Restrictions on Transferability of Securities Compliance With Securities Act Registration Rights Clause Samples

Restrictions on Transferability of Securities Compliance With Securities Act Registration Rights. 2.1 Restrictions on Transferability. The Preferred and the Conversion Stock shall not be sold, assigned, transferred or pledged except upon the conditions specified in this Section 2, which conditions are intended to ensure compliance with the provisions of the Securities Act. Each Purchaser will cause any proposed purchaser, assignee, transferee, or pledgee of the Preferred or such Common Stock held by a Purchaser to agree to take and hold such securities subject to the provisions and upon the conditions specified in this Section 2.