Common use of Sales by the Company Clause in Contracts

Sales by the Company. For a period of sixty (60) days following the expiration of the ten (10) day period as described in Section 7.2 above, the Company may sell any New Securities with respect to which a Series A Holder’s preemptive rights under this Section 7 were not exercised, at a price and upon terms not more favorable to the purchasers thereof than specified in the Issuance Notice. In the event the Company has not sold such New Securities within such sixty (60) day period, the Company shall not thereafter issue or sell any New Securities, without first again offering such securities to the Series A Holders in the manner provided in Section 7.1 above.

Sales by the Company. For a period of sixty one hundred and twenty (60120) days following the expiration of the ten thirty (1030) day period as described in Section 7.2 above, the Company may sell any New Securities with respect to which a Series A HolderPreferred Shareholder’s preemptive rights under this Section 7 were not exercised, at a price and upon terms not more favorable to the purchasers thereof than specified in the Issuance Notice. In the event the Company has not sold such New Securities within such sixty one hundred and twenty (60120) day period, the Company shall not thereafter issue or sell any New Securities, without first again offering such securities to the Series A Holders Preferred Shareholder(s) in the manner provided in Section 7.1 above.

Sales by the Company. For a period of sixty (60) days following the expiration of the ten (10) day period as described in Section 7.2 above (the ten (10) day period described in Section 7.3 above, if applicable), the Company may sell any New Securities with respect to which a the Series A Holder’s preemptive Holders’ rights under this Section 7 were not exercised, at a price and upon terms not more favorable to the purchasers thereof than specified in the Issuance Notice. In the event the Company has not sold such New Securities within such sixty (60) day period, the Company shall not thereafter issue or sell any New Securities, without first again offering such securities to the Series A Holders in the manner provided in this Section 7.1 above7.

Sales by the Company. For a period of sixty one hundred twenty (60120) days following the expiration of the ten fifteen (1015) day period as described in Section 7.2 above, the Company may sell any New Securities with respect to which a Series A Holder’s preemptive rights under this Section 7 were not exercised, at a price and upon terms not more favorable to the purchasers thereof than specified in the Issuance Notice. In the event the Company has not sold such New Securities within such sixty one hundred twenty (60120) day period, the Company shall not thereafter issue or sell any New Securities, without first again offering such securities to the Series A Holders in the manner provided in Section 7.1 above.

Sales by the Company. For a period of sixty one hundred and twenty (60120) days following the expiration of the ten fifteen (1015) day period as described in Section 7.2 above, the Company may sell any New Securities with respect to which a Series A Holder’s preemptive rights under this Section 7 were not exercised, at a price and upon terms not more favorable to the purchasers thereof than specified in the Issuance Notice. In the event the Company has not sold such New Securities within such sixty one hundred and twenty (60120) day period, the Company shall not thereafter issue or sell any New Securities, without first again offering such securities to the Series A Holders Holder(s) in the manner provided in Section 7.1 above.