PUT RESTRICTION Clause Samples

PUT RESTRICTION. The maximum amount that the Company shall be entitled to Put to the Investor per any applicable Put Notice (the “Put Amount”) shall be equal to one hundred and fifty percent (150%) of the average of the daily trading dollar volume (U.S. market only) of the Common Stock for the ten (10) consecutive Trading Days immediately prior to the applicable Put Notice Date so long as such amount does not exceed an accumulative amount per month of $150,000 unless a prior approval of the Investor is obtained by the Company from the Investor. The minimum Put Amount shall be equal to $5,000. During the Open Period, the Company shall not be entitled to submit a Put Notice until after the previous Closing has been completed. Notwithstanding the foregoing, the Company may not deliver a Put Notice on or earlier of the tenth (10th) Trading Day immediately following the preceding Put Notice Date (the “Waiting Period”) unless a written waiver to deliver Put Notice during the Waiting Period is obtained by the Company from the Investor in advance.