Lithium Exploration Group Inc. (fka LEXG)

[alexbh2285]

Meaning from the purchase agreements it doesn't appear that LEXG or the buyers think that conversion of these convertibles results in stock restricted under rule 144 (the agreements specifically say unrestricted stock). The agreements specifically state that conversion can occur on any date after issuance and in what is tantamount to saying that rule 144 does not apply, it says that the stock will be registered with a DWAC and not bear any restrictive legends. Are these purchase agreements illegal? Seems odd.