Common use of Limitations on Resales Clause in Contracts

Limitations on Resales. The Investor's sales of Conversion Shares in any given calendar week (Monday through Friday) shall not exceed such Investor's proportionate share of fifteen percent (15%) of the total weekly volume for the Common Stock as reported by Bloomberg, LP, for the previous calendar week (which volume calculation shall exclude any sales by the Investor). "Proportionate share" shall mean the percentage found by dividing the Investor's Purchase Price as shown on the signature pages hereto by the total offering of $550,000.

Limitations on Resales. The Investor's sales of Conversion Shares in any given calendar week (Monday through Friday) shall not exceed such Investor's proportionate share of fifteen percent (15%) of the total weekly volume for the Common Stock as reported by Bloomberg, LP, for the previous calendar week (which volume calculation shall exclude any sales by the Investor). "Proportionate share" shall mean the percentage found by dividing the Investor's Purchase Price as shown on the signature pages hereto by the total offering of $550,000400,000.