Common use of Required Thresholds Clause in Contracts

Required Thresholds. The Company shall not be obligated to prepare, file and cause to become effective pursuant to this Section 2 a Registration Statement on Form S-1 unless the proposed aggregate public offering price of the securities to be included in such Demand Registration is at least $5 million. Nor shall the Company be obligated to prepare, file and cause to become effective such Registration Statement upon a demand made by less than 50% of the Holders of the Registrable Securities then outstanding if such demand is made less than 90 days after the effective date of the Company's most recent registration statement for shares of Common Stock (other than a Registration Statement on Form S-4 or Form S-8 or any successor forms thereto).

Required Thresholds. The Company shall not be obligated to prepare, file and cause to become effective pursuant to this Section 2 a Registration Statement on Form S-1 unless the proposed aggregate public offering price of the securities to be included in such Demand Registration is at least $5 million. Nor shall the Company be obligated to prepare, file and or cause to become effective such Registration Statement upon a demand made by the Holders of less than 50% of the Holders of the Registrable Securities then outstanding if such demand is made less than 90 days six months after the effective date of the Company's most recent registration statement for shares of Common Stock (other than a Registration Statement on Form S-4 or Form S-8 or any successor forms thereto).

Required Thresholds. The Company shall not be obligated to prepare, file and cause to become effective pursuant to this Section 2 a Registration Statement on Form S-1 unless the proposed aggregate public offering price of the securities to be included in such Demand Registration is at least $5 million. Nor shall the Company be obligated to prepare, file and cause to become effective such Registration Statement upon a demand made by less than 50% of the Holders of the Registrable Securities then outstanding if such demand is made less than 90 days after the effective date of the Company's Companys most recent registration statement for shares of Common Stock (other than a Registration Statement on Form S-4 or Form S-8 or any successor forms thereto).