Common use of Release of Pledged Property Clause in Contracts

Release of Pledged Property. The Secured Party agrees that, upon effectiveness of a registration statement with the Securities and Exchange Commission registering for distribution in a spin off transaction (a “Spin Off”)of the common stock underlying any of the securities listed on Exhibit B hereto (the “Spin Off Shares”), it will deliver the Spin Off Shares to the Company and will terminate any security interest the Secured Party may have in such Spin Off Shares pursuant to this Agreement or any other agreement between the parties; provided, however, that the Company must receive the prior written consent of the Secured Party to declare any dividend with respect to (and distribute out) any Spin Off Shares that would be in excess of twenty-five percent (25%) of the aggregate number of shares of common stock the Company owns of any such entity being spun off.

Release of Pledged Property. The Secured Party agrees that, upon effectiveness of a registration statement with the Securities and Exchange Commission registering for distribution in a spin off transaction (a “Spin Off”)of Off”) of the common stock underlying any of the securities listed on Exhibit B hereto (the “Spin Off Shares”), it will deliver the Spin Off Shares to the Company and will terminate any security interest the Secured Party may have in such Spin Off Shares pursuant to this Agreement or any other agreement between the parties; provided, however, that the Company must receive the prior written consent of the Secured Party to declare any dividend with respect to (and distribute out) any Spin Off Shares that would be in excess of twenty-five percent (25%) of the aggregate number of shares of common stock the Company owns of any such entity being spun off.