Common use of Restrictions Upon Transfer and Removal of Legend Clause in Contracts

Restrictions Upon Transfer and Removal of Legend. (a) The Company need not register a transfer of this Warrant or shares of Designated Preferred Stock issued on exercise of this Warrant bearing the restrictive legend set forth in Section 9 hereof, unless the conditions specified in such legend are satisfied and, at the discretion of the Company, the Company has received such representations from the transferee as the Company deems necessary to ensure compliance with applicable securities laws. The Company may also instruct its transfer agent not to register the transfer of the Shares unless one of the conditions specified in the legend referred to in Section 9 hereof is satisfied.