Common use of Limitation on Disposition Clause in Contracts

Limitation on Disposition. Purchaser shall not sell, assign or ------------------------- otherwise transfer any Shares received hereunder until such time as the Shares become registered pursuant to an effective registration statement. Once the Shares received hereunder are registered pursuant to an effective registration statement, Purchaser shall not sell, assign or otherwise transfer more than fifteen percent (15%) per month of such Shares originally recieved hereunder.

Limitation on Disposition. Purchaser shall not sell, assign or ------------------------- otherwise transfer any Shares received hereunder until such time as the Shares become registered pursuant to an effective registration statement. Once the Shares received hereunder are registered pursuant to an effective registration statement, Purchaser shall not sell, assign or otherwise transfer more than fifteen percent (15%) per month of such Shares originally recieved received hereunder.