Leak Out Provision. During the Lockup Period, the undersigned may sell the Company Securities provided that the undersigned does not sell more than 10% of the average daily volume of the common stock in any given trading day, as reported by the NASDAQ Stock Market.
Leak Out Provision. Beginning 14 days from the date of Closing and subject to compliances with the registration requirements or exemption therefrom of applicable securities laws, Buyer agrees to allow the sale or transfer by the Halters of their 100,000 shares of common stock of the Company, at the cumulative rate of 25,000 shares per month for four months. "Cumulative" means that if any of the 25,000 shares for a month are not sold or transferred, same may be sold the following months or months along with the 25,000 shares for that month or months.
Leak Out Provision. Notwithstanding the restrictions in Section 1 herein, beginning on the six (6) month anniversary of this Letter Agreement and continuing until the expiration of the Lockup Period, the undersigned may sell, on any trading day, Parent Securities in an amount equal to up to 10% of the average daily volume of the Parent’s common stock on the date of such proposed sale.
Leak Out Provision. Notwithstanding the restrictions in Section 1 herein, the undersigned may sell up to 5% of the Parent Securities owed by the undersigned in any given calendar month, beginning with the first full calendar month after the date that is the twelve month anniversary of this Letter Agreement.
Leak Out Provision. Notwithstanding the restrictions above, on or after the six (6) month anniversary of the Initial Lockup Date, the Subscriber may sell up to fifty (50%) percent of each of the Securities comprising the Units subscribed (including Conversion Shares and Warrant Shares).
Leak Out Provision. If, during the Lockup Period, a Registration Statement on Form S-1 covering the resale of the Company Securities held by the undersigned is declared effective by the Securities and Exchange Commission, then the undersigned is permitted to sell (a) 1/12 of such registered Company Securities per month for the remainder of the Lockup Period, or (b) additional shares on any trading day if such additional sales will not exceed 15% of that day’s total trading volume.
Leak Out Provision. The Company and the undersigned agree that during the Lockup Period, the undersigned may conduct a Prohibited Sale of the Company Securities beneficially owned by the undersigned in accordance with the following: beginning on the second month anniversary from the Closing Date and prior to the expiration of the Lockup Period, the undersigned is permitted to sell or transfer a number of the Company Securities no more than 5% of the total trading volume of the Company’s Shares as reported by Bloomberg, L.P. during the one calendar week period immediately preceding the date of such sale by the undersigned.
Leak Out Provision. Notwithstanding the restrictions set forth in Section 1 herein, beginning on the date that is the thirteen (13) month anniversary of the Closing Date and ending on the expiration of the Lockup Period, the undersigned may sell Company Securities in such amount as shall equal up to 3.5% of the average daily volume of the Company’s common stock on any given trading day.
Leak Out Provision. Upon the granting of this Option at the successful conclusion of Phase Three of the related Stock Purchase Agreement, Optionor will own approximately 350,000 shares of Quazon Corp. common stock, in addition to the 2,519,527 shares covered by this Option. Following the granting of this Option, Optionor agrees that he will not sell into the pubic market, more than 10,000 shares of Quazon Corp. common stock per week (from Optionor's remaining 350,000 shares) during the four month time period commencing June 1, 2001 and ending September 30, 2001. Optionor further agrees that in the event Optionor intends to sell more than 1,500 shares in any one day, that Optionor shall give Optionee at least 48 hours' advance notice of the proposed sale. If Phase Three of the Stock Purchase Agreement is not successfully completed, then this option shall not be granted and this leak out provision shall not apply.
Leak Out Provision. Notwithstanidng anything herein to the contrary, the undersigned shall be permitted to sell, commencing on the date hereof, a maximum aggregate of ____ shares of the Company’s common stock (such aggregate number of shares, the “Leakout Shares”). The Leakout Shares that are permitted to be sold by all of the Lockup Holders shall collectively be referred to as the “Aggregate Leakout Shares”). Within three (3) days of the undersigned selling all of his Leakout Shares, the undersigned will complete, execute and return to the Company the Certificate of Sale, attached hereto as Exhibit A (the “Sale Certficiate”). Upon the Company’s receipt of Sale Certificates from all of the Lockup Holders, the restrictions of this Lock-up Agreement shall terminate.
