Common use of Disposition of Warrants or Shares Clause in Contracts

Disposition of Warrants or Shares. (a) The holder of this Warrant Certificate and any transferee hereof or of the Shares issuable upon the exercise of the Warrant Certificate, by their acceptance hereof, hereby understand and agree that this Warrant, and the Shares issuable upon the exercise hereof, have not been registered under either the Act or the State Acts and shall not be sold, pledged, hypothecated, donated, or otherwise transferred (whether or not for consideration) except upon the issuance to the Company of a favorable opinion of counsel or submission to the Company of such evidence as may be satisfactory to counsel to the Company, in each such case, to the effect that any such transfer shall not be in violation of the Act and the State Acts. It shall be a condition to the transfer of this Warrant that any transferee thereof deliver to the Company its written agreement to accept and be bound by all of the terms and conditions of this Warrant.

Disposition of Warrants or Shares. (a) The holder Holder of this Warrant Certificate and and/or any transferee hereof or of the Purchased Shares issuable upon the exercise of the Warrant Certificate, by their its acceptance hereofhereof or thereof, hereby understand understands and agree agrees that neither this Warrant, and Warrant nor the Purchased Shares issuable upon the exercise hereof, have not been registered under either the 1933 Act or applicable state securities laws (the "State Acts Acts") and shall not be sold, pledged, hypothecated, donated, donated or otherwise transferred (whether or not for consideration) except upon the issuance to the Company of a favorable opinion of counsel or submission to the Company of such evidence as may be reasonably satisfactory to counsel to the Company, in each such case, to the effect that any such transfer shall not be in violation of the 1933 Act and the State Acts. It shall be a condition to the transfer of this Warrant that any transferee thereof hereof deliver to the Company its written agreement to accept and be bound by all of the representations, terms and conditions of this WarrantWarrant Certificate. This Warrant shall not be assignable except upon the express written consent of the Company.

Disposition of Warrants or Shares. (a) The holder Holder of this Warrant Certificate Agreement and any transferee hereof or of the Shares issuable upon the exercise of the Warrant CertificateAgreement, by their acceptance hereof, hereby understand and agree that this the Warrant, and the Shares issuable upon the exercise hereof, have not been registered under either the Act or the State Acts and shall not be sold, pledged, hypothecated, donated, or otherwise transferred (whether or not for consideration) except upon the issuance to the Company of a favorable an opinion of counsel favorable to the Company or its counsel or submission to the Company of such evidence as may be satisfactory to counsel to the CompanyCompany or its counsel, in each such case, to the effect that any such transfer shall not be in violation of the Act and or the State Acts. It shall be a condition to the transfer of this Warrant that any transferee thereof of this Warrant deliver to the Company its his written agreement to accept and be bound by all of the terms and conditions of this WarrantWarrant Agreement. The Holder acknowledges that the Company has not granted any registration rights hereunder.

Disposition of Warrants or Shares. (a) The holder Holder of this Warrant Certificate and any transferee hereof or of the Shares issuable upon the exercise of the Warrant Certificatethis Warrant, by their acceptance hereofhereof or thereof, hereby understand and agree that this Warrant, and the Shares issuable upon the exercise hereof, have not been registered under either the 1933 Act or the State Acts and shall not be sold, pledged, hypothecated, donated, transferred or otherwise transferred disposed of (whether or not for consideration) except upon the issuance to the Company of a favorable opinion of counsel or submission to the Company of such evidence as may be satisfactory to counsel to the Company, in each such case, to the effect that any such transfer shall not be in violation of the 1933 Act and the State Acts. It shall be a condition to the transfer of this Warrant that any transferee thereof hereof deliver to the Company its written agreement to accept and be bound by all of the terms and conditions of this WarrantWarrant Certificate.