RESTRICTION; SUBSEQUENT REGISTRATION; LOCK-UP Sample Clauses

RESTRICTION; SUBSEQUENT REGISTRATION; LOCK-UP. Buyer agrees that the Stock issued by Seller will be restricted as to transferability under the Securities Act of 1933, as amended (the "Securities Act"). Seller agrees to register the Stock by filing an appropriate registration statement (the "Registration Statement") with the U.S. Securities and Exchange Commission (the "SEC") within sixty (60) days from the date of purchase of all 25,000,000 shares of Stock. In connection with the registration of the Stock, Buyer hereby agrees not to sell such Stock for a period of sixty (60) days from the date the Registration Statement is declared effective by the SEC (the "Lock-Up").