Common use of Termination of Restrictions on Transfer Clause in Contracts

Termination of Restrictions on Transfer. This Agreement, and the obligations of the Stockholder and the Company hereunder, shall terminate upon the earliest to occur of: (i) the effective date of a registration statement under the Act, with respect to the Shares; (ii) the date on which the Shares become freely saleable under Rule 144 of the Act; (iii) the sale of all or substantially all of the shares of capital stock, the assets or business of the Company, by merger, sale of assets or otherwise; or (iv) the expiration of ten (10) years from the date of this Agreement. The sale of the Shares pursuant to any of the transactions described in clauses (i), (ii) and (iii) of the preceding sentence shall not be subject to the provisions of said Section 1(a) and Section 2.

Termination of Restrictions on Transfer. This Agreement, and the obligations of the Stockholder and the Company hereunder, shall terminate upon the earliest to occur of: (i) the effective date closing of a registration statement the first underwritten public offering by the Company under the Act, with respect to the SharesSecurities Act of 1933 of any of its equity securities for its own account for cash; (ii) the date on which the Shares become freely saleable under Rule 144 of the Act; (iii) the sale of all or substantially all of the shares of capital stock, the assets or business of the Company, by merger, sale of assets or otherwise; or (iviii) the expiration of ten (10) years from the date of this Agreement. The sale of the Shares pursuant to any of the transactions described in clauses (i), (ii) and (iiiii) of the preceding sentence shall not be subject to the provisions of said Section 1(a) and Section 2.

Termination of Restrictions on Transfer. This Agreement, and the obligations of the Stockholder and the Company hereunder, shall terminate upon the earliest to occur of: (i) the effective date of a registration statement under the Act, with respect to the Shares; Shares-, (ii) the date on which the Shares become freely saleable under Rule 144 of the Act; (iii) the sale of all or substantially all of the shares of capital stock, the assets or business of the Company, by merger, sale of assets or otherwise; , or (iv) the expiration of ten (10) years from the date of this Agreement. The sale of the Shares pursuant to any of the transactions described in clauses (i), (ii) and (iii) of the preceding sentence shall not be subject to the provisions of said Section 1(al(a) and Section 2.