Common use of Termination of Certain Rights Clause in Contracts

Termination of Certain Rights. The Company's obligations under Section 2.1 and 2.2 herein will terminate upon the closing of the Company's initial public offering of Common Stock pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "SECURITIES ACT") with a sales price per share of Common Stock (as adjusted for combinations, stock dividends, subdivisions or split-ups) of at least $9.75 and aggregate gross proceeds to the Company of at least $20,000,000 (the "COMPANY'S INITIAL PUBLIC REGISTRATION").

Termination of Certain Rights. The Company's obligations under ----------------------------- this Section 2.1 and 2.2 herein 2 will terminate upon the closing of the Company's initial public offering of Common Stock pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "SECURITIES ACTSecurities Act") with a sales price per share of Common Stock (as adjusted for combinations, stock dividends, subdivisions or split-ups) of at least $9.75 18.645 and aggregate gross proceeds to the Company of at least $20,000,000 15,000,000 (the "COMPANY'S INITIAL PUBLIC REGISTRATIONCompany's Initial Public Registration").

Termination of Certain Rights. The Company's obligations under ----------------------------- Section 2.1 and 2.2 herein will terminate upon the closing of the Company's initial public offering of Common Stock pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "SECURITIES ACTSecurities Act") with a sales price per share of Common Stock (as adjusted for combinations, stock dividends, subdivisions or split-ups) of at least $9.75 2.625 and aggregate gross proceeds to the Company of at least $20,000,000 5,000,000 (the "COMPANY'S INITIAL PUBLIC REGISTRATIONCompany's Initial Public Registration").