Common use of Sale Restrictions Clause in Contracts

Sale Restrictions. Following conversion of the Shares into Common Stock of the Company, Investor will not on any trading day offer or sell publicly on NASDAQ or on the principal exchange on which the Common Stock is traded, or on any other securities market or securities exchange, on a net basis, more than the following number of such shares of Common Stock: the greater of (i) 10% of the average daily trading volume of the Common Stock for the five trading days immediately preceding such sale as reported by NASDAQ or by such principal exchange, (ii) 4,000 shares, or (iii) 10% of the trading volume of the Common Stock on the day of such sale, as reported by NASDAQ or by such principal exchange.

Sale Restrictions. Following conversion of the Shares into Common Stock of the Company, Investor will not on any trading day offer or sell publicly on NASDAQ or on the principal exchange on which the Common Stock is traded, or on any other securities market or securities exchange, on a net basis, basis more than the following number of such shares of Common StockStock issued upon conversion of Shares or exercise of Warrants: the greater greatest of (i) 10% of the average daily trading volume of the Common Stock for the five trading days immediately preceding such sale as reported by NASDAQ or by such principal exchange, (ii) 4,000 shares50,000 shares (adjusted for stock splits or distributions occurring on or after the date of this Agreement), or and (iii) 10% of the trading volume of for the Common Stock on the day of such sale, as reported by NASDAQ or by such principal exchange.

Sale Restrictions. Following conversion of the Shares into ----------------- Common Stock of the Company, Investor will not on any trading day offer or sell publicly on NASDAQ or on the principal exchange on which the Common Stock is traded, or on any other securities market or securities exchange, on a net basis, more than the following number of such shares of Common Stock: the greater greatest of (i) 10% of the average daily trading volume of the Common Stock for the five trading days immediately preceding such sale as reported by NASDAQ or by such principal exchange, (ii) 4,000 20,000 shares, or and (iii) 10% of the trading volume of for the Common Stock on the day of such sale, as reported by NASDAQ or by such principal exchangeday.

Sale Restrictions. Following conversion of the Shares ----------------- into Common Stock of the Company, Investor will not on any trading day offer or sell publicly on NASDAQ or on the principal exchange on which the Common Stock is traded, or on any other securities market or securities exchange, on a net basis, basis more than the following number of such shares of Common Stock: the greater greatest of (i) 1020% of the average daily trading volume of for the Common Stock for the five consecutive trading days immediately preceding such sale date as reported by NASDAQ or by such principal exchange, (ii) 4,000 20,000 shares, or and (iii) 10% of the trading volume of for the Common Stock on the day of such sale, as reported by NASDAQ or by such principal exchangeday.

Sale Restrictions. Following conversion of the Shares ----------------- into Common Stock of the Company, Investor will not on any trading day offer or sell publicly on NASDAQ or on the principal exchange on which the Common Stock is traded, or on any other securities market or securities exchange, on a net basis, basis more than the following number of such shares of Common Stock: the greater greatest of (i) 10% of the average daily trading volume of the Common Stock for the five trading days immediately preceding such sale as reported by NASDAQ or by such principal exchange, (ii) 4,000 25,000 shares, or and (iii) 10% of the trading volume of for the Common Stock on the day of such sale, as reported by NASDAQ or by such principal exchangeday.

Sale Restrictions. Following conversion of the Shares into Common Stock of the Company, Investor will not on any trading day offer or sell publicly on NASDAQ or on the principal exchange on which the Common Stock is traded, or on any other securities market or securities exchange, on a net basis, more than the following number of such shares of Common Stock: the greater of (i) 10% of the average daily trading volume of the Common Stock for the five trading days immediately preceding such sale as reported by NASDAQ or by such principal exchange, (ii) 4,000 60,000 shares, or (iii) 10% of the trading volume of for the Common Stock on the day of such saleday, as reported by NASDAQ or by such principal exchange.

Sale Restrictions. Following conversion of the Shares into Common Stock of the Company, Investor will not on any trading day offer or sell publicly on NASDAQ or on the principal exchange on which the Common Stock is traded, or on any other securities market or securities exchange, on a net basis, more than the following number of such shares of Common Stock: the greater of (i) 10% of the average daily trading volume of the Common Stock for the five trading days immediately preceding such sale as reported by NASDAQ or by such principal exchange, (ii) 4,000 20,000 shares, or (iii) 10% of the trading volume of the Common Stock on the day of such sale, as reported by NASDAQ or by such principal exchange.