Common use of Rule 701 Clause in Contracts

Rule 701. If the exemption relied upon for exercise of the Shares is Rule 701, the Shares will become freely transferable, subject to limited conditions regarding the method of sale, by nonaffiliates ninety (90) days after the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission (the “SEC”), subject to any lengthier market standoff agreement contained in this Agreement or entered into by Optionee. Affiliates must comply with the provisions (other than the holding period requirements) of Rule 144.

Rule 701. If the exemption relied upon for exercise of the Shares is Rule 701, the Shares will become freely transferable, subject to limited conditions regarding the method of ----------------------- /2/The Company will check applicable box sale, by nonaffiliates ninety (90) days after the first sale of Common Stock common stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission (the “"SEC”"), subject to any lengthier market standoff agreement contained in this Agreement or entered into by Optionee. Affiliates must comply with the provisions (other than the holding period requirements) of Rule 144.

Rule 701. If the exemption relied upon for exercise of the Shares is Rule 701, the Shares will become freely transferabletradeable, subject to limited conditions regarding the method of sale, sale by nonaffiliates ninety (90) non-affiliates 90 days after the first sale of Common Stock common stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission (the “SEC”), subject to any lengthier market standoff agreement contained in this Agreement or entered into by the Optionee. Affiliates must comply with the provisions (other than the holding period requirements) of Rule 144.