Common use of Restrictions on Transfer of Securities Clause in Contracts

Restrictions on Transfer of Securities. I understand that (i) there may be no market for the Promissory Notes, (ii) the purchase of the Promissory Notes is a long- term investment, (iii) the transferability of the Promissory Notes is restricted, (iv) the Promissory Notes may be sold by me only pursuant to registration under the Securities Act and State Laws, or an opinion of counsel that such registration is not required, and (v) the Company does not have any obligation to register the Promissory Notes.

Restrictions on Transfer of Securities. I understand that (i) there may be no market for the Convertible Promissory NotesNotess, (ii) the purchase of the Convertible Promissory Notes Notess is a long- long-term investment, (iii) the transferability of the Convertible Promissory Notes Notess is restricted, (iv) the Promissory Notes may be sold by me only pursuant to registration under the Securities Act and State Laws, or an opinion of counsel that such registration is not required, and (v) the Company does not have any obligation to register the Promissory Notes.,