Common use of Restrictions on Transfer of Registrable Securities Clause in Contracts

Restrictions on Transfer of Registrable Securities. The Holder agrees that he will not sell or transfer any of the Registrable Securities for a period of thirteen (13) months from the effective date (the "Effective Date") of the registration statement pursuant to which its Registrable Securities have been registered in an offering without the prior written consent of the Placement Agent or the managing underwriter of an initial public offering of the Company's securities.

Restrictions on Transfer of Registrable Securities. The Holder agrees that he will not sell or transfer any of the Registrable Securities for a period of thirteen (13) months two years from the effective date (the "Effective Date") Date of the any registration statement pursuant to in which its such Registrable Securities have been registered in an offering are included without the prior written consent of the Placement Agent or the managing underwriter of an initial public offering of the Company's securities.▇▇▇▇▇▇ ▇▇▇▇ Securities Group, Inc.