Common use of Demand Request Clause in Contracts

Demand Request. Subject to the limitations in contained in this Section 12, at any time during the Exercise Period the following conditions are met: (i) this Warrant has been exercised by the Warrant Holder with respect to at least 331/3% of the Total Number of Shares; and (ii) all of the Common Shares received upon such exercise(s) are not eligible for resale pursuant to Rule 144(k) under the Securities Act, the Warrant Holder may request in writing (a “Demand Request”) that Weatherford prepare and file a “shelf” registration statement (a “Shelf Registration Statement”) on Form S-3 (or other appropriate form) pursuant to Rule 415 under the Securities Act with respect to dispositions of Common Shares for resale from time to time; provided, however, Weatherford shall not be required to file a Shelf Registration Statement that registers less than 331/3% of the Total Number of Shares. A maximum of three (3) Demand Requests are available, in aggregate, under this Warrant.

Demand Request. Subject to the limitations in contained in this Section 12, at any time during the Exercise Period the following conditions are met: (i) this Warrant has been exercised by the Warrant Holder with respect to at least 331/333 1/3% of the Total Number of Shares; and (ii) all of the shares of Common Shares Stock received upon such exercise(s) are not eligible for resale pursuant to Rule 144(k) under the Securities Act, the Warrant Holder may request in writing (a “"Demand Request”") that Weatherford the Company prepare and file a “"shelf” " registration statement (a “"Shelf Registration Statement”") on Form S-3 (or other appropriate form) pursuant to Rule 415 under the Securities Act with respect to dispositions of shares of Common Shares Stock for resale from time to time; provided, however, Weatherford the Company shall not be required to file a Shelf Registration Statement that registers less than 331/333 1/3% of the Total Number of Shares. A maximum of three (3) Demand Requests are available, in aggregate, under this Warrant.