Common use of Deferral and Suspension Clause in Contracts

Deferral and Suspension. If the Company shall furnish to the ----------------------- Investor notice signed by the Chairman and Chief Executive Officer of the Company stating that the Board of Directors of the Company has, by duly authorized resolution, determined in good faith that it would be seriously detrimental to the Company and its shareholders for the Registration Statement to be filed (or remain in effect) and it is therefore essential to defer the filing of such Registration Statement (or temporarily suspend the effectiveness of such Registration Statement or use of the related prospectus) (a "Blackout Notice"), the Company shall have the right to defer such filing (or suspend such effectiveness) immediately for a period of not more than thirty (30) days beyond such the date by which such Registration Statement was otherwise required to be filed (or required to remain in effect). The Investor acknowledges that it would be seriously detrimental to the Company and its shareholders for such Registration Statement to be filed (or remain in effect) and therefore essential to defer such filing (or suspend such effectiveness) and agrees to suspend any disposition of the Registrable Securities pursuant to any such Registration Statement immediately for a period of not more than thirty (30) days upon receipt of such notice. The Company may not utilize any of its rights under this Section 1.1(c) to defer the filing of a Registration Statement (or suspend its effectiveness) more than once in any eighteen (18) month period.

Deferral and Suspension. If Sections 1.1(b), (c) and (d) ----------------------- notwithstanding, if the Company shall furnish to the ----------------------- Investor notice signed by the Chairman and Chief Executive Officer of the Company stating that the Board of Directors of the Company has, by duly authorized resolution, determined in good faith that it would be seriously detrimental to the Company and its shareholders for the Registration Statement to be filed (or remain in effect) and it is therefore essential to defer the filing of such Registration Statement (or temporarily suspend the effectiveness of such Registration Statement or use of the related prospectus) (a "Blackout Notice"), the Company shall have the right to defer such filing (or suspend such effectiveness) immediately for a period of not more than thirty (30) days beyond such the date by which such Registration Statement was otherwise required to be filed (or required to remain in effect). The Investor acknowledges that it would be seriously detrimental to the Company and its shareholders for such Registration Statement to be filed (or remain in effect) and therefore essential to defer such filing (or suspend such effectiveness) and agrees to suspend cease any disposition of the Registrable Securities pursuant to any such Registration Statement immediately for a period of not more than thirty (30) days upon receipt of such notice. The Company may not utilize any of its rights under this Section 1.1(c1.1(f) to defer the filing of a Registration Statement (or suspend its effectiveness) more than once twice in any eighteen twelve (1812) month period. Following such deferral or suspension, the Investor shall be entitled to Blackout Shares as set forth in Section 2.7 of the Equity Line Agreement.

Deferral and Suspension. If Sections 1.1(b), (c) and (d) notwithstanding, if the Company shall furnish to the ----------------------- Investor notice signed by the Chairman and Chief Executive Officer of the Company stating that the Board of Directors of the Company has, by duly authorized resolution, determined in good faith that it would be seriously detrimental to the Company and its shareholders for the Registration Statement to be filed (or remain in effect) and it is therefore essential to defer the filing of such Registration Statement (or temporarily suspend the effectiveness of such Registration Statement or use of the related prospectus) (a "Blackout Notice"), the Company shall have the right to defer such filing (or suspend such effectiveness) immediately for a period of not more than thirty (30) days beyond such the date by which such Registration Statement was otherwise required to be filed (or required to remain in effect). The Investor acknowledges that it would be seriously detrimental to the Company and its shareholders for such Registration Statement to be filed (or remain in effect) and therefore essential to defer such filing (or suspend such effectiveness) and agrees to suspend cease any disposition of the Registrable Securities pursuant to any such Registration Statement immediately for a period of not more than thirty (30) days upon receipt of such notice. The Company may not utilize any of its rights under this Section 1.1(c1.1(f) to defer the filing of a Registration Statement (or suspend its effectiveness) more than once twice in any eighteen twelve (1812) month period. Following such deferral or suspension, the Investor shall be entitled to such additional number of shares of Common Stock as set forth in Section 2.7 of the Investment Agreement.

Deferral and Suspension. If Sections 1.1(b), (c) and (d) ----------------------- notwithstanding, if the Company shall furnish to the ----------------------- Investor notice signed by the Chairman and Chief Executive Officer of the Company stating that the Board of Directors of the Company has, by duly authorized resolution, determined in good faith that it would be seriously detrimental to the Company and its shareholders for the Registration Statement to be filed (or remain in effect) and it is therefore essential to defer the filing of such Registration Statement (or temporarily suspend the effectiveness of such Registration Statement or use of the related prospectus) (a "Blackout Notice"), the Company shall have the right to defer such filing (or suspend such effectiveness) immediately for a period of not more than thirty (30) days beyond such the date by which such Registration Statement was otherwise required to be filed (or required to remain in effect). The Investor acknowledges that it would be seriously detrimental to the Company and its shareholders for such Registration Statement to be filed (or remain in effect) and therefore essential to defer such filing (or suspend such effectiveness) and agrees to suspend cease any disposition of the Registrable Securities pursuant to any such Registration Statement immediately for a period of not more than thirty (30) days upon receipt of such notice. The Company may not utilize any of its rights under this Section 1.1(c1.1(f) to defer the filing of a Registration Statement (or suspend its effectiveness) more than once twice in any eighteen twelve (1812) month period. Following such deferral or suspension, the Investor shall be entitled to Blackout Shares as set forth in Section 2.7 of the Stock Purchase Agreement.