Volume Limitations. Each Holder (together with its Affiliates) shall be prohibited from lending, offering, pledging, selling, contracting to sell, or otherwise transferring or disposing of, directly or indirectly, any shares of Common Stock issued upon conversion of the Series A Preferred Stock as follows: (a) on and prior to the first anniversary of the applicable Conversion Date, each Holder (together with its Affiliates) may only sell up to 255,000 shares of Common Stock issued upon conversion of the Series A Preferred Stock in any ninety (90) consecutive day period; and (b) after the first anniversary of the Conversion Date, each Holder may freely transfer shares of Common Stock.
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Volume Limitations. Each Holder (together with its Affiliates) shall be prohibited from lending, offering, pledging, selling, contracting to sell, or otherwise transferring or disposing of, directly or indirectly, any shares of Common Stock issued upon conversion of the Series A Preferred Stock as follows:
(a) on and prior to the first anniversary of the applicable Conversion Date, each Holder (together with its Affiliates) may only sell up to 255,000 51,000 shares of Common Stock issued upon conversion of the Series A Preferred Stock in any ninety (90) consecutive day period; and
(b) after the first anniversary of the Conversion Date, each Holder may freely transfer shares of Common Stock.
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