180-day Lock-Up Sample Clauses

180-day Lock-Up. The Underwriters’ Securities have been deemed compensation by the National Association of Securities Dealers, Inc. (“NASD”) and are therefore subject to a 180-day lock-up pursuant to Rule 2710(g)(1) of the NASD Conduct Rules, pursuant to which the Underwriters’ Purchase Option may not be sold, transferred, assigned, pledged or hypothecated for 180 days following the Effective Date, except to the Underwriters participating in the Offering and their bona fide officers or partners.