Common use of Future Sales Clause in Contracts

Future Sales. For a period of two years following the First Closing Date, the Company shall not, without Maidstone's prior written consent, issue any shares of Common Stock, Preferred Stock or securities convertible into Common Stock. Notwithstanding the foregoing, the Company may at any time issue shares of Common Stock pursuant to the exercise of the Warrants, the Warrants underlying the Underwriter's Warrants, and options, warrants or conversion rights issued and outstanding on the Effective Date and described in the Prospectus.

Future Sales. For a period of two years following the First Closing Date, the Company shall not, without Maidstone's prior written consent, issue any shares of Common Stock, Preferred Stock or securities convertible into Common Stock. Notwithstanding the foregoing, the Company may at any time issue shares of Common Stock pursuant to the exercise of the Warrants, the Warrants, the Warrants underlying the Underwriter's Warrants, and options, warrants or conversion rights issued and outstanding on the Effective Date and described in the Prospectus.