Common use of The Rights Offering Clause in Contracts

The Rights Offering. (a) The Company proposes to undertake the Rights Offering pursuant to which each holder of Common Stock shall receive one Right for every share of Common Stock held of record by such holder at the close of business on [January ___], 2018 (the “Record Date”). Holders of Rights (each a “Holder”) will be entitled to subscribe for and purchase, at the Subscription Price, one Unit for every Right granted to Holders on the Record Date (the “Basic Subscription Right”); provided that, the Rights may only be exercised for a maximum of $5,000,000 of subscription proceeds.

The Rights Offering. (a) The Company proposes to undertake the Rights Offering pursuant to which each holder of Common Stock shall receive one Right for every share two shares of Common Stock held of record by such holder at the close of business on [January December ___], 2018 2016 (the “Record Date”). Holders of Rights (each a “Holder”) will be entitled to subscribe for and purchase, at the Subscription Price, one Unit for every Right granted to Holders on the Record Date (the “Basic Subscription Right”); provided that, the Rights may only be exercised for a maximum of $5,000,000 15,000,000 of subscription proceeds.

The Rights Offering. (a) The Company proposes to undertake the Rights Offering pursuant to which each holder of Common Stock shall receive one Right two (2) Rights for every whole share of Common Stock held of record by such holder at the close of business on [January ___]February 22, 2018 (the “Record Date”). Holders of Rights (each a “Holder”) will be entitled to subscribe for and purchase, at the Subscription Price, one Unit for every Right granted to Holders on the Record Date (the “Basic Subscription Right”); provided that, the Rights may only be exercised for a maximum of $5,000,000 of subscription proceeds.

The Rights Offering. (a) The Company proposes to undertake the Rights Offering pursuant to which each holder of Common Stock shall receive one Right for every each share of Common Stock held of record by such holder at the close of business on [January ___], 2018 _______ (the “Record Date”). Holders of Rights (each a “Holder”) will be entitled to subscribe for and purchase, at the Subscription Price, one Unit share of Series B Preferred for every Right 66.7 Rights granted to Holders you on the Record Date (the “Basic Subscription Right”); provided that, the Rights may only be exercised for a maximum of $5,000,000 of subscription proceeds.

The Rights Offering. (a) The Company proposes to undertake the Rights Offering pursuant to which each holder of Common Stock and Warrants shall receive one Right ten Rights for every each share of Common Stock held of record by such holder or for which a Warrant is exercisable, as the case may be, at the close of business on [January ___]November 27, 2018 2019 (the “Record Date”). Holders of Rights (each a “Holder”) will be entitled to subscribe for and purchase, at the Subscription Price, one Unit share of Preferred Stock for every Right granted to Holders on the Record Date (the “Basic Subscription Right”); provided that, the Rights may only be exercised for a maximum of $5,000,000 of subscription proceeds.

The Rights Offering. (a) The Company proposes to undertake the Rights Offering pursuant to which each holder of Common Stock and Warrants shall receive one Right for every each share of Common Stock held of record by such holder or for every ten (10) shares that the Warrant is exercisable for, as the case may be, at the close of business on [January ___]November 20, 2018 (the “Record Date”). Holders of Rights (each a “Holder”) will be entitled to subscribe for and purchase, at the Subscription Price, one Unit share of Common Stock for every Right granted to Holders on the Record Date (the “Basic Subscription Right”); provided that, that the Rights may only be exercised for a maximum of $5,000,000 2,700,000 of subscription proceeds.

The Rights Offering. (a) The Company proposes to undertake the Rights Offering pursuant to which each holder of Common Stock shall receive one Stock Right for every each share of Common Stock held of record by such holder at the close of business on [January ___]______, 2018 2016 (the “Record Date”). Holders of Rights (each a “Holder”) will be entitled to subscribe for and purchase, at the Subscription Price, one Unit share of Common Stock for every Stock Right granted to Holders on the Record Date (the “Basic Subscription Right”); provided that, the Rights may only be exercised for a maximum of $5,000,000 100,000,000 of subscription proceeds.