Common use of Compliance with NASD Rules Clause in Contracts

Compliance with NASD Rules. The Company hereby agrees -------------------------- that it will require that the holders of Reserved Securities execute lock- up agreements that provide that such securities will be restricted as required by the NASD or the NASD rules from sale, transfer, assignment, pledge or hypothecation for a period of three months following the date of this Agreement. The U.S. Underwriters will notify the Company in writing as to which persons will need to be so restricted. At the request of the U.S. Underwriters, the Company will direct the transfer agent to place a stop transfer restrictions upon such securities for such period of time.

Compliance with NASD Rules. The Company hereby agrees -------------------------- that it will require that the holders of Reserved Securities execute lock- up agreements that provide that such securities will be restricted as required by the NASD or the NASD rules from sale, transfer, assignment, pledge or hypothecation for a period of three months following the date of this Agreement. The U.S. Underwriters will notify the Company in writing as to which persons will need to be so restricted. At the request of the U.S. Underwriters, the Company will direct the transfer agent to place a stop transfer restrictions upon such securities for such period of time.

Compliance with NASD Rules. The Company hereby agrees -------------------------- that it will require ensure that the holders of Reserved Securities execute lock- up agreements that provide that such securities will be restricted as required by the NASD National Association of Securities Dealers, Inc. (the “NASD”) or the NASD rules from sale, transfer, assignment, pledge or hypothecation for a period of three months following the date of this Agreement. The U.S. Underwriters will notify the Company in writing as to which persons will need to be so restricted. At the request of the U.S. Underwriters, the Company will direct the transfer agent to place a stop transfer restrictions restriction upon such securities for such period of time.

Compliance with NASD Rules. The Company hereby agrees -------------------------- that it will require ensure that the holders of Reserved Securities execute lock- up agreements that provide that such securities will be restricted as required by the NASD National Association of Securities Dealers, Inc. (the "NASD") or the NASD rules from sale, transfer, assignment, pledge or hypothecation for a period of three months following the date of this Agreement. The U.S. Underwriters will notify the Company in writing as to which persons will need to be so restricted. At the request of the U.S. Underwriters, the Company will direct the transfer agent to place a stop transfer restrictions restriction upon such securities for such period of time.. Should the Company release, or seek to release, from such

Compliance with NASD Rules. The Company hereby agrees -------------------------- that it will require ensure that the holders of Reserved Securities execute lock- up agreements that provide that such securities will be restricted as required by the NASD or the NASD rules from sale, transfer, assignment, pledge or hypothecation for a period of three months following the date of this Agreement. The U.S. Underwriters will notify the Company in writing as to which persons will need to be so restricted. At the request of the U.S. Underwriters, the Company will direct the transfer agent to place a stop transfer restrictions upon such securities for such period of time.transfer

Compliance with NASD Rules. The Company hereby agrees -------------------------- that it will require ensure that the holders of Reserved Securities execute lock- up agreements that provide that such securities will be restricted as required by the NASD National Association of Securities Dealers, Inc. (the "NASD") or the NASD rules from sale, transfer, assignment, pledge or hypothecation for a period of three months following the date of this Agreement. The U.S. Underwriters will notify the Company in writing as to which persons will need to be so restricted. At the request of the U.S. Underwriters, the Company will direct the transfer agent to place a stop transfer restrictions restriction upon such securities for such period of time.