Common use of Restricted Security Clause in Contracts

Restricted Security. Holder understands that the Note and the Shares are a "restricted security" under the federal securities laws inasmuch as it is being acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations such Note and/or the Shares may be resold without registration under the Securities Act of 1933, as amended (the "Act"), only in certain limited circumstances. In this connection, Holder represents that Holder, or H▇▇▇▇▇'s counsel, is fam▇▇▇▇▇ with ▇▇▇▇▇▇ties and Exchange Commission Rule 144, as presently in effect, and understand the resale limitations imposed thereby and by the Act.

Restricted Security. Holder understands that the Note and the Shares are a "restricted security" under the federal securities laws inasmuch as it is being acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations such Note and/or the Shares may be resold without registration under the Securities Act of 1933, as amended (the "Act"), only in certain limited circumstances. In this connection, Holder represents that Holder, or H▇▇▇▇▇▇'s counsel, is famfa▇▇▇▇▇▇ with ▇▇▇▇▇▇ties ities and Exchange Commission Rule 144, as presently in effect, and understand the resale limitations imposed thereby and by the Act.

Restricted Security. Holder understands that the Note and the Shares are is a "restricted security" under the federal securities laws inasmuch as it is being acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations such Note and/or the Shares may be resold without registration under the Securities Act of 1933, as amended (the "Act"), only in certain limited circumstances. In this connection, Holder ▇▇▇▇▇▇ represents that Holder▇▇▇▇▇▇, or H▇▇▇▇▇▇'s counsel, is fam▇▇▇▇▇ familiar with ▇▇▇▇▇▇ties Securities and Exchange Commission Rule 144, as presently in effect, and understand understands the resale limitations imposed thereby and by the Act.