Common use of Transfer or Assignment of Registration Rights Clause in Contracts

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 50,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, assignment stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 11 and prior to such transfer, as a condition thereof, delivers to the Company a written instrument by which such transferee agrees to be bound by this Agreement.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 2 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 200,000 shares of Registrable Securities (as presently currently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after prior to said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1Agreement.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 Sections 1.2, 1.3 and 1.5 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 25,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, splits and the like), and only provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the said transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, and provided further, further that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section Article 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company Corporation to register securities granted to a Holder by the Company under Corporation pursuant to this Section 1 6 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 50,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company Corporation is given written notice at the time of or within a reasonable time after said transfer or and assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 16.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five one hundred thousand (25,000100,000) shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities Securities and all related rights granted to a Holder Warrantholder by the Company under this Section 1 7 may be transferred or assigned by a Holder Warrantholder only to a transferee or assignee of not less than twenty-five thousand (25,000) 100,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities Securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder Warrantholder under this Section 17.

Transfer or Assignment of Registration Rights. The rights granted to Holder under Section 3 to cause the Company to register securities granted to a Holder by the Company under this Section 1 Agreement may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 1,200,000 shares of Registrable Securities (as presently constituted and calculated based upon the then effective conversion price for the Preferred Stock, and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1Agreement.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 Agreement may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) ______________ shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, assigned and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1Agreement.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 2 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 100,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like)) or any partner, limited partner, member, manager or affiliated venture capital fund, provided that (i) the Company is given written notice at the time of or within a reasonable time after prior to said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being intended to be transferred or assigned, and, provided further, that assigned and (ii) the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Agreement, including without limitation the obligations set forth in Section 12.12.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a the Holder by the Company under this Section 1 13 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) shares all of Registrable Securities the Exercise Shares (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 113.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 250,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities Securities and all related rights granted to a Holder Investor by the Company under this Section 1 7 may be transferred or assigned by a Holder Investor only to a transferee or assignee of not less than twenty-five thousand (25,000) 100,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided PROVIDED that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities Securities with respect to which such registration rights are being transferred or assigned, and, provided furtherPROVIDED FURTHER, that the transferee or assignee of such rights assumes in writing the obligations of such Holder Investor under this Section 17.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities Securities and all related rights granted to a Holder Warrantholder by the Company under this Section 1 7 may be transferred or assigned by a Holder Warrantholder only to a transferee or assignee of not less than twenty-five thousand (25,000) 100,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided PROVIDED that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities Securities with respect to which such registration rights are being transferred or assigned, and, provided furtherPROVIDED FURTHER, that the transferee or assignee of such rights assumes in writing the obligations of such Holder Warrantholder under this Section 17.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 Agreement may be transferred or assigned by a Holder only to a transferee transferee, assignee or assignee holder of not less than twenty-five thousand (25,000) 40,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), ; provided that the Company is given written notice at the time of or within a reasonable time after said (i) such transfer or assignment, stating assignment of Registrable Securities is effected in accordance with the name terms of Section 2.7 hereof and address of the transferee or assignee applicable securities laws and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that (ii) the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1Agreement.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 2 may be transferred or assigned by a Holder only to an Affiliate of such Holder or to a transferee or assignee of not less than twenty-five thousand (25,000) 1,500,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock share splits, stock share dividends, reverse stock share splits, and the like); provided that, provided that in each case (i) the Company is given written notice at the time of or within a reasonable time after prior to said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being intended to be transferred or assigned, and, provided further, that assigned and (ii) the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Agreement, including without limitation the obligations set forth in Section 12.10.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 Sections 1.2, 1.3 and 1.5 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand ten percent (25,00010%) shares of the Registrable Securities then held by the Holder (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splitsprovided such securities have a fair market value of not less than $250,000), and the like), only provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the said transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, and provided further, further that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 200,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section Article 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 250,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section Article 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 Agreement may be transferred or assigned by a the Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) [8] shares of Registrable Securities Shares (as presently constituted and subject to subsequent appropriate adjustments for stock splits, stock dividends, reverse stock splits, splits and the like), provided that the Company is given written notice at the time of or within a reasonable time after said the transfer or assignment, assignment stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, and provided further, further that before or concurrently with his or her exercise of any such rights the transferee or assignee of such rights assumes in a writing given to the Company the obligations of such Holder under this Section 1Agreement.

Transfer or Assignment of Registration Rights. The rights to cause the Company Gateway to register securities granted to a Holder by the Company Gateway under this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 50,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company Gateway is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities Registrable Securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder Guidant by the Company under this Section 1 5 may be transferred or assigned by a Holder Guidant only to a transferee or assignee of not less than twenty-five thousand (25,000) shares 50,000 of Registrable Securities the Shares (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like)) or to an affiliate of Guidant, provided that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder Guidant under this Section 1Agreement in a writing delivered to the Company.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 Agreement may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 120,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1Agreement.

Transfer or Assignment of Registration Rights. The rights to cause the Company Corporation to register securities granted to a Holder by the Company Corporation under this Section 1 Paragraph 8 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 250,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company Corporation is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1Paragraph 8.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 Agreement may be transferred or assigned by a the Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 200,000 shares of Registrable Securities Shares (as presently constituted and subject to subsequent appropriate adjustments for stock splits, stock dividends, reverse stock splits, splits and the like), provided that the Company is given written notice at the time of or within a reasonable time after said the transfer or assignment, assignment stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, and provided further, further that before or concurrently with his or her exercise of any such rights the transferee or assignee of such rights assumes in a writing given to the Company the obligations of such Holder under this Section 1Agreement.

Transfer or Assignment of Registration Rights. The rights to --------------------------------------------- cause the Company to register securities granted to a Holder by the Company under this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 75,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company Corporation to register securities granted to a Holder by the Company Corporation under this Section 1 Agreement may be transferred or assigned by a Holder only to a transferee or assignee of assignee, who together with its affiliates hold not less than twenty-five thousand percent (25,0005%) shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company Corporation is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, and provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1Agreement.

Transfer or Assignment of Registration Rights. The rights to cause --------------------------------------------- the Company to register securities granted to a Holder by the Company under this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 500,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 may be transferred or assigned by a Holder only to an Affiliate of such Holder or to a transferee or assignee of not less than twenty-five thousand twenty percent (25,00020%) of such Holder’s shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 hereunder may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 100,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying indemnifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1Agreement.

Transfer or Assignment of Registration Rights. The rights to cause --------------------------------------------- the Company to register securities granted to a Holder by the Company under this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 200,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 2 or the right to demand that the Company register securities granted under Section 3 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 10,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like); provided, provided however, that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1Agreement.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder the Purchaser by the Company under this Section 1 7.1 may be transferred or assigned by a Holder the Purchaser only to a transferee or assignee of not less than twenty-five thousand (25,000) shares of Registrable Securities one million Shares (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, splits and the like), and only provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the said transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, and provided further, further that the transferee or assignee of such rights assumes in writing the obligations of such Holder the Purchaser under this Section 17.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder THEC Holdings by the Company under this Section 1 Agreement may be transferred or assigned by a Holder THEC Holdings only to a transferee or assignee of not Registrable Securities representing no less than twenty-five thousand (25,000) 10% of the Company’s then outstanding shares of Registrable Securities Common Stock. Any transfer or assignment of the registration rights granted under this Agreement shall be conditioned upon (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and i) the like), provided that the Company is Company’s being given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that assigned and (ii) the assumption in writing by the transferee or assignee of such rights assumes in writing the obligations of such a Holder under this Section 1Agreement.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 Agreement may be transferred or assigned by a the Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 200,000 shares of Registrable Securities Shares (as presently constituted and subject to subsequent appropriate adjustments for stock splits, stock dividends, reverse stock splits, splits and the like), provided that the Company is given written notice at the time of or within a reasonable time after said the transfer or assignment, assignment stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, and provided further, further that before or concurrently with his or her exercise of any such rights the transferee or assignee of such rights assumes in a writing given to the Company the obligations of such Holder under this Section 1.this

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than (a "QUALIFIED TRANSFEREE") who acquires at least twenty-five thousand percent (25,00025%) shares of any Investor's initial Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee Qualified Transferee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee Qualified Transferee of such rights assumes in writing the obligations of such Holder under this Section 1.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than twenty-five thousand (25,000) 100,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 12.

Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities Securities and all related rights granted to a Holder Investor by the Company under this Section 1 7 may be transferred or assigned by a Holder Investor only to a transferee or assignee of not less than twenty-five thousand (25,000) 100,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the transferee or assignee and identifying the securities Securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder Investor under this Section 17.

Transfer or Assignment of Registration Rights. The Subject to the terms of the Merger Agreement, the rights to cause the Company to register securities granted to a Holder by the Company under this Section 1 Sections 2.5, 2.6 and 2.8 may be transferred or assigned by a Holder only to a transferee or assignee of not less fewer than twenty-five thousand (25,000) 50,000 shares of Registrable Restricted Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends, reverse stock splits, splits and the like), provided that the Company is given written notice at the time of or within a reasonable time after said such transfer or assignment, stating the name and address of the such transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes in writing the obligations of such Holder under this Section 1.and provided