Common use of Share Restriction Clause in Contracts

Share Restriction. The Company has obtained the agreement of ______________________________________ that, for a period of ninety (90) days from the date hereof, they will not, without your prior written consent, directly or indirectly, sell, offer to sell, grant any option for the sale of, or otherwise dispose of any Common Shares of the Company or securities convertible into shares held by such persons (including, without limitation, Common Shares deemed to be beneficially owned by such person in accordance with the Rules and Regulations promulgated under the 1934 Act), other than in connection with a bona fide pledge for security purposes or a transfer for estate planning purposes.