Spongetech Delivery Systems Inc (fka SPNGQ)

[puppydotcom]

yup, and may transfer the Purchased Shares to SpongeTech or its designee in a private transaction under Section 4((1) of the Securities Act of 1933, as amended (“Act”), which transfer shall be made in full compliance with all applicable state and federal securities laws, and shall not be deemed a violation of any transfer restriction otherwise incorporated into or made a part of the Purchased Shares. Share certificates shall continue to bear the standard restrictive legend following transfer.

may transfer being the Key word on the subject .. if you continue to read it also says they are under no obligation to transfer any shares to anyone for any reason