Common use of Legend and Stop Transfer Order Clause in Contracts

Legend and Stop Transfer Order. To assist in effectuating the provisions of this Agreement, each Venture Partner hereby consents (i) to the placement within 10 business days after any Voting Securities of the other Venture Partner become subject to the provisions of this Agreement, of the following legend on all certificates representing ownership of Voting Securities owned of record or beneficially by the specified Venture Partner, until such shares are sold, transferred or disposed in a manner permitted hereby: The securities represented by this certificate are subject to restrictions on voting and transfer as set forth in a Standstill Agreement and a Warrant Agreement by and between the Company and the holder of such securities, and may not be sold, transferred, pledged, hypothecated or otherwise disposed of except in accordance therewith. Copies of said Standstill Agreement and Warrant Agreement are on file at the office of the Corporate Secretary of the Company. and (ii) to the entry of stop transfer orders with the transfer agent or agents of Company Voting Securities against the transfer by such Venture Partner of Voting Securities of the other Venture Partner except in compliance with the requirements of this Agreement. Each Venture Partner agrees to remove promptly all legends and stop transfer orders with respect to the transfer of Voting Securities made in compliance with the provisions of this Agreement.