Common use of Future Registration Clause in Contracts

Future Registration. The Shareholders understand that because the common Stock has not been registered under the Act of any State, that they must hold the Stock indefinitely, and cannot dispose of any; or all of the Common STock unless such common Stock is subsequently registered under the Act and any applicable State Act, or exemptions from registration are available. The Shareholders acknowledge and understand that they have no independent right to acquire the Company to register the shares of Common Stock. The Shareholders further understand that the company may, as a condition to the transfer of any of the Common Stock, require that the request for transfer be accompanied by an opinion of counsel, inform and substance satisfactory to the Company, provided at such Shareholder's expense, to the effect taht the proposed transfer does nto result in violation of the Act of any applicable State Act, unless such transfer is covered by an effective registration statement under the Act and is in compliance with all applicable State Acts.

Future Registration. The Shareholders understand that because the common Common Stock has not been registered under the Act of or any StateState Act, that they must hold the Common Stock indefinitely, and cannot dispose of any; any or all of the Common STock Stock unless such common Common Stock is subsequently registered under the Act and any applicable State Act, or exemptions from registration are available. The Shareholders acknowledge and understand that they have no independent right to acquire the Company require HyperDynamics to register the shares of Common Stock. The Shareholders further understand that the company HyperDynamics may, as a condition to the transfer of any of the Common Stock, require that the request for transfer by a Shareholder be accompanied by an opinion of counsel, inform in form and substance satisfactory to the CompanyHyperDynamics, provided at such Shareholder's expense, to the effect taht that the proposed transfer does nto not result in violation of the Act of or any applicable State Act, unless such transfer is covered by an effective registration statement under the Act and is in compliance with all applicable State Acts.

Future Registration. The Shareholders understand that because the common Common Stock has not been registered regislered under the Act of or any StateState Act, that they must hold the Common Stock indefinitely, and cannot dispose of any; any or all of the Common STock Stock unless such common Common Stock is subsequently registered under the Act and any applicable State ActAa, or exemptions from registration are available. The Shareholders acknowledge and understand that they (hey have no independent right to acquire require the Company to register the shares of Common Stock. The Shareholders further understand that the company Company may, as a condition to the transfer of any of the Common Stock, require that the request for transfer by a Shareholder be accompanied by an opinion of counsel, inform in form and substance satisfactory to the Company, provided at such Shareholder's expense, to the effect taht that the proposed transfer does nto not result in violation of the Act of or any applicable State Act, unless such transfer is covered by an effective registration statement under the Act and is in compliance with all applicable State Acts. 11.