Common use of Restrictions on Sale Clause in Contracts

Restrictions on Sale. The shares of Merger Stock will not have been registered under the Securities Act or the blue sky laws of any state by reason of their contemplated issuance in a transaction exempt from the registration and prospectus delivery requirements of the Securities Act and of such state laws. Such shares may not be sold, transferred, or otherwise disposed of without registration under the Securities Act and such state laws or an exemption therefrom, or in contravention of the restrictions contained in the Investment Letter attached hereto as Exhibit 4.

Restrictions on Sale. The shares of Merger Stock will not have been registered under the Securities Act or the blue sky laws of any state by reason of their contemplated issuance in a transaction exempt from the registration and prospectus delivery requirements of the Securities Act and of such state laws. Such shares may not be sold, transferred, or otherwise disposed of without registration under the Securities Act and such state laws or an exemption therefrom, or in contravention of the restrictions contained in the Investment Letter attached hereto as Exhibit 4...