Common use of The Conversion Shares Clause in Contracts

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a sufficient number of its authorized but unissued shares of its Class A Common Stock, no par value (the "Class A Common Stock") and the Company's Class B Common Stock, no par value (the "Class B Common Stock" and together with the Class A Common Stock, the "Common Stock"), to satisfy the rights of conversion of the holders of the Preferred Shares. Any shares of Common Stock issuable upon conversion of the Preferred Shares (and such shares when issued) are herein referred to as the "Conversion Shares." The Preferred Shares and the Conversion Shares are sometimes collectively referred to as the "Shares."

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, solely for the purpose of issuance upon the conversion of the Preferred Shares, a sufficient number of its authorized but unissued shares of its Class A Common Stock, no par value $.001 per share (the "Class A Common Stock") and the Company's Class B Common Stock, no par value (the "Class B Common Stock" and together with the Class A Common Stock, the "Common Stock"), to satisfy effect the rights of conversion of the holders of the Preferred Shares. Any shares of Common Stock issuable upon conversion of the Preferred Shares (and such shares when issued) are herein referred to as the "Conversion Shares." The Preferred Shares and the Conversion Shares are sometimes collectively referred to as the "Shares."

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a such number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstanding; provided that the number of shares of Common Stock so reserved shall at no time be less than 120% of its authorized but unissued shares of its Class A Common Stock, no par value (to effect the "Class A Common Stock") and the Company's Class B Common Stock, no par value (the "Class B Common Stock" and together with the Class A Common Stock, the "Common Stock"), to satisfy the rights of conversion of the holders Preferred Shares and exercise of the Preferred SharesWarrants. Any shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "Conversion Shares." The Preferred Shares and the Conversion Shares are sometimes collectively referred to as the "Shares."the

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a such number of shares of Company common stock, par value $.001 per share (the “Common Stock”) as shall from time to time be sufficient to effect the conversion of all of the Preferred Shares then outstanding; provided that the number of shares of Common Stock so reserved shall at no time be less than 100% of its authorized but unissued shares of its Class A Common Stock, no par value (to effect the "Class A Common Stock") and the Company's Class B Common Stock, no par value (the "Class B Common Stock" and together with the Class A Common Stock, the "Common Stock"), to satisfy the rights of conversion of the holders of the Preferred Shares. Any shares of Common Stock issuable upon conversion of the Preferred Shares (and such shares when issued) are herein referred to as the "“Conversion Shares." ”. The Preferred Shares and the Conversion Shares are sometimes collectively referred to as the "“Shares”."