Common use of Unregistered Security Clause in Contracts

Unregistered Security. Each holder of this Warrant acknowledges that this Warrant and the Warrant Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares issued upon its exercise in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares and registration or qualification of this Warrant or such Warrant Shares under any applicable federal or state securities law then in effect or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder of this Warrant acknowledges that this Warrant and the Warrant Shares Stock have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares Stock issued upon its exercise in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares Stock and registration or qualification of this Warrant or such Warrant Shares Stock under any applicable U.S. federal or state securities law then in effect or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares Stock issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder of this Warrant acknowledges that this Warrant and the Warrant Shares Stock of the Company have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares Stock issued upon its exercise in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares Stock and registration or qualification of this Warrant or such Warrant Shares Stock under any applicable U.S. federal or state securities law then in effect effect; or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares Stock issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder of this Warrant acknowledges that this Warrant and the Warrant Shares Stock have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares Stock issued upon its exercise of the Warrant in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares Stock and registration or qualification of this Warrant or such Warrant Shares Stock under any applicable U.S. federal or state securities law then in effect effect, or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares Stock issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder of this Warrant acknowledges --------------------- that this Warrant and the Warrant Shares Stock have not been registered under the Securities Act of 1933, as amended (the “"Securities Act”"), and agrees not to -------------- sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares Stock issued upon its exercise in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares Stock and registration or qualification of this Warrant or such Warrant Shares Stock under any applicable U.S. federal or state securities law then in effect or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares Stock issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder of this Warrant acknowledges that this Warrant and the Warrant Shares Interests have not been registered under the Securities Act of 1933, as amended (the “"Securities Act”"), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares Interests issued upon its exercise in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares Interests and registration or qualification of this Warrant or such Warrant Shares Interests under any applicable U.S. federal or state securities law then in effect or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares Interests issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder of this Warrant acknowledges that this Warrant and the Warrant Shares Stock have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares issued upon its exercise Stock in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares Stock and registration or qualification of this Warrant or such Warrant Shares Stock under any applicable U.S. federal or state securities law then in effect effect, or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares Stock issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder of this Warrant acknowledges that this Warrant and the Warrant Shares Stock have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares Stock issued upon its exercise in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares Stock and registration or qualification of this Warrant or such Warrant Shares Stock under any applicable U.S. federal or state securities law then in effect effect, or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares Stock issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder of this Warrant acknowledges that this Warrant and the Warrant Shares have not been registered under the Securities Act of 1933, as amended (the “"Securities Act”"), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares issued upon its exercise in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares and registration or qualification of this Warrant or such Warrant Shares under any applicable federal or state securities law then in effect or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder of this Warrant acknowledges that this Warrant and the Warrant Shares Stock have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares Stock issued upon its exercise in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares Stock and registration or qualification of this Warrant or such Warrant Shares Stock under any applicable U.S. federal or state securities law then in effect or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares Stock issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder of this Warrant acknowledges --------------------- that this Warrant and the Warrant Shares Stock have not been registered under the Securities Act of 1933, as amended (the “"Securities Act”"), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares issued upon its exercise Stock in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or and such Warrant Shares Stock and registration or qualification of this Warrant or and such Warrant Shares Stock under any applicable U.S. federal or state securities law then in effect or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares Stock issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder Registered Holder of this Warrant acknowledges that this Warrant and the Warrant Shares Stock of the Company have not been registered under the Securities Act of 1933, as amended (the “"Securities Act”"), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares Stock issued upon its exercise in the absence of (i) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares Stock and registration or qualification of this Warrant or such Warrant Shares Stock under any applicable U.S. federal or state securities law then in effect effect, or (ii) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares Stock issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.

Unregistered Security. Each holder Holder of this Warrant acknowledges that this Warrant and the Warrant Shares Stock have not been registered under the Securities Act of 1933, as amended (the “"Securities Act”"), and each Holder agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares Stock issued upon its exercise in the absence of (ia) an effective registration statement under the Securities Act as to this Warrant or such Warrant Shares Stock and registration or qualification of this Warrant or such Warrant Shares Stock under any applicable federal Federal or state securities law then in effect effect, or (iib) an opinion of counsel, satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Shares Stock issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect.