Common use of Holdback Period and Transfer Clause in Contracts

Holdback Period and Transfer. Except as specifically restricted hereby, this Warrant and the Warrant Stock issued may be transferred by the Holder in whole or in part at any time or from time to time. In the event that the Company publicly offers shares of its Common Stock, the Warrant Stock (if converted into Common Stock of the Company) may not be sold from the date of the Company's initial public offering of securities for a period ending six months after the conclusion of such initial public offering. Upon surrender of this Warrant to the Company or at the office of its stock transfer agent, if any, with an appropriate assignment form duly executed and funds sufficient to pay any transfer tax, and upon compliance with the foregoing provisions, the Company shall, without charge, execute and deliver a new Warrant in the name of the assignee named in such instrument of assignment, and this Warrant shall promptly be canceled. Any assignment, transfer, pledge, hypothecation or other disposition of this Warrant attempted contrary to the provisions of this Warrant, or any levy of execution, attachment or other process attempted upon this Warrant, shall be null and void and without effect.

Holdback Period and Transfer. Except as specifically restricted hereby, this Warrant Debenture and the Warrant Stock Units issued may be transferred by the Holder in whole or in part at any time or from time to time. In the event that the Company Corporation publicly offers shares of its Common Stockcommon stock, the Warrant Stock (if converted into Common Stock of the Company) Units may not be sold from the date of the CompanyCorporation's initial public offering of securities for a period ending six twelve (12) months after the conclusion of such initial public offering. Upon surrender of this Warrant Debenture to the Company Corporation or at the office of its stock transfer agent, if any, with an appropriate assignment form duly executed accompanied by a request for transfer of this Debenture to a transferee, and accompanied by funds sufficient to pay any documentary stamp or similar issue or transfer tax, and upon compliance with the foregoing provisionsprovisions of this Section 12, the Company Corporation shall, without charge, execute and deliver a new Warrant Debenture in the name of the assignee named in such instrument of assignmenttransferee, and this Warrant Debenture shall promptly be canceled. Any assignment, transfer, pledge, hypothecation or other disposition of this Warrant Debenture attempted contrary to the provisions of this WarrantDebenture, or any levy of execution, attachment or other process attempted upon this WarrantDebenture, shall be null and void and without effect.

Holdback Period and Transfer. Except as specifically restricted hereby, this Warrant Debenture and the Warrant Stock Debenture Shares issued may be transferred by the Holder in whole or in part at any time or from time to time. In the event that the Company Corporation publicly offers shares of its Common Stockcommon stock, the Warrant Stock (if converted into Common Stock of the Company) Debenture Shares may not be sold from the date of the CompanyCorporation's initial public offering of securities for a period ending six (6) months after the conclusion of such initial public offering. Upon surrender of this Warrant Debenture to the Company Corporation or at the office of its stock transfer agent, if any, with an appropriate assignment form duly executed accompanied by a request for transfer of this Debenture to a transferee, and accompanied by funds sufficient to pay any documentary stamp or similar issue or transfer tax, and upon compliance with the foregoing provisionsprovisions of this Section 13, the Company Corporation shall, without charge, execute and deliver a new Warrant Debenture in the name of the assignee named in such instrument of assignmenttransferee, and this Warrant Debenture shall promptly be canceled. Any assignment, transfer, pledge, hypothecation or other disposition of this Warrant Debenture attempted contrary to the provisions of this WarrantDebenture, or any levy of execution, attachment or other process attempted upon this WarrantDebenture, shall be null and void and without effect.