Common use of Limitation on Registration Rights Clause in Contracts

Limitation on Registration Rights. Notwithstanding anything herein to the contrary, Chardan Capital Markets, LLC and its related persons may not, with respect to the Private Warrants purchased by Chardan NexTech Investments 2 LLC, (i) have more than one (1) Demand Registration at the Company’s expense, (ii) exercise a Demand Registration more than five (5) years from the Effective Date, and (iii) exercise a Piggy-Back Registration more than seven (7) years from the Effective Date, as long as Chardan Capital Markets, LLC or any of its related persons are beneficial owners of the Private Warrants held by Chardan NexTech Investments 2 LLC.

Limitation on Registration Rights. Notwithstanding anything herein to the contrary, Chardan Capital Markets, LLC and its related persons may not, with respect to the Private Warrants purchased by Chardan NexTech Investments 2 LLC, (i) have more than one (1) Demand Registration at the Company’s expense, (ii) exercise a Demand Registration more than five (5) years from the Effective Date, and (iii) exercise a Piggy-Back Registration more than seven (7) years from the Effective Date, as long as Chardan Capital Markets, LLC or any of its related persons are beneficial owners of the Private Warrants held by Chardan NexTech Investments 2 LLC.

Limitation on Registration Rights. Notwithstanding anything herein to the contrary, Chardan Capital Markets, LLC and its related persons may not, with respect to the Private Warrants purchased by Chardan NexTech Investments 2 Warrant Holdings LLC, (i) have more than one (1) Demand Registration at the Company’s expense, (ii) exercise a Demand Registration more than five (5) years from the Effective Date, and (iii) exercise a Piggy-Back Registration more than seven (7) years from the Effective Date, as long as Chardan Capital Markets, LLC or any of its related persons are beneficial owners of the Private Warrants held by Chardan NexTech Investments 2 Warrant Holdings 2 LLC.