Sales of Shares of Common Stock. During the Standstill Period each person comprising the Stockholder will only sell shares of Common Stock in open market transactions on the NASDAQ Stock Market or on such principal stock exchange as the Common Stock is then listed for trading or in private transactions so long as any sale in a private transaction is not to any Person or Group who the Stockholder reasonably believes after due inquiry Beneficially Owns or as a result of such transaction would Beneficially Own more than five percent (5%) of the then outstanding Common Shares.
Appears in 2 contracts
Samples: Standstill Agreement, Standstill Agreement (Autobytel Inc)
Sales of Shares of Common Stock. During the Standstill Period each person comprising Period, the Stockholder will only sell shares of Common Stock in open market transactions on the NASDAQ The Nasdaq Stock Market Market, LLC or on such principal stock exchange as the Common Stock is then listed for trading or in private transactions so long as any sale in a private transaction is not to any Person or Group who the Stockholder reasonably believes after due inquiry Beneficially Owns or as a result of such transaction would Beneficially Own more than five percent (5%) of the then outstanding Common SharesVoting Securities.
Appears in 1 contract
Samples: Voting and Standstill Agreement (Mohawk Group Holdings, Inc.)
Sales of Shares of Common Stock. During the Standstill Period Period, other than any sales of Common Shares effected pursuant to the registration rights provisions of the Investor Rights Agreement, each person comprising the Stockholder will only sell shares of Common Stock in open market transactions on the NASDAQ Stock Market or on such principal stock exchange as the Common Stock is then listed for trading or in private transactions so long as any sale in a private transaction is not to any Person or Group who the Stockholder reasonably believes after due inquiry Beneficially Owns or as a result of such transaction would Beneficially Own more than five percent (5%) of the then outstanding Common Shares.
Appears in 1 contract
Samples: Standstill Agreement (Ammo, Inc.)
Sales of Shares of Common Stock. During the Standstill Period each person comprising Period, the Stockholder will only sell shares of Common Stock (a) in open market transactions on the NASDAQ The Nasdaq Stock Market Market, LLC or on such principal stock exchange as the Common Stock is then listed for trading trading; or (b) in private transactions so long as any sale in a private transaction is not to any Person or Group who the Stockholder reasonably believes after due inquiry Beneficially Owns or as a result of such transaction would Beneficially Own more than five percent (5%) of the then outstanding Common SharesVoting Securities.
Appears in 1 contract
Sales of Shares of Common Stock. During the Standstill Period each person comprising Period, the Stockholder will only sell shares of Common Stock in open market transactions on the NASDAQ Stock Market Nasdaq or on such principal stock exchange as the Common Stock is then listed for trading or in private transactions so long as any sale in a private transaction is not to any Person or Group who the Stockholder reasonably believes after due inquiry Beneficially Owns or as a result of such transaction would Beneficially Own more than five percent (5%) of the then outstanding Common SharesVoting Securities.
Appears in 1 contract
Samples: Voting and Standstill Agreement (Mohawk Group Holdings, Inc.)