Common use of Other Offerings Clause in Contracts

Other Offerings. The Company shall not, within sixty days --------------- from the date hereof, sell or enter into a contract to sell any shares of Common Stock, or any options, warrants, rights or securities entitling the holder thereof to acquire any shares of Common Stock, at a price that is not substantially equivalent to or greater than the fair market value of such Common Stock, options, warrants, rights or securities at the time of the sale, except for sales of not more than 5,000 shares of the Company's Convertible Preferred Stock, Series 1.

Other Offerings. The Company shall not, within sixty days from --------------- from the date hereof, sell or enter into a contract to sell any shares of Common Stock, or any options, warrants, rights or securities entitling the holder thereof to acquire any shares of Common Stock, at a price that is not substantially equivalent to or greater than the fair market value of such Common Stock, options, warrants, rights or securities at the time of the sale, except for sales of not more than 5,000 shares of the Company's Convertible Preferred Stock, Series 1.