Common use of Securities Law Restrictions on Transfer Clause in Contracts

Securities Law Restrictions on Transfer. The Holder, by acceptance hereof, agrees that, absent an effective registration statement filed with the SEC under the Securities Act covering the disposition or sale of this Warrant or the Common Stock issued or issuable upon exercise hereof, and registration or qualification under applicable state securities laws, such Holder will not sell, transfer, pledge, or hypothecate any or any portion of this Warrant or Common Stock, as the case may be, unless either (i) the Company has received an opinion of counsel, in form and substance reasonably satisfactory to the Company, to the effect that such registration is not required in connection with such disposition or (ii) the sale of such securities is made pursuant to Rule 144.

Securities Law Restrictions on Transfer. The Holder, by acceptance hereof, agrees that, absent an effective registration statement filed with the SEC Commission under the Securities Act covering the disposition or sale of this Warrant Additional Investment Right or the Common Stock issued or issuable upon exercise hereofUnderlying Shares, and registration or qualification under applicable state securities laws, such Holder will not sell, transfer, pledge, or hypothecate otherwise dispose of any or any portion of this Warrant all such Additional Investment Rights or Common StockUnderlying Shares, as the case may be, unless either (i) such transfer is to an Affiliate and complies with the provisions of Section 9, (ii) the Company has received an opinion of counsel, in form and substance reasonably satisfactory to the Company, to the effect that such registration is not required in connection with such disposition or (iiiii) the sale of such securities is made pursuant to Rule 144.

Securities Law Restrictions on Transfer. The Holder, by acceptance hereof, agrees that, absent an effective registration statement filed with the SEC under the Securities Act covering the disposition or sale of this Warrant or the Common Stock issued or issuable upon exercise hereof, and registration or qualification under applicable state securities laws, such Holder will not sell, transfer, pledge, or hypothecate any or any portion of this Warrant or Common Stock, as the case may be, unless either (i) the Company has received an opinion of counsel, in form and substance reasonably satisfactory to the Company, to the effect that such registration is not required in connection with such disposition or (ii) the sale of such securities is made pursuant to Rule 144144 under the Securities Act.