Prohibition on Transfers During Restricted Period. Except for Permitted Transfers (as defined below), Shareholder shall not, at any time prior to the termination of the Restricted Period (as defined below) directly or indirectly, (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any of the Shares or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any of the Shares, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Shares, in cash or otherwise (any such transaction, whether or not for consideration, being referred to herein as a "TRANSFER"). For purposes of this Agreement, the "RESTRICTED PERIOD" means the period commencing on the Closing Date and ending on the third anniversary of the Closing Date.
Prohibition on Transfers During Restricted Period. Except as set forth in sub-section (d), the undersigned shall not, at any time prior to the second anniversary of the date hereof (the "Restricted Period"), directly or indirectly, (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any of the Shares or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any of the Shares, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Shares, in cash or otherwise (any such transaction, whether or not for consideration, being referred to herein as a "Transfer" and each person or entity to whom a Transfer is made, regardless of the method of Transfer, is referred as a "Transferee").
Prohibition on Transfers During Restricted Period. Except as set forth in Section 3, no Stockholder shall, at any time prior to the second anniversary of the Closing Date (the "Restricted Period"), directly or indirectly, (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any of the Shares or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any of the Shares, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Shares, in cash or otherwise (any such transaction, whether or not for consideration, being referred to herein as a "Transfer" and each Person to whom a Transfer is made, regardless of the method of Transfer, is referred as a "Transferee").
Prohibition on Transfers During Restricted Period. Except as set forth in Section 2, neither SAMIR, or any shareholder of the 3 million shares referenced herein shall, at any time from April 9, 2008 until April 15, 2009 (the "Restricted Period"), directly or indirectly, sell, pledge, hypothecate, or otherwise dispose of the shares which are the subject of this agreement.
Prohibition on Transfers During Restricted Period. Except as set forth in Section 3, no Stockholder shall, at any time prior to the first anniversary of the Closing Date (the "Restricted Period"), directly or indirectly, without the consent of the Company (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any of the Shares or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any of the Shares, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Shares, in cash or otherwise (any such transaction, whether or not for consideration, being referred to herein as a "Transfer" and each Person to whom a Transfer is made, regardless of the method of Transfer, is referred as a "Transferee") if, after giving effect to such transfer, the Stockholder shall have transferred in the aggregate amount of 50% of the Common Stock held by such Stockholder as of the date hereof. The restrictions set forth in this paragraph shall not prohibit, with respect to any Stockholder, (i) a Transfer to a trust for the benefit of such Stockholder's spouse or issue or to a family partnership, limited liability company or similar entity of which the members are solely such Stockholder or such Stockholder's spouse or issue and as to which such Person exercises voting control, (ii) a Transfer to an Affiliate of such Stockholder, (iii) a Transfer between Stockholders, (iv) if such Stockholder is a limited or general partnership, a Transfer to its partners in connection with a distribution of securities held by such Stockholder to its partners; or (v) a Transfer in connection with merger, consolidation, or other business combination of the Company (each a "Permitted Transfer").
