Common use of Transfer Restrictions Regarding Securities Clause in Contracts

Transfer Restrictions Regarding Securities. Upon conversion of any part or all of the Preferred Stock at any time as permitted hereby, if the holder of the Preferred Stock being converted makes the certification, pursuant to the Notice of Conversion attached hereto as Exhibit D, that such holder has complied with all of the requirements of the Securities Act and such other requirements as set forth herein, then the Company shall cause its transfer agent to deliver the underlying Common Stock ("Underlying Shares") upon such conversion with restrictive legend or stop transfer instructions.

Transfer Restrictions Regarding Securities. Upon conversion of any part or all of the Preferred Series D Stock at any time as permitted hereby, if the holder of the Preferred Series D Stock being converted makes the certification, pursuant to the Notice of Conversion attached hereto as Exhibit D, that such holder has complied with all of the requirements of the Securities Act and such other requirements as set forth herein, then the Company shall cause its transfer agent to deliver the underlying Common Stock ("Underlying Shares") upon such conversion with restrictive legend or stop transfer instructions.

Transfer Restrictions Regarding Securities. Upon conversion of any part or all of the Preferred Series C Stock at any time as permitted hereby, if the holder of the Preferred Series C Stock being converted makes the certification, pursuant to the Notice of Conversion attached hereto as Exhibit DC, that such holder has complied with all of the requirements of the Securities Act and such other requirements as set forth herein, then the Company shall cause its transfer agent to deliver the underlying Common Stock ("Underlying Shares") upon such conversion with restrictive legend or stop transfer instructions.