Common use of Blackout Clause in Contracts

Blackout. The Company undertakes and covenants that until (i) the sooner of the Registration Statement shall have been current and available for use in connection with the resale of the Registrable Securities (as defined in Section 11.1(i) for a period of 180 days, or (ii) all the Shares and Warrant Shares have been resold or transferred by the Subscribers pursuant to the Registration Statement or Rule 144 without regard to volume limitation (the "Exclusion Period"), the Company will not enter into any acquisition, merger, exchange or sale or other transaction that could have the effect of delaying the effectiveness of any pending registration statement or causing an already effective registration statement to no longer be effective or current for a period twenty (20) or more days.

Blackout. The Company undertakes and covenants that until the sooner of (i) the sooner of the Registration Statement shall have been current and available for use in connection with the resale of the Registrable Securities (as defined in Section 11.1(i11(i)) for a period of 180 120 days, or (ii) until all the Shares Shares, Initial Shares, and Warrant Shares have been resold or transferred by the Subscribers pursuant to the Registration Statement or Rule 144 144, without regard to volume limitation limitations (the "“Exclusion Period"”), the Company will not enter into any acquisition, merger, exchange or sale or other transaction that could would be reasonably expected to have the effect of delaying the effectiveness of any pending registration statement or causing an already effective registration statement to no longer be effective or current for a period twenty (20) consecutive days nor more than forty-five (45) or more daysdays during any 365 day period.

Blackout. The Company undertakes and covenants that until the first to occur of (i) the sooner of the Registration Statement shall have been current and available for use in connection with the unrestricted resale of the Registrable Securities Shares and Warrant Shares for 180 days (as defined in Section 11.1(i) for a period of 180 days“Exclusion Period”), or (ii) until all the Shares and Warrant Shares have been resold or transferred by the Subscribers pursuant to the Registration Statement a registration statement or Rule 144 without regard to volume limitation (the "Exclusion Period")144, the Company will not enter into any acquisition, merger, exchange or sale or other transaction that could have the effect of delaying the effectiveness of any pending registration statement or causing an already effective registration statement to no longer be effective or current for a period twenty fifteen (2015) or more days.