Common use of Limitations on Resale; Restrictive Legend Clause in Contracts

Limitations on Resale; Restrictive Legend. Each Seller acknowledges that he will not sell, assign, hypothecate, or otherwise transfer any rights to, or any interest in, the Shares except (i) pursuant to an effective registration statement under the Securities Act, or (ii) in any other transaction which, in the opinion of counsel acceptable to Buyer, is exempt from registration under the Securities Act, or the rules and regulations of the SEC thereunder. The Seller also acknowledges that an appropriate legend will be placed upon each of the certificates representing the Shares stating that the Shares have not been registered under the Securities Act and setting forth or referring to the restrictions on transferability and sale of the Shares.

Limitations on Resale; Restrictive Legend. Each Seller The undersigned acknowledges that he he, she, or it will not sell, assign, hypothecate, or otherwise transfer any rights to, or any interest in, the Shares except (i) pursuant to an effective registration statement under the Securities Act, or (ii) in any other transaction which, in the opinion of counsel acceptable to Buyerthe Company, is exempt from registration under the Securities Act, or the rules and regulations of the SEC thereunder. The Seller undersigned also acknowledges that an appropriate legend will be placed upon each of the certificates representing the Shares stating that the Shares have not been registered under the Securities Act and setting forth or referring to the restrictions on transferability and sale of the Shares.

Limitations on Resale; Restrictive Legend. Each Seller Buyer acknowledges that he it will not sell, assign, hypothecate, or otherwise transfer any rights to, or any interest in, the Shares except (i) pursuant to an effective registration statement under the Securities Act, or (ii) in any other transaction which, in the opinion of counsel acceptable to the relevant Buyer, is exempt from registration under the Securities Act, or the rules and regulations of the SEC thereunder. The Seller Each Buyer also acknowledges that that, if a certificate is issued, an appropriate legend will be placed upon each of the certificates certificate representing the Shares stating that the Shares have not been registered under the Securities Act and setting forth or referring to the restrictions on transferability and sale of the Shares.

Limitations on Resale; Restrictive Legend. Each Seller The Buyer acknowledges that he will not sell, assign, hypothecate, or otherwise transfer any rights to, or any interest in, the Shares except (i) pursuant to an effective registration statement under the Securities Act, or (ii) in any other transaction which, in the opinion of counsel acceptable to Buyerthe Issuer, is exempt from registration under the Securities Act, or the rules and regulations of the SEC thereunder. The Seller Buyer also acknowledges that an appropriate legend will be placed upon each of the certificates representing the Shares stating that the Shares have not been registered under the Securities Act and setting forth or referring to the restrictions on transferability and sale of the Shares.

Limitations on Resale; Restrictive Legend. Each Seller The Shareholder acknowledges that he he, she, or it will not sell, assign, hypothecate, or otherwise transfer any rights to, or any interest in, the Purchaser Shares except (i) pursuant to an effective registration statement under the Securities Act, or (ii) in any other transaction which, in the opinion of counsel acceptable to Buyerthe Purchaser, is exempt from registration under the Securities Act, or the rules and regulations of the SEC thereunder. The Seller Shareholder also acknowledges that an appropriate legend will be placed upon each of the certificates representing the Purchaser Shares stating that the Shares they have not been registered under the Securities Act and setting forth or referring to the restrictions on transferability and sale of the Sharesthereof.