Common use of Additional Agreements of Holders Clause in Contracts

Additional Agreements of Holders. Each Holder agrees not to dispose of Registrable Securities pursuant to any Registration Statement without complying with the prospectus delivery requirements under the Securities Act and the provisions of Section 2(e) above. Each Holder further agrees that it will comply fully with applicable federal and state securities laws in connection with the distribution of any Registrable Securities pursuant to the Registration Statement. Each Holder further acknowledges having been advised by the Company that applicable federal securities laws prohibit Holders from trading in securities of the Company at any time while in possession of material non-public information about the Company. Subject to Section 7 hereof, each Holder which holds more than five percent (5%) of the Company's outstanding capital stock on a fully diluted basis whose Registrable Securities are covered by a Registration Statement filed pursuant to this Agreement agrees that, in the case of an underwritten offering by the Company and if reasonably requested by the underwriter, it will not effect any public or private sale or distribution of any Registrable Securities (except as part of such underwritten offering), including, but not limited to, a sale pursuant to Rule 144, the 7 days before or such period not to exceed 30 days as the underwriting agreement may require (or such lesser period as the managing underwriters may permit) after, the effective date of such registration (except as part of such registration), and the Company hereby also so agrees and agrees to use its commercially reasonable efforts to cause each (i) officer of the Company, (ii) director, and (iii) other holder of five percent (5%) or more of the Company's outstanding capital stock on a fully diluted basis to so agree.