Common use of Additional Private Placements Clause in Contracts

Additional Private Placements. Concurrently with the investment contemplated herein, the Company has agreed to sell shares of Common Stock and a newly-issued series of non-voting mandatorily convertible non-cumulative preferred stock, series B, $2.00 par value per share, of the Company (the “Series B Preferred Stock” and, together with the Common Stock, the “Securities”) in private placements (the “Other Private Placements”) to other investors (the “Other Investors”) under separate securities purchase agreements (the “Other Securities Purchase Agreements”), with the closing of such transactions to occur simultaneously with the closing of this transaction.

Additional Private Placements. Concurrently with the investment contemplated herein, the Company has agreed to sell Common Shares, Series B Preferred Shares and/or warrants to purchase up to an aggregate of 850,000 shares of Non-Voting Common Stock and a newly-issued series of non-voting mandatorily convertible non-cumulative preferred stock, series B, $2.00 par value per share, of the Company (the “Series B Preferred Stock” and, together with the Common Stock, the “SecuritiesOther Warrants”) in private placements (the “Other Private Placements”) to other investors (the “Other Investors”) under separate securities purchase agreements (the “Other Securities Purchase Agreements”), with the closing of such transactions to occur simultaneously with the closing of this transaction.

Additional Private Placements. Concurrently with the investment contemplated herein, the The Company has agreed intends to sell 38,629,310 shares of Common Stock and a newly-issued series 104,304 shares of non-voting mandatorily convertible non-cumulative preferred stock, series B, $2.00 par value per share, of the Company (the “Series B A Preferred Stock” and, together with the Common Stock, the “Securities”) Stock in private placements (the “Other Private Placements”) to other investors (the “Other Investors”) under separate securities purchase agreements (the “Other Securities Purchase Agreements”), with the closing of such transactions to occur simultaneously with the closing of this transactionthe transactions as described herein.