Document ID: 11327

Text:
(a)the Shares have not been and are not being registered under the Securities Act ( other than as contemplated in the Registration Rights Agreement) or any applicable state securities laws and, consequently, the Purchaser may have to bear the risk of owning the Shares for an indefinite period of time because the Shares may not be transferred unless (i) the resale of the Shares is registered pursuant to an effective registration statement under the Securities Act, as contemplated by the Registration Rights Agreement; (ii) the Purchaser has delivered to the Company an opinion of counsel (in form, substance and scope customary for opinions of counsel in comparable transactions) to the effect that the Shares to be sold or transferred may be sold or transferred pursuant to an exemption from such registration; (iii) the Shares are sold or transferred pursuant to Rule 144; or (iv) the Shares are transferred to an Affiliate of the Purchaser and such Affiliate agrees to the same representations, warranties, covenants and other restrictions set forth herein;

Named Entities:
15
16
Act
24
26
Title
158
159
Regulation

Tokenized Text:
(
a
)
the
Shares
have
not
been
and
are
not
being
registered
under
the
Securities
Act
(
other
than
as
contemplated
in
the
Registration
Rights
Agreement
)
or
any
applicable
state
securities
laws
and
,
consequently
,
the
Purchaser
may
have
to
bear
the
risk
of
owning
the
Shares
for
an
indefinite
period
of
time
because
the
Shares
may
not
be
transferred
unless
(
i
)
the
resale
of
the
Shares
is
registered
pursuant
to
an
effective
registration
statement
under
the
Securities
Act
,
as
contemplated
by
the
Registration
Rights
Agreement
;
(
ii
)
the
Purchaser
has
delivered
to
the
Company
an
opinion
of
counsel
(
in
form
,
substance
and
scope
customary
for
opinions
of
counsel
in
comparable
transactions
)
to
the
effect
that
the
Shares
to
be
sold
or
transferred
may
be
sold
or
transferred
pursuant
to
an
exemption
from
such
registration
;
(
iii
)
the
Shares
are
sold
or
transferred
pursuant
to
Rule
144
;
or
(
iv
)
the
Shares
are
transferred
to
an
Affiliate
of
the
Purchaser
and
such
Affiliate
agrees
to
the
same
representations
,
warranties
,
covenants
and
other
restrictions
set
forth
herein
;