Document ID: 12917

Text:
(l) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. The Company may not assign its rights (except by merger or in connection with another entity acquiring all or substantially all of the Companys assets) or obligations hereunder without the prior written consent of all the Holders of the then outstanding Registrable Securities. The rights to have the Company register Registrable Securities pursuant to this Agreement shall be automatically assigned by Registration Rights Purchaser to any transferee of the Shares only if: (a) the transferee or assignee (i)acquires Shares of the Registration Rights Purchasers Registrable Securities with an original value as of the Closing Date of $2,000,000; (b)the Registration Rights Purchaser agrees in writing with the transferee or assignee to assign such rights, and a copy of such agreement is furnished to the Company within a reasonable period of time after such assignment; (c)the Company is, within a reasonable time after such transfer or assignment, furnished with written notice of (i)the name and address of such transferee or assignee and (ii)the securities with respect to which such registration rights are being transferred or assigned; (d)immediately following such transfer or assignment the further disposition of such securities by the transferee or assignee is restricted under the Securities Act and applicable state securities laws; and (e)at or before the time the Company received the written notice contemplated by clause (c)of this sentence the transferee or assignee agrees in writing with the Company to be bound by all of the provisions contained herein with respect to a Holder or Registration Rights Purchaser. In the event of any delay in filing or effectiveness of the Registration Statement as a result of such assignment by a Registration Rights Purchaser or its transferee, the Company shall not be liable for any damages arising from such delay.

Named Entities:
187
192
Principal
312
313
Act
386
387
Title

Tokenized Text:
(
l
)
Successors
and
Assigns
.
This
Agreement
shall
inure
to
the
benefit
of
and
be
binding
upon
the
successors
and
permitted
assigns
of
each
of
the
parties
.
Nothing
in
this
Agreement
,
express
or
implied
,
is
intended
to
confer
upon
any
party
other
than
the
parties
hereto
or
their
respective
successors
and
assigns
any
rights
,
remedies
,
obligations
,
or
liabilities
under
or
by
reason
of
this
Agreement
,
except
as
expressly
provided
in
this
Agreement
.
The
Company
may
not
assign
its
rights
(
except
by
merger
or
in
connection
with
another
entity
acquiring
all
or
substantially
all
of
the
Companys
assets
)
or
obligations
hereunder
without
the
prior
written
consent
of
all
the
Holders
of
the
then
outstanding
Registrable
Securities
.
The
rights
to
have
the
Company
register
Registrable
Securities
pursuant
to
this
Agreement
shall
be
automatically
assigned
by
Registration
Rights
Purchaser
to
any
transferee
of
the
Shares
only
if
:
(
a
)
the
transferee
or
assignee
(
i
)
acquires
Shares
of
the
Registration
Rights
Purchasers
Registrable
Securities
with
an
original
value
as
of
the
Closing
Date
of
$
2
,
000
,
000
;
(
b
)
the
Registration
Rights
Purchaser
agrees
in
writing
with
the
transferee
or
assignee
to
assign
such
rights
,
and
a
copy
of
such
agreement
is
furnished
to
the
Company
within
a
reasonable
period
of
time
after
such
assignment
;
(
c
)
the
Company
is
,
within
a
reasonable
time
after
such
transfer
or
assignment
,
furnished
with
written
notice
of
(
i
)
the
name
and
address
of
such
transferee
or
assignee
and
(
ii
)
the
securities
with
respect
to
which
such
registration
rights
are
being
transferred
or
assigned
;
(
d
)
immediately
following
such
transfer
or
assignment
the
further
disposition
of
such
securities
by
the
transferee
or
assignee
is
restricted
under
the
Securities
Act
and
applicable
state
securities
laws
;
and
(
e
)
at
or
before
the
time
the
Company
received
the
written
notice
contemplated
by
clause
(
c
)
of
this
sentence
the
transferee
or
assignee
agrees
in
writing
with
the
Company
to
be
bound
by
all
of
the
provisions
contained
herein
with
respect
to
a
Holder
or
Registration
Rights
Purchaser
.
In
the
event
of
any
delay
in
filing
or
effectiveness
of
the
Registration
Statement
as
a
result
of
such
assignment
by
a
Registration
Rights
Purchaser
or
its
transferee
,
the
Company
shall
not
be
liable
for
any
damages
arising
from
such
delay
.