Common use of SECURITIES LAW ISSUES, TRANSFER RESTRICTIONS Clause in Contracts

SECURITIES LAW ISSUES, TRANSFER RESTRICTIONS. (a) Grantee Acknowledgements and Representations. The Grantee understands and agrees that: (i) the Restricted Shares have not been registered under the Securities Act, (ii) the Restricted Shares are restricted securities under the Securities Act and (iii) the Restricted Shares may not be resold or transferred unless they are first registered under the Securities Act or unless · an exemption from such registration is available. The Grantee hereby makes to the Company the representations and warranties set forth in Exhibit C hereto.

SECURITIES LAW ISSUES, TRANSFER RESTRICTIONS. (a) Grantee Acknowledgements and Representations. The Grantee understands and agrees that: (ix) the Restricted Shares have not been registered under the Securities Act, (iiy) the Restricted Shares are restricted securities under the Securities Act and (iiiz) the Restricted Shares may not be resold or transferred unless they are first registered under the Securities Act or unless · an exemption from such registration is available. The Grantee hereby makes to the Company the representations and warranties set forth in Exhibit C hereto.