Restrictions on Transferability of Securities. Compliance with -------------------------------------------------------------- Securities Act. --------------
Restrictions on Transferability of Securities. 21 Section 8.1
Restrictions on Transferability of Securities. Except as set forth in this Section 9, the Present Shareholders and the Purchaser agree not to sell or transfer any of their shares and rights in the Company to a third party. This Section 9 will terminate upon the initial offering of the Company's shares to the public.
Restrictions on Transferability of Securities. SECTION 5.01 General SECTION 5.02 Improper Sale or Encumbrance SECTION 5.03 Restrictive Legends SECTION 5.04 Sales of Significant Interests
Restrictions on Transferability of Securities. (a) This Warrant and the Warrant Shares issuable upon exercise of this Warrant (the “Securities”) shall not be sold, assigned, transferred or pledged except upon the conditions specified in this Section.
Restrictions on Transferability of Securities. The Undersigned hereby agrees that certificates evidencing the Securities, if any, being accepted by him shall be stamped or otherwise imprinted with a conspicuous legend in substantially the following form: The Securities represented by this certificate have been acquired pursuant to an investment representation on the part of the Purchaser thereof and have not been registered under the Securities Acts of any state in reliance on exemptions contained therein or the inapplicability thereof, and have not been registered under the Securities Act of 0000 (xxx 0000 Xxx) in reliance on exemptions therefrom. Said Securities shall not be sold, pledged, hypothecated, donated, or otherwise transferred, whether or not for consideration, by the Purchaser except upon the issuance to International Carbon Bank & Exchange, Inc., (the "Company"), of a favorable opinion of its counsel and/or the submission to the Company of such other evidence as may be satisfactory to counsel of the Company, in either case to the effect that any such transfer shall not be in violation of the 1933 Act, as amended, and applicable state securities law. The Securities or any of them shall be sold, pledged, assigned, hypothecated, or otherwise transferred, with or without consideration (Transfer), only upon the conditions specified in this paragraph 3. The Undersigned realizes that by becoming a holder of the Securities pursuant to the terms of the legend set forth above, the Undersigned agrees, prior to any transfer, to give written notice to you by expressing the desire of the Undersigned to effect the Transfer and describing the proposed Transfer. Upon receiving any such notice, the Company shall present copies thereof to counsel for the Company and the following provisions shall apply:
Restrictions on Transferability of Securities. Section 5.01.
Restrictions on Transferability of Securities. COMPLIANCE WITH SECURITIES ACT ------------------------------
Restrictions on Transferability of Securities. DBSI hereby agrees that certificates evidencing the Securities, if any, being accepted by him shall be stamped or otherwise imprinted with a legend in substantially the following form: THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. SUCH SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT OR UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL OR OTHER EVIDENCE REASONABLY ACCEPTABLE TO IT STATING THAT SUCH SALE OR TRANSFER IS EXEMPT FROM REGISTRATION. DBSI acknowledges that the Securities are not registered under the 1933 Act and that under the 1933 Act, the Securities must be held unless they are subsequently registered under the 1933 Act or unless an exemption from registration is available with respect to any proposed transfer or disposition of the Securities.
Restrictions on Transferability of Securities. 16 Section 8.1. Restrictions on Transferability.................... 16 Section 8.2.
