Common use of Limitations on the Black Out Period Clause in Contracts

Limitations on the Black Out Period. The Company shall not impose any Black Out Period that is longer than 20 days or in a manner that is more restrictive (including, without limitation, as to duration) than the comparable restrictions that the Company may impose on transfers of the Company’s equity securities by its directors and senior executive officers unless such Black Out Period is required pursuant to Applicable Laws. In addition, the Company shall not deliver any Advance Notice during any Black Out Period. If the public announcement of such material, nonpublic information is made during a Black Out Period, the Black Out Period shall terminate immediately after such announcement, and the Company shall as soon as reasonably practicable notify the Investor of the termination of the Black Out Period.

Limitations on the Black Out Period. The Company shall not impose any Black Out Period that is longer than 20 (i) 30 days or if the Promissory Note is outstanding, and (ii) 90 days if no Promissory Note is outstanding, or, in each case, in a manner that is more restrictive (including, without limitation, as to duration) than the comparable restrictions that the Company may impose on transfers of the Company’s equity securities by its directors and senior executive officers unless such Black Out Period is required pursuant to Applicable Lawsofficers. In addition, the Company shall not deliver any Advance Notice during any Black Out Period. If the public announcement of such material, nonpublic information is made during a Black Out Period, the Black Out Period shall terminate immediately after such announcement, and the Company shall as soon as reasonably practicable immediately notify the Investor of the termination of the Black Out Period.

Limitations on the Black Out Period. The Company shall use its reasonable best efforts to terminate any such Black Out Period as soon as possible, and the Company shall not impose any Black Out Period that is longer than 20 60 days or in a manner that is more restrictive (including, without limitation, as to duration) than the comparable restrictions that the Company may impose on transfers of the Company’s equity securities by its directors and senior executive officers unless such Black Out Period is required pursuant to Applicable Lawsofficers. In addition, the Company shall not deliver any Advance Notice during any Black Out Period. If the public announcement of such material, nonpublic information is made during a Black Out Period, the Black Out Period shall terminate immediately not later than one Business Day after such announcement, and the Company shall as soon as reasonably practicable immediately notify the Investor of the termination of the Black Out Period.

Limitations on the Black Out Period. The Company shall not impose any Black Out Period that is longer than 20 (i) 30 days if the Promissory Note is outstanding, (ii) 90 days if no Promissory Note is outstanding, or in each case, or in a manner that is more restrictive (including, without limitation, as to duration) than the comparable restrictions that the Company may impose on transfers of the Company’s equity securities by its directors and senior executive officers unless such Black Out Period is required pursuant to Applicable Lawsofficers. In addition, the Company shall not deliver any Advance Notice during any Black Out Period. If the public announcement of such material, nonpublic information is made during a Black Out Period, the Black Out Period shall terminate immediately after such announcement, and the Company shall as soon as reasonably practicable immediately notify the Investor of the termination of the Black Out Period.