Nautilus 2004 Annual Report Download - page 65

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4. Optionee’s Representations . In the event the Shares purchasable pursuant to the exercise of the Option have not been registered under the
Securities Action of 1933, as amended, at the time this Option is exercised, Optionee shall, concurrently with the exercise of all or any portion
of this Option, deliver to the Company the Optionee’s Investment Representation Statement in such form as may be required in the opinion of
the Company’s legal counsel to comply with applicable state and federal securities laws.
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