Common use of Transferability of Note Clause in Contracts

Transferability of Note. This Note may not be sold, negotiated, assigned, or transferred by the Holder. Further, this Note has been acquired for investment and has not been registered under the Securities Act of 1933 (the "1933 Act") in reliance on exemptions contained in Sections 3 and 4 of the 1933 Act. This Note may not be sold or transferred except in transactions (a) registered thereunder, and (b) registered under or otherwise in compliance with the laws of the State in which the sale or transfer is to occur. The sale, transfer or other

Transferability of Note. This Note may not be sold, negotiated, assigned, or transferred by the Holder. Further, this Note has been acquired for investment and has not been registered under the Securities Act of 1933 (the "1933 Act") in reliance on exemptions contained in Sections 3 and 4 of the 1933 Act. This Note may not be sold or transferred except in transactions (a) registered thereunder, and (b) registered under or otherwise in compliance with the laws of the State in which the sale or transfer is to occur. The sale, transfer or otherother 3 disposition of this Note is restricted pursuant to the provisions of a Subscription Agreement from the registered holder to the Company, a copy of which may be examined at the office of the Company.

Transferability of Note. This Note may not be sold, negotiated, assigned, or transferred by the Holder. Further, this Note has been acquired for investment and has not been registered under the Securities Act of 1933 (the "1933 Act") in reliance on exemptions contained in Sections Section 3 and 4 of the 1933 Act. This Note may not be sold or transferred except in transactions (a) registered thereunder, and (b) registered under or otherwise in compliance with the laws of the State in which the sale or transfer is to occur. The sale, transfer or other