Common use of Shares of Clause in Contracts

Shares of. Common Stock issued upon the exercise of any portion of the Option granted under this Agreement shall be transferable only pursuant to an effective registration or exemption from registration under the Securities Act of 1933, as amended. Stock certificates representing shares of Common Stock shall bear a legend in substantially the following form: The shares of the Corporation's common stock represented by this certificate have not been registered under the Securities Act of 1933, as amended, and may not be transferred except pursuant to an effective registration, or exemption from registration, under said Act.