Restrictions--General. The registered Holder of this Unit Purchase Option, by its acceptance hereof, agrees that it will not sell, transfer, assign, pledge or hypothecate this Unit Purchase Option for a period of one hundred eighty (180) days following the Effective Date to anyone other than (i) Newbridge or I-Bankers or an underwriter or a selected dealer in connection with the Offering, or (ii) a bona fide officer or partner of Newbridge or I-Bankers or of any such underwriter or selected dealer. On and after the first anniversary of the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities laws. In order to make any permitted assignment, the Holder must deliver to the Company the assignment form attached hereto duly executed and completed, together with the Unit Purchase Option and payment of all transfer taxes, if any, payable in connection therewith. The Company shall within five business days transfer this Unit Purchase Option on the books of the Company and shall execute and deliver a new Unit Purchase Option or Unit Purchase Options of like tenor to the appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Units purchasable hereunder or such portion of such number as shall be contemplated by any such assignment.
Appears in 5 contracts
Samples: Unit Purchase Option Agreement (Sand Hill It Security Acquisition Corp), Unit Purchase Option Agreement (Sand Hill It Security Acquisition Corp), Unit Purchase Option Agreement (Sand Hill It Security Acquisition Corp)
