Common use of No Transfer Clause in Contracts

No Transfer. Purchaser covenants that in no event will it transfer the Note, the Warrant or the Conversion Securities other than (i) in conjunction with an effective registration statement for the Securities under the Securities Act or pursuant to an exemption therefrom, or in compliance with Rule 144 promulgated under the Securities Act, or (ii) to a partner, former partner, limited partner, member, former member, stockholder or other entity affiliated with Purchaser or, in the case of a Purchaser who is an individual, to a spouse, lineal descendant or ancestor, or any trust for any of the foregoing, by transfer by gift, will or intestate succession; provided that in each of the foregoing cases the transferee agrees in writing to be subject to the terms of this Agreement to the same extent as if the transferee were the original Purchaser hereunder.