Common use of Restrictions on Sales; Volume Limitations Clause in Contracts

Restrictions on Sales; Volume Limitations. Beginning the sooner of: (i) March 28, 2014 or (ii) immediately upon the effectiveness of a registration statement as declared by the U.S. Securities and Exchange Commission, in which shares of the Stockholder’s Common Stock have been registered, if the share price of the Common Stock (“Share Price”) exceeds thirty cents ($0.30) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0215 multiplied by the total weekly volume, of the Common Stock (“Sellable Shares”). If during the Lock-Up Period the Share Price is less than thirty cents ($0.30) per share, the Stockholder shall not have the right to effect any open market sales of his Common Stock during such times that the Share Price is below thirty cents ($0.30) per share. If during the Lock-Up Period the share price of the Common Stock (‘Share Price”) exceeds sixty-cents ($0.60) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0322 multiplied by the total weekly volume in the Common Stock, during such time that the Share Price is above sixty-cents ($0.60). If during the Lock-Up Period the Share price exceeds ninety-cents ($0.90) per share, the Holder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0430 multiplied by the total weekly volume in the Common Stock, only during that time the Common Stock is trading above ninety-cents ($0.90) per share. If during the Lock-Up Period the Share Price exceeds two dollars ($2.00) per share, there shall be no limitations on the amount of Common Stock that may be sold by the Stockholder, during such time the Share Price is above two dollars ($2.00). The amount of Sellable Shares that may be sold pursuant to this Section 2, shall rounded up or down, to the nearest one hundred (100) shares. Sellable Share amounts equaling less than one hundred (100) shares shall be rounded up to equal one hundred shares. By way of example only, if the Stockholder’s multiplier is equal to 0.00055 when the share price is equal to or below sixty-cents ($0.60), and during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) and one-hundred thousand (100,000) shares, respectively, then the Stockholder shall apply his multiplier (0.00055) to one-hundred thousand (100,000) which generates a product of 55 shares. Because the amount of shares is less than one-hundred (100), the Stockholder will be eligible to sell one-hundred (100) shares during that week. If during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) and two-hundred thousand (200,000) shares, respectively, then the Stockholder shall apply his multiplier (0.00055) to two-hundred thousand (200,000) which generates a product of one-hundred and ten (110) shares. Because the amount of shares is greater than one-hundred (100), the Stockholder will be eligible to sell only that amount which results from the application of the multiplier to the total volume of the Common Stock, which in this example, is equal to one-hundred and ten (110) shares. Sellable Share amounts are not cumulative. If the Stockholder waives his rights at any time during the Lock-Up Period, pursuant to this Section 2 (“Waivable Period”), the calculated Sellable Share amounts for those Waivable Periods, shall not be accrued and added to Sellable Shares amounts, in a future period.

Restrictions on Sales; Volume Limitations. Beginning the sooner of: (i) March 28________ 1, 2014 or (ii) immediately upon the effectiveness of a registration statement as declared by the U.S. Securities and Exchange Commission, in which shares of the Stockholder’s 's Common Stock have been registered, if the share price of the Common Stock (“Share Price”) exceeds thirty cents ($0.30) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0215 ___ multiplied by the total weekly volume, of the Common Stock (“Sellable Shares”). If during the Lock-Up Period the Share Price is less than thirty twenty-five cents ($0.300.25) per share, the Stockholder shall not have the right to effect any open market sales of his Common Stock during such times that the Share Price is below thirty twenty-five cents ($0.300.25) per share. If during the Lock-Up Period the share price of the Common Stock (‘“Share Price”) exceeds sixty-fifty cents ($0.600.50) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0322 ___ multiplied by the total weekly volume in the Common Stock, during such time that the Share Price is above sixty-fifty cents ($0.600.50). If during the Lock-Up Period the Share price exceeds ninety-cents one dollar ($0.901.00) per share, the Holder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0430 ___ multiplied by the total weekly volume in the Common Stock, only during that time the Common Stock is trading above ninety-cents one dollar ($0.901.00) per share. If during the Lock-Up Period the Share Price exceeds two dollars ($2.00) per share, there shall be no limitations on the amount of Common Stock that may be sold by the Stockholder, during such time the Share Price is above two dollars ($2.00). The amount of Sellable Shares that may be sold pursuant to this Section 2, shall rounded up or down, to the nearest one hundred (100) shares. Sellable Share amounts equaling less than one hundred (100) shares shall be rounded up to equal one hundred shares. By way of example only, if the Stockholder’s multiplier is equal to 0.00055 when the share price is equal to or below sixty-cents ($0.60), and during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) and one-hundred thousand (100,000) shares, respectively, then the Stockholder shall apply his multiplier (0.00055) to one-hundred thousand (100,000) which generates a product of 55 shares. Because the amount of shares is less than one-hundred (100), the Stockholder will be eligible to sell one-hundred (100) shares during that week. If during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) and two-hundred thousand (200,000) shares, respectively, then the Stockholder shall apply his multiplier (0.00055) to two-hundred thousand (200,000) which generates a product of one-hundred and ten (110) shares. Because the amount of shares is greater than one-hundred (100), the Stockholder will be eligible to sell only that amount which results from the application of the multiplier to the total volume of the Common Stock, which in this example, is equal to one-hundred and ten (110) shares. Sellable Share amounts are not cumulative. If the Stockholder waives his rights at any time during the Lock-Up Period, pursuant to this Section 2 (“Waivable Period”), the calculated Sellable Share amounts for those Waivable Periods, shall not be accrued and added to Sellable Shares amounts, in a future period.

Restrictions on Sales; Volume Limitations. Beginning the sooner of: (i) March 28, 2014 or (ii) immediately upon the effectiveness of a registration statement as declared by the U.S. Securities and Exchange Commission, in which shares of the Stockholder’s Common Stock have been registered, if the share price of the Common Stock (“Share Price”) exceeds thirty cents ($0.30) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0215 multiplied by the total weekly volume, of the Common Stock (“Sellable Shares”). If during the Lock-Up Period the Share Price is less than thirty cents ($0.30) per share, the Stockholder shall not have the right to effect any open market sales of his Common Stock during such times that the Share Price is below thirty cents ($0.30) per share. If during the Lock-Up Period the share price of the Common Stock (‘Share Price”) exceeds sixty-cents ($0.60) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0322 multiplied by the total weekly volume in the Common Stock, during such time that the Share Price is above sixty-cents ($0.60). If during the Lock-Up Period the Share price exceeds ninety-cents ($0.90) per share, the Holder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0430 multiplied by the total weekly volume in the Common Stock, only during that time the Common Stock is trading above ninety-cents ($0.90) per share. If during the Lock-Up Period the Share Price exceeds two dollars ($2.00) per share, there shall be no limitations on the amount of Common Stock that may be sold by the Stockholder, during such time the Share Price is above two dollars ($2.00). The amount of Sellable Shares that may be sold pursuant to this Section 2, shall rounded up or down, to the nearest one hundred (100) shares. Sellable Share amounts equaling less than one hundred (100) shares shall be rounded up to equal one hundred shares. By way of example only, if the Stockholder’s multiplier is equal to 0.00055 when the share price is equal to or below sixty-cents ($0.60), and during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) and one-hundred thousand (100,000) shares, respectively, then the Stockholder shall apply his multiplier (0.00055) to one-hundred thousand (100,000) which generates a product of 55 shares. Because the amount of shares is less than one-hundred (100), the Stockholder will be eligible to sell one-hundred (100) shares during that week. If during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) and two-hundred thousand (200,000) shares, respectively, then the Stockholder shall apply his multiplier (0.00055) to two-two- hundred thousand (200,000) which generates a product of one-hundred and ten (110) shares. Because the amount of shares is greater than one-hundred (100), the Stockholder will be eligible to sell only that amount which results from the application of the multiplier to the total volume of the Common Stock, which in this example, is equal to one-hundred and ten (110) shares. Sellable Share amounts are not cumulative. If the Stockholder waives his rights at any time during the Lock-Up Period, pursuant to this Section 2 (“Waivable Period”), the calculated Sellable Share amounts for those Waivable Periods, shall not be accrued and added to Sellable Shares amounts, in a future period.

Restrictions on Sales; Volume Limitations. Beginning Notwithstanding any federal or state securities laws or regulations governing insider stock sales which supersede this Agreement, or the sooner of: restrictions in Section 1. of this Agreement, any time after May 2, 2015 and during the twelve (i12) March 28, 2014 or month period following the Lock-Up Period (ii) immediately upon the effectiveness of a registration statement as declared by the U.S. Securities and Exchange Commission, in which shares of the Stockholder’s Common Stock have been registered“Leak-Out Period”), if the share price of the Common Stock (“Share Price”) exceeds thirty is less than fifty-cents ($0.300.50), the Stockholder shall have the right to effect open marketsales of his Common Stock in an aggregate amount equal to 0.02719 multiplied by the total weekly volume, of the Common Stock (“Sellable Shares”). If during the Leak-Out Period, the Share Price is greater than or equal to fifty cents ($0.50) but less than seventy-five cents ($0.75) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0215 multiplied by the total weekly volume, of the Common Stock (“Sellable Shares”). If during the Lock-Up Period the Share Price is less than thirty cents ($0.30) per share, the Stockholder shall not have the right to effect any open market sales of his Common Stock during such times that the Share Price is below thirty cents ($0.30) per share. If during the Lock-Up Period the share price of the Common Stock (‘Share Price”) exceeds sixty-cents ($0.60) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0322 0.03579 multiplied by the total weekly volume in the Common Stock, during such time that the Share Price is above sixtygreater than or equal to fifty cents ($0.50) but less than seventy five-cents ($0.600.75). If during the LockLeak-Up Period Out Period, the Share price exceeds ninetyis greater than or equal to seventy-five cents ($0.900.75) per sharebut is less than one dollar ($1.00), the Holder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0430 0.04438 multiplied by the total weekly volume in the Common Stock, only during that time the Common Stock Share Price is trading above ninetygreater than or equal to seventy five-cents ($0.900.75) per sharebut less than one dollar ($1.00). If during the LockLeak-Up Out Period the Share Price exceeds two dollars is greater than one dollar ($2.00) per share1.00), there shall be no limitations on the amount of Common Stock that may be sold by the Stockholder, during such time the Share Price is above two dollars greater than one dollar ($2.001.00). The amount of Sellable Shares that may be sold pursuant to this Section 2, shall rounded up or down, to the nearest one hundred (100) shares. Sellable Share amounts equaling less than one hundred (100) shares shall be rounded up to equal one hundred shares. By way of example only, if the Stockholder’s multiplier is equal to 0.00055 when the share price is equal to or below sixty-cents ($0.60), and during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) and one-hundred thousand (100,000) shares, respectively, then the Stockholder shall apply his multiplier (0.00055) to one-hundred thousand (100,000) which generates a product of 55 shares. Because the amount of shares is less than one-hundred (100), the Stockholder will be eligible to sell one-hundred (100) shares during that week. If during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) and two-hundred thousand (200,000) shares, respectively, then the Stockholder shall apply his multiplier (0.00055) to two-hundred thousand (200,000) which generates a product of one-hundred and ten (110) shares. Because the amount of shares is greater than one-hundred (100), the Stockholder will be eligible to sell only that amount which results from the application of the multiplier to the total volume of the Common Stock, which in this example, is equal to one-hundred and ten (110) shares. Sellable Share amounts are not cumulative. If the Stockholder waives his rights at any time during the LockLeak-Up Out Period, pursuant to this Section 2 (“Waivable Period”), the calculated Sellable Share amounts for those Waivable Periods, shall not be accrued and added to Sellable Shares amounts, in a future period.

Restrictions on Sales; Volume Limitations. Beginning the sooner of: (i) March 28________ 1, 2014 or (ii) immediately upon the effectiveness of a registration statement as declared by the U.S. Securities and Exchange Commission, in which shares of the Stockholder’s 's Common Stock have been registered, if the share price of the Common Stock (“Share Price”) exceeds thirty cents ($0.30) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0215 ___ multiplied by the total weekly volume, of the Common Stock (“Sellable Shares”). If during the Lock-Up Period the Share Price is less than thirty twenty-five cents ($0.300.25) per share, the Stockholder shall not have the right to effect any open market sales of his Common Stock during such times that the Share Price is below thirty twenty-five cents ($0.300.25) per share. If during the Lock-Up Period the share price of the Common Stock (‘“Share Price”) exceeds sixty-fifty cents ($0.600.50) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0322 ___ multiplied by the total weekly volume in the Common Stock, during such time that the Share Price is above sixty-fifty cents ($0.600.50). If during the Lock-Up Period the Share price exceeds ninety-cents one dollar ($0.901.00) per share, the Holder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0430 ___ multiplied by the total weekly volume in the Common Stock, only during that time the Common Stock is trading above ninety-cents one dollar ($0.901.00) per share. If during the Lock-Up Period the Share Price exceeds two dollars ($2.00) per share, there shall be no limitations on the amount of Common Stock that may be sold by the Stockholder, during such time the Share Price is above two dollars ($2.00). The amount of Sellable Shares that may be sold pursuant to this Section 2, shall rounded up or down, to the nearest one hundred (100) shares. Sellable Share amounts equaling less than one hundred (100) shares shall be rounded up to equal one hundred shares. By way of example only, if the Stockholder’s multiplier is equal to 0.00055 0.02 when the share price is over twenty-five cents ($0.25) and equal to or below sixty-less than fifty cents ($0.600.50), and during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) five hundred and one-hundred eight thousand (100,000508,000) shares, respectively, then the Stockholder shall apply his multiplier (0.000550.02) to one-five hundred and eight thousand (100,000) which generates shares generating a product of 55 10,160 shares. Because the amount of , which would be rounded up to 10,200 shares is less than one-hundred (100), the Stockholder will would be eligible to sell one-hundred (100) shares during that week. If during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) and two-hundred thousand (200,000) shares, respectively, then the Stockholder shall apply his multiplier (0.00055) to two-hundred thousand (200,000) which generates a product of one-hundred and ten (110) shares. Because the amount of shares is greater than one-hundred (100), the Stockholder will be eligible to sell only that amount which results from the application of the multiplier to the total volume of the Common Stock, which in this example, is equal to one-hundred and ten (110) shares. Sellable Share amounts are not cumulative. If the Stockholder waives his rights at any time during the Lock-Up Period, pursuant to this Section 2 (“Waivable Period”), the calculated Sellable Share amounts for those Waivable Periods, shall not be accrued and added to Sellable Shares amounts, in a future periodfollowing week.

Restrictions on Sales; Volume Limitations. Beginning the sooner of: (i) March 28November 1, 2014 or (ii) immediately upon the effectiveness of a registration statement as declared by the U.S. Securities and Exchange Commission, in which shares of the Stockholder’s 's Common Stock have been registered, if the share price of the Common Stock (“Share Price”) exceeds thirty cents ($0.30) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0215 0.02 multiplied by the total weekly volume, of the Common Stock (“Sellable Shares”). If during the Lock-Up Period the Share Price is less than thirty twenty-five cents ($0.300.25) per share, the Stockholder shall not have the right to effect any open market sales of his Common Stock during such times that the Share Price is below thirty twenty-five cents ($0.300.25) per share. Safety Quick Lighting and Fans Corp. Lock up Leak out Agreement 1 of 6 If during the Lock-Up Period the share price of the Common Stock (‘“Share Price”) exceeds sixty-fifty cents ($0.600.50) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0322 0.03 multiplied by the total weekly volume in the Common Stock, during such time that the Share Price is above sixty-fifty cents ($0.600.50). If during the Lock-Up Period the Share price exceeds ninety-cents one dollar ($0.901.00) per share, the Holder shall have the right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0430 0.04 multiplied by the total weekly volume in the Common Stock, only during that time the Common Stock is trading above ninety-cents one dollar ($0.901.00) per share. If during the Lock-Up Period the Share Price exceeds two dollars ($2.00) per share, there shall be no limitations on the amount of Common Stock that may be sold by the Stockholder, during such time the Share Price is above two dollars ($2.00). The amount of Sellable Shares that may be sold pursuant to this Section 2, shall rounded up or down, to the nearest one hundred (100) shares. Sellable Share amounts equaling less than one hundred (100) shares shall be rounded up to equal one hundred shares. By way of example only, if the Stockholder’s multiplier is equal to 0.00055 0.02 when the share price is over twenty-five cents ($0.25) and equal to or below sixty-less than fifty cents ($0.600.50), and during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) five hundred and one-hundred eight thousand (100,000508,000) shares, respectively, then the Stockholder shall apply his multiplier (0.000550.02) to one-five hundred and eight thousand (100,000) which generates shares generating a product of 55 10,160 shares. Because the amount of , which would be rounded up to 10,200 shares is less than one-hundred (100), the Stockholder will would be eligible to sell one-hundred (100) shares during that the following week. If during one week the share price and total volume of the Common Stock is equal to fifty-cents ($0.50) and two-hundred thousand (200,000) shares, respectively, then the Stockholder shall apply his multiplier (0.00055) to two-hundred thousand (200,000) which generates a product of one-hundred and ten (110) shares. Because the amount of shares is greater than one-hundred (100), the Stockholder will be eligible to sell only that amount which results from the application of the multiplier to the total volume of the Common Stock, which in this example, is equal to one-hundred and ten (110) shares. Sellable Share amounts are not cumulative. If the Stockholder waives his rights at any time during the Lock-Up Period, pursuant to this Section 2 (“Waivable Period”), the calculated Sellable Share amounts for those Waivable Periods, Periods shall not be accrued and or added to Sellable Shares amounts, amounts in a future period.