Prohibition on Transfers. Except as set forth in Section 3, the Security Holders shall not, from the date of this Agreement and at any time prior to the date that is three (3) years from the date the Company closes its initial registered offering of Units (the “Restricted Period”), sell, assign, transfer, or grant any option for the sale of, or otherwise transfer or dispose of, whether or not for consideration, any of the Restricted Units. Except for the Restricted Units, this restriction on transfer shall not apply to any other Units of the Company held by the Security Holders. Following the expiration of the Restricted Period, the prohibition on transfers shall terminate and the Security Holders shall be allowed to transfer the Units.
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Samples: Lock Up Agreement (One Earth Energy LLC), Lock Up Agreement (One Earth Energy LLC), Lock Up Agreement (Homeland Energy Solutions LLC)
Prohibition on Transfers. Except as set forth in Section 3, the Security Holders shall not, from the date of this Agreement and at any time prior to the date that is three (3) years from the date the Company closes its initial registered offering of Units May 10, 2008 (the “"Restricted Period”"), sell, assign, transfer, or grant any option for the sale of, or otherwise transfer or dispose of, whether or not for consideration, any of the Restricted Units. Except for the Restricted UnitsUnits listed on Schedule A, this restriction on transfer shall not apply to any other Units of the Company held by the Security Holders. Following the expiration of the Restricted Period, the prohibition on transfers shall terminate and the Security Holders shall be allowed to transfer the Units.
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