Common use of Restrictions on Resale Clause in Contracts

Restrictions on Resale. Unless and until registered under the Securities Act of 1933, as amended (the “Securities Act”), any Shares purchased pursuant to the Stock Option will be illiquid and will be deemed to be “restricted securities” for purposes of the Securities Act. Accordingly, any such Shares may be sold only in compliance with the registration requirements of the Securities Act or an exemption therefrom and may need to be held indefinitely. Unless and until the Shares have been registered under the Securities Act, each certificate evidencing any of the Shares shall bear a restrictive legend specified by the Company.

Restrictions on Resale. Unless and until registered under the Securities Act of 1933, as amended (the “Securities Act”), any Option Shares purchased pursuant to the Stock Option will be illiquid and will be deemed to be “restricted securities” for purposes of the Securities Act. Accordingly, any such Option Shares may be sold only in compliance with the registration requirements of the Securities Act or an exemption therefrom and may need to be held indefinitely. Unless and until the Option Shares have been registered under the Securities Act, each certificate evidencing any of the Option Shares shall bear a restrictive legend specified by the Company.

Restrictions on Resale. Unless and until registered under the Securities Act of 1933, as amended (the “"Securities Act”"), any Shares purchased pursuant to the Stock Option will be illiquid and will be deemed to be “"restricted securities” " for purposes of the Securities Act. Accordingly, any such Shares may be sold only in compliance with the registration requirements of the Securities Act or an exemption therefrom and may need to be held indefinitely. Unless and until the Shares have been registered under the Securities Act, each certificate evidencing any of the Shares shall bear a restrictive legend specified by the Company.