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, 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. 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" and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant 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, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time to time be sufficient Stock, to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstandingWarrants. 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" and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant 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, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time to time be sufficient Stock, to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstandingeach Warrant. 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" ----------------- and the "Warrant Shares", respectively. The Preferred Shares, the Conversion -------------- Shares and the Warrant 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, such a sufficient number of authorized but unissued shares of Voting Common Stock as shall from time to time be sufficient to effect satisfy the rights of conversion of all the Series A Holders of the Preferred Shares and exercise of MDCM of the Warrants then outstandingNonvoting Common Shares. Any shares of Voting Common Stock issuable upon conversion of the Preferred Shares and exercise of or the Warrants Nonvoting Common Shares (and such shares when issued) are herein referred to as the "Conversion SharesCONVERSION SHARES." and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant Conversion Shares are sometimes collectively referred to as the "SharesSHARES.".

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, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time to time be sufficient Stock, to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstandingWarrants. 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" ----------------- and the "Warrant Shares", respectively. The Preferred Shares, the Conversion -------------- Shares and the Warrant 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, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time to time be sufficient Stock, to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstandingWarrants. 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" and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant 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, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time to time be sufficient Stock, to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstandingWarrants. 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" and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant 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, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time to time be sufficient Stock, to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstandingWarrants. 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" and the "Warrant Shares", ," respectively. The Preferred Shares, the Conversion Shares and the Warrant 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 stockholdersshareholders, such a sufficient number of its authorized but unissued shares of Common Stock as shall from time to time be sufficient to effect satisfy the rights of conversion of all the holders of the Series C Preferred Shares and exercise of the Warrants then outstandingStock. Any shares of Common Stock issuable upon conversion of the Series C Preferred Shares and exercise of the Warrants Stock (and such shares when issued) are herein referred to as the "Conversion Shares" and ". The shares of Series C Preferred Stock to be issued pursuant to this Agreement (the "Warrant Series C Preferred Shares", respectively. The Preferred Shares, the ) and Conversion Shares and the Warrant Shares are sometimes collectively referred to as the "Shares". 2 1.03.

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, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time to time be sufficient Stock, to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstandingWarrants. 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" and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant Shares are sometimes collectively referred to collectively as the "Shares".