Transfer Restricted Shares Clause Samples

Transfer Restricted Shares. The shares of Common Stock issuable upon -------------------------- conversion of the Debentures until the earlier of the following: (i) such shares of Common Stock have been effectively registered under Section 5 of the Securities Act and disposed of in accordance with the Registration Statement covering them or (ii) such shares of Common Stock have been distributed to the public pursuant to Rule 144 (or any similar provisions then in force).