Common use of Restrictions on Filing Registration Statements Clause in Contracts

Restrictions on Filing Registration Statements. During the eighteen (18) months following the Effective Date, the Company will not, without the prior written consent of the Representatives, register any securities pursuant to the Securities Act, except that such restriction shall not apply to the registration of Common Stock issuable pursuant to the Company's present stock option plan, as described in the Prospectus, on a Form S-8 registration statement.

Restrictions on Filing Registration Statements. During the eighteen (18) months following the Effective Date, the Company will not, without the prior written consent of the RepresentativesUnderwriter, register any securities pursuant to the Securities Act, except that such restriction shall not apply to the registration of Common Stock issuable pursuant to the Company's present stock option plan, as described in the Prospectus, on a Form S-8 registration statement.

Restrictions on Filing Registration Statements. During the eighteen (18) months following the Effective Date, the Company will not, without the prior written consent of the RepresentativesUnderwriter, register any securities pursuant to the Securities Act, except that such restriction shall not apply to the registration of Common Stock issuable pursuant to the Company's present stock option planplans, as described in the Prospectus, on a Form S-8 registration statement.