Common use of Share Restriction Clause in Contracts

Share Restriction. a. Holder hereby agrees that during the Restriction Period, the Holder will not sell or otherwise dispose of the shares of Common Stock specifically set forth in this Agreement and that this Agreement will not apply to any other stock, options, warrants or other rights to purchase shares of Common Stock or any other security of the Company which Holder owns or has a right to acquire. Holder further agrees that the Company is authorized to and the Company agrees to place "stop orders" on its books to prevent any transfer of the specific shares of Common Stock restricted by this Agreement.

Share Restriction. a. Holder hereby agrees that during the Restriction Period, the Holder will not sell or otherwise dispose of the any shares of Common Stock specifically set forth in this Agreement and that this Agreement will not apply to or any other stock, options, warrants or other rights to purchase shares of Common Stock or any other security of the Company which Holder owns or has a right to acquire. Holder further agrees that acquire as of the date hereof and the Initial Closing Date (as defined in the Subscription Agreement), other than in connection with an offer made to all shareholders of the Company is authorized to and or any merger, consolidation or similar transaction involving the Company agrees to place "stop orders" on its books to prevent any transfer of the specific shares of Common Stock restricted by this AgreementCompany, or as otherwise permitted below.

Share Restriction. a. Holder hereby agrees that during the Restriction Period, the Holder will not sell or otherwise dispose of the any shares of Common Stock specifically set forth in this Agreement and that this Agreement will not apply to or any other stock, options, warrants or other rights to purchase shares of Common Stock or any other security of the Company which Holder owns or has a right to acquireacquire as of the date hereof. Holder further agrees that the Company is authorized to and the Company agrees to place "stop orders" on its books to prevent any transfer of the specific shares of Common Stock restricted or other securities of the Company held by Holder in violation of this Agreement. The Company agrees not to allow to occur any transaction inconsistent with this Agreement.