LIMITATION ON TRANSFER definition
LIMITATION ON TRANSFER. Barth agrees not to transfer his ownership in the Patent Pendin▇ ▇▇ subsequently issued Patent, except to an entity wholly owned by him and controlled by him, or to an entity or individual or individuals approved by Schmitt in writing prior to assignment. No assignment sha▇▇ ▇▇ ▇ade unless and until the assignee agrees in writing to be bound by the terms of this Agreement and if requested by Schmitt, Barth, in a form approved by Schmitt, agrees to indemnify Schmitt for any losses suffered ▇▇ ▇ ▇esult of such third p▇▇▇▇'▇ breach of this agreement. Subject to the foregoing, this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and administrators. Notwithstanding anything to the contrary stated herein, Schmitt expressly consents to the assignment by Barth of this ▇▇▇▇▇▇ent to E AND S HOLDINGS, INC. a Nevada corporati▇▇, ▇nd Barth represents and warrants that he is the controlling shareho▇▇▇▇ of said corporation and that it will be bound by all terms and conditions of this Agreement.
LIMITATION ON TRANSFER. DayStar agrees not to sell, transfer, or otherwise dispose of any Registerable Securities under this Agreement for such period as is determined by the Underwriter and shall enter into a customary lock-up agreement required by the Underwriter in the form required by such Underwriter. DayStar agrees that stop transfer instructions may be given to the Company's transfer agent regarding the foregoing lock-up arrangement.