Common use of Exercise Restriction Clause in Contracts

Exercise Restriction. The Principal Stockholder hereby agrees not to exercise any of its Warrants from the date of this Agreement until the earlier of (i) termination of this Agreement or (ii) consummation of the Merger; provided that the Principal Stockholder may exercise its Warrants if it immediately sells the Shares received pursuant to such exercise in a transaction that complies with Section 3.2(a) hereof.

Exercise Restriction. The Principal Stockholder hereby agrees not to exercise any of its Warrants from the date of this Agreement until the earlier of (i) termination of this Agreement or (ii) consummation of the Merger; provided PROVIDED that the Principal Stockholder may exercise its Warrants if it immediately sells the Shares received pursuant to such exercise in a transaction that complies with Section 3.2(a) hereof.