Common use of Future Sales of Common Stock Clause in Contracts

Future Sales of Common Stock. Each Purchaser agrees that if the Company engages in an underwritten public offering for the sale by the Company of shares of Common Stock during the one-year period following the Closing Date and thereafter so long as the Purchaser owns more than one percent (1%) of the total number of shares of Common Stock then outstanding, the Purchaser will, if so requested by the managing underwriter for such offering, execute and deliver to such managing underwriter a "lock-up" letter in a form acceptable to such managing underwriter. The obligations of and restrictions on the Purchaser under such "lock-up" letter shall be in effect for a maximum of 180 days as specified by the managing underwriter.

Future Sales of Common Stock. Each Purchaser Seller agrees that if the Company Buyer engages in an underwritten public offering for the sale by the Company Buyer of shares of Common Stock during the one-year period following the Closing Date and thereafter so long as the Purchaser owns Sellers own more than one percent (1%) of the total number of shares of Common Stock then outstanding (for this purpose, calculated as if the Conversion Shares were outstanding), the Purchaser Sellers will, if so requested by the managing underwriter for such offering, execute and deliver to such managing underwriter a "lock-up" letter in a form acceptable to such managing underwriter. The obligations of and restrictions on the Purchaser Sellers under such "lock-up" letter shall be in effect for a maximum of 180 days as specified by the managing underwriter.