Restrictions on Transferability of Securities Compliance With Securities Act. 9.1 Restrictions on Transferability. None of the Shares, the Conversion Shares, the Warrants or the Warrant Shares shall be transferable, except upon the conditions specified in this Section 9, which conditions are intended to insure compliance with the provisions of the Securities Act or, in the case of Section 9.15 hereof, to assist in an orderly distribution of the Company's securities. Each Purchaser will cause any proposed transferee of Shares, Conversion Shares, Warrants or Warrant Shares held by such Purchaser to agree to take and hold those securities subject to the provisions and upon the conditions specified in this Section 9.
Appears in 1 contract
Sources: Series a Preferred Stock and Warrant Purchase Agreement (Telantis Venture Partners v Inc)
Restrictions on Transferability of Securities Compliance With Securities Act. 9.1 Restrictions on TransferabilityRESTRICTIONS ON TRANSFERABILITY. None of the Shares, the Conversion Shares, the Warrants or the Warrant Shares shall be transferable, except upon the conditions specified in this Section 9, which conditions are intended to insure compliance with the provisions of the Securities Act or, in the case of Section 9.15 hereof, to assist in an orderly distribution of the Company's securities. Each Purchaser will cause any proposed transferee of Shares, Conversion Shares, Warrants or Warrant Shares held by such Purchaser to agree to take and hold those securities subject to the provisions and upon the conditions specified in this Section 9.
Appears in 1 contract
Sources: Series a Preferred Stock and Warrant Purchase Agreement (Visalia Trust)