Common use of Further Registration Statements Clause in Contracts

Further Registration Statements. Except for a registration ---------------------------------- statement filed on behalf of the Subscribers pursuant to Section 11 of this Agreement the Company will not file any registration statements or amend any already filed registration statement, including but not limited to Form S-8, with the Commission or with state regulatory authorities without the consent of the Subscriber until the sooner of (i) the Registration Statement shall have been current and available for use in connection with the resale of the Registrable Securities (as defined in Section 11.1(i) for a period of 180 days, or (ii) until all the Shares and Warrant Shares have been resold or transferred by the Subscribers pursuant to the Registration Statement or Rule 144, without regard to volume limitations ("Exclusion Period"). The Exclusion Period will be tolled during the pendency of an Event of Default as defined in the Note.

Further Registration Statements. Except for a registration ---------------------------------- statement filed on behalf of the Subscribers pursuant to Section 11 of this Agreement and as set forth on Schedule 11.1 hereto, the Company will not file any registration statements or amend any already filed registration statement, including but not limited to Form Forms S-8, with the Commission or with state regulatory authorities without the consent of the Subscriber until the sooner of (i) the Registration Statement shall have been current and available for use in connection with the resale of the Registrable Securities (as defined in Section 11.1(i) for a period of 180 days, or (ii) until all the Shares and Warrant Shares have been resold or transferred by the Subscribers pursuant to the Registration Statement or Rule 144, without regard to volume limitations ("Exclusion Period"). The Exclusion Period will be tolled during the pendency of an Event of Default as defined in the NoteCertificate of Designation.

Further Registration Statements. Except for a registration ---------------------------------- statement filed on behalf of the Subscribers pursuant to Section 11 10 of this Agreement and as set forth on Schedule 10.1 hereto, the Company will not file any registration statements or amend any already filed registration statement, including but not limited to Form Forms S-8, with the Commission or with state regulatory authorities without the consent of the Subscriber until the sooner of (i) the Registration Statement shall have been current and available for use in connection with the resale of the Registrable Securities (as defined in Section 11.1(i10.1(i) for a period of 180 365 days, or (ii) until all the Shares and Warrant Shares have been resold or transferred by the Subscribers pursuant to the Registration Statement or Rule 144, without regard to volume limitations ("Exclusion Period"). The Exclusion Period will be tolled during the pendency of an Event of Default as defined in the Note.

Further Registration Statements. Except for a registration ---------------------------------- statement filed on behalf of the Subscribers pursuant to Section 11 of this Agreement and as set forth on Schedule 11.1 hereto, the Company will not file any registration statements statements, excluding Form S-8, or amend any already filed registration statement, including but not limited to Form S-8, with the Commission or with state regulatory authorities without the consent of the Subscriber until the sooner of (i) the Registration Statement shall have been current and available for use in connection with the resale of the Registrable Securities (as defined in Section 11.1(i) for a period of 180 365 days, or (ii) until all the Shares and Warrant Shares have been resold or transferred by the Subscribers pursuant to the Registration Statement or Rule 144, without regard to volume limitations ("Exclusion Period"). The Exclusion Period will be tolled during the pendency of an Event of Default as defined in the Note. The Company will not file a Form S-8 during the pendency of an Event of Default and for the registration of more than 1,000,000 shares per month or 6,000,000 shares for six months from the date hereof.

Further Registration Statements. Except for a registration ---------------------------------- statement filed on behalf of the Subscribers pursuant to Section 11 of this Agreement the Company will not file any registration statements or amend any already filed registration statement, including but not limited to Form S-8, but excluding any post-effective amendment(s) required to be made to its Form SB-2 registration statement (SEC File No. 333-112585), with the Commission or with state regulatory authorities without the consent of the Subscriber until the sooner of (i) the Registration Statement shall have been current and available for use in connection with the public resale of the Registrable Securities (as defined in Section 11.1(i) Shares and Warrant Shares for a period of 180 days, days or (ii) until all the Shares and Warrant Shares have been resold or transferred by the Subscribers pursuant to the Registration Statement or Rule 144, without regard to volume limitations ("Exclusion PeriodEXCLUSION PERIOD"). The Exclusion Period will be tolled during the pendency of an Event of Default as defined in the Note.

Further Registration Statements. Except for a registration ---------------------------------- statement filed on behalf of the Subscribers pursuant to Section 11 of this Agreement which may include the Shares described on Schedule 10(i) hereto, the Company will not file any registration statements or amend any already filed registration statement, including but not limited to Form S-8, with the Commission or with state regulatory authorities without the consent of the Subscriber until the sooner of (i) the date that the Registration Statement described in Section 11(d) of this Agreement shall have been current declared effective by the Commission and available for use in connection with the public resale of the Registrable Securities (as defined in Section 11.1(i) Shares for a period of 180 days, days or (ii) until all the Shares and Warrant Shares have been resold sold or transferred by the Subscribers pursuant to the Registration Statement or Rule 144, without regard to volume limitations 144 ("Exclusion Period"). The Exclusion Period will be tolled during the pendency of an Event of Default as defined in the Note.

Further Registration Statements. Except for a registration ---------------------------------- statement filed on behalf of the Subscribers pursuant to Section 11 of this Agreement and Section 11 of the Subscription Agreement included in the First Offering, the Company will not file any registration statements or amend any already filed registration statement, including but not limited to Form S-8, with the Commission or with state regulatory authorities without the consent of the Subscriber until the sooner of (i) the Registration Statement shall have been current and available for use in connection with the resale of the Registrable Securities (as defined in Section 11.1(i) for a period of 180 120 days, or (ii) until all the Shares Shares, Initial Shares, and Warrant Shares have been resold or transferred by the Subscribers pursuant to the Registration Statement or Rule 144, without regard to volume limitations ("Exclusion PeriodEXCLUSION PERIOD"). The Exclusion Period will be tolled during the pendency of an Event of Default as defined in the Note.