Common use of Exchange or Assignment of Warrant Clause in Contracts

Exchange or Assignment of Warrant. Holder may not, directly or indirectly, voluntarily or involuntarily, sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of, voluntarily or involuntarily, directly or indirectly (each, a “Transfer”) this Warrant, except that Hxxxxx may transfer the Warrant to Hxxxxx’s spouse and direct descendants of Hxxxxx, and the heirs, executors, administrators, testamentary trustees, legatees or beneficiaries of Hxxxxx’s estate upon death (each, a “Permitted Transferee”); provided, however, that (x) any such Permitted Transferee shall have agreed in writing to be bound by the terms of this Agreement with respect to the Shares and (y) any transfer to a Permitted Transferee shall not be in violation of applicable federal or state securities laws.

Exchange or Assignment of Warrant. Holder may not, directly or indirectly, voluntarily or involuntarily, sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of, voluntarily or involuntarily, directly or indirectly (each, a “"Transfer”") this Warrant, except that Hxxxxx Holder may transfer the Warrant to Hxxxxx’s Holder's spouse and direct descendants of HxxxxxHolder, and the heirs, executors, administrators, testamentary trustees, legatees or beneficiaries of Hxxxxx’s Holder's estate upon death (each, a “"Permitted Transferee”"); provided, however, that (x) any such Permitted Transferee shall have agreed in writing to be bound by the terms of this Agreement with respect to the Shares and (y) any transfer to a Permitted Transferee shall not be in violation of applicable federal or state securities laws.

Exchange or Assignment of Warrant. Holder may not, directly or indirectly, voluntarily or involuntarily, sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of, voluntarily or involuntarily, directly or indirectly (each, a “Transfer”) this Warrant, except that Hxxxxx Holder may transfer the Warrant to HxxxxxHolder’s spouse and direct descendants of HxxxxxHolder, and the heirs, executors, administrators, testamentary trustees, legatees or beneficiaries of HxxxxxHolder’s estate upon death (each, a “Permitted Transferee”); provided, however, that (x) any such Permitted Transferee shall have agreed in writing to be bound by the terms of this Agreement with respect to the Shares and (y) any transfer to a Permitted Transferee shall not be in violation of applicable federal or state securities laws.