TERMS AND PROVISIONS THEREOF. A COPY OF SAID AGREEMENT AND ALL AMENDMENTS THERETO IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY. (h) I have consulted my own tax advisors in connection with my exercise of this Option and I am not relying upon the Company offers for any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent tax advice. (i) I am presently an employee of the Company, offer, sell, contract or my employment has been terminated involuntarily or due to sell death or otherwise dispose of, directly or indirectly Disability (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after as defined in the effective date of such registration statement. By making payment upon exercise of this option, Plan) within the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12past 30 days.

Appears in 2 contracts

Sources: Stock Option Grant Agreement (Exopack Holding Corp), Stock Option Grant Agreement (Exopack Holding Corp)

Representations. The Optionee Warrant Holder represents, warrants by accepting this Warrant, that it is an “accredited investor” as that term is defined in Rule 501 promulgated under the Securities Act and covenants that: (i) Any shares purchased understands that this Warrant and any securities issuable upon exercise of this option shall be acquired Warrant have not been registered for sale under Federal or state securities laws or “Blue Sky” laws and are being offered and sold to the Optionee's Warrant Holder pursuant to one or more exemptions from the registration requirements of such securities laws. The Warrant Holder further understands that the Shares have not been qualified under any state securities laws based on the belief that they have been issued in a transaction exempt from the qualification requirements of such securities laws, which exemption depends upon, among other things, Warrant Holder’s representations made herein. The Warrant Holder further represents to the Company that it is acquiring this Warrant and will acquire any securities issuable upon exercise of this Warrant for its own account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares thereof in violation of the Securities Act of 1933 Act, and agrees that this Warrant and any such securities will not be sold or otherwise transferred unless (the "Securities Act"), or any rule or regulation i) a registration statement with respect to such transfer is effective under the Securities Act. Act and any applicable state securities laws or “Blue Sky” laws or (ii) The Optionee this Warrant or any such securities are (x) sold or otherwise transferred only to a transferee that (A) is a subsidiary, parent, partner, limited partner, retired partner or shareholder of such Warrant Holder or (B) is acquiring at least one hundred thousand (100,000) Shares (subject to appropriate adjustments for stock splits, stock dividends, combinations and other recapitalizations) and (y) the Warrant Holder has had such opportunity as he or she has deemed adequate delivered to obtain from representatives of the Company an Opinion of Counsel reasonably satisfactory to the Company, at Warrant Holder’s expense, that such information as sale or transfer is necessary made pursuant to permit one or more exemptions from the Optionee Securities Act pursuant to evaluate the merits and risks of his or her Section 2.3 below. The Warrant Holder recognizes that an investment in the Company. (iii) Warrants and the Shares issuable upon exercise thereof involves a high degree of risk, including a risk of total loss of the Warrant Holder’s investment. The Optionee Warrant Holder is able to bear the economic risk of holding such shares acquired pursuant to the Warrant and the Shares issuable upon exercise of this option thereof, for an indefinite period. (iv) The Optionee understands , has knowledge and experience in the financial and business matters such that (A) it is capable of evaluating the shares acquired pursuant risks of the investment in the Warrant and the Shares issuable upon exercise thereof, has been furnished ample opportunity to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate request information concerning regarding the Company is then available and has been afforded the opportunity to the public, ask questions of and receive answers from officers or other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock representatives of the Company and concerning the Company, and, assuming the Company has no obligation or current intention to register any shares acquired pursuant been responsive to the exercise of this option under Warrant Holder’s requests and questions, has received all the Securities Act. (v) The Optionee agrees that, if information it has requested from the Company offers any of and considers necessary or appropriate for deciding whether to purchase its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12Warrant.

Appears in 2 contracts

Sources: Warrant Agreement (Basin Water, Inc.), Warrant Agreement (Basin Water, Inc.)

Representations. The Optionee represents, warrants and covenants --------------- that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers for the first time any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, publicly offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition")indirectly, any shares purchased upon exercise of this option for a period of 90 180 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 1214.

Appears in 2 contracts

Sources: Non Statutory Stock Option Agreement (Switchboard Inc), Nonstatutory Stock Option Agreement (Switchboard Inc)

Representations. The Optionee representsLessor and Lessee represent, warrants warrant and covenants that: certify to Beneficiary (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"Purchaser), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date hereof, as follows: (a) the Lease is presently in full force and effect; (b) the Lease has not been cancelled, terminated, modified, amended, supplemented, replaced, restated or otherwise changed, either orally or in writing, except as herein expressly provided; (c) all conditions or requirements specified in the Lease that could have been satisfied as of such paymentthe date hereof have been fully satisfied; (d) no rent under the Lease has been paid for more than the current rental period established in the Lease; (e) no default (or any event, condition or circumstance, which with notice, grace or lapse of time could constitute a default) exists under said Lease; (f) Lessee, as of this date, has no charge, lien or claim of offset under said Lease or otherwise against rents or other charges due or to become due under the representations Lease; (g) the Lease constitutes the entire agreement between the Lessee and Lessor and that Purchaser shall have no liability or responsibility with respect to any security deposit or advance rental deposit made by the Lessee except to the extent actually delivered and paid to Purchaser concurrently with Purchaser's succession in interest to the Demised Premises; (h) the only persons or entities in possession of the Demised Premises or having any right to the possession, use or occupancy of the Demises Premises (other than the record owner or holders of recorded easements) is Lessee; and (i) Lessee has no right or interest in or under any contract, option or agreement (other than as shown in the Lease) involving the sale or transfer of the Demised Premises or the expansion of the Demised Premises or extension of the term of the Lease. Lessor and Lessee further agree to execute and deliver to Beneficiary, promptly upon request of Beneficiary and without charge, a written updated certification of the representations, warranties and certifications provided in this Section 12SECTION 6 to the extent then accurate (or if any are not accurate, an explanation of the circumstances of any inaccuracy).

Appears in 2 contracts

Sources: Lease Agreement (Silicon Laboratories Inc), Lease Agreement (Silicon Laboratories Inc)

Representations. (a) The Optionee representsAssignee represents and warrants as follows: the Assignee hereby acknowledges that an investment in the Class B Ordinary Shares involves certain significant risks. The Assignee acknowledges and hereby agrees that the Class B Ordinary Shares will not be transferable under any circumstances unless the Class B Ordinary Shares are registered in accordance with federal and state securities laws or an exemption under such laws is available. The Assignee further acknowledges and hereby agrees that the Class B Ordinary Shares are subject to transfer restrictions and forfeiture provisions as set forth in the Subscription Agreement and the Letter Agreement to be entered into among the Company, warrants the Assignee and covenants that: the other individual parties thereto, and the lock-up provisions therein. The Assignee further understands that any certificates evidencing the Class B Ordinary Shares will bear a legend (ias provided in the Subscription Agreement) Any shares purchased upon exercise of this option shall be acquired referring to the foregoing transfer restrictions. The Class B Ordinary Shares are being assigned solely for the Optionee's account Assignee’s own account, for investment purposes only, and are not being assigned with a view to, to or for sale in connection withthe resale, distribution, subdivision or fractionalization thereof; and the Assignee has no present plans to enter into any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act")contract, undertaking, agreement or any rule arrangement for such resale, distribution, subdivision or regulation under the Securities Act. (ii) fractionalization. The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee Assignee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option its investment for an indefinite period. period of time. The Assignee has been given the opportunity to (ivi) ask questions of and receive answers from the Assignor and the Company concerning the terms and conditions of the Class B Ordinary Shares, and the business and financial condition of the Company, and (ii) obtain any additional information that the Assignor possesses or can acquire without unreasonable effort or expense that is necessary to assist the Assignee in evaluating the advisability of the receipt of the Class B Ordinary Shares and an investment in the Company. The Optionee understands that (A) the shares acquired pursuant Assignee is not relying on any oral representation made by any person as to the exercise of this option will not be registered Company or its operations, financial condition or prospects. The Assignee is an “accredited investor” as defined in Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). (b) The Assignor represents and are "restricted securities" warrants that he has not engaged in any general solicitation or general advertising within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered 502 under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock the offer and sale of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities ActClass B Ordinary Shares. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 2 contracts

Sources: Securities Assignment Agreement (TCV Acquisition Corp.), Securities Assignment Agreement (TCV Acquisition Corp.)

Representations. The Optionee represents(a) You represent to us as follows, warrants and covenants thatagree to abide by all of the rules and regulations of the NASD, including, without limitation, the following provisions of its Rules except as otherwise permitted by the NASD as set forth in writing, a copy of which shall be provided to you by us: (i) Any shares purchased upon exercise you will not withhold placing customers' orders for any Creation Units of this option shall be acquired for the Optionee's account for investment only, and not WEBS so as to profit yourself as a result of such withholding; (ii) you are familiar with a view to, or for sale in connection with, any distribution of the shares in violation of Rule 15c2-8 under the Securities Exchange Act of 1933 1934, as amended (the "Securities 1934 Act"), or any rule or regulation under the Securities Act. (iiSection 4(3) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary 1933 Act, and Section 24(d) of the 1940 Act relating to permit the Optionee to evaluate the merits distribution and risks delivery of his or her investment in the Company.Prospectuses and agree that you will comply therewith; (iii) The Optionee is able you are a member in good standing of the NASD or, if you are not such a member, you are a foreign bank, dealer or institution not eligible for membership in the NASD which agrees to bear make no sale within the economic risk United States, its territories or its possessions or to persons who are citizens thereof or residents therein, and in making other sales to comply, as though you were a member of holding such shares acquired pursuant NASD, with the provisions of Sections 8, 24 and 36 of Article III of the Rules of the NASD and with Section 25 thereof as that Section applies to the exercise of this option for an indefinite perioda non-NASD member broker or dealer in a foreign country. (ivb) The Optionee understands You agree that your expulsion from the NASD will automatically terminate this Agreement. (Ac) You agree to comply with any rules of the shares acquired pursuant to American Stock Exchange, Inc. (the exercise "AMEX") or such other secondary market or markets as has or have been approved by an order of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists SEC for the Common Stock, adequate information concerning trading of WEBS. A copy of the Company is then available to the public, and other terms and conditions of Rule 144 the SEC order in accordance with which WEBS are complied with; offered are attached hereto as Annex I. (d) You hereby represent, covenant and (D) there is now no registration statement on file with the Securities and Exchange Commission warrant that with respect to purchase and sales of WEBS of any stock of WEBS Index Series, you are a DTC participant. Any change in the Company foregoing status shall terminate this Agreement and you shall give prompt written notice to the Distributor and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise Fund of this option under the Securities Actsuch change. (ve) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant We represent to you that we are a registration statement under the Securities Act, the Optionee will not, without the prior written consent member in good standing of the Company, offer, sell, contract NASD and agree to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as abide by all of the date of such payment, the representations made in this Section 12NASD's rules and regulations.

Appears in 2 contracts

Sources: Sales and Investor Services Agreement (Webs Index Fund Inc), Sales and Investor Services Agreement (Webs Index Fund Inc)

Representations. The Optionee representsRecipient represents and warrants as follows: the Recipient hereby acknowledges that an investment in the Shares involves certain significant risks. The Recipient acknowledges and hereby agrees that the Shares will not be transferable under any circumstances unless the Shares are registered in accordance with federal and state securities laws or an exemption under such laws is available. The Recipient further acknowledges and hereby agrees that the Shares are subject to restrictions and obligations as set forth in the Subscription Agreement, warrants that Shares are subject to forfeiture pursuant to the forfeiture provision contained in Section 3.1 thereto, and covenants that: the Insider Letter to be entered into among the Company, the GP Sponsor, the Recipient, and the other parties thereto, substantially in the form attached as Annex II hereto, and the lock-up provisions therein. The Recipient further understands that any certificates evidencing the Shares bear a legend (ias provided in the Subscription Agreement) Any shares purchased upon exercise of this option shall be acquired referring to the foregoing transfer restrictions. The Shares are being assigned solely for the Optionee's account Recipient’s own account, for investment purposes only, and are not being assigned with a view to, to or for sale in connection withthe resale, distribution, subdivision or fractionalization thereof; and the Recipient has no present plans to enter into any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act")contract, undertaking, agreement or any rule arrangement for such resale, distribution, subdivision or regulation under the Securities Act. (ii) fractionalization. The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee Recipient is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option its investment for an indefinite period. period of time. The Recipient has been given the opportunity to (ivi) The Optionee understands that (A) ask questions of and receive answers from the shares acquired pursuant to GP Sponsor and the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information Company concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; the Shares, and the business and financial condition of the Company and (Dii) there obtain any additional information that the GP Sponsor possesses or can acquire without unreasonable effort or expense that is now no registration statement necessary to assist the Recipient in evaluating the advisability of the receipt of the Shares and an investment in the Company. The Recipient is not relying on file with any oral representation made by any person as to the Company or its operations, financial condition or prospects. The Recipient is an “accredited investor” as defined in Regulation D promulgated by the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any Act of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed1933, as of the date of such payment, the representations made in this Section 12amended.

Appears in 2 contracts

Sources: Securities Assignment Agreement (GP-Act III Acquisition Corp.), Securities Assignment Agreement (GP-Act III Acquisition Corp.)

Representations. The Optionee representsIn connection with my exercise of the Option, warrants and covenants thatI hereby represent to the Company as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for I am acquiring the Optionee's account Shares solely for investment onlypurposes, and not with a view to, no present intention of distributing or for sale in connection with, reselling any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), Shares or any rule or regulation under interest therein. I acknowledge that the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Shares have not be been registered under the Securities Act of 1933, as amended (the “Securities Act”). (b) I am aware of the Company’s business affairs and financial condition and have acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Shares. (c) I understand that the Shares are "restricted securities" within ” under applicable U/S/ federal and state securities laws and that, pursuant to these laws, I must hold the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of Shares indefinitely unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and qualified by state authorities, or unless an exemption for such registration and qualification requirements ins available. I acknowledge that the Company has no obligation or current intention to register or qualify the Shares for resale. I further acknowledge that if an exemption from registration and qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of my control, and which the Company is under no obligation to and may not be able to satisfy. (d) I understand that there is no public market for the Shares, that no market may ever develop for them, and that the Shares have not been approved or disapproved by the Securities and Exchange Commission or any shares acquired pursuant other federal, state or other governmental agency. (e) I understand that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the Grant Agreement are incorporated herein by reference. (f) I understand that any Shares purchased hereunder shall be subject to the Stockholders’ Agreement of the Company dated as of December 8, 2005, as it may be amended from time to time (“Stockholders’ Agreement”), a copy of which has been provided to me, and that it is a condition to the exercise of this option under my Option that I execute the Securities Actattached signature page of the Stockholders’ Agreement, agreeing to be bound thereby. I have had a full and fair opportunity to review the Stockholders’ Agreement prior to exercising the Option. (vg) The Optionee agrees thatI understand that the certificate representing the Shares will be imprinted with the following legends: THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, if AS AMENDED, OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT CONVERING SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THE SECURITIES, REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DEIVERY REQUIREMENTS OF SUCH ACT AND APPLICABLE STATE SECURITIES LAWS. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF FIRST REFUSAL AND A REPURCHASE RIGHT IN FAVOR OD THE COMPANY OR ITS ASSIGNEE AS SET FORTH IN THE COMPANY’S STOCK OPTION PLAN. SUCH RIGHT OF FIRST REFUSAL AND REPURCHASE RIGHT ARE BINDING ON TRANSFEREES OF THE SHARES REPRESENTED BY THIS CERTIFICATE. THIS CERTIFICATE AND THE SECURITIES REPRESENTED HEREBY ARE HELD SUBJECT OT THE TERMS, COVENANTS AND CONDITIONS OF A STOCKHOLDERS’ AGREEMENT DATED AS OF DECEMBER 8, 2005, AS SUCH AGREEMENT MAY BE AMENDED, BY AND AMONG THE STOCKHOLDERS OF CPF FINANCE, INC., AND MAY BOT BE TRANSFERRED OR DISPOSED OF EXCEPT IN ACCORDANCE WITH THE TERMS AND PROVISIONS THEREOF. A COPY OF SAID AGREEMENT AND ALL AMENDMENTS THEREOF IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICES OF THIS COMPANY. (h) I have consulted my own tax advisors in connection with my exercise of this Option and I am not relying upon the Company offers for any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent tax advice. (j) I am presently an employee of the Company, offeror my employment has been terminated involuntarily or due to death or Disability (as defined in the Plan) within the past 30 days. Submitted by the Optionholder: Date: By: ______________________________________ Print Name: ______________________________________ Address: ______________________________________ _________________________________ _________________________________ Social Security No. ____________________ Received and Accepted by the Company: CPG Finance, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.Inc. By: ______________________________________ Print Name: ______________________________________ Title: ______________________________________

Appears in 1 contract

Sources: Stock Option Grant Agreement (Exopack Holding Corp)

Representations. The Optionee Company hereby represents, warrants and covenants thatto TRILLIUM as follows: (i) Any a. There are 297,399,177 shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information authorized, of which 1,200,000,000 Shares of Common Stock are issued and outstanding as is necessary of August 12, 2020; b. The shares of Common Stock to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid and non-assessable, free and clear of all liens, encumbrances and preemptive and similar rights to subscribe for or purchase securities; c. Upon Court approval of this option for an indefinite period. (iv) The Optionee understands that (A) Stipulation and entry of the Order, the shares acquired pursuant to the exercise of this option will not be registered exempt from registration under the Securities Act and are "restricted securities" within issuable without any restrictive legend; d. The Company has, or will have, reserved from its duly authorized capital stock a number of shares of Common Stock at least equal to the meaning number of Rule 144 shares that could be issued pursuant to the terms of the Order; e. If at any time it appears reasonably likely that there may be insufficient authorized shares to fully comply with the Order, Company shall promptly increase its authorized shares to ensure its ability to timely comply with the Order; f. The execution of this Agreement and performance of the Order by Company and TRILLIUM will not (1) conflict with, violate or cause a breach or default under any agreements between Company and any creditor (or any affiliate thereof) related to the Securities Act; account receivables comprising the Claims, or (B2) such shares canrequire any waiver, consent, or other action of the Company or any creditor, or their respective affiliates, that has not be soldalready been obtained; g. Without limitation, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) Company hereby waives any provision in any eventagreement related to the account receivables comprising the Claims requiring payments to be applied in a certain order, manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; h. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; i. The execution, delivery and performance of this Agreement by Company has been duly authorized by all requisite action on the part of Company (including a majority of its independent directors), and this Agreement has been duly executed and delivered by Company; j. Company did not enter into the transaction giving rise to the Claims in contemplation of any sale or distribution of Company’s common stock or other securities; k. There has been no modification, compromise, forbearance, or waiver entered into or given by the Company with respect to the Claims. There is no action based on the Claims by the Company that is currently pending in any other court or other legal venue, and no judgments based upon the Claims have been previously entered in any legal proceeding; l. There are no taxes due, payable or withholdable as an exemption incident of Seller’s provision of goods and services, and no taxes will be due, payable or withholdable as a result of settlement of the Claims; m. To the best of the Company’s knowledge, no Non-Affiliate Seller is, directly or indirectly, utilizing any of the proceeds received from registration under Rule 144 TRILLIUM for selling the Claims to provide any consideration to or otherwise under invest in any manner in the Securities Act Company or any affiliate of the Company; n. Company has not be available for at least two years and even then will not be available unless received any notice (oral or written) from the SEC or Principal Market regarding a public market then exists for halt, limitation or suspension of trading in the Common Stock; and o. No Non-Affiliate Seller will, adequate information concerning the Company is then available to the publicdirectly or indirectly, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to receive any stock of the Company and the Company has no obligation consideration from or current intention to register be compensated in any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Actmanner by, the Optionee will notCompany, without the prior written consent or any affiliate of the Company, offerin exchange for or in consideration of selling the Claims. p. Company acknowledges that TRILLIUM or its affiliates may from time to time, sellhold outstanding securities of the Company, contract including securities which may be convertible in shares of the Company’s common stock at a floating conversion rate tied to sell or otherwise dispose ofthe current market price for the stock. The number of shares of Common Stock issuable pursuant to this Agreement may increase substantially in certain circumstances, directly or indirectly (including, but not necessarily limited to the circumstance wherein the trading price of the Common Stock declines during the Valuation Period. The Company’s executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a "Disposition")potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such transaction is in the best interests of the Company. The Company specifically acknowledges that its obligation to issue the Settlement Shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company. TRILLIUM hereby represents, any shares purchased warrants and covenants to Company as follows: a. It acquired the Claims pursuant to the execution of Claim Purchase Agreements with Sellers, to whom payment is conditioned upon exercise the full performance by Company of the terms of this option for Agreement; b. It is a period limited liability company duly filed and in good standing under the laws of 90 days after the effective date of such registration statement. By making payment upon exercise Delaware; and c. The execution, delivery and performance of this optionStipulation by TRILLIUM has been duly authorized by all requisite action on the part of TRILLIUM, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in and this Section 12Stipulation has been duly executed and delivered by TRILLIUM.

Appears in 1 contract

Sources: Settlement Agreement (Wearable Health Solutions, Inc.)

Representations. The Optionee represents, (a) Orgenesis Parent represents and warrants and covenants that: that Orgenesis Parent (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale is an “accredited investor” as such term is defined in connection with, any distribution of the shares in violation of Regulation D under the Securities Act of 1933 1933, as amended (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of understands and acknowledges that the Company such information as is necessary to permit the Optionee to evaluate the merits Designated Subsidiary Equity Interests have not been and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and Act, or applicable State or other securities Laws, are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or being sold pursuant to an exemption from the registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions requirements of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, and may not be offered or sold in the Optionee will notUnited States except in transactions exempt from the registration requirements of the Securities Act and applicable State securities Laws then in effect, (iii) is acquiring the Designated Subsidiary Equity Interests for investment purposes, and not with a view to the resale or distribution thereof in violation of the Securities Act, and (iv) is familiar with the business, operations, condition (financial or otherwise) and prospects of the Designated Subsidiaries and has independently and without reliance upon the prior written consent Company or Investor, and based on such information as Orgenesis Parent has deemed appropriate, made its own analysis and decision to purchase the Designated Subsidiary Equity Interests and acknowledges that the Company and Investor have not given Orgenesis Parent any investment advice, credit information or opinion on whether the purchase of the Designated Subsidiary Equity Interests is prudent. (b) Each of the Company, offerInvestor, sellIsrael Sub, contract South Korea Sub and Orgenesis Parent acknowledges and agrees that (i) the Designated Subsidiary Equity Interests and the Designated Subsidiaries are being transferred to sell or otherwise dispose ofOrgenesis Parent without recourse and on an “as is/where is” basis and (ii) NEITHER THE COMPANY, directly or indirectly THE INVESTOR, NOR ANY OTHER PERSON MAKES ANY REPRESENTATION OR WARRANTY, WRITTEN OR ORAL, STATUTORY, EXPRESS OR IMPLIED, WITH RESPECT TO THE DESIGNATED SUBSIDIARIES OR THE DESIGNATED SUBSIDIARY EQUITY INTERESTS OR THEIR BUSINESS, OPERATIONS, ASSETS, LIABILITIES, CONDITION (a "Disposition")FINANCIAL OR OTHERWISE) OR PROSPECTS. ORGENESIS PARENT HEREBY EXPRESSLY WAIVES ANY CLAIMS AND CAUSES OF ACTION AND ANY REPRESENTATIONS OR WARRANTIES, any shares purchased upon exercise EXPRESS, IMPLIED, AT COMMON LAW, BY STATUTE OR OTHERWISE IN EACH CASE RELATING TO THE DESIGNATED SUBSIDIARIES AND THE DESIGNATED SUBSIDIARY EQUITY INTERESTS AND NEITHER THE COMPANY, NOR INVESTOR, NOR ANY OTHER PERSON IS MAKING ANY REPRESENTATION OR WARRANTY TO ORGENESIS PARENT WITH RESPECT TO ANY FINANCIAL PROJECTION OR FORECAST RELATING TO THE BUSINESS, OPERATIONS, ASSETS, LIABILITIES, CONDITION (FINANCIAL OR OTHERWISE) OR PROSPECTS OF THE DESIGNATED SUBSIDIARIES OR THE DESIGNATED SUBSIDIARY EQUITY INTERESTS. (c) Each of this option Orgenesis Parent and the Company acknowledge and agree that all corporate approvals by the Company that are necessary for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to transactions contemplated herein have reaffirmed, as of the date of such payment, the representations made in this Section 12been taken.

Appears in 1 contract

Sources: Transfer Agreement (Orgenesis Inc.)

Representations. The Optionee representsWarranties and Covenants of the Subscriber. In order to induce the Company to accept this subscription, the Subscriber hereby represents and warrants to, and covenants thatwith, the Company as follows: (i) Any shares purchased The Subscriber is an "Accredited Investor" as such term is defined in Regulation D under the Securities Act of 1933, as amended (the “Securities Act”); and (ii) The Subscriber understands that the Shares have not been registered under the Securities Act or the securities laws of any state, based upon exercise an exemption from such registration requirements for non-public offerings pursuant to Regulation D or other exemptions under the Securities Act and an exemption from such registration requirements under the applicable state securities laws; and (iii) The Subscriber's legal residence, if the Subscriber is a natural person, or the Subscriber’s state of this organization, if the Subscriber is a legal entity is in the State of ____________ or another jurisdiction approved for offering of the Shares by legal counsel for the Company; and (iv) The Subscriber understands that restrictions on transferability of the Shares imposed by the Securities Act and applicable state securities laws; and (v) The Subscriber understands that his/her/its subscription may be rejected or accepted in whole or in part at the option and discretion of the Company; and (vi) The Shares are and will be "restricted securities," as said term is defined in Rule 144 promulgated under the Securities Act; and (vii) The Subscriber agrees that he/she/it will not sell or otherwise transfer any of the Shares or any interest therein, unless and until: (A) said Shares shall have first been registered under the Securities Act and all applicable state securities laws; or (B) the Subscriber shall have first delivered to the Company a written opinion of counsel (which counsel and opinion shall be acquired reasonably satisfactory to the Company) to the effect that the proposed sale or transfer is exempt from the registration provisions of the Securities Act and all applicable state securities laws; and (viii) The Subscriber is acquiring the Shares solely for the Optionee's account of the Subscriber, for his/her/its own account, for investment purposes only, and not with a view totowards the resale or distribution thereof; and (ix) The Subscriber either (alone or together with his/her/its Purchaser Representative, or for sale in connection withif any) has had a reasonable opportunity to ask questions of and receive answers from the Company, any distribution and all such questions, if any, have been answered to the full satisfaction of the shares in violation of Subscriber and the Securities Act of 1933 (Subscriber has had the "Securities Act")opportunity to receive all other relevant documents concerning the Company, or any rule or regulation under the Securities Act.Shares and the Offering; and (iix) The Optionee Subscriber either alone or together with his/her/its Purchaser Representative, if any, has had such opportunity as he or she has deemed adequate the requisite knowledge and expertise in financial and business matters to obtain from representatives be capable of the Company such information as is necessary to permit the Optionee to evaluate evaluating the merits and risks of his or her involved in an investment in the Company.Company and the Shares; and (iiixi) The Optionee Subscriber acknowledges that an investment in the Shares entails a number of very significant risks and funds should only be invested if the Subscriber is able to withstand the total loss of his/her/its investment; and (xii) The Subscriber acknowledges and agrees that except as set forth in this Subscription Agreement, no representations or warranties have been made to the Subscriber by the Company or any agent, employee or affiliate of the Company and in entering into this transaction the Subscriber is not relying upon any information, other than the information that is publicly available regarding the Company and the results of independent investigation by the Subscriber (and the Subscriber's Purchaser Representative, if any); and (xiii) The Subscriber understands that the Shares are being offered and sold expressly conditioned upon the satisfaction of specific exemptions from the registration requirements of federal and state securities laws and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Subscriber set forth herein in order to determine the applicability of such exemptions and the suitability of the Subscriber to acquire the Shares, and the Subscriber acknowledges that it is solely the Subscriber's responsibility to satisfy himself/herself/itself as to the full observance by this Offering and the sale of the Shares to Subscriber of the laws of any jurisdiction outside the United States and the Subscriber has done so; and (xiv) The Subscriber has full power and authority to execute and deliver this Subscription Agreement and to perform the obligations of the Subscriber hereunder, and this Subscription Agreement is a legally binding obligation of the Subscriber enforceable against Subscriber in accordance with its terms; and (xv) The Subscriber is able to bear the economic risk of holding such shares acquired pursuant even a total loss of his/her/its investment and are otherwise financially suitable for this investment; and (xvi) The Subscriber has sufficient net worth to assume the risks associated with this investment and has no need for liquidity with respect to the exercise of this option for an indefinite period.investment in the Shares to meet his/her/its current or future needs; and (ivxvii) The Optionee understands that Subscriber, if a natural person, has reached the age of majority and is mentally competent to complete and execute the appropriate Subscription Documents; and (Axviii) If the shares acquired pursuant Subscriber is a corporation, partnership, limited liability company, trust, retirement account or other entity, the person executing this Subscription Agreement has reached the age of majority, is mentally competent to complete and execute the exercise appropriate subscription documents and has the full power and authority to execute and deliver this Subscription Agreement on behalf of this option will not be registered the Subscriber, and the Subscriber is duly formed and organized, validly existing, and in good standing under the Securities Act laws of its jurisdiction of formation, and are "restricted securities" within is authorized by its governing documents to execute, deliver and perform its obligations under this Subscription Agreement and to become an Investor in the meaning Company; and (xix) The Subscriber understands and agrees that this Subscription Agreement is irrevocable and that the representations and warranties set forth herein shall survive the death or disability of Rule 144 under the Securities ActSubscriber, if the Subscriber is a natural person; and (Bxx) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under The Subscriber acknowledges that the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under Subscriber has been advised to consult with the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information Subscriber's own legal counsel regarding legal matters concerning the Company and to consult with the Subscriber's tax advisor regarding the tax consequences of investing in the Company; and (xxi) The Subscriber's overall commitment to investments which are not readily marketable is then available not disproportionate to the publicSubscriber's net worth and investment in the Shares will not cause the Subscriber's overall commitment to become excessive. The Subscriber is familiar with the nature of, and other terms risks attendant to, investments in securities of the type being subscribed for and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file has determined, in consultation with the Securities Subscriber's Purchaser Representative, if any, that the purchase of such securities is consistent with the Subscriber's investment objectives; and (xxii) The Subscriber was not induced to invest in the Shares by any form of general solicitation or general advertising, including, but not limited to, the following: (a) any advertisement, article, notice or other communication published in any newspaper, magazine or similar media or broadcast over the television or radio or the internet; or (b) any seminar or meeting whose attendees have been invited by any general solicitation or general advertising; and (xxiii) In making an investment decision, the undersigned Subscriber understands and Exchange Commission with respect acknowledges that he/she/it is expected to any stock conduct his/her/its own due diligence and must rely on his, her/its own examination of the Company and the Company terms of the Offering, including the merits and risks involved; (xxiv) In making an investment decision, the undersigned Subscriber has no obligation or current intention to register any shares acquired pursuant relied only on his/her/its own tax advisor with respect to the exercise of this option under federal, State, local and foreign tax consequences arising from an investment in the Securities ActShares. (vxxv) as a result of the SEC’s ▇▇▇▇▇ filing system, the Subscriber is aware of current information regarding the Company including the fact that the Company has a currently pending registration statement (the “Registration Statement”) on file with the SEC; and (xxvi) The Optionee Company did not give the Subscriber a copy of the Registration Statement and the Subscriber was not induced to invest in the Shares by the Registration Statement; and (xxvii) notwithstanding the Subscriber’s knowledge about current information regarding through the SEC’s ▇▇▇▇▇ filing system, the Subscriber was not identified or contacted through the marketing of the proposed public offering; and (xxviii) the Subscriber did not independently contact the Company as a result of the general solicitation by means of the Registration Statement; and (xxix) The Subscriber was not induced to invest in the Shares by any form of general solicitation or general advertising, including, but not limited to, the following: (a) any advertisement, article, notice or other communication published in any newspaper, magazine or similar media or broadcast over the television or radio or the internet; or (b) any seminar or meeting whose attendees have been invited by any general solicitation or general advertising; and (xxx) The Subscriber understands and agrees thatthat the Company is relying on these representations and warranties of the Subscriber in connection with compliance with the requirements of the exemption from the registration requirements for non-public offerings pursuant to Section 4(2) of the Securities Act and the rules and regulations promulgated thereunder and that the representations and warranties set forth herein shall survive the death or disability of the Subscriber, if the Company offers any of its Common Stock for sale pursuant to Subscriber is a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12natural person.

Appears in 1 contract

Sources: Subscription Agreement (ONE Bio, Corp.)

Representations. The Optionee Company hereby represents, warrants and covenants thatto ANTEVORTA as follows: (i) Any a. There are 150,000,000 shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information authorized, of which approximately 62,294,700 Shares of Common Stock are issued and outstanding as is necessary of April 15, 2019; b. The shares of Common Stock to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid and non-assessable, free and clear of all liens, encumbrances and preemptive and similar rights to subscribe for or purchase securities; c. Upon Court approval of this option for an indefinite period. (iv) The Optionee understands that (A) Stipulation and entry of the Order, the shares acquired pursuant to the exercise of this option will not be registered exempt from registration under the Securities Act and are "restricted securities" within issuable without any restrictive legend; d. The Company has reserved from its duly authorized capital stock a number of shares of Common Stock at least equal to the meaning number of Rule 144 shares that could be issued pursuant to the terms of the Order; e. If at any time it appears reasonably likely that there may be insufficient authorized shares to fully comply with the Order, Company shall promptly increase its authorized shares to ensure its ability to timely comply with the Order; f. The execution of this Agreement and performance of the Order by Company and ANTEVORTA will not (1) conflict with, violate or cause a breach or default under any agreements between Company and any creditor (or any affiliate thereof) related to the Securities Act; account receivables comprising the Claims, or (B2) such shares canrequire any waiver, consent, or other action of the Company or any creditor, or their respective affiliates, that has not be soldalready been obtained; g. Without limitation, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) Company hereby waives any provision in any eventagreement related to the account receivables comprising the Claims requiring payments to be applied in a certain order, an exemption from registration manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; h. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under Rule 144 this Agreement; i. The execution, delivery and performance of this Agreement by Company has been duly authorized by all requisite action on the part of Company (including a majority of its independent directors), and this Agreement has been duly executed and delivered by Company; j. Company did not enter into the transaction giving rise to the Claims in contemplation of any sale or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stockdistribution of Company’s common stock or other securities; k. There has been no modification, adequate information concerning compromise, forbearance, or waiver entered into or given by the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to the Claims. There is no action based on the Claims by the Company that is currently pending in any stock other court or other legal venue, and no judgments based upon the Claims have been previously entered in any legal proceeding; l. There are no taxes due, payable or withholdable as an incident of the Company provision of goods and the Company has services, and no obligation taxes will be due, payable or current intention to register any shares acquired pursuant to the exercise withholdable as a result of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent settlement of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.Claims;

Appears in 1 contract

Sources: Settlement Agreement (Lifequest World Corp.)

Representations. The Optionee representsEach party to this Agreement hereby makes the following representations and warranties, warrants and covenants thatwhich shall continue during the term of any Loan hereunder: 9.1 Each party hereto represents and warrants that (ia) Any shares purchased upon exercise it has the power to execute and deliver this Agreement, to enter into the Loans contemplated hereby and to perform its obligations hereunder; (b) it has taken all necessary action to authorize such execution, delivery and performance; and (c) this Agreement constitutes a legal, valid and binding obligation enforceable against it in accordance with its terms. 9.2 Each party hereto represents and warrants that the execution, delivery and performance by it of this option shall be acquired Agreement and each Loan hereunder will at all times comply with all applicable laws and regulations including those of applicable regulatory and self-regulatory organizations. 6 - May 1993 - Master Securities Loan Agreement 9.3 Each party hereto represents and warrants that it has not relied on the other for any tax or accounting advice concerning this Agreement and that it has made its own determination as to the Optionee's tax and accounting treatment of any Loan and any dividends, remuneration or other funds received hereunder. 9.4 Borrower represents and warrants that it is acting for its own account. Lender represents and warrants that it is acting for its own account for investment only, unless it expressly specifies otherwise in writing and not complies with a view toSection 10.3(b). 9.5 Borrower represents and warrants that (a) it has, or for sale in connection withwill have at the time of transfer of any Collateral, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate right to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant grant a first security interest therein subject to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; hereof and (Db) there it (or the person to whom it relends the Loaned Securities) is now no registration statement on file with borrowing or will borrow the Loaned Securities and Exchange Commission with respect to any stock (except for Loaned Securities that qualify as "exempted securities" under Regulation T of the Company and Board of Governors of the Company has no obligation Federal Reserve System) for the purpose of making delivery of such securities in the case of short sales, failure to receive securities required to be delivered, or current intention to register any shares acquired as otherwise permitted pursuant to the exercise of this option under the Securities ActRegulation T as in effect from time to time. (v) The Optionee agrees that9.6 Lender represents and warrants that it has, if or will have at the Company offers time of transfer of any of its Common Stock for sale pursuant to a registration statement under the Securities ActLoaned Securities, the Optionee will not, without right to transfer the prior written consent of Loaned Securities subject to the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12terms and conditions hereof.

Appears in 1 contract

Sources: Securities Lending Management Agreement (American Aadvantage Funds)

Representations. The Optionee Employee represents and warrants to the Company that (a) the Employee has the legal right to enter into this Agreement and to perform all of the obligations on the Employee’s part to be performed hereunder in accordance with its terms, and (b) the Employee is not a party to any agreement or understanding, written or oral, and is not subject to any restriction, which, in either case, could prevent the Employee from entering into this Agreement or performing all of the Employee’s duties and obligations hereunder. In addition, the Employee acknowledges that the Employee is aware of Section 304 (Forfeiture of Certain Bonuses and Profits) of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and the right of the Company to be reimbursed for certain payments to the Employee in compliance therewith. In addition, the Employee hereby represents, warrants and covenants agrees with the Company that: : (i) Any shares purchased upon exercise a portion of the compensation payable to the Employee pursuant to this option shall be acquired Agreement constitutes good and valuable 11 consideration, the receipt and sufficiency of which are hereby expressly acknowledged, for the Optionee's account for investment only, covenants and not with a view to, or for sale agreements contained in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. Section 11 and Section 12; (ii) The Optionee has had such opportunity as he the covenants and agreements contained in Section 11 and Section 12 are reasonable, appropriate and suitable in their geographic scope, duration and content; the Employee shall not, directly or she has deemed adequate to obtain from representatives indirectly, raise any issue of the Company reasonableness, appropriateness and suitability of the geographic scope, duration or content of such information as is necessary covenants and agreements in any proceeding to permit enforce such covenants and agreements; and such covenants and agreements shall survive the Optionee to evaluate termination of the merits and risks of his or her investment in Employees employment for the Company. durations set forth therein; (iii) The Optionee is able the enforcement of any remedy under this Agreement will not prevent the Employee from earning a livelihood because the Employee’s past work history and abilities are such that the Employee reasonably can expect to bear the economic risk find work, if he so chooses, in other areas and lines of holding such shares acquired pursuant to the exercise of this option for an indefinite period. business; (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act covenants and agreements stated in Section 11 and Section 12 are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists essential for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied withEmployer’s reasonable protection; and (Dv) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to reasonably relied on these covenants and agreements by the exercise of this option under the Securities ActEmployee. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 1 contract

Sources: Employment Agreement (Reunion Hospitality Trust, Inc.)

Representations. The Optionee Company hereby represents, warrants and covenants thatto TRILLIUM as follows: (i) Any a. There are 10,000,000,000 shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information authorized, of which 60,321,098 Shares of Common Stock are issued and outstanding as is necessary of September 30, 2019; b. The shares of Common Stock to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid and non-assessable, free and clear of all liens, encumbrances and preemptive and similar rights to subscribe for or purchase securities; c. Upon Court approval of this option for an indefinite period. (iv) The Optionee understands that (A) Stipulation and entry of the Order, the shares acquired pursuant to the exercise of this option will not be registered exempt from registration under the Securities Act and are "restricted securities" within the meaning issuable without any restrictive legend; d. The Company has, or will have, reserved from its duly authorized capital stock a number of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for Common Stock at least two years equal to the number of shares that could be issued pursuant to the terms of the Order; e. If at any time it appears reasonably likely that there may be insufficient authorized shares to fully comply with the Order, Company shall promptly increase its authorized shares to ensure its ability to timely comply with the Order; f. The execution of this Agreement and even then performance of the Order by Company and TRILLIUM will not be available unless (1) conflict with, violate or cause a public market then exists for the Common Stock, adequate information concerning the breach or default under any agreements between Company is then available and any creditor (or any affiliate thereof) related to the publicClaim, and or (2) require any waiver, consent, or other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock action of the Company and or any creditor, or their respective affiliates, that has not already been obtained; g. Without limitation, the Company has no obligation or current intention to register hereby waives any shares acquired pursuant provision in any agreement related to the exercise Claim requiring payments to be applied in a certain order, manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; h. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; i. The execution, delivery and performance of this option under Agreement by Company has been duly authorized by all requisite action on the Securities Act. part of Company (v) The Optionee agrees that, if the Company offers any including a majority of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"independent directors), any shares purchased upon exercise of and this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.Agreement has been duly executed and delivered by Company;

Appears in 1 contract

Sources: Settlement Agreement (Renewable Energy & Power, Inc.)

Representations. The Optionee representsundersigned hereby unconditionally represents and warrants to the Company, warrants and covenants its agents, officers, directors, affiliates and control persons, that: (i) Any 1. The undersigned acknowledges that the Company files Current, Quarterly, Annual and other Reports with the U.S. Securities and Exchange Commission and the shares purchased upon exercise of this option shall be acquired for Common Stock are listed on the Optionee's account OTCQB market under the symbol “GRMH.” 2. The undersigned is acquiring the Common Stock and will receive and hold the Common Stock for investment only, purposes only and not with a view to, or for sale in connection with, any a distribution of any part or all of the Common Stock and will not sell, transfer, assign, encumber or otherwise dispose of the Common Stock in the absence of an effective registration statement covering the Common Stock shares in violation of under the Securities Act of 1933 1933, as amended (the "Securities “1933 Act"), and applicable state securities laws, or without an opinion of counsel, which opinion must be satisfactory to the Company, that registration is not required thereunder. 3. The undersigned confirms that, in making the decision to purchase the Common Stock subscribed for purchase, the undersigned has relied upon independent investigations made by the undersigned, or the undersigned’s representatives, including the undersigned’s own professional advisers, and that the undersigned and such representatives have been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company or any rule person(s) acting on its behalf concerning the Company and the terms of this transaction, and that no representations have been made to the undersigned concerning the Common Stock or regulation the Company or its businesses or other matters. 4. The undersigned understands that the Common Stock are being offered for sale pursuant to an exemption from registration under the Securities Act. (ii) The Optionee 1933 Act and Rule 506 of Regulation D promulgated thereunder, and represents and warrants that the Common Stock subscribed for are being acquired by the undersigned solely for the undersigned’s own account for investment purposes only; that the undersigned has had such opportunity as he no agreement or she has deemed adequate other arrangement, formal or informal, with any person to obtain from representatives sell, transfer or pledge any part of the Company Common Stock subscribed for hereby or which would guarantee the undersigned any profit or protect the undersigned against any loss with respect to the Common Stock; that the undersigned has no present plans to enter into any such information as is necessary to permit agreement or arrangement; and that the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee undersigned is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option investment in the Common Stock for an indefinite periodperiod of time. (iv) 5. The Optionee undersigned understands and acknowledges that each certificate evidencing the Common Stock shares to be issued to the undersigned will bear a restrictive legend substantially in the form: THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, THE OKLAHOMA SECURITIES ACT OR THE SECURITIES LAWS OF ANY OTHER STATE. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD OR TRANSFERRED FOR VALUE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION OF THEM UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND/OR THE SECURITIES LAWS OF ANY OTHER STATE OR AN OPINION OF COUNSEL OR OTHER DOCUMENTATION SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR ACTS. 6. The undersigned understands that (A) the shares acquired Common Stock will not be transferable, except pursuant to registration or a registration exemption under the exercise 1933 Act (including Rule 144 promulgated thereunder) and the applicable state securities laws, unless registered under the 1933 Act and applicable state laws. The undersigned has no need of immediate liquidity with respect to the undersigned’s investment in the Common Stock. 7. The undersigned hereby represents that the undersigned is an “accredited investor” as defined in Rule 501(a) of Regulation D, promulgated under the 1933 Act 8. The information set forth herein may be relied upon by the Company and as true and correct as of the date hereof. The undersigned acknowledges and understands that such information is being furnished so that the Company and can evaluate whether an investment in the Common Stock shares is suitable for the undersigned and this option Subscription Agreement may be accepted by the Company. The undersigned understands that the Common Stock shares will not be registered under the Securities 1933 Act in reliance upon exemptions from registration provided by the 1993 Act and are "restricted securities" within Regulation D promulgated thereunder and under exemptions available from the meaning of Rule 144 registration or qualification requirements under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration applicable state securities laws. The undersigned is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of aware that the Company and will rely upon the Company has no obligation or current intention to register any shares acquired pursuant to representations and warranties set forth herein, in part, in determining whether the exercise Offering meets the conditions specified in Rule 506 and other provisions of this option Regulation D promulgated under the Securities Act1933 Act and under exemptions available from the registration or qualification requirements under applicable state securities laws. (v) 9. The Optionee undersigned agrees that, if that the Company offers any representations and warranties contained herein shall survive the undersigned’s purchase of its the Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent shares of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 1 contract

Sources: Subscription Agreement (Graymark Healthcare, Inc.)

Representations. The Optionee Employee represents and warrants to the Company that (a) the Employee has the legal right to enter into this Agreement and to perform all of the obligations on the Employee’s part to be performed hereunder in accordance with its terms, and (b) the Employee is not a party to any agreement or understanding, written or oral, and is not subject to any restriction, which, in 11 either case, could prevent the Employee from entering into this Agreement or performing all of the Employee’s duties and obligations hereunder. In addition, the Employee acknowledges that the Employee is aware of Section 304 (Forfeiture of Certain Bonuses and Profits) of the S▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and the right of the Company to be reimbursed for certain payments to the Employee in compliance therewith. In addition, the Employee hereby represents, warrants and covenants agrees with the Company that: : (i) Any shares purchased upon exercise a portion of the compensation payable to the Employee pursuant to this option shall be acquired Agreement constitutes good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, for the Optionee's account for investment only, covenants and not with a view to, or for sale agreements contained in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. Section 11 and Section 12; (ii) The Optionee has had such opportunity as he the covenants and agreements contained in Section 11 and Section 12 are reasonable, appropriate and suitable in their geographic scope, duration and content; the Employee shall not, directly or she has deemed adequate to obtain from representatives indirectly, raise any issue of the Company reasonableness, appropriateness and suitability of the geographic scope, duration or content of such information as is necessary covenants and agreements in any proceeding to permit enforce such covenants and agreements; and such covenants and agreements shall survive the Optionee to evaluate termination of the merits and risks of his or her investment in Employees employment for the Company. durations set forth therein; (iii) The Optionee is able the enforcement of any remedy under this Agreement will not prevent the Employee from earning a livelihood because the Employee’s past work history and abilities are such that the Employee reasonably can expect to bear the economic risk find work, if he so chooses, in other areas and lines of holding such shares acquired pursuant to the exercise of this option for an indefinite period. business; (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act covenants and agreements stated in Section 11 and Section 12 are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists essential for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied withEmployer’s reasonable protection; and (Dv) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to reasonably relied on these covenants and agreements by the exercise of this option under the Securities ActEmployee. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 1 contract

Sources: Employment Agreement (Reunion Hospitality Trust, Inc.)

Representations. The Optionee Company hereby represents, warrants and covenants thatto SHC as follows: a. There are fifty-five million (i55,000,000) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information authorized as is necessary of August 7, 2024 of which approximately twenty-four million, five hundred seventy-six thousand and eight hundred eighty (24,576,880) Shares of Common Stock are issued and outstanding as of August 7, 2024; and Seventeen million, nine hundred ninety-two thousand and nine hundred forty-two (17,992,942) Shares of Common Stock are available for issuance pursuant hereto; b. The shares of Common Stock to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid and non-assessable, free and clear of this option all liens, encumbrances and preemptive and similar rights to subscribe for an indefinite period.or purchase securities; (iv) c. The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered exempt from registration under the Securities Act and issuable without any restrictive legend; d. The Company shall initially reserve from its duly authorized capital stock a number of shares of Common Stock at least equal to two (2) times the greater of the number of shares that could be issued pursuant to the terms of the Order and that Company shall initially reserve at its transfer agent, at a minimum, Seventeen Million (17,000,000) shares during the Valuation Period in order to ensure that it can properly carry out the terms of this agreement, which may only be released to Company once all of the Settlement Shares and Settlement Fee Shares have been delivered and converted pursuant to this agreement and Company’s obligations are "restricted otherwise fully satisfied or there has otherwise been a default pursuant to the terms of this agreement; of this reserve amount, SHC plans on converting this Settlement into that number of shares and in many instances more shares, should the price go down. In the event that Company effectuates a reverse split of Company’s Common Stock while any obligations are owed to SHC pursuant to this Agreement by Company, then the reserve shares shall be proportionately adjusted; e. If at any time it appears reasonably likely that there may be insufficient authorized shares and/or reserve shares to fully comply with the Order, Company shall promptly increase its authorized shares and/or reserve shares to ensure its ability to timely comply with the Order; f. As of the date of this agreement the execution of this Agreement and performance of the Order by Company and SHC will not (1) conflict with, violate or cause a breach or default under any agreements between Company and any creditor (or any affiliate thereof) related to the account receivables comprising the Claims, or (2) require any waiver, consent, or other action of the Company or any creditor, or their respective affiliates, that has not already been obtained; g. Without limitation, the Company hereby waives any provision in any agreement related to the account receivables comprising the Claims requiring payments to be applied in a certain order, manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; h. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; i. The Company has corporate Shareholder’s delegations in place with sufficient authorized capital or shall arrange a Shareholder’s meeting to satisfy the legal and regulatory requirements in connection with this transaction; j. The corporate issuance shall be made without preferential subscription rights of the existing Shareholder’s or holders of Securities granting access to the Company’s capital; k. This Settlement Agreement and Stipulation shall be subject to all required corporate authorizations by the Company; l. The execution, delivery and performance of this Agreement by Company has been duly authorized by all requisite action on the part of Company and its Board of Directors (including a majority of its independent directors), and this Agreement has been duly executed and delivered by Company; m. Company did not enter into the transaction giving rise to the Claims in contemplation of any sale or distribution of Company’s common stock or other securities" ; n. There has been no modification, compromise, forbearance, or waiver entered into or given with respect to the Claims. There is no action based on the Claims that is currently pending in any court or other legal venue, and no judgments based upon the Claims have been previously entered in any legal proceeding with the exceptions as contained in the Claim Purchase Agreements; o. There are no taxes due, payable or withholdable as an incident of Seller’s provision of goods and services, and no taxes will be due, payable or withholdable as a result of settlement of the Claims; p. Seller was not and within the past ninety (90) days has not been directly or indirectly through one or more intermediaries in control, controlled by, or under common control with, the Company and is not an affiliate of the Company as defined in Rule 144 promulgated under the Act; q. Company is operational and is a non-shell company within the meaning of Rule 144 under 405 and all applicable Securities Rules and Registration pertaining thereto; r. Company represents that Seller is not, directly or indirectly, utilizing any of the Securities Act; (B) such shares cannot be sold, transferred proceeds received from SHC for selling the Claims to provide any consideration to or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) invest in any eventmanner in the Company or any affiliate of the Company; s. Company has not received any notice (oral or written) from the SEC or Principal Market regarding a halt, an exemption from registration under Rule 144 limitation or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for suspension of trading in the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act.and (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee t. Seller will not, without directly or indirectly, receive any consideration from or be compensated in any manner by, the prior written consent Company, or any affiliate of the Company, offer, sell, contract to sell in exchange for or otherwise dispose of, directly in consideration of selling the Claims; u. Company represents that each Claim being purchased pursuant hereto is a bona-fide Claim against the Company and that the invoices or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as written contract(s)/promissory notes underlying each Claim are accurate representations of the date nature of the debt and the amounts owed by the Company to Seller and that the goods or services which are the subject of the Claims being purchased have been received or rendered; v. Company acknowledges that SHC or its affiliates may from time to time, hold outstanding securities of the Company which may be convertible in shares of the Company’s common stock at a floating conversion rate tied to the current market price for the stock. The number of shares of Common Stock issuable pursuant to this Agreement may increase substantially in certain circumstances, including, but not necessarily limited to the circumstance wherein the trading price of the Common Stock declines during the Valuation Period. The Company’s executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such payment, transaction is in the representations made best interests of the Company. The Company specifically acknowledges that its obligation to issue the Settlement Shares and Settlement Fee Shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company. The Board of Directors of the Company has further given its consent for each conversion of shares of stock pursuant to this agreement and agrees and consents that same may occur below the par value of the Company’s Common Stock if applicable. w. None of the transactions agreements or proceedings described above is part of a plan or scheme to evade the registration requirements of the Securities Act and JTAI and SHC are acting and has acted in this Section 12an arms length capacity.

Appears in 1 contract

Sources: Settlement Agreement (Jet.AI Inc.)

Representations. The Optionee representsIn connection with the acquisition of the Shares, warrants and covenants thatyou represent to the Company the following: (ia) Any shares purchased upon exercise You are sufficiently aware of this option shall be acquired the Company’s business affairs and financial condition to reach an informed and knowledgeable decision to acquire the Shares and is receiving the Shares for the Optionee's your own account for investment only, purposes only and not with a view to, or for sale the resale in connection with, any distribution of the shares in violation “distribution” thereof for purposes of the Securities Act of 1933 1933, as amended (the "Securities Act"), or any rule or regulation under the Securities Act. (iib) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of You understand that the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Shares have not be been registered under the Securities Act and are "restricted securities" within in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the meaning bona fide nature of Rule 144 under your investment intent as expressed herein. In this connection, you understand that, in the view of the Securities Act; and Exchange Commission (Bthe “SEC”), the statutory basis for such exemption may be unavailable if your representation was predicated solely upon a present intention to hold these securities for the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or decrease in the market price of the Shares, or for a period of one (1) such shares canyear or any other fixed period in the future. In addition, you understand the Shares have not been registered under state securities laws. (c) You further understand that the Shares must be sold, transferred or otherwise disposed of held indefinitely unless they are subsequently registered under the Securities Act or unless an exemption from registration is then available; otherwise available (C) in any event, an exemption from registration under such as Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act); that the Company is under no obligation to register the securities; and that the certificate evidencing the Shares will be imprinted with a legend which prohibits the transfer of the Shares unless they are registered or such registration is not required in the opinion of counsel for the Company. (vd) The Optionee agrees thatYou are familiar with the provisions of Rule 144, if the Company offers any of its Common Stock for sale pursuant to a registration statement promulgated under the Securities Act, which, in substance, permits limited public resale of “restricted securities” acquired, directly or indirectly, from the Optionee issuer thereof (or from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions, including, among other things: (1) the availability of certain public information about the Company; (2) the resale occurring not less than one (1) year after the party has purchased, and made full payment for, within the meaning of Rule 144, the securities to be sold; and (3) in the case of an affiliate, or of a non-affiliate who has held the securities less than two (2) years, the sale being made through a broker in an unsolicited “broker’s transaction” or in transactions directly with a market maker, as such term is defined under the Securities Exchange Act of 1934 (the “Exchange Act”) and the amount of securities being sold during any three (3) month period not exceeding the specified limitations stated therein, if applicable. There can be no assurances that the requirements of Rule 144 will notbe met, without or that the Shares will ever be saleable. (e) You further understand that at the time you wish to sell the Shares there may be no public market upon which to make such a sale, and that, even if such a public market then exists, the Company may not be satisfying the current public information requirements of Rule 144, and that, in such event, you may be precluded from selling the Shares under Rule 144 even if the one-year minimum holding period had been satisfied. (f) You further understand that in the event all of the applicable requirements of Rule 144 are not satisfied, registration under the Securities Act, compliance with Regulation A, compliance with some other registration exemption or the notification to the Company of the proposed disposition by you and the furnishing to the Company of (i) detailed information regarding the disposition, and (ii) an opinion of your counsel to the effect that such disposition will not require registration (Grantee understands such counsel’s opinion shall concur with the opinion by counsel for the Company and Grantee shall have been informed of such concurrence) will be required and that, notwithstanding the fact that Rule 144 is not exclusive, the Staff of the SEC has offered its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective brokers who participate in such transactions do so at their own risk. (g) You understand that these representations are intended to restrict the Shares only to the extent required by applicable law, and they shall not be construed to increase the limitations on transfer of the Shares beyond the requirements of applicable law or this Agreement. (h) You acknowledge that the grant of the Shares, and the sale of such Shares has important tax implications. You have reviewed this Agreement in its entirety, have had an opportunity and have been encouraged to obtain the advise of independent legal counsel and tax advisor prior written consent to executing this Agreement and fully understand all provisions of this Agreement. You acknowledge that you are not relying on the Company for any tax advice with respect to the Restricted Share Grant, the shares of Common Stock you may acquire pursuant to the Restricted Share Grant or this Agreement. You further represent that you have read Section D.2 hereof regarding tax withholding obligations of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 1 contract

Sources: Equity Incentive Agreement (Movie Star Inc /Ny/)

Representations. (a) The Optionee represents, warrants undersigned is informed of the significance to the Company of the foregoing representations and covenants that:answers contained in this Questionnaire contained herein and such answers have been provided under the assumption that the Company will rely on them. (ib) Any shares purchased upon exercise of this option shall In furnishing the above information, the undersigned acknowledges that the Company will be acquired for relying thereon in determining, among other things, whether there are reasonable grounds to believe that the Optionee's account for investment only, and not with undersigned qualifies as a view to, or for sale in connection with, any distribution of the shares in violation purchaser under Section 4(a)(2) and/or Regulation D of the Securities Act of 1933 (and applicable state securities laws for the "Securities Act"), or any rule or regulation under purposes of the Securities Actproposed investment. (iic) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives undersigned understands and agrees that the Company may request further information of the Company such information as is necessary undersigned in verification or amplification of the undersigned’s knowledge of business affairs, the undersigned’s assets and the undersigned’s ability to permit bear the Optionee to evaluate the merits and risks of his or her economic risk involved in an investment in the securities of the Company. (iiid) The Optionee undersigned represents to you that (a) the information contained herein is able to bear complete and accurate on the economic risk date hereof and may be relied upon by you, (b) the undersigned will notify you immediately of holding any change in any such shares acquired pursuant information occurring prior to the exercise acceptance of the subscription and will promptly send you written confirmation of such change. The undersigned hereby certifies that he, she or it has read and understands the Subscription Agreement related hereto and (c) the undersigned acknowledges that you may be required to publicly disclose the information provided in this option for an indefinite periodQuestionnaire and that he, she or it consents to such public disclosure. (ive) The Optionee understands that Subscriber (Aand any beneficial owners of Subscriber), are currently (a) in compliance with the shares acquired regulations of the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of Treasury and any statute, executive order, or regulation relating thereto, (b) not listed on be listed on, the Specially Designated Nationals and Blocked Persons List maintained by OFAC and/or on any other similar list maintained by OFAC or other governmental authority pursuant to the exercise of this option will any authorizing statute, executive order, or regulation, and (c) not be registered a person or entity with whom a U.S. person is prohibited from conducting business under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities ActOFAC Rules. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 1 contract

Sources: Unit Subscription Agreement (AMERICAN BATTERY TECHNOLOGY Co)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's ’s account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 1 contract

Sources: Non Statutory Stock Option Agreement (American Superconductor Corp /De/)

Representations. The Optionee represents, Purchaser represents and warrants and covenants thatto the Company as follows: (a) Purchaser is a bona fide resident of the state set forth opposite the name of Purchaser on the signature page hereof and that: (i) Any shares purchased upon exercise if a corporation, partnership, trust or other form of this option shall be acquired business organization, it has its principal office within such state; (ii) if an individual, the principal residence of Purchaser is in such state; and (iii) if a corporation, partnership, trust or other form of business organization which was organized for the Optionee's account for specific purpose of acquiring the Shares in the Company, all of its beneficial owners are residents of such state; (b) Purchaser has full power and authority to act with respect to the investment onlyin Shares in the Company, including the full power and authority, without more, to act in any manner with respect to any community property interest of a spouse; (c) Purchaser has received the Private Placement Memorandum and Reports defined and described therein, has carefully read such Private Placement Memorandum its appendices and such other Reports (collectively, "Disclosure Documents"), and has relied only on the information contained therein; (d) Purchaser understands that Purchaser is purchasing the Company's Shares without being furnished any offering materials other than the Disclosure Documents and that the offer and purchase of Shares and the Private Placement Memorandum have not with a view to, been reviewed or for sale in connection with, approved by the Securities & Exchange Commission ("SEC") or securities regulatory authority of any distribution other jurisdiction; (e) Purchaser understands that the Shares and shares of common stock of the shares in violation of Company into which the Shares are convertible ("conversion common stock") have not been registered under the Securities Act of 1933 1933, as amended (the "Securities Act"), or nor any rule or regulation state securities law ("State Law"), and Purchaser has no right to require registration thereof under the Securities Act.Act or any State Law, except pursuant to the Registration Agreement; (iif) The Optionee has had Purchaser understands that the Shares and conversion common stock are being purchased for the account of Purchaser for investment, not for the interest of any other person, and not with the intention of or for distribution or resale to others; (g) Purchaser has, alone or together with a Purchaser Representative (identified in the Offeree Suitability Questionnaire heretofore submitted to the Company), if any, such opportunity as he or she has deemed adequate to obtain from representatives knowledge and experience in financial and business matters that Purchaser is capable of the Company such information as is necessary to permit the Optionee to evaluate evaluating the merits and risks of his or her the investment in the CompanyShares. (iiih) The Optionee Purchaser is able to bear the economic risk of holding the investment; (i) (i) Purchaser is an "accredited investor" as defined in Regulation D, Rule 501(a) (17 C.F.R.230.501(a)) and as summarized in the Private Placement Memorandum; or (ii) Purchaser is, in relation to the total investments and net worth of Purchaser, making only a reasonable, suitable commitment to the Company which does not, in any event, exceed twenty percent (20%) of the net worth of Purchaser; or (iii) The investment of Purchaser in the Shares hereby subscribed for does not exceed ten percent (10%) of the net worth of Purchaser; (j) Purchaser is making the investment in the Shares without the intention, expectation or desire for a resale or distribution with respect thereto; (k) Purchaser has no need for liquidity with respect to the investment in the Shares; (l) Purchaser recognizes that an investment in the Preferred Stock involves special risks, including those set forth under the Section entitled "Special Considerations" in the Private Placement Memorandum; (m) Purchaser realizes that, since the Shares and conversion common stock cannot be readily sold and the Shares have no public market, the Purchaser may not be able to sell or dispose of the Shares or conversion common stock and, therefore, that Purchaser must not purchase the Shares, unless Purchaser has liquid assets sufficient to assure that such shares acquired purchase will cause Purchaser no undue financial difficulties; (n) Purchaser understands that the right to transfer the Shares and conversion common stock will be restricted as set forth in this Agreement, in the Private Placement Memorandum and the Registration Agreement, including a restriction against transfers, unless Purchaser submits to the Company an opinion of an attorney stating that the proposed transfer is registered or exempt from registration pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; all relevant State Laws; (Bo) such shares cannot be soldPurchaser has duly completed, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years executed and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning delivered to the Company is then available an Offeree Suitability Questionnaire in the form attached to the publicPrivate Placement Memorandum, Purchaser understands that all information which Purchaser has provided to the Company concerning Purchaser, the financial position, and other terms the knowledge of financial and conditions of Rule 144 are complied with; business matters is correct and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock complete as of the Company and date set forth herein and, if there should be any material change in such information prior to delivery of this Agreement by Purchaser, that Purchaser has provided the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act.with such information; and (vp) The Optionee agrees thatPurchaser Representative, if the Company offers any, employed by Purchaser (i) is not an officer, director, employee, affiliate or beneficial owner of ten percent (10%) or more of any class of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent equity securities of the Company, offer(unless the Purchaser is related to the Purchaser Representative by blood, sellmarriage or adoption), contract (ii) has disclosed to sell or otherwise dispose ofPurchaser all material relationship between the Purchaser Representative and the Company, directly or indirectly through any affiliates during the last two (a "Disposition")2) years and as presently contemplated, and (iii) does not represent the Company and is not compensated by the Company, directly or through any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12affiliate.

Appears in 1 contract

Sources: Subscription Agreement (Homecapital Investment Corp)

Representations. The Optionee represents, CLIENT represents and warrants and covenants that: (iA) Any shares purchased upon exercise All wages and compensation to which any of CLIENT's employees are entitled and which have accrued as of the Commencement Date of this option shall Agreement have been paid in full, or will be acquired for paid in full by the OptioneeCommencement Date. (B) Except as expressly stated herein, or disclosed to and acknowledged by in writing, there are no separate agreements or arrangements, whether in the nature of employment agreements, collective bargaining agreements, deferred compensation agreements, or otherwise, under which CSI would be obligated or which would materially alter CSI's account for investment onlyobligations hereunder. (C) CLIENT has terminated any and all other employee leasing arrangement to which CLIENT was previously a party, and CLIENT shall not with a view toenter into any other employee leasing arrangement while this Agreement is in affect. (D) CLIENT to the best of his knowledge without independent audit, or for sale is not now, nor has been in connection withthe past three (3) years, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), any state or any rule federal labor or regulation under the Securities Actemployment laws. (iiE) The Optionee Co-Employees used by CLIENT will be compensated in accordance with federal and state laws. CLIENT also agrees that it will comply with the Worker Adjustment and Retraining Notification Act (WARN) and that it has had such opportunity sole responsibility for and will give CSI at least sixty-two (62) days notice prior to effecting any plant closing or mass lay-off as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment defined in the CompanyWARN. (iiiF) The Optionee is able to bear the economic risk of holding such shares acquired pursuant If requested by CSI, CLIENT will adhere to the exercise Return to Work policies of this option for an indefinite periodCSI or to implement a light-duty return to work program to assist eligible injured workers' compensation claimants (provided a suitable doctor's release has been obtained) in returning to gainful employment. (ivG) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option CLIENT will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect adhere to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities ActDrug Free Work Place Act policies if such policies are implemented. (vH) The Optionee agrees thatCLIENT will provide all facilities, if supplies, equipment, and all other necessary items that may be required by the Company offers any of its Common Stock for sale pursuant Co-Employees to a registration statement under perform their respective duties and services. CLIENT will also maintain cards and time as required by the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option FLSA and all state and federal regulations for a period of 90 days after six years from the effective date hereof. (I) If either CLIENT or CSI is the subject of any governmental investigations, inquiries or audits, or if either becomes a party, or is threatened to be joined as a party, to any lawsuit, administrative proceeding of any kind, (including proceedings or investigations involving EEOC, NLRB, OSHA, worker's compensation laws, or any other employment matter), each party to this Agreement will immediately disclose same with any details reasonably requested by the other party related to such registration statementmatters. By making payment upon exercise Further, CLIENT shall fully disclose CLIENT's involvement in any such matters within the three (3) years immediately preceding the Commencement Date hereof. (J) CLIENT will comply with all New York Labor Standards, and all federal and state laws and regulations requiring employers to pay the full amount of wages due to an employee, and no portion of this optionClient Service Agreement shall abrogate or diminish that responsibility. (K) The CLIENT shall continue to honor and abide by the terms of any applicable collective bargaining agreements, the Optionee shall be deemed to have reaffirmedand upon expiration thereof, as any obligations of the date of CLIENT to bargain in good faith in connection with such payment, the representations made collective bargaining agreements shall not be affected in any manner by this Section 12Agreement.

Appears in 1 contract

Sources: Client Service Agreement (DVL Inc /De/)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), ) or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that that: (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; ; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; ; (C) in any event, an the exemption from registration under Rule 144 or otherwise under the Securities Act will not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant Pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the the-representations made in this Section 127.

Appears in 1 contract

Sources: Stock Option Agreement (Telepad Corp)

Representations. The Optionee representsHolder hereby represents and warrants to the Company as follows. Holder is an “accredited investor” as such term is defined in Regulation D promulgated under the Securities Act of 1933, warrants as amended (the “1933 Act”). Holder is a sophisticated investor having such knowledge and covenants that: experience in business and investment matters that Holder is capable of protecting Holder’s own interests in connection with the acquisition, exercise or disposition of this Warrant. Holder is fully aware of: (i) Any shares purchased the highly speculative nature of an investment in the Warrant (and the Shares issuable hereunder); (ii) the potential financial hazards involved; and (iii) the lack of liquidity of the Warrant (and the Shares issuable hereunder) and the restrictions on transferability of the Warrant (and the Shares issuable hereunder). Holder is aware that this Warrant and the Shares are being, or will be, issued to Holder in reliance upon exercise of Holder’s representation in this option shall Section 4 and that such securities are restricted securities that cannot be acquired publicly sold except in certain prescribed situations. Holder is acquiring the Warrant for the Optionee's its own account for investment only, purposes only and not with a view to, or for sale the resale in connection with, any distribution “distribution” thereof for purposes of the shares 1933 Act in violation of the Securities Act securities laws. Holder has no present intention of 1933 (the "Securities Act"), selling or otherwise disposing of all or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives portion of the Company such information as Warrant or the Shares issuable hereunder. Holder is necessary to permit aware of the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning provisions of Rule 144 promulgated under the Securities Act; (B) 1933 Act and of the conditions under which sales may be made thereunder. Holder has received such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning about the Company is then available as Holder deems reasonable, has had the opportunity to ask questions and receive answers from the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission Company with respect to its business, assets, prospects and financial condition and has verified any stock of answers Holder has received from the Company with independent third parties to the extent Holder deems necessary. The Holder of this Warrant, by acceptance hereof, acknowledges this Warrant and the Company has no obligation Shares to be issued upon exercise hereof or current intention to register conversion thereof are being acquired solely for the Holder’s own account and not as a nominee for any shares acquired pursuant to other party, and for investment, and that the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee Holder will not, without the prior written consent of the Company, not offer, sell, contract to sell or otherwise dispose of, directly of this Warrant or indirectly (a "Disposition"), any shares purchased Shares to be issued upon exercise of this option for hereof or conversion thereof except under circumstances that will not result in a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as violation of the date 1933 Act or any state securities laws. Neither the Company nor any of such paymentits managers, members, or officers have made any representations to Holder regarding the representations made in this Section 12advisability of the transaction described herein.

Appears in 1 contract

Sources: Warrant Agreement (SmartRent, Inc.)

Representations. The Optionee Recipient represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's Recipient’s account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), ”) or any rule or regulation under the Securities Act. (ii) The Optionee Recipient has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee Recipient to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee Recipient is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee Recipient understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee Recipient agrees that, if the Company offers for the first time any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee Recipient will not, without the prior written consent of the Company, publicly offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition")indirectly, any shares purchased upon exercise of this option for a period of 90 days one hundred and eighty (180) days, or such longer period as the Company may reasonably require, after the effective date of such registration statement. (vi) The undersigned is aware that there can be no assurance regarding the tax consequences of receiving this Option or purchasing Option Shares. Pursuant to Section 409A of the Code, non-qualified stock options that are issued with an exercise price below fair market value are subject to immediate taxation and penalties. The Company’s determination of the Exercise Price has not been performed by an independent business valuation expert and may not be accepted by applicable taxing authorities as the fair market value in accordance with Section 409A. Before accepting this Option, you should carefully review the potential tax liabilities that you may be subject to in connection with this Option. The Company expressly makes no representations or warranties regarding the fair market value of the Exercise Price or the applicability of Section 409A of the Code to the issuance of this Option and shall have no liability whatsoever to the Recipient for any taxes or related interest or penalties that may be due in connection with the issuance of this Option or its subsequent exercise. By making payment upon any exercise of this optionoption in accordance with Section 5, in whole or in part, the Optionee Recipient shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 1210.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (BETA Technologies, Inc.)

Representations. The Optionee Company hereby represents, warrants and covenants thatto ASC as follows: (i) Any shares purchased upon exercise a. There are 500,000,000 Shares of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information authorized, $0.001 par value per share, of which 137,432,033 Shares of Common Stock are issued and outstanding as is necessary to permit the Optionee to evaluate the merits of February 20, 2014 and risks 1,000,000 Shares of his or her investment in the CompanySeries B, C and D Preferred Stock of which 887 Shares of Preferred Stock are issued and outstanding as of February 20, 2014. (iii) b. The Optionee is able shares of Common Stock to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid and non-assessable, free and clear of this option all liens, encumbrances and preemptive and similar rights to subscribe for an indefinite period.or purchase securities; (iv) c. The Optionee understands Company has reserved from its duly authorized capital stock a number of shares of Common Stock at least equal to the number of shares that (A) the shares acquired could be issued pursuant to the exercise terms of the Order; d. If at any time it appears reasonably likely that there may be insufficient authorized shares to fully comply with the Order, Company shall promptly increase its authorized shares to ensure its ability to timely comply with the Order; e. The execution of this option Agreement and performance of the Order by Company and ASC will not (1) conflict with, violate or cause a breach or default under any agreements between Company and any creditor (or any affiliate thereof) related to the account receivables comprising the Claims, or (2) require any waiver, consent, or other action of the Company or any creditor, or their respective affiliates, that has not already been obtained; f. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; g. The execution, delivery and performance of this Agreement by Company has been duly authorized by all requisite action on the part of Company (including a majority of its independent directors), and this Agreement has been duly executed and delivered by Company; h. There are no taxes due, payable or withholdable as an incident of Seller’s provision of goods and services, and no taxes will be registered under due, payable or withholdable as a result of settlement of the Securities Act and are "restricted securities" within Claims; i. To the meaning best of Rule 144 under the Securities Act; (B) such shares cannot be soldCompany’s knowledge, transferred no party, directly or otherwise disposed indirectly, utilizing any of unless they are subsequently registered under the Securities Act proceeds from sales of the Settlement Shares shall provide any consideration to or an exemption from registration is then available; (C) invest in any eventmanner in the Company or any affiliate of the Company; j. Company has not received any notice (oral or written) from the SEC or Principal Market regarding a halt, an exemption from registration under Rule 144 limitation or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for suspension of trading in the Common Stock; and k. Company acknowledges that ASC or its affiliates may, adequate information concerning the Company is then available from time to the publictime, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent hold outstanding securities of the Company, offerincluding securities which may be convertible in shares of the Company’s common stock at a floating conversion rate tied to the current market price for the stock. The number of shares of Common Stock issuable pursuant to this Agreement may increase substantially in certain circumstances, sellincluding, contract but not necessarily limited to sell or otherwise dispose ofthe circumstance wherein the trading price of the Common Stock declines during the Valuation Period. The Company’s executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such transaction is in the best interests of the Company. The Company specifically acknowledges that its obligation to issue the Settlement Shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company. ASC hereby represents, directly or indirectly (warrants and covenants to Company as follows: a. It is the owner of the Claims; b. It is a "Disposition")limited liability company duly filed and in good standing under the laws of Connecticut, any shares purchased upon exercise and c. The execution, delivery and performance of this option for a period Stipulation by ASC has been duly authorized by all requisite action on the part of 90 days after the effective date of such registration statement. By making payment upon exercise of ASC, and this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12Stipulation has been duly executed and delivered by ASC.

Appears in 1 contract

Sources: Settlement Agreement (Andalay Solar, Inc.)

Representations. The Optionee represents, warrants and --------------- covenants that: (i) Any shares purchased upon exercise of this option Option shall be acquired for the Optionee's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares share in violation of the Securities Act of 1933 (the "Securities Act"), ) or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option Option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Option may not be registered under the Securities Act and are may be "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no currently a registration statement on file with the Securities and Exchange Commission with respect to any stock certain shares of Common Stock of the Company Company, and a registration statement with respect to shares exercisable under the Plan, but the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option Option under the Securities Act. (v) The Optionee agrees that, if the Company offers Act or to keep current any of its Common Stock for sale pursuant to a existing registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statementprospectus. By making payment upon exercise of this optionOption, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 1213.

Appears in 1 contract

Sources: Stock Option Agreement (Idx Systems Corp)

Representations. The Optionee Holder represents, warrants and covenants that: (i) Any shares The Warrant Shares purchased upon exercise of this option Warrant, and the shares issuable upon conversion of the Warrant Shares, shall be acquired for the OptioneeHolder's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 1933, as amended (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee Holder has had such opportunity as he or she it has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee Holder to evaluate the merits and risks of his or her its investment in the Company. (iii) The Optionee Holder is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option Warrant for an indefinite period. (iv) The Optionee Holder understands that (A) the shares acquired pursuant to the exercise of this option Warrant will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years one year and even then will not be available unless a public market then exists for the Common StockWarrant Shares, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option Warrant under the Securities Act. (v) The Optionee Holder agrees that, if the Company offers for the first time any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee Holder will not, without the prior written consent of the Company, publicly offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition")indirectly, any shares purchased upon exercise of this option Warrant for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this optionWarrant, the Optionee Holder shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 123.

Appears in 1 contract

Sources: Warrant (Art Technology Group Inc)

Representations. The Optionee Company hereby represents, warrants and covenants thatto SPC as follows: a. There are Three Hundred Million (i300,000,000) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information authorized as is necessary of April 15, 2025, of which approximately One Hundred Six Million Seven Hundred Eighteen Thousand Three Hundred and Fifty-Four (106,718,354) Shares of Common Stock are issued and outstanding as of April 21, 2025; and One Hundred Ninety-Three Million Two Hundred Eighty-One Thousand Six Hundred and Forty-Six (193,281,646) Shares of Common Stock are available for issuance pursuant hereto; b. The shares of Common Stock to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid and non-assessable, free and clear of this option all liens, encumbrances and preemptive and similar rights to subscribe for an indefinite period.or purchase securities; (iv) c. The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered exempt from registration under the Securities Act and issuable without any restrictive legend; d. The Company shall initially reserve from its duly authorized capital stock a number of shares of Common Stock at least equal to five times the greater of the number of shares that could be issued pursuant to the terms of the Order and that Company shall initially reserve at its transfer agent, at a minimum, Ninety Million (90,000,000) shares during the Valuation Period in order to ensure that it can properly carry out the terms of this agreement, which may only be released to Company once all of the Settlement Shares and Settlement Fee Shares have been delivered and converted pursuant to this agreement and Company’s obligations are "restricted otherwise fully satisfied or there has otherwise been a default pursuant to the terms of this agreement; of this reserve amount, SPC plans on converting this Settlement into that number of shares and in many instances more shares, should the price go down. In the event that Company effectuates a reverse split of Company’s Common Stock while any obligations are owed to SPC pursuant to this Agreement by Company, then the reserve shares shall be proportionately adjusted; e. If at any time it appears reasonably likely that there may be insufficient authorized shares and/or reserve shares to fully comply with the Order, Company shall promptly increase its authorized shares and/or reserve shares to ensure its ability to timely comply with the Order; f. As of the date of this agreement the execution of this Agreement and performance of the Order by Company and SPC will not (1) conflict with, violate or cause a breach or default under any agreements between Company and any creditor (or any affiliate thereof) related to the account receivables comprising the Claims, or (2) require any waiver, consent, or other action of the Company or any creditor, or their respective affiliates, that has not already been obtained; g. Without limitation, the Company hereby waives any provision in any agreement related to the account receivables comprising the Claims requiring payments to be applied in a certain order, manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; h. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; i. The Company has corporate Shareholder’s delegations in place with sufficient authorized capital or shall arrange a Shareholder’s meeting to satisfy the legal and regulatory requirements in connection with this transaction; j. The corporate issuance shall be made without preferential subscription rights of the existing Shareholder’s or holders of Securities granting access to the Company’s capital; k. This Settlement Agreement and Stipulation shall be subject to all required corporate authorizations by the Company; l. The execution, delivery and performance of this Agreement by Company has been duly authorized by all requisite action on the part of Company and its Board of Directors (including a majority of its independent directors), and this Agreement has been duly executed and delivered by Company; m. Company did not enter into the transaction giving rise to the Claims in contemplation of any sale or distribution of Company’s common stock or other securities" ; n. There has been no modification, compromise, forbearance, or waiver entered into or given with respect to the Claims. There is no action based on the Claims that is currently pending in any court or other legal venue, and no judgments based upon the Claims have been previously entered in any legal proceeding with the exceptions as contained in the Claim Purchase Agreements; o. There are no taxes due, payable or withholdable as an incident of Seller’s provision of goods and services, and no taxes will be due, payable or withholdable as a result of settlement of the Claims; p. Seller was not and within the past ninety (90) days has not been directly or indirectly through one or more intermediaries in control, controlled by, or under common control with, the Company and is not an affiliate of the Company as defined in Rule 144 promulgated under the Act, except as represented within the Claim Purchase Agreements; q. Company is operational and is a non-shell company within the meaning of Rule 144 under 405 and all applicable Securities Rules and Registration pertaining thereto; r. Company represents that Seller is not, directly or indirectly, utilizing any of the Securities Act; (B) such shares cannot be sold, transferred proceeds received from SPC for selling the Claims to provide any consideration to or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) invest in any eventmanner in the Company or any affiliate of the Company; s. Company has not received any notice (oral or written) from the SEC or Principal Market regarding a halt, an exemption from registration under Rule 144 limitation or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for suspension of trading in the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act.and (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee t. Seller will not, without directly or indirectly, receive any consideration from or be compensated in any manner by, the prior written consent Company, or any affiliate of the Company, offer, sell, contract to sell in exchange for or otherwise dispose of, directly in consideration of selling the Claims; u. Company represents that each Claim being purchased pursuant hereto is a bona-fide Claim against the Company and that the invoices or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as written contract(s)/promissory notes underlying each Claim are accurate representations of the date nature of the debt and the amounts owed by the Company to Seller and that the goods or services which are the subject of the Claims being purchased have been received or rendered; v. Company acknowledges that SPC or its affiliates may from time to time, hold outstanding securities of the Company which may be convertible in shares of the Company’s common stock at a floating conversion rate tied to the current market price for the stock. The number of shares of Common Stock issuable pursuant to this Agreement may increase substantially in certain circumstances, including, but not necessarily limited to the circumstance wherein the trading price of the Common Stock declines during the Valuation Period. The Company’s executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such payment, transaction is in the representations made best interests of the Company. The Company specifically acknowledges that its obligation to issue the Settlement Shares and Settlement Fee Shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company. The Board of Directors of the Company has further given its consent for each conversion of shares of stock pursuant to this agreement and agrees and consents that same may occur below the par value of the Company’s Common Stock if applicable. w. None of the transactions agreements or proceedings described above is part of a plan or scheme to evade the registration requirements of the Securities Act and ALCE and SPC are acting and has acted in this Section 12an arms length capacity.

Appears in 1 contract

Sources: Settlement Agreement (Alternus Clean Energy, Inc.)

Representations. 15.01 The Optionee representsBorrower represents at signing and at the date of a Notice of Drawdown in accordance with article 31.02 (i) for the benefit of the Bank, warrants and covenants that: (i) Any shares purchased upon it is duly incorporated and validly existing under the laws of its place of incorporation and has full power to enter into this Agreement and to exercise its rights and perform its obligations hereunder and all corporate or other action required to authorize the execution of this option shall be acquired for the Optionee's account for investment only, Agreement and not with a view to, or for sale in connection with, any distribution its performance of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act.its obligations hereunder has been duly taken; (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives the drawdown in full of the Company Facility, the execution of this Agreement and the performance by the Borrower of its obligations hereunder will not cause any limit or restriction on the borrowing or other powers of the Borrower (whether imposed by law, decree, rule, regulation, agreement or its constitutive documents or otherwise howsoever) or on the right or ability of its directors to exercise any such information as is necessary powers to permit the Optionee to evaluate the merits and risks of his be exceeded or her investment in the Company.breached; (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant it has not taken any corporate action nor have any other steps been taken or legal proceedings been started or (to the exercise best of this option its knowledge and belief) threatened against it for its winding-up or dissolution or for the appointment of an indefinite period.examiner, administrator, receiver, trustee or similar officer of it or all or any material part of its assets and revenues; (iv) The Optionee understands that (A) the shares acquired pursuant no action or administrative proceeding of or before any court or agency as to which there is a reasonable possibility of a Material Adverse Effect has been started or to the exercise best of this option will not be registered under its knowledge and belief threatened against the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act.Borrower; (v) The Optionee agrees that, if this Agreement constitutes legal and valid obligations binding on such Borrower in accordance with the Company offers any of its Common Stock for sale pursuant to terms thereof; (vi) the Original Financial Statements were prepared in accordance with accounting principles generally accepted and consistently applied in the Netherlands and give (in conjunction with the notes thereto) a registration statement under the Securities Act, the Optionee will not, without the prior written consent true and fair view of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly financial condition of the Borrower and its consolidated subsidiaries at the date as of which they were prepared and the results of the operations of the Borrower and its consolidated subsidiaries during the financial year then ended; (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, vii) as of the date as of which the Original Financial Statements were prepared there were no material liabilities (contingent or otherwise) which were not disclosed thereby (or by the notes thereto) or reserved against therein and no material unrealized or anticipated losses; (viii) since the date as of which the Original Financial Statements and the half yearly report 1995 as published on August 8, 1995, were prepared, there has been no Material Adverse Effect; (ix) the execution by the Borrower of this Agreement and its exercise of its rights and performance of its obligations hereunder will not result in the existence of nor oblige such paymentBorrower or any member of the Group to create any encumbrance over all or any of their present or future revenues or assets; (x) the execution by the Borrower of this Agreement and its exercise of its rights and performance of its obligations hereunder neither constitute nor will result in any breach of any law, statute, decree, rule or any regulation in or of any jurisdiction to which the representations Borrower or any of its assets or revenues is subject or of any order, judgment, injunction, decree, resolution, determination or award of any court or any judicial, administrative or government authority or organisation or of any jurisdiction having applicability to the Borrower or any of its assets or revenues; (xi) subject to Clause 11.01 under applicable laws in force at the date hereof, no deduction or withholding will be required to be made from any payment the Borrower may make hereunder; (xii) under applicable laws in force at the date hereof, its Indebtedness under this Section 12.Agreement will rank at least pari passu in point of priority with the claims of its other unsecured creditors, subject to any statutory priorities or contractual subordination of its other creditors and subject to limitations imposed by bankruptcy, reorganisation, insolvency or other similar laws of general application relating to or affecting the enforcement of creditors' rights; (xiii) there are no consents, acts, conditions or things required under applicable laws to be obtained, done, fulfilled or performed in order (a) to enable it lawfully to enter into, exercise its rights under and perform the obligations expressed to be assumed by it hereunder, (b) to ensure that the obligations expressed to be assumed by it hereunder are legal, valid and binding or (c) to make this Agreement admissible in evidence in the jurisdiction of its place of incorporation; (xiv) it is not necessary in order to ensure the legality, validity, enforceability or admissibility in evidence of this Agreement in the jurisdiction of its place of incorporation, that it be filed, recorded or enrolled with any court or authority in any such jurisdiction or that any stamp, registration or similar tax be paid on or in relation to this Agreement; (xv) no event has occurred which constitutes, or with the passage of time or the giving of notice or both would constitute, one of those events mentioned in Clause 18; (xvi) there is not in force any agreement evidencing Borrowings of the Borrower containing, save as disclosed in writing to each Bank prior to the execution of this Agreement, more comprehensive cross default provisions than those contained in Clause 18.01(iv);

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Wolters Kluwer Nv /Adr/)

Representations. The Optionee represents, undersigned hereby represents and warrants and covenants thatto the Corporation as follows: (ia) Any shares purchased upon exercise purchase of this option shall the Securities would be acquired solely for the Optionee's account for investment only, of the undersigned and not for the account of any other person or with a view toto any resale, fractionalization, division, or for sale distribution thereof. (b) The information contained herein is complete and accurate and may be relied upon by the Corporation, and the undersigned will notify the Corporation immediately of any material change in connection withany of such information occurring prior to the closing, if any, with respect to the purchase of Securities by the undersigned or any distribution co-purchaser. (c) There are no suits, pending litigation, or claims against the undersigned that could materially affect the net worth of the shares undersigned as reported in violation this Questionnaire. (d) The undersigned understands and acknowledges that the Securities, at issuance, are “restricted securities” under the Act and that under such Act and applicable regulations such Securities may be resold without registration under the Act only in certain limited circumstances and that otherwise such Securities must be held indefinitely. The undersigned acknowledges that there may occasionally be times when the Corporation, based on the advice of its counsel, determines that it must suspend the use of the prospectus forming a part of the Registration Statement (as such term is defined in the Securities Purchase Agreement to which this Questionnaire is attached) until such time as an amendment to the Registration Statement has been filed by the Corporation and declared effective by the Securities and Exchange Commission or until the Corporation has amended or supplemented such prospectus. The undersigned is aware that, in such event, the Securities will not be subject to ready liquidation, and that any Securities purchased by the undersigned would have to be held during such suspension. The overall commitment of the undersigned to investments which are not readily marketable is not excessive in view of the undersigned’s net worth and financial circumstances, and any purchase of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) will not cause such commitment to become excessive. The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee undersigned is able to bear the economic risk of holding such shares acquired pursuant to an investment in the exercise of this option for an indefinite periodSecurities. (ive) The Optionee undersigned has carefully considered the potential risks relating to the Corporation and a purchase of the Securities, and fully understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within speculative investments which involve a high degree of risk of loss of the meaning of Rule 144 under undersigned’s entire investment. Among others, the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under undersigned has reviewed the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file Corporation’s filings made with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any Exchange Act of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed1934, as of amended, including its Annual Report on Form 10-K for the date of such paymentyear ended December 31, 2009, and the representations made in this Section 12Quarterly Report on Form 10-Q for the three months ended March 31, 2010.

Appears in 1 contract

Sources: Securities Purchase Agreement (Heritage Commerce Corp)

Representations. The Optionee Associate represents, warrants and covenants to the Company that: (i) Any shares purchased upon exercise of this option shall be a. The Restricted Shares are being acquired for the OptioneeAssociate's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares Restricted Shares in violation of the Securities Act of 1933 (the "Securities Act")1933, as amended, or any rule or regulation under the Securities Actthereunder. (ii) b. The Optionee Associate has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee Associate to evaluate the merits and risks of his or her an investment in the Company. (iii) c. The Optionee Associate is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option Restricted Shares for an indefinite period. (iv) d. The Optionee Associate understands that (Ai) the shares acquired pursuant to the exercise of this option Restricted Shares will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (Bii) such shares the Restricted Shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (Ciii) in any event, an the exemption from registration under Rule 144 or otherwise under the Securities Act will not be available for at least two years one year and even then will not be available unless a public market then exists for the Company's Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (Div) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares Restricted Shares acquired pursuant to the exercise of this option Award under the Securities Act. (v) e. The Optionee agrees that, if Associate hereby represents that the Company offers any of its Common Stock for sale pursuant Associate has obtained appropriate legal or tax advice with respect to a registration statement under the Securities Act, tax consequences to the Optionee will not, without the prior written consent Associate of the CompanyAward. f. All stock certificates representing Restricted Shares issued to the Associate shall have affixed thereto legends substantially in the following form, offerin addition to any other legends required by applicable state law: THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, sellAS AMENDED, contract to sell or otherwise dispose ofOR APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, directly or indirectly ASSIGNED, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO (a "Disposition")1) REGISTRATION IN COMPLIANCE WITH SAID ACT AND SUCH STATE LAWS, any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statementOR (2) AN OPINION OF COUNSEL FOR THE COMPANY TO THE EFFECT THAT SUCH DISPOSITION WOULD NOT CONSTITUTE A VIOLATION OF ANY RELEVANT FEDERAL OR STATE SECURITIES LAWS. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12THE SHARES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF FIRST REFUSAL AND RESTRICTIONS ON RESALE CONTAINED IN A RESTRICTED SHARE AWARD AGREEMENT BETWEEN THE COMPANY AND THE HOLDER HEREOF. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICES OF THE COMPANY.

Appears in 1 contract

Sources: Restricted Share Award Agreement (Amicus Therapeutics Inc)

Representations. The Optionee Company hereby represents, warrants and covenants thatto NBF as follows: a. There are Five Billion (i5,000,000,000) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information authorized as is necessary of October 12, 2016, of which approximately Six Hundred Twenty One Million Four Hundred Ninety Four Thousand Nine Hundred Fifty Nine (621,494,959) Shares of Common Stock are issued and outstanding as of January 23, 2017; and approximately Four Billion Three Hundred Seventy Eight Million Five Hundred Five Thousand Forty One (4,378,505,041) Shares of Common Stock are available for issuance pursuant hereto; b. The shares of Common Stock to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid and non-assessable, free and clear of this option all liens, encumbrances and preemptive and similar rights to subscribe for an indefinite period.or purchase securities; (iv) c. The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered exempt from registration under the Securities Act and issuable without any restrictive legend; d. The Company shall reserve from its duly authorized capital stock a number of shares of Common Stock at least equal to the greater of the number of shares that could be issued pursuant to the terms of the Order and that Company shall reserve at its transfer agent, at a minimum, One Billion Two Hundred Twenty Million (1,220,000,000) shares during the Valuation Period in order to ensure that it can properly carry out the terms of this agreement, which may only be released to Company once all of the Settlement Shares and settlement fee shares have been delivered and converted pursuant to this agreement and Company’s obligations are "restricted otherwise fully satisfied or there has otherwise been a default pursuant to the terms of this agreement; e. If at any time it appears reasonably likely that there may be insufficient authorized shares to fully comply with the Order, Company shall promptly increase its authorized shares to ensure its ability to timely comply with the Order; f. The execution of this Agreement and performance of the Order by Company and NBF will not (1) conflict with, violate or cause a breach or default under any agreements between Company and any creditor (or any affiliate thereof) related to the account receivables comprising the Claims, or (2) require any waiver, consent, or other action of the Company or any creditor, or their respective affiliates, that has not already been obtained; g. Without limitation, the Company hereby waives any provision in any agreement related to the account receivables comprising the Claims requiring payments to be applied in a certain order, manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; h. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; i. The execution, delivery and performance of this Agreement by Company has been duly authorized by all requisite action on the part of Company and its Board of Directors (including a majority of its independent directors), and this Agreement has been duly executed and delivered by Company; j. Company did not enter into the transaction giving rise to the Claims in contemplation of any sale or distribution of Company’s common stock or other securities" ; k. There has been no modification, compromise, forbearance, or waiver entered into or given with respect to the Claims. There is no action based on the Claims that is currently pending in any court or other legal venue, and no judgments based upon the Claims have been previously entered in any legal proceeding; l. There are no taxes due, payable or withholdable as an incident of Seller’s provision of goods and services, and no taxes will be due, payable or withholdable as a result of settlement of the Claims; m. Seller was not and within the past ninety (90) days has not been directly or indirectly through one or more intermediaries in control, controlled by, or under common control with, the Company and is not an affiliate of the Company as defined in Rule 144 promulgated under the Act; n. Company is operational and is a non-shell company within the meaning of Rule 144 under 405 and all applicable Securities Rules and Registration pertaining thereto; o. Company represents that Seller is not, directly or indirectly, utilizing any of the Securities Act; (B) such shares cannot be sold, transferred proceeds received from NBF for selling the Claims to provide any consideration to or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) invest in any eventmanner in the Company or any affiliate of the Company; p. Company has not received any notice (oral or written) from the SEC or Principal Market regarding a halt, an exemption from registration under Rule 144 limitation or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for suspension of trading in the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act.and (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee q. Seller will not, without directly or indirectly, receive any consideration from or be compensated in any manner by, the prior written consent Company, or any affiliate of the Company, offer, sell, contract to sell in exchange for or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise in consideration of this option for a period of 90 days after selling the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as Claims; r. Company represents that none of the date services provided or to be provided which gave rise to the Claims were or are services related to promoting the Company’s Securities or that may be considered investor relations services; s. Company represents that each Claim being purchased pursuant hereto is a bona-fide Claim against the Company and that the invoices or written contract(s)/promissory notes underlying each Claim are accurate representations of the nature of the debt and the amounts owed by the Company to Seller and that the goods or services which are the subject of the Claims being purchased have been received or rendered; t. Company acknowledges that NBF or its affiliates may from time to time, hold outstanding securities of the Company which may be convertible in shares of the Company’s common stock at a floating conversion rate tied to the current market price for the stock. The number of shares of Common Stock issuable pursuant to this Agreement may increase substantially in certain circumstances, including, but not necessarily limited to the circumstance wherein the trading price of the Common Stock declines during the Valuation Period. The Company’s executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such payment, transaction is in the representations made best interests of the Company. The Company specifically acknowledges that its obligation to issue the Settlement Shares along with settlement fee shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company. The Board of Directors of the Company has further given its consent for each conversion of shares of stock pursuant to this agreement and agrees and consents that same may occur below the par value of the Company’s Common Stock if applicable. u. None of the transactions agreements or proceedings described above is part of a plan or scheme to evade the registration requirements of the Securities Act and CHIT and NBF are acting and has acted in this Section 12an arms length capacity.

Appears in 1 contract

Sources: Settlement Agreement (Cherubim Interests, Inc.)

Representations. The Optionee representsIn connection with my exercise of the Option, warrants and covenants thatI hereby represent to the Company as follows: (ia) Any shares purchased upon exercise of this option shall be acquired for I am acquiring the Optionee's account Shares solely for investment onlypurposes, and not with a view to, no present intention of distributing or for sale in connection with, reselling any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), Shares or any rule or regulation under interest therein. I acknowledge that the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will Shares have not be been registered under the Securities Act of 1933, as amended (the “Securities Act”). (b) I am aware of the Company’s business affairs and financial condition and have acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Shares. (c) I understand that the Shares are "restricted securities" within ” under applicable U.S. federal and state securities laws and that, pursuant to these laws, I must hold the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of Shares indefinitely unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and qualified by state authorities, or unless an exemption from such registration and qualification requirements is available. I acknowledge that the Company has no obligation or current intention to register or qualify the Shares for resale. I further acknowledge that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and requirements relating to the Company which are outside of my control, and which the Company is under no obligation to and may not be able to satisfy. (d) I understand that there is no public market for the Shares, that no market may ever develop for them, and that the Shares have not been approved or disapproved by the Securities and Exchange Commission or any shares acquired pursuant other federal, state or other governmental agency. (e) I understand that the Shares are subject to certain restrictions on transfer set forth in the Plan. Both the Plan and the Grant Agreement are incorporated herein by reference. (f) I understand that any Shares purchased hereunder shall be subject to the Securityholders’ Agreement of the Company dated as of December 23, 2003, as it may be amended from time to time (“Securityholders’ Agreement”), a copy of which has been provided to me, and that it is a condition to the exercise of this option under my Option that I execute the Securities Actattached signature page of the Securityholders’ Agreement, agreeing to be bound thereby. I have had a full and fair opportunity to review the Securityholders’ Agreement prior to exercising the Option. (vg) The Optionee agrees thatI understand that the certificate representing the Shares will be imprinted with the following legends: THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, if AS AMENDED, OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THE SECURITIES, REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT AND APPLICABLE STATE SECURITIES LAWS. THIS CERTIFICATE AND THE SECURITIES REPRESENTED HEREBY ARE HELD SUBJECT TO THE TERMS, COVENANTS AND CONDITIONS OF A SECURITYHOLDERS’ AGREEMENT DATED AS OF DECEMBER 23, 2003, AS SUCH AGREEMENT MAY BE AMENDED, BY AND AMONG THE STOCKHOLDERS OF HORSEHEAD HOLDING CORP., AND MAY NOT BE TRANSFERRED OR DISPOSED OF EXCEPT IN ACCORDANCE WITH THE TERMS AND PROVISIONS THEREOF. A COPY OF SAID AGREEMENT AND ALL AMENDMENTS THERETO IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY. (h) I have consulted my own tax advisors in connection with my exercise of this Option and I am not relying upon the Company offers for any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent tax advice. (i) I am presently an employee of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after . Submitted by the effective date of such registration statementOptionholder: Date: By: Print Name: Address: Social Security No. By making payment upon exercise of this option, Received and Accepted by the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.Company: Holding Corp. By: Print Name: Title:

Appears in 1 contract

Sources: Stock Option Grant Agreement (Horsehead Holding Corp)

Representations. The Optionee representsPurchaser represents and warrants to the Vendor that save as otherwise specified, warrants each of the following statements is true and covenants thataccurate at the date of this agreement and will be true and accurate on the Completion Date: (ia) Any shares purchased upon exercise it is validly existing under the laws of its place of incorporation or registration; (b) it has the corporate power and authority to enter into and perform its obligations under this agreement and to carry out the transactions contemplated by this agreement; (c) except for the approvals and consents mentioned in clause 4.1, it has taken all necessary action to authorise its entry into and performance of this option shall be acquired for agreement and to carry out the Optionee's account for investment onlytransactions contemplated by this agreement; (d) its obligations under this agreement are valid and binding and enforceable against it in accordance with their terms; (e) it is not a “U.S. person” or “distributor” (each defined in Rule 902 of Regulation S under the Securities Act) and has not offered or sold, and will not with a view offer or sell, the CN or the CCBC Shares within the United States or to, or for sale in connection withthe account or benefit of, any distribution U.S. persons until the date (Restriction Termination Date) that is forty days after the later of (x) the shares in violation of date when the Securities Act of CN were first offered to persons other than distributors or (y) the Completion Date; and (f) it acknowledges that prior to the Restriction Termination Date, each CN will contain a legend substantially to the following effect: NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 (the "Securities Act"ACT”), or any rule or regulation under the Securities Act. OR UNDER THE SECURITIES LAWS OF ANY OTHER JURISDICTION. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED: (iiI) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that IN THE ABSENCE OF (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE 1933 ACT AND OTHER APPLICABLE SECURITIES LAWS, OR (B) such shares cannot be soldAN OPINION OF COUNSEL, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then availableIN FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER THE 1933 ACT AND ANY OTHER APPLICABLE SECURITIES LAWS; OR (CII) in any eventUNLESS THE SECURITIES HAVE BEEN SOLD PURSUANT TO RULE 144 UNDER THE 1933 ACT OR ANOTHER AVAILABLE EXEMPTION UNDER THE 1933 ACT. NOTWITHSTANDING THE FOREGOING, an exemption from registration under Rule 144 or otherwise under the Securities Act not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities ActTHE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES IN ACCORDANCE WITH THE TERMS SET OUT IN THIS CERTIFICATE. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 12.

Appears in 1 contract

Sources: Convertible Note Sale Agreement (Golden Meditech Holdings LTD)

Representations. The Optionee represents, warrants and covenants that: (i) Any shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, only and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), ) or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company such information as is necessary to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired pursuant to the exercise of this option for an indefinite period. (iv) The Optionee understands that (A) the shares acquired pursuant to the exercise of this option will not be registered under the Securities Act and are "restricted securities" within the meaning of Rule 144 under the Securities Act; (B) such shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) in any event, an exemption from registration under Rule 144 or otherwise under the Securities Act may not be available for at least two years and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, public and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, that if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition")indirectly, any shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date of such payment, the representations made in this Section 1213.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Boston Acoustics Inc)

Representations. The Optionee Company hereby represents, warrants and covenants thatto PLAINTIFF as follows: (i) Any a. There are 350,000,000 shares purchased upon exercise of this option shall be acquired for the Optionee's account for investment only, and not with a view to, or for sale in connection with, any distribution of the shares in violation of the Securities Act of 1933 (the "Securities Act"), or any rule or regulation under the Securities Act. (ii) The Optionee has had such opportunity as he or she has deemed adequate to obtain from representatives Common Stock of the Company such information authorized, as is necessary of October 10, 2018; b. The shares of Common Stock to permit the Optionee to evaluate the merits and risks of his or her investment in the Company. (iii) The Optionee is able to bear the economic risk of holding such shares acquired be issued pursuant to the exercise Order are duly authorized, and when issued will be duly and validly issued, fully paid and non-assessable, free and clear of all liens, encumbrances and preemptive and similar rights to subscribe for or purchase securities; c. Upon Court approval of this option for an indefinite period. (iv) The Optionee understands that (A) Stipulation and entry of the Order, the shares acquired pursuant to the exercise of this option will not be registered exempt from registration under the Securities Act and are "restricted securities" within issuable without any restrictive legend pursuant to Section 3(a)(10); d. The Company has, or will have, reserved from its duly authorized capital stock a number of shares of Common Stock at least equal to the meaning number of Rule 144 shares that could be issued pursuant to the terms of the Order; e. If at any time it appears reasonably likely that there may be insufficient authorized shares to fully comply with the Order, Company shall promptly increase its authorized shares to ensure its ability to timely comply with the Order; f. The execution of this Agreement and performance of the Order by Company and PLAINTIFF will not (1) conflict with, violate or cause a breach or default under any agreements between Company and any party (or any affiliate thereof) related to the Securities Act; Claim, or (B2) such shares canrequire any waiver, consent, or other action of the Company or any creditor, or their respective affiliates, that has not be soldalready been obtained; g. Without limitation, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (C) Company hereby waives any provision in any eventagreement related to the Claim requiring payments to be applied in a certain order, an exemption manner, or fashion, or providing for exclusive jurisdiction in any court other than this Court; h. The Company has all necessary power and authority to execute, deliver and perform all of its obligations under this Agreement; i. The execution, delivery and performance of this Agreement by Company has been duly authorized by all requisite action on the part of Company (including a majority of its independent directors), and this Agreement has been duly executed and delivered by Company; j. Company did not enter into the transaction giving rise to the Claim in contemplation of any distribution of Company’s Common Stock or other securities; k. There has been no modification, compromise, forbearance, or waiver entered into or given by the Company with respect to the Claim. There is no action based on the Claim by the Company that is currently pending in any other court or other legal venue, and no judgment based upon the Claim has been previously entered in any legal proceeding; l. [RESERVED] m. To the best of the Company’s knowledge, PLAINTIFF is not, directly or indirectly, utilizing any of the proceeds received from registration under Rule 144 the sale of the Settlement Shares to provide any consideration to or otherwise under invest in any manner in the Securities Act Company or any affiliate of the Company; n. Company has not be available for at least two years and even then will not be available unless received any notice (oral or written) from the SEC or Principal Market regarding a public market then exists for halt, limitation or suspension of trading in the Common Stock; and o. [RESERVED] p. Company acknowledges that PLAINTIFF or its affiliates may from time to time, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and (D) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register any shares acquired pursuant to the exercise of this option under the Securities Act. (v) The Optionee agrees that, if the Company offers any of its Common Stock for sale pursuant to a registration statement under the Securities Act, the Optionee will not, without the prior written consent hold outstanding securities of the Company, offer, sell, contract to sell or otherwise dispose of, directly or indirectly (a "Disposition"), any including securities which may be convertible in shares purchased upon exercise of this option for a period of 90 days after the effective date of such registration statement. By making payment upon exercise of this option, the Optionee shall be deemed to have reaffirmed, as of the date Company’s common stock at a floating conversion rate tied to the current market price for the stock. The Company’s executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such payment, transaction is in the representations made in this Section 12best interests of the Company. The Company specifically acknowledges that its obligation to issue the Settlement Shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company.

Appears in 1 contract

Sources: Settlement Agreement