Common use of Existing Lock-Up Agreement Clause in Contracts

Existing Lock-Up Agreement. The Company will use commercially reasonable efforts to enforce all existing agreements (as such agreements may be amended, from time to time, in accordance with their terms and in compliance with Section 3.28 of this Agreement) between the Company and any of its security holders that prohibit the sale, transfer, assignment, pledge or hypothecation of any of the Securities in connection with the Offering. In addition, the Company will direct the Company’s transfer agent to place stop transfer restrictions upon any such Securities of the Company that are bound by such existing “lock-up” agreements for the duration of the periods contemplated in such agreements, as such periods may be amended in accordance with the terms of this Section 3.15.