Document ID: 12657

Text:
5.14 Buyer and Seller agree and acknowledge that the Purchase Price Shares may not be sold or transferred unless (i) such shares are sold pursuant to an effective registration statement under the Securities Act, or (ii) the Buyer or its transfer agent shall have been furnished with an opinion of counsel (which opinion shall be 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 or (iii) such shares are sold or transferred pursuant to Rule 144 under the Securities Act ( or a successor rule) (Rule 144) or (iv) such shares are transferred to an affiliate (as defined in Rule 144) of the Seller who agrees to sell or otherwise transfer the shares only in accordance with this Section 5.14 and who is an Accredited Investor (as defined in the Securities Act). Until such time as the Purchase Price Shares have been registered under the Securities Act or otherwise may be sold pursuant to Rule 144 without any restriction as to the number of securities as of a particular date that can then be immediately sold, each certificate for shares of Common Stock of Buyer that has not been so included in an effective registration statement or that has not been sold pursuant to an effective registration statement or an exemption that permits removal of the legend, shall bear a legend substantially in the following form, as appropriate:

Named Entities:
36
37
Act
113
114
Regulation

Tokenized Text:
5
.
14
Buyer
and
Seller
agree
and
acknowledge
that
the
Purchase
Price
Shares
may
not
be
sold
or
transferred
unless
(
i
)
such
shares
are
sold
pursuant
to
an
effective
registration
statement
under
the
Securities
Act
,
or
(
ii
)
the
Buyer
or
its
transfer
agent
shall
have
been
furnished
with
an
opinion
of
counsel
(
which
opinion
shall
be
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
or
(
iii
)
such
shares
are
sold
or
transferred
pursuant
to
Rule
144
under
the
Securities
Act
(
or
a
successor
rule
)
(
Rule
144
)
or
(
iv
)
such
shares
are
transferred
to
an
affiliate
(
as
defined
in
Rule
144
)
of
the
Seller
who
agrees
to
sell
or
otherwise
transfer
the
shares
only
in
accordance
with
this
Section
5
.
14
and
who
is
an
Accredited
Investor
(
as
defined
in
the
Securities
Act
)
.
Until
such
time
as
the
Purchase
Price
Shares
have
been
registered
under
the
Securities
Act
or
otherwise
may
be
sold
pursuant
to
Rule
144
without
any
restriction
as
to
the
number
of
securities
as
of
a
particular
date
that
can
then
be
immediately
sold
,
each
certificate
for
shares
of
Common
Stock
of
Buyer
that
has
not
been
so
included
in
an
effective
registration
statement
or
that
has
not
been
sold
pursuant
to
an
effective
registration
statement
or
an
exemption
that
permits
removal
of
the
legend
,
shall
bear
a
legend
substantially
in
the
following
form
,
as
appropriate
: