Common use of TRANSFER TO COMPLY WITH THE SECURITIES ACT OF 1933 Clause in Contracts

TRANSFER TO COMPLY WITH THE SECURITIES ACT OF 1933. Neither this Note nor any of the shares of Common Stock of the Company issued upon conversion of this Note, nor any interest in either, may be sold, assigned, pledged, hypothecated, encumbered or in any other manner transferred or disposed of, in whole or in part, except in compliance with applicable U.S. federal and state securities or blue sky laws and the terms and conditions hereof. Each certificate for the Common Stock issued pursuant to the conversion hereof, shall bear a legend substantially in the form as set forth on the face hereof.