Common use of Transferability of Warrant Clause in Contracts

Transferability of Warrant. You agree that the Warrant is being ---------------------------- acquired as an investment and not with a view to distribution thereof and that the Warrant may not be transferred, sold, assigned or hypothecated except as provided herein. The Holder agrees that the Warrant may only be transferred by will or by the laws of descent and distribution or for the benefit of one or more of the following members of the Holder's immediate family: any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law (including, without limitation, to a trust for the benefit of the Holder and/or one or more of the foregoing members of the Holder's immediate family or a corporation, partnership or limited liability company established and controlled by the Holder and/or one or more of the foregoing members of the Holder's immediate family). You further acknowledge that the Warrant may not be transferred, sold, assigned or hypothecated unless pursuant to a registration statement that has become effective under the Securities Act of 1933, as amended (the "Act"), setting forth the terms of such offering and other pertinent data with respect thereto, or unless you have provided the Company with an acceptable opinion from acceptable counsel that such registration is not required. Certificates representing the Warrant shall bear an appropriate legend. Notwithstanding the foregoing, any request to transfer the Warrant must be accompanied by the Form of Assignment and Transfer attached hereto as Schedule 2 executed by the Warrant Holder.

Transferability of Warrant. You agree that the Warrant is being ---------------------------- acquired as an investment and not with a view to distribution thereof and that the Warrant may not be transferred, sold, assigned or hypothecated except as provided herein. The Holder agrees that the Warrant may only be transferred transferred, subject to the next paragraph, by will or by the laws of descent and distribution or for the benefit of one or more of the following members of the Holder's ’s immediate family: any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law (including, without limitation, to a trust for the benefit of the Holder and/or one or more of the foregoing members of the Holder's ’s immediate family or a corporation, partnership or limited liability company established and controlled by the Holder and/or one or more of the foregoing members of the Holder's ’s immediate family). You further acknowledge that the Warrant may not be transferred, sold, assigned or hypothecated unless pursuant to a registration statement that has become effective under the Securities Act of 1933, as amended (the "“Act"”), setting forth the terms of such offering and other pertinent data with respect thereto, or unless you have provided the Company with an acceptable opinion from acceptable counsel that such registration is not required. Certificates representing the Warrant shall bear an appropriate legend. Notwithstanding the foregoing, any request to transfer the Warrant must be accompanied by the Form of Assignment and Transfer attached hereto as Schedule 2 executed by the Warrant Holder.

Transferability of Warrant. You agree that the Warrant is ---------------------------- being ---------------------------- acquired as an investment and not with a view to distribution thereof and that the Warrant may not be transferred, sold, assigned or hypothecated except as provided herein. The Holder agrees that the Warrant may only be transferred by will or by the laws of descent and distribution or for the benefit of one or more of the following members of the Holder's immediate family: any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law (including, without limitation, to a trust for the benefit of the Holder and/or one or more of the foregoing members of the Holder's immediate family or a corporation, partnership or limited liability company established and controlled by the Holder and/or one or more of the foregoing members of the Holder's immediate family). You further acknowledge that the Warrant may not be transferred, sold, assigned or hypothecated unless pursuant to a registration statement that has become effective under the Securities Act of 1933, as amended (the "Act"), setting forth the terms of such offering and other pertinent data with respect thereto, or unless you have provided the Company with an acceptable opinion from acceptable counsel that such registration is not required. Certificates representing the Warrant shall bear an appropriate legend. Notwithstanding the foregoing, any request to transfer the Warrant must be accompanied by the Form of Assignment and Transfer attached hereto as Schedule 2 executed by the Warrant Holder.