Common use of The Conversion Shares Clause in Contracts

The Conversion Shares. Immediately upon the filing of a Certificate of Amendment to the Company's Certificate of Incorporation with the Delaware Secretary of State increasing its authorized capital stock, the Company shall authorize, reserve and maintain, free of preemptive rights and other similar contractual rights of stockholders, no less than 200% of the aggregate number of shares of Common Stock needed to effect the conversion of the Note at the Fixed Conversion Price (as defined in the Note) and any interest accrued and outstanding thereon and exercise of the Warrant. Any shares of Common Stock issuable upon conversion of the Note and any interest accrued and outstanding thereon and exercise of the Warrant (and such shares when issued) are herein referred to as the "Conversion Shares" and the "Warrant Shares," respectively. The Note, the Conversion Shares and the Warrant Shares are sometimes collectively referred to herein as the "Shares."

The Conversion Shares. Immediately upon the filing of a Certificate of Amendment to the Company's Certificate of Incorporation with the Delaware Secretary of State increasing its authorized capital stock, the Company shall authorize, reserve and maintain, free of preemptive rights and other similar contractual rights of stockholders, no less than 200150% of the aggregate number of shares of Common Stock needed to effect the conversion of the Note at the Fixed Conversion Price (as defined in the Note) and any interest accrued and outstanding thereon and exercise of the Warrant. Any shares of Common Stock issuable upon conversion of the Note and any interest accrued and outstanding thereon and exercise of the Warrant (and such shares when issued) are herein referred to as the "Conversion Shares" and the "Warrant Shares," respectively. The Note, the Conversion Shares and the Warrant Shares are sometimes collectively referred to herein as the "Shares."

The Conversion Shares. Immediately upon the filing of a Certificate of ----------------------- Amendment to the Company's Certificate of Incorporation with the Delaware Secretary of State increasing its authorized capital stock, the Company shall authorize, reserve and maintain, free of preemptive rights and other similar contractual rights of stockholders, no less than 200150% of the aggregate number of shares of Common Stock needed to effect the conversion of the Note at the Fixed Conversion Price (as defined in the Note) and any interest accrued and outstanding thereon and exercise of the Warrant. Any shares of Common Stock issuable upon conversion of the Note and any interest accrued and outstanding thereon and exercise of the Warrant (and such shares when issued) are herein referred to as the "Conversion Shares" and the "Warrant Shares," respectively. The Note, the Conversion Shares and the Warrant Shares are sometimes collectively referred to herein as the "Shares."" -

The Conversion Shares. Immediately upon the filing of a Certificate of Amendment The Company has authorized and has reserved and covenants to the Company's Certificate of Incorporation with the Delaware Secretary of State increasing its authorized capital stock, the Company shall authorize, reserve and maintaincontinue to reserve, free of preemptive rights and other similar contractual rights of stockholders, no less than 200% of the aggregate number of 20,000,000 shares of Common Stock needed to effect the conversion of the Note at and any interest accrued and outstanding thereon and exercise of the Fixed Conversion Price (as defined in Warrant, and upon the Note) increase of the authorized capital stock of the Company, reserve the greater of 20,000,000 shares of Common Stock or 200% of the maximum number of shares issuable upon the conversion of the Note and any interest accrued and outstanding thereon and exercise of the Warrant. Any shares of Common Stock issuable upon conversion of the Note and any interest accrued and outstanding thereon and exercise of the Warrant (and such shares when issued) are herein referred to as the "Conversion Shares" and the "Warrant Shares," respectively. The Note, the Conversion Shares and the Warrant Shares are sometimes collectively referred to herein as the "Shares."