Common use of Restrictions on Conversion Clause in Contracts

Restrictions on Conversion. Each Stockholder understands and agrees that, for a period of five years following the date of this Agreement, such Stockholder will not convert any Shares into shares of Common Stock or Series A Preferred Stock without the consent of each of the Lead Stockholders, except in connection with (i) an exercise of such Stockholder's rights under Section 4.1 in connection with a sale of Shares by one of the Lead Stockholders, (ii) a sale of Registrable Securities pursuant to Section 5.1 or (iii) the Permitted Beacon Voting Trust Transfer or a subsequent conversion of shares of Series A Preferred Stock received thereunder (other than by a Beacon Affiliate).

Restrictions on Conversion. Each Stockholder understands and -------------------------- agrees that, for a period of five years following the date of this Agreement, such Stockholder Stock holder will not convert any Shares into shares of Common Stock or Series A Preferred Stock without the consent of each of the Lead Stockholders, except in connection with (i) an exercise of such Stockholder's rights under Section 4.1 in connection with a sale of Shares by one of the Lead Stockholders, (ii) a sale of Registrable Securities pursuant to Section 5.1 or (iii) the Permitted Beacon Voting Trust Transfer or a subsequent conversion of shares of Series A Preferred Stock received thereunder (other than by a Beacon Affiliate).

Restrictions on Conversion. Each Stockholder understands and agrees that, for a period of five years following the date of this Agreement, such Stockholder Stock holder will not convert any Shares into shares of Common Stock or Series A Preferred Stock without the consent of each of the Lead Stockholders, except in connection with (i) an exercise of such Stockholder's rights under Section 4.1 in connection with a sale of Shares by one of the Lead Stockholders, (ii) a sale of Registrable Securities pursuant to Section 5.1 or (iii) the Permitted Beacon Voting Trust Transfer or a subsequent conversion conver sion of shares of Series A Preferred Stock received thereunder (other than by a Beacon Affiliate).

Restrictions on Conversion. Each Stockholder understands -------------------------- and agrees that, for a period of five years following the date of this Agreement, such Stockholder Stock holder will not convert any Shares into shares of Common Stock or Series A Preferred Stock without the consent of each of the Lead Stockholders, except in connection with (i) an exercise of such Stockholder's rights under Section 4.1 in connection with a sale of Shares by one of the Lead Stockholders, (ii) a sale of Registrable Securities pursuant to Section 5.1 or (iii) the Permitted Beacon Voting Trust Transfer or a subsequent conversion conver sion of shares of Series A Preferred Stock received thereunder (other than by a Beacon Affiliate).