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 shareholders, a sufficient number of its authorized but unissued shares of 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 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 shareholdersstockholders, a sufficient such number of its authorized but unissued shares of Common Stock equal to satisfy one hundred twenty percent (120%) of the rights number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of the holders all of the issued and outstanding 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 Preferred Shares may be converted into Common Stock in accordance with the Certificate of Designation and pursuant the delivery of a conversion notice in the form attached as Exhibit B hereto.

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 shareholdersstockholders, a sufficient number of its authorized but unissued shares of Voting Common Stock to satisfy the rights of conversion of the holders Series A Holders of the Preferred Shares and of MDCM of the Nonvoting Common Shares. Any shares of Voting Common Stock issuable upon conversion of the Preferred Shares or the Nonvoting Common 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 shareholdersstockholders, a sufficient number of its authorized but unissued shares of its Common Stock Stock, par value $.10 per share (the "Common Stock"), to satisfy the rights of conversion of the holders of the Preferred SharesShares as of the date of this Agreement. 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 Prior to the Closing, the Company has shall have authorized and has reserved and covenants to continue to reservereserved, free of preemptive rights and other similar contractual rights of shareholdersstockholders, a sufficient number of its authorized but unissued shares of its Common Stock Stock, par value $0.001 per share (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 shareholdersstockholders, a sufficient number of its authorized but unissued shares of Common Stock to satisfy the rights of conversion of the holders 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 shareholdersstockholders, a sufficient such number of its authorized but unissued shares of Common Stock equal to satisfy one hundred twenty percent (120%) of the rights number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of the holders all of the issued and outstanding 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 Preferred Shares may be converted into Common Stock in accordance with the Certificate of Designation and pursuant the delivery of a conversion notice in the form attached as Exhibit B hereto.

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 shareholdersstockholders, a sufficient number of its authorized but unissued shares of its Common Stock Stock, par value $0.001 per share (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 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 shareholders, a sufficient number of its authorized but unissued shares of Common Stock to satisfy the rights of conversion of the holders of the Preferred Purchased Shares. Any shares of Common Stock issuable upon conversion of the Preferred Purchased Shares (and such shares when issued) are herein referred to as the "Conversion Shares". ." The Preferred Purchased Shares and 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 shareholders, a sufficient number of its authorized but unissued shares of 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 Conversion Shares are sometimes collectively referred to as the "Shares". 2 1.03.