Common use of Leak-Out Clause in Contracts

Leak-Out. The Subscriber hereby agrees that, for a period commencing on the date of this Agreement, and expiring on the date that the Subscriber does not beneficially own any Securities (the “Restricted Period”), Subscriber will not sell, dispose or otherwise transfer, directly or indirectly, (including, without limitation, any sales, short sales, swaps or any derivative transactions that would be equivalent to any sales or short positions) on any Trading Day during the Restricted Period (any such date, a “Date of Determination”), shares of common stock of the Company, in an amount more than 1% of the Monthly Trading Volume of the common stock as reported by Bloomberg, LP for the applicable Date of Determination. The “

Appears in 3 contracts

Samples: Security Agreement, Subscription Agreement (Originclear, Inc.), Subscription Agreement (Originclear, Inc.)

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Leak-Out. The Subscriber hereby agrees that, for a period commencing on the date of this Agreement, and expiring on the date that the Subscriber does not beneficially own any Securities Common Shares (the “Restricted Period”), Subscriber will not sell, dispose or otherwise transfer, directly or indirectly, (including, without limitation, any sales, short sales, swaps or any derivative transactions that would be equivalent to any sales or short positions) on any Trading Day during the Restricted Period (any such date, a “Date of Determination”), shares of common stock of the CompanyCompany (including, without limitation, any Common Shares), in an amount more than 1% of the Monthly Daily Trading Volume of the common stock as reported by Bloomberg, LP for the applicable Date of Determination. The “

Appears in 1 contract

Samples: Subscription Agreement (Originclear, Inc.)

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