Common use of Limitations on Resale Clause in Contracts

Limitations on Resale. Purchaser understands that the Securities must be held indefinitely unless they are registered under the Securities Act or an exemption from such registration is available. Purchaser acknowledges that it is familiar with Rule 144, as amended, of the rules and regulations of the Commission promulgated pursuant to the Securities Act (“Rule 144”), and that it has been advised that Rule 144 permits resales only under certain limited circumstances. The Purchaser understands that to the extent that Rule 144 is not available, Purchaser will be unable to sell any Securities without either registration under the Securities Act or the availability of another exemption from such registration requirement.

Limitations on Resale. Purchaser understands and acknowledges that the Securities Shares must be held indefinitely unless they are registered under the Securities Act or an exemption from such registration is available. Purchaser acknowledges that it is familiar with Rule 144, as amended, 144 of the rules and regulations of the Commission promulgated pursuant to the Securities Act (“Rule 144”), and that it has been advised understands that Rule 144 permits resales only under certain limited circumstances. The Purchaser circumstances and understands that and acknowledges that, to the extent that Rule 144 is not availableavailable for resales of the Shares, Purchaser will be unable to sell any Securities Shares without either registration under the Securities Act or the availability of another exemption from such registration requirement.