Registered Obligation. Notwithstanding any document, instrument or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Company of this Note to the new holder or the issuance by the Company of a new instrument to the new holder. [Balance of page intentionally left blank; signature page follows]
Appears in 2 contracts
Sources: Senior Secured Note (Proelite, Inc.), Senior Secured Note (Proelite, Inc.)