Common use of Additional Private Placement Clause in Contracts

Additional Private Placement. The Company shall use reasonable ---------------------------- efforts to raise within three months of the Closing at least $1 million in gross proceeds from a private placement of the Company's equity securities. In using reasonable efforts, the Company shall take into account the terms of such additional private placement and the potential dilution applicable to the Company shareholders, including the Sellers.

Additional Private Placement. The Company shall use reasonable ---------------------------- efforts to raise within three months of the Closing at least $1 million in gross proceeds from a private placement of the Company's equity securities. In using reasonable efforts, the Company shall take into account the terms of such additional private placement and the potential dilution applicable to the Company shareholders, including the Sellers.