Insider Shares

Insider Shares. All of the shares of Common Stock owned or held by the Insiders including the 2,416,666 shares of Common Stock, to be transferred to present or future officers, directors and employees of the Company, that the Company reserves as its treasury shares; provided, that such shares shall cease to be Insider Shares when: (a) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act (as defined below) and such securities shall have been... sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (b) such securities shall have been otherwise transferred pursuant to Rule 144 of the Securities Act, and new certificates for them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public distribution of them shall not require registration under the Securities Act; or (c) such securities shall have ceased to be outstanding View More

Insider Shares. The meaning set forth in the Recitals.

Insider Shares. Is defined in the recitals to this Agreement

Insider Shares. All of the outstanding shares of Common Stock of the Company issued prior to the consummation of its initial public offering