Common use of Restrictions on Resales Clause in Contracts

Restrictions on Resales. The Investor acknowledges that the Shares subject to the Warrant are “restricted securities” that have not been registered under the Securities Act or any applicable state securities Law. The Investor further acknowledges that, absent an effective registration under the Securities Act, the Shares subject to the Warrant may only be offered, sold or otherwise transferred (i) to the Company, (ii) outside the United States in accordance with Rule 904 of Regulation S under the Securities Act or (iii) pursuant to an exemption from registration under the Securities Act.

Restrictions on Resales. The Investor Holder acknowledges that the Shares subject to the this Warrant are “restricted securities” that have not been registered under the Securities Act or any applicable state securities Law. The Investor Holder further acknowledges that, absent an effective registration under the Securities Act, the Shares subject to the this Warrant may only be offered, sold or otherwise transferred (i) to the Company, (ii) outside the United States in accordance with Rule 904 of Regulation S under the Securities Act or (iii) pursuant to an exemption from registration under the Securities Act.