Common use of Optional Conversion Rights Clause in Contracts

Optional Conversion Rights. Convertible at option of holder at any time into shares of Common Stock, subject to conversion limitations consistent with Section 5(b) of the Certificate of Designations of the Series A Preferred Stock (the “Conversion Limitations”). Initial conversion price will equal the conversion price of the Series A Preferred Stock/Notes (as applicable) that were converted into the Series B Preferred Stock on the date of conversion into Series B Preferred Stock.

Optional Conversion Rights. Convertible at option of holder at any time into shares of Common Stock, subject to conversion limitations consistent with Section 5(b) of the Certificate of Designations of the Series A Preferred Stock (the “Conversion Limitations”). Initial conversion price will equal the conversion price of the Series A Preferred Stock/Notes (as applicable) that were converted into the Series B C Preferred Stock on the date of conversion into Series B C Preferred Stock.