Common use of Reserved Amount Clause in Contracts

Reserved Amount. On the Closing Date, the Corporation shall have reserved 5,967,125 shares (and on and after the date on which the Stockholder Approvals (as defined in the Securities Purchase Agreement) are received that number of shares which is 200% of the number of shares which would be issuable if all Prepaid Warrants issued or issuable pursuant to the Securities Purchase Agreement are exercised in their entirety on the Closing Date) of the authorized but unissued shares of Common Stock for issuance upon the full exercise of all Prepaid Warrants issued or issuable pursuant to the Securities Purchase Agreement (the "RESERVED AMOUNT") and thereafter the number of authorized but unissued shares of Common Stock so reserved shall not be decreased and shall at all times be sufficient to provide for the full exercise of all Prepaid Warrants issued or issuable pursuant to the Securities Purchase Agreement at the then current Exercise Price. The Reserved Amount shall be allocated to the holders of Prepaid Warrants as provided in Article IX.

Reserved Amount. On the First Closing Date, the Corporation shall have reserved 5,967,125 3,300,732 shares (and on and after the date on which the Stockholder Approvals (as defined in the Securities Purchase Agreement) are received that number of shares which is 200% of the number of shares which would be issuable if all Prepaid Warrants issued or issuable pursuant to the Securities Purchase Agreement are exercised in their entirety on the Closing Date) of the authorized but unissued shares of Common Stock for issuance upon the full exercise of all Prepaid Warrants issued or issuable pursuant to the Securities Purchase Agreement (the "RESERVED AMOUNTReserved Amount"). Upon receipt of the Stockholder Approvals contemplated by Section 4(l) of the Securities Purchase Agreement, the Reserved Amount shall be increased to not less than 8,000,000 shares (200% of number of shares which would be issuable if all Prepaid Warrants issued or issuable pursuant to the Securities Purchase Agreement are exercised in their entirety on the First Closing Date based on the lowest Exercise Percentage) of the authorized but unissued shares of Common Stock and thereafter the number of authorized but unissued shares of Common Stock so reserved shall not be decreased and shall at all times be sufficient to provide for the full exercise of all Prepaid Warrants issued or issuable pursuant to the Securities Purchase Agreement at the then current Exercise Price. The Reserved Amount shall be allocated to the holders of Prepaid Warrants as provided in Article IXVIII.