Common use of Holding Requirements Clause in Contracts

Holding Requirements. Such Purchaser understands that if -------------------- the Company does not (i) register its Common Stock with the SEC pursuant to Section 12 of the Exchange Act, (ii) become subject to Section 15(d) of the Exchange Act, (iii) supply information pursuant to Rule 15c2-1 1 thereunder, or (iv) have a registration statement covering the Shares (or a filing pursuant to the exemption from registration under Regulation A of the Securities Act covering the Shares) under the Securities Act in effect when such Purchaser desires to sell the Shares, such Purchaser may be required to hold the Shares for an indeterminate period. Such Purchaser also understands that any sale of the Shares that might be made by such Purchaser in reliance upon Rule 144 under the Securities Act may be made only in limited amounts in accordance with the terms and conditions of that rule.

Holding Requirements. Such Each Purchaser understands that if -------------------- the Company does not (i) register its Common Stock with the SEC pursuant to Section 12 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), (ii) become subject to Section 15(d) of the Exchange Act, (iii) supply information pursuant to Rule 15c2-1 1 thereunder, 11 thereunder or (iv) have a registration statement covering the Shares Securities (or a filing pursuant to the exemption from registration under Regulation A of the Securities Act covering the SharesSecurities) under the Securities Act in effect when such Purchaser it desires to sell the SharesSecurities, such Purchaser may be required to hold the Shares Securities for an indeterminate period. Such Each Purchaser also understands that any sale of the Shares Securities that might be made by such Purchaser in reliance upon Rule 144 under the Securities Act may be made only in limited amounts in accordance with the terms and conditions of that rule.

Holding Requirements. Such Purchaser understands that if -------------------- the Company does not (i) register its Common Stock with the SEC pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), (ii) become subject to Section 15(d) of the Exchange Act, (iii) supply information pursuant to Rule 15c2-1 1 thereunder, 11 thereunder or (iv) have a registration statement covering the Conversion Shares (or a filing pursuant to the exemption from registration under Regulation A of the Securities Act covering the Conversion Shares) under the Securities Act in effect when such Purchaser it desires to sell the Conversion Shares, such Purchaser may be required to hold the Conversion Shares for an indeterminate period. Such Purchaser also understands that any sale of the Conversion Shares that might be made by such Purchaser in reliance upon Rule 144 under the Securities Act may be made only in limited amounts in accordance with the terms and conditions of that rule.

Holding Requirements. Such Each Purchaser understands that if -------------------- the Company does not (i) register its Common Stock with the SEC pursuant to Section 12 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), (ii) become subject to Section 15(d) of the Exchange Act, (iii) supply information pursuant to Rule 15c2-1 1 thereunder, 11 thereunder or (iv) have a registration statement covering the Shares Securities (or a filing pursuant to the exemption from registration under Regulation A of the Securities Act covering the SharesSecurities) under the Securities Act in effect when such Purchaser it desires to sell the SharesSecurities, such Purchaser may be required to hold the Shares Securities for an indeterminate period. Such Each Purchaser also understands that any sale of the Shares Securities that might be made by such Purchaser in reliance upon Rule 144 under the Securities Act may be made only in limited amounts in accordance with the terms and conditions of that rule.