Common use of RESTRICTION ON FUTURE TRANSFER Clause in Contracts

RESTRICTION ON FUTURE TRANSFER. There are no restrictions on the transferability of the shares of RJL common stock being transferred to Guardian imposed by or pursuant to the company's Articles of Incorporation, Bylaws or by any other agreements to which Shareholders or RJL are a party, except for restrictions imposed by or on account of federal and state securities laws.

Appears in 2 contracts

Sources: Agreement and Plan of Reorganization (Guardian Technologies International Inc), Agreement and Plan of Reorganization (Guardian Technologies International Inc)