Common use of Limitation on Disposition Clause in Contracts

Limitation on Disposition. This Option and the shares of Common Stock underlying this Option have not been registered under the Securities Act of 1933, as amended (the "Act"), or under applicable state securities laws and, therefore, cannot be sold, assigned, or otherwise transferred unless subsequently registered under the Act and under applicable state securities laws or an exemption from such registration is then available. The Optionee hereby agrees that it will not sell, assign or transfer this Option or the shares of Common Stock underlying this Option unless they are registered under the Act and under applicable state securities laws or an exemption from such registration is then available, according to a legal opinion reasonably acceptable to the Company.

Limitation on Disposition. This Option and the shares of Common Stock underlying this Option have not been registered under the Securities Act of 1933, as amended (the "Act"), or under applicable state securities laws and, therefore, cannot be sold, assigned, or otherwise transferred unless subsequently registered under the Act and under applicable state securities laws or an exemption from such registration is then available. The Optionee hereby agrees that it will not sell, assign or transfer this Option or the shares of Common Stock underlying this Option unless they are registered under the Act and under applicable state securities laws or an exemption from such registration is then available, according to a legal opinion reasonably acceptable to the Company.

Limitation on Disposition. This The Option and the underlying shares of Common Stock underlying this Option common stock have not been registered under the Securities Act of 1933, as amended 1933 (the "Act"), ) or under applicable state securities laws and, therefore, cannot be sold, assigned, or otherwise transferred unless they are subsequently registered under the Act and under applicable state securities laws or an exemption from such registration is then available. The Optionee hereby agrees that it will not sell, assign assign, or transfer this the Option or the and underlying shares of Common Stock underlying this Option following exercise unless they are registered under the Act and under applicable state securities laws or an exemption from such registration is then available, according to a legal opinion reasonably acceptable to the Company.

Limitation on Disposition. This Option and the shares of Common Stock underlying this Option have not been registered under the Securities Act of 1933, as amended 1933 (the "Act"), ) or under applicable state securities laws and, therefore, cannot be sold, assigned, or otherwise transferred unless subsequently registered under the Act and under applicable state securities laws or an exemption from such registration is then available. The Optionee hereby agrees that it will not sell, assign assign, or transfer this Option or the shares of Common Stock underlying this Option unless they are registered under the Act and under applicable state securities laws or an exemption from such registration is then available, according to a legal opinion reasonably acceptable to the Company.