Common use of Restrictions on Transfer of Common Stock Clause in Contracts

Restrictions on Transfer of Common Stock. Notwithstanding the filing and effectiveness of the Registration Statement, the Investor agrees to Transfer the Common Stock (not including the Warrant Shares) only as follows: (a) The Investor may Transfer up to twenty-five percent (25%) of the aggregate number of shares of Common Stock upon the earlier of (i) 180 days after the Closing Date and (ii) the close of the fifth consecutive Trading Day on which the closing sales price of the Common Stock on the Principal Market is at least $2.00 per share. (b) The Investor may Transfer the remaining seventy-five percent (75%) of the aggregate number of shares of Common Stock upon the earlier of (i) one (1) year after the Closing Date and (ii) the close of the fifth consecutive Trading Day on which the closing sales price of the Common Stock on the Principal Market is at least $3.00 per share.

Restrictions on Transfer of Common Stock. Notwithstanding the filing and effectiveness of the Registration Statement, the Investor agrees to Transfer the Common Stock (not including the Warrant Shares) only as follows: (a) The Investor may Transfer up to twenty-five percent (25%) of the aggregate number of shares of Common Stock upon the earlier of (i) 180 days after the Closing Date and (ii) the close of the fifth consecutive Trading Day on which the closing sales sale price of the Common Stock on the Principal Market is at least $2.00 per share. (b) The Investor may Transfer the remaining seventy-five percent (75%) of the aggregate number of shares of Common Stock upon the earlier of (i) one (1) year after the Closing Date and (ii) the close of the fifth consecutive Trading Day on which the closing sales sale price of the Common Stock on the Principal Market is at least $3.00 per share.