Common use of Restrictions on Transfer Generally Clause in Contracts

Restrictions on Transfer Generally. Until the earlier of April 30, 1999, or the date upon which the Capital Amendment is filed and becomes effective with the Delaware Secretary of State (the "Exercise Date") that (i) such holders shall not exercise, convert, sell, transfer or otherwise dispose of any Class A Common Stock or Class A Common Stock Equivalents beneficially owned by them (the "Restricted Securities"), and (ii) Seal need not reserve any shares of Class A Common Stock for issuance in connection with such Class A Common Stock Equivalents; and (iii) they will vote their shares of Seal's capital stock in favor of the Capital Amendment. To the extent requested by Oakridge, such later undertaking will be evidenced by an irrevocable proxy in favor of such person as may hereinafter be designated by Oakridge. Notwithstanding the foregoing provisions of this Section 5.7(a), such holders may collectively exercise, sell or transfer Class A Common Stock Equivalents for not more than 100,000 shares in the aggregate prior to the Exercise Date.