Common use of Existing Lock-Up Agreements Clause in Contracts

Existing Lock-Up Agreements. The Company will pay all reasonable expenses incurred by the Underwriter in connection with strictly enforcing all agreements between the Underwriter and each director, officer and individual or entity owning any capital stock of the Company and each holder of options, warrants or other securities convertible into capital stock of the Company that prohibit the sale, transfer, assignment, pledge or hypothecation of any of the Company's securities in connection with the Company's initial public offering. In addition, the Company will direct the transfer agent to place stop transfer restrictions upon any such securities of the Company.

Existing Lock-Up Agreements. The Company will pay all reasonable expenses incurred by the Underwriter in connection with strictly enforcing all agreements between the Underwriter and each director, officer and individual or entity owning any capital stock of the Company and each holder of options, warrants or other securities convertible into capital stock of the Company that prohibit the sale, transfer, assignment, pledge or hypothecation of any of the Company's ’s securities in connection with the Company's ’s initial public offering. In addition, the Company will direct the transfer agent to place stop transfer restrictions upon any such securities of the Company.