Common use of Certain Exempt Transactions Clause in Contracts

Certain Exempt Transactions. 2.1 The rights of the Investor under Section 1 hereof shall not apply to any Sale of the Shareholder's Securities which does not involve at least: (1) fifty percent (50%) of the Securities owned by the Shareholder; and (2) more than fifty percent (50%) of the outstanding Securities of the Company, calculated by taking into consideration the number of shares of Common Stock into which any outstanding Preferred Stock may be converted.

Certain Exempt Transactions. 2.1 The rights of the Investor under Section 1 hereof shall not apply to any Sale of the Shareholder's Securities which does not involve at least: (1a) fifty percent (50%) of the Securities owned by the Shareholder; and (2b) more than fifty percent (50%) of the outstanding Securities of the Company, calculated by taking into consideration the number of shares of Common Stock into which any outstanding Preferred Stock may be converted.