Common use of Reservation of Stock Issuable Upon Conversion Clause in Contracts

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued Common Company Shares, solely for the purpose of effecting the conversion of the Class A Preferred Company Shares and Class B Preferred Company Shares, such number of its Common Company Shares as shall from time to time be sufficient to effect the conversion of all outstanding Second Round Investor Shares.

Reservation of Stock Issuable Upon Conversion. The Company This corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Company SharesStock, solely for the purpose of effecting the conversion of the Class A Preferred Company Shares and Class shares of the Series B Preferred Company SharesStock and Series C Preferred Stock, such number of its shares of Common Company Shares Stock as shall from time to time be sufficient to effect the conversion of all then outstanding Second Round Investor Sharesshares of the Series B Preferred Stock and Series C Preferred Stock.

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Company SharesStock or shares of Common Stock held in treasury, or both, solely for the purpose of effecting the conversion of the Class A Preferred Company Shares and Class B Preferred Company Sharesthis Debenture, such number of its shares of Common Company Shares Stock as shall from time to time be sufficient to effect the conversion of the Debentures and all outstanding Second Round Investor Sharesother securities of the Company convertible or exchangeable into Common Stock.

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Class A Common Company SharesStock, solely for the purpose of effecting the conversion of the all outstanding shares of capital stock which are convertible into shares of Class A Preferred Company Shares and Class B Preferred Company SharesCommon Stock, such number of its shares of Class A Common Company Shares Stock as shall from time to time be sufficient to effect the conversion of all outstanding Second Round Investor Sharesshares of capital stock which are convertible into Class A Common Stock.

Reservation of Stock Issuable Upon Conversion. The Company shall ensure that it has at all times reserve and keep available out of its authorized but unissued Common Company Shares, solely for the purpose shares of effecting the conversion of the Class A Preferred Company Shares and Class B Preferred Company Shares, such capital stock a sufficient number of its shares of stock so that this Note can be converted into Common Company Shares as shall from time Stock, if the Holder elects to time be sufficient to effect the conversion of all outstanding Second Round Investor Sharesdo so.

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Company SharesStock, solely for the purpose of effecting the conversion of the Class A Preferred Company Shares and Class B Preferred Company Shares, Notes hereunder such number of its Common Company Shares as shall from time to time be sufficient to effect the conversion of all outstanding Second Round Investor Sharesthe Notes based upon a Conversion Price of $8.50 per Share, as such amount may be adjusted in accordance with the provisions of Section 5.

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued Common Company SharesStock, solely for the purpose of effecting the conversion of the Class A Series D Preferred Company Shares and Class B Preferred Company Sharesconversion or exercise of the Warrants, such number of shares of its Common Company Shares Stock as shall from time to time be sufficient to effect the conversion of all outstanding Second Round Investor Shares.Series D Preferred Shares and exercise of the Warrants, and if at any time the number of authorized but unissued shares of Common Stock

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued Common Company Shares, solely for the purpose of effecting the conversion of the Class A Preferred Company Shares and Class B Preferred Company Investor Shares, such number of its Common Company Shares as shall from time to time be sufficient to effect the conversion of all outstanding Second Round Investor Shares.

Reservation of Stock Issuable Upon Conversion. The Company Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Company SharesStock, solely for the purpose of effecting the conversion of the Class shares of Series A Preferred Company Shares and Class B Preferred Company SharesPreferred, such number of its shares of Common Company Shares Stock as shall from time to time be sufficient to effect the conversion of all outstanding Second Round Investor Sharesshares of Series A Preferred.

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued Common Company Sharesshares of common stock, solely for the purpose of effecting the conversion of the Class A Preferred Company Shares and Class shares of the Series B Preferred Company SharesStock and for paying the dividend pursuant to Section 2 hereof, such number of its Common Company Shares shares of common stock as shall from time to time be sufficient to effect the conversion of all outstanding Second Round Investor Sharesshares of the Series B Preferred Stock and to pay all accumulated dividends.

Reservation of Stock Issuable Upon Conversion. The Company shall will at all times reserve and keep available out of its authorized but unissued Common Company SharesStock, solely for the purpose purposes of effecting the conversion of the Class A Preferred Stock, one thousand (1,000) shares of Common Stock. The Company Shares and Class B Preferred Company Sharespromptly will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of its Common Company Shares shares as shall from time to time will be sufficient for such purpose, including without limitation engaging its best efforts to effect the conversion of all outstanding Second Round Investor Sharesobtain any requisite stockholder approval.

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Company SharesStock or treasury stock, solely for the purpose of effecting the conversion of the Class A Preferred Company Shares and Class B Preferred Company Sharesthis Note, such number of its shares of Common Company Shares Stock as shall from time to time be sufficient to effect the conversion of all outstanding Second Round Investor Sharesthis Note.

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued Common Company SharesStock, solely for the purpose of effecting the conversion of the Class A Series C Preferred Company Shares and Class B Preferred Company SharesStock, such number of shares of its Common Company Shares Stock and other securities, if any, issuable upon conversion thereof as expressly provided in Section 8 as shall from time to time be sufficient to effect the conversion of all outstanding Second Round Investor SharesSeries C Preferred Stock.

Reservation of Stock Issuable Upon Conversion. The Company Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Company Shares, Stock solely for the purpose of effecting the conversion of the Class A shares of the Preferred Company Shares and Class B Preferred Company Shares, Stock such number of its shares of Common Company Shares Stock as shall from time to time be sufficient to effect the conversion of all outstanding Second Round Investor Shares.shares of the Preferred Stock; and if at any time the number of authorized but unissued shares of

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Company SharesStock or shares of Common Stock held in treasury, or both, solely for the purpose of effecting the conversion of the Class A Preferred Company Shares and Class B Preferred Company Sharesthis Note, such number of its shares of Common Company Shares Stock as shall from time to time be sufficient to effect the conversion of the Notes and all outstanding Second Round Investor Sharesother securities of the Company convertible or exchangeable into Common Stock.

Reservation of Stock Issuable Upon Conversion. The Company Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Company SharesStock, solely for the purpose of effecting the conversion of the Class shares of the Series A Preferred Company Shares and Class B Preferred Company SharesStock, such number of its shares of Common Company Shares Stock as shall from time to time be deemed sufficient to effect the conversion of all outstanding Second Round Investor Sharesshares of the Series A Preferred Stock.