Common use of Dilution Clause in Contracts

Dilution. The Company's executive officers and directors understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business judgment that the issuance of the Securities is in the best interests of the Company.

Dilution. The Company's ’s executive officers and directors have studied and fully understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business judgment judgment, that the such issuance of the Securities is in the best interests of the Company.

Dilution. The Company's executive officers and directors have studied and fully understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings interests of other holders of the Company’s equity or rights to receive equity of the Company's securities. The board of directors of the Company has concluded, in its good faith business judgment judgment, that the such issuance of the Securities is in the best interests of the Company.

Dilution. The Company's ’s executive officers and directors understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has unanimously concluded, in its good faith business judgment that the issuance of the Securities is in the best interests of the Company.

Dilution. The Company's executive officers and directors have -------- studied and fully understand the nature of the Securities Shares being sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings interests of other holders of the Company’s equity or rights to receive equity of the Company's securities. The board of directors of the Company has concluded, in its good faith business judgment that the such issuance of the Securities is in the best interests of the Company.

Dilution. The Company's ’s executive officers and directors have studied and fully understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings interests of other holders of the Company’s equity or rights to receive equity of the Companysecurities. The board of directors of the Company has concluded, in its good faith business judgment judgment, that the such issuance of the Securities is in the best interests of the Company.

Dilution. The Company's executive officers and directors have studied -------- and fully understand the nature of the Securities Shares being sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings interests of other holders of the Company’s equity or rights to receive equity of the Company's securities. The board of directors of the Company has concluded, in its good faith business judgment that the such issuance of the Securities is in the best interests of the Company.

Dilution. The Company's executive officers and directors have studied and fully understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings interests of other holders of the Company’s equity or rights to receive equity of the Company's securities. The board of directors of the Company has concluded, in its good faith business judgment that the such issuance of the Securities is in the best interests of the Company.

Dilution. The Company's ’s executive officers and directors understand the nature of the Securities Units being sold hereby and recognize that the issuance of the Securities Common Stock underlying the Debentures and the Warrants will have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business judgment judgment, that the issuance of the Securities Units is in the best interests of the Company.

Dilution. The Company's executive officers and directors have studied and fully understand the nature of the Securities Shares being sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Companyeffect. The board of directors of the Company has concluded, in its good faith business judgment judgment, that the such issuance of the Securities is in the best interests of the Company.

Dilution. The Company's ’s executive officers and directors understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board Company’s Board of directors of the Company Directors has concluded, in its good faith business judgment that the issuance of the Securities is in the best interests of the Company.

Dilution. The Company's executive officers and directors have studied and fully understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings interests of other holders of the Company’s equity or rights to receive equity of the Company's securities. The board of directors of the Company has concluded, in its good faith business judgment that the such issuance of the Securities is in the best interests of the Company.. (u)

Dilution. The CompanyBorrower's executive officers and directors understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holders of the CompanyBorrower’s equity or rights to receive equity of the CompanyBorrower. The board Board of directors Directors of the Company Borrower has concluded, in its good faith business judgment that the issuance of the Securities is in the best interests of the CompanyBorrower.

Dilution. The Company's executive officers and directors have studied and fully understand the nature of the Securities Shares being sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Companyeffect. The board of directors of the Company has concluded, in its good faith business judgment that the judgment, which such issuance of the Securities is in the best interests of the Company.

Dilution. The Company's executive officers and directors understand the nature of the Securities Shares being sold hereby and recognize that the issuance of the Securities Shares will have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business judgment that the issuance of the Securities Shares is in the best interests of the Company.. (r)

Dilution. The Company's executive officers and directors understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holders of the Company’s 's equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business judgment that the issuance of the Securities is in the best interests of the Company.

Dilution. The Company's ’s executive officers and directors have studied and fully understand the nature of the Securities Stock being sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Companyeffect. The board of directors of the Company has concluded, in its good faith business judgment judgment, that the such issuance of the Securities is in the best interests of the Company. The Company specifically acknowledges that its obligation to issue the Shares upon payment is binding upon the Company and enforceable, except as otherwise described in this Subscription Agreement, regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company.

Dilution. The Company's ’s executive officers and directors understand the nature of the Securities Purchased Shares being sold hereby and recognize that the issuance of the Securities Purchased Shares will have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business judgment that the issuance of the Securities Purchased Shares is in the best interests of the Company.

Dilution. The Company's executive officers and directors have studied and fully understand the nature of the Securities being offered and sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings interests of other holders of the Company’s equity or rights to receive equity of the Company's securities. The board of directors of the Company has concluded, concluded in its good faith business judgment that the such issuance of the Securities is in the best interests of the Company.

Dilution. The Company's ’s executive officers and directors have studied and fully understand the nature of the Securities Units being sold hereby and recognize that the issuance of the Securities will they have a potential dilutive effect on the equity holdings interests of other holders of the Company’s equity or rights to receive equity of the Companysecurities. The board of directors of the Company has concluded, in its good faith business judgment judgment, that the such issuance of the Securities is in the best interests of the Company.

Dilution. The Company's ’s executive officers and directors understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has unanimously concluded, in its good faith business judgment judgment, that the issuance of the Securities is in the best interests of the Company.