Common use of Future Sales Clause in Contracts

Future Sales. For a period of 12 months following the Effective Date, the Company shall not sell or otherwise dispose of any securities of the Company without your prior written consent, which consent shall not be unreasonably withheld; provided, however, that the Company may at any time issue shares of Common Stock pursuant to the exercise of the Representative's Warrant, and options, warrants or other convertible securities issued and outstanding prior to the Effective Date and described in the Prospectus, and with respect to any acquisition or joint venture by the Company. In addition, for a period of three years following the First Closing Date, the Company shall not sell or otherwise dispose of any shares of Preferred Stock without your prior written consent. Furthermore, for a period of 18 months from the Effective Date, the Company shall not sell or issue any securities pursuant to Regulation S under the Act without your prior written consent.

Future Sales. For a period of 12 months following the Effective Date, the Company shall not sell or otherwise dispose of any securities of the Company without your prior written consent, which consent shall not be unreasonably withheld; provided, however, that the Company may at any time issue shares of Common Stock pursuant to the exercise of the Representative's Warrant, and options, warrants or other convertible securities issued and outstanding prior to the Effective Date and described in the Prospectus, and with respect to any acquisition or joint venture by the Company. In addition, for a period of three years 24 months following the First Closing Date, the Company shall not sell or otherwise dispose of any shares of Preferred Stock without your prior written consent, which consent shall not be unreasonably withheld. Furthermore, for a period of 18 24 months from the Effective Date, the Company shall not sell or issue any securities pursuant to Regulation S under the Act without your prior written consent.