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 number of shares of Common Stock equal to at least one hundred twenty percent (120%) of the 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, in each case, without regard for any limitations on conversion or exercise. 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, a no less than 150% of the aggregate number of shares of Common Stock equal to at least one hundred twenty percent (120%) of the number of shares of Common Stock as shall from time to time be sufficient needed to effect the conversion of all of the Preferred Shares Notes and any interest accrued and outstanding thereon and exercise of the Warrants then outstanding, in each case, without regard for any limitations on conversion or exerciseWarrants. Any shares of Common Stock issuable upon conversion of the Preferred Shares Notes and any interest accrued and outstanding thereon 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 SharesNotes, the Conversion Shares and the Warrant Shares are sometimes collectively referred to herein 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 number of shares of Common Stock equal to at least one hundred twenty percent (120%) of the 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 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 Common Stock, to effect the conversion of the Warrants then outstanding, in each case, without regard for any limitations on conversion or exercisePreferred Shares. 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 Conversion Shares are sometimes collectively referred to as the “"Shares”".