Common use of Disposition under Rule 144 Clause in Contracts

Disposition under Rule 144. The Grantee understands that if the shares acquired pursuant to this Agreement are not registered prior to the Company’s issuance of such shares, the share will be restricted securities within the meaning of Rule 144 promulgated under the Securities Act (“Rule 144”). In addition, Grantee understands that he is an “affiliate” for purposes of Rule 144, and as such, remains subject to the “affiliate” restrictions set forth in Rule 144. As a result, Grantee understands and agrees that any future transfers of the Stock must be conducted in compliance with Rule 144.

Disposition under Rule 144. The Grantee understands that if the shares acquired pursuant to this Agreement are not registered prior to the Company’s issuance of such shares, the share shares will be restricted securities within the meaning of Rule 144 promulgated under the Securities Act (“Rule 144”). In additionsuch case, the Grantee understands that he is an “affiliate” for purposes of Rule 144, and as such, remains subject to the “affiliate” restrictions set forth in Rule 144. As a result, Grantee understands and agrees that any future transfers of the Stock must be conducted in compliance with Rule 144.