Common use of Conversion and Exchange Rights Clause in Contracts

Conversion and Exchange Rights. The Certificate of Designations sets forth certain rights of the holders of shares of Series A Preferred Stock to convert such shares of preferred stock into newly issued shares of Common Stock, or to exchange such shares of Series A Preferred Stock into certain shares of Newco Common Stock owned by the Company (the "EIS Exchange Right"), both on the terms and conditions set forth therein.

Conversion and Exchange Rights. The Certificate of Designations ------------------------------ sets forth certain rights of the holders of shares of Series A B Preferred Stock to convert such shares of preferred stock into newly issued shares of Common Stock, or to exchange such shares of Series A B Preferred Stock into for certain shares of Newco Common Preferred Stock owned by the Company (the "EIS Exchange Right"), both ------------------ on the terms and conditions set forth therein.