Covenants of Vicis. Vicis covenants as follows:
Covenants of Vicis. Vicis covenants that, as long as this Option remains outstanding, Vicis shall not sell, convey, transfer, exchange or otherwise dispose of any of the Option Shares or any interest therein, or create, incur, or permit to exist any pledge, mortgage, lien, charge, encumbrance or any security interest whatsoever with respect to any of the Option Shares or the products and proceeds thereof, unless all of the Option Shares are sold, conveyed, transferred, exchanged or otherwised disposed of in a single transaction, and such transferee or pledgee has agreed in writing to be bound by this Option. Upon request of Optionee and subject to this Agreement, place a legend on the back of the certificates for the Securities referencing this Option, such legend being in form and substance reasonably acceptable to Optionee.
Covenants of Vicis. Vicis covenants that, as long as this Option remains outstanding, Vicis shall not, directly or indirectly, (i) sell, convey, transfer, exchange or otherwise dispose of any of the Option Shares or any interest therein, (ii) enter into any contract, option or other arrangement or understanding with respect thereto (including any voting trust or agreement or the granting of any proxy), (iii) convert any Ordinary Shares into ADSs, or (iv) create, incur, or permit to exist any pledge, mortgage, lien, charge, encumbrance or any security interest whatsoever with respect to any of the Option Shares or the products and proceeds thereof. Upon request of the Optionee and subject to this Agreement, Vicis shall place a legend on the back of any certificates for the Option Shares referencing this Option, such legend being in form and substance reasonably acceptable to the Optionee.
