Common use of Disposition of Warrants or Shares Clause in Contracts

Disposition of Warrants or Shares. The Holder of this Warrant Certificate and any transferee hereof or of the Shares issuable upon the exercise of this Warrant, by their acceptance hereof or thereof, hereby understand and agree that this Warrant, and the Shares issuable upon the exercise hereof, have not been registered under either the Securities Act of 1933 (the “1933 Act”) or applicable state securities laws (the “State Acts”) and shall not be sold, pledged, hypothecated, donated or otherwise transferred (whether or not for consideration) except upon the issuance to the Corporation of a favorable opinion of counsel or submission to the Corporation of such evidence as may be reasonably satisfactory to counsel to the Corporation, in each such case, to the effect that any such transfer shall not be in violation of the Act and the State Acts. It shall be a condition to the transfer of this Warrant that any transferee hereof deliver to the Corporation its written agreement to accept and be bound by all of the terms and conditions of this Warrant Certificate.

Disposition of Warrants or Shares. The Holder holder of this Warrant Certificate and any transferee hereof or of the Shares issuable upon the exercise of this Warrantthe Warrant Certificate, by their acceptance hereof or thereofhereof, hereby (i) represent and warrant that this Warrant Certificate and the shares issuable upon exercise thereof are being acquired for investment for the account of the holder and with no intent to sell, transfer or subdivide such Warrant Certificate or Shares, and (ii) except as herein specifically provided and permitted understand and agree that this the Warrant, and the Shares issuable upon the exercise hereof, have not been registered under either the Securities Act of 1933 (the “1933 "Act”") or applicable state securities laws State Securities Laws (the “"State Acts”") and shall not be sold, pledged, hypothecated, donated or otherwise transferred (whether or not for consideration) except upon the issuance to the Corporation Company of a favorable opinion of counsel or and/or submission to the Corporation Company of such evidence as may be reasonably satisfactory to counsel to the CorporationCompany, in each such case, to the effect that any such transfer shall not be in violation of the Act and the State Acts. It shall be a condition to the transfer of this Warrant that any transferee hereof thereof deliver to the Corporation Company its written agreement to accept and be bound by all of the terms and conditions of this Warrant Certificate.

Disposition of Warrants or Shares. The Holder holder of this Warrant Certificate and any transferee hereof or of the Shares issuable upon the exercise of this Warrantthe Warrant Certificate, by their acceptance hereof or thereofhereof, hereby understand and agree that this the Warrant, and the Shares issuable upon the exercise hereof, have not been registered under either the Securities Act of 1933 (the “1933 Act”) or applicable state securities laws (the “State Acts”) and shall not be sold, pledged, hypothecated, donated donated, or otherwise transferred (whether or not for consideration) except upon the issuance to the Corporation Company of a favorable opinion of counsel or submission to the Corporation Company of such evidence as may be reasonably satisfactory to counsel to the CorporationCompany, in each such case, to the effect that any such transfer shall not be in violation of the Act and the State Acts. It shall be a condition to the transfer of this Warrant that any transferee hereof deliver thereof delivers to the Corporation Company its written agreement to accept and be bound by all of the terms and conditions of this Warrant Certificate.

Disposition of Warrants or Shares. The Holder holder of this the Warrant Certificate and any transferee hereof or of the Shares issuable upon the exercise of this Warrantthe Warrant Certificate, by their acceptance hereof or thereofhereof, hereby understand and agree that this the Warrant, and the Shares issuable upon the exercise hereof, may have not been registered under either the Securities Act of 1933 (the “1933 "Act”") or applicable state securities laws (the “"State Acts”") and unless registered shall not be sold, pledged, hypothecated, donated donated, or otherwise transferred (whether or not for consideration) except upon the issuance to the Corporation Company of a favorable opinion of counsel or submission to the Corporation Company of such evidence as may be reasonably satisfactory to counsel to the CorporationCompany, in each such case, to the effect that any such transfer shall not be in violation of the Act and the State Acts. It shall be a condition to the transfer of this the Warrant that any transferee hereof thereof deliver to the Corporation Company its written agreement to accept and be bound by all of the terms and conditions of this the Warrant Certificate.