Common use of RIGHTS AND OBLIGATIONS OF THE HOLDER Clause in Contracts

RIGHTS AND OBLIGATIONS OF THE HOLDER. The Holder shall not, by virtue hereof, be entitled to any rights as a stockholder in the Company, either at law or in equity; provided, however, in the event that any certificate representing Option Shares is issued to the Holder upon exercise of some or all of the Option, the Holder shall, for all purposes, be deemed to have become the holder of record of such Option Shares on the date on which full payment of the Exercise Amount was made, irrespective of the date of delivery of the certificate representing such Option Shares. The rights of the Holder are limited to those expressed herein.