Common use of Restriction on Alienation Clause in Contracts

Restriction on Alienation. Purchaser agrees that Purchaser will not sell, transfer, gift, pledge, hypothecate, assign or otherwise dispose of any of the Shares or any right or interest therein, whether voluntary, by operation of law or otherwise, without the prior written consent of the Company, except a transfer which meets the requirements of this Subscription Agreement and complies with all applicable law. Any sale, transfer, gift, pledge, hypothecation, assignment or purported sale, transfer or other disposition of such Shares by Purchaser shall be null and void unless the terms, conditions and provisions of this Agreement are strictly observed.