Common use of Compliance with NASD Rules Clause in Contracts

Compliance with NASD Rules. With respect to persons purchasing Reserved Securities, the Underwriters will notify the Company as to which persons, if any, will need to be restricted from selling, transferring, assigning, pledging or hypothecating their Reserved Securities for a period of three months following the date of this Agreement as required by NASD Rule 2790. At the request of the Underwriters, the Company will direct the transfer agent to place a stop transfer restriction upon such securities for such period of time. Should the Company release, or seek to release, from such restrictions any of the Reserved Securities, the Company agrees to reimburse the Underwriters for any reasonable expenses (including, without limitation, legal expenses) they incur in connection with such release.

Compliance with NASD Rules. With respect to persons purchasing Reserved Securities, the Underwriters will notify the Company as to which persons, if any, will need to be restricted from selling, transferring, assigning, pledging or hypothecating their Reserved Securities for a period of three months following the date of this Agreement as required by NASD Rule 2790. At the request of the Underwriters, the Company will direct the transfer agent to place a stop transfer restriction upon such securities for such period of time. Should the Company release, or seek to release, from such restrictions any of the such Reserved Securities, the Company agrees to reimburse the Underwriters for any reasonable expenses (including, without limitation, legal expenses) they incur in connection with such release.

Compliance with NASD Rules. With respect The Company hereby agrees that it will use its best efforts to persons purchasing ensure that the Reserved Securities, the Underwriters Securities will notify the Company as to which persons, if any, will need to be restricted as required by the NASD or the NASD rules from sellingsale, transferringtransfer, assigningassignment, pledging pledge or hypothecating their Reserved Securities hypothecation for a period of three months following the date of this Agreement Agreement. The Underwriters will notify the Company as required by NASD Rule 2790to which persons will need to be so restricted. At the request of the Underwriters, the Company will direct the transfer agent to place a stop transfer restriction upon such securities for such period of time. Should the Company release, or seek to release, from such restrictions any of the Reserved Securities, the Company agrees to reimburse the Underwriters for any reasonable expenses (including, without limitation, legal expenses) they incur in connection with such release.Reserved

Compliance with NASD Rules. With respect to persons purchasing The Company will ensure that the Reserved Securities, the Underwriters Shares will notify the Company as to which persons, if any, will need to be restricted as required by the NASD or the NASD rules from sellingsale, transferringtransfer, assigningassignment, pledging pledge or hypothecating their Reserved Securities hypothecation for a period of three months following the date of this Agreement Agreement. The Underwriters will notify the Company as required by NASD Rule 2790to which persons will need to be so restricted. At the request of the Underwriters, the Company will direct the transfer agent to place a stop transfer restriction upon such securities for such period of time. Should the Company release, or seek to release, from such restrictions any of the Reserved SecuritiesShares, the Company agrees to reimburse the Underwriters for any reasonable expenses (including, without limitation, legal expenses) they incur in connection with such release.