Common use of At the Option of the Holder Clause in Contracts

At the Option of the Holder. All or any portion of this Note shall be convertible into shares of Common Stock (subject to the limitations set forth in Section 6(b)), at the option of the Holder, at any time and from time to time from and after the Original Issue Date. The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note to be converted, plus the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion Date. The Holder shall effect conversions under this Section 6(a) by delivering to the Company a Conversion Notice together with a schedule in the form of Schedule 2 attached hereto (the "Conversion Schedule"). If the Holder is converting less than all of the principal amount of this Note, or if a conversion hereunder may not be effected in full due to the application of Section 6(b), the Company shall honor such conversion to the extent permissible hereunder and shall promptly deliver to the Holder a Conversion Schedule indicating the principal amount (and accrued interest) which has not been converted. In the event of a partial conversion of this Note pursuant to the terms hereof, the principal amount converted shall be deducted from the Monthly Installments relating to the Principal Payment Dates as set forth in the Conversion Notice.

At the Option of the Holder. All or any portion of the principal amount of this Note then outstanding shall be convertible into shares of Common Stock at the Conversion Price (subject to the limitations set forth in Section 6(b5(c)), at the option of the Holder, at any time and from time to time from and after the Original Issue Date. The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note to be converted, plus the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion Date. The Holder shall effect conversions under this Section 6(a) 5(a), by delivering to the Company a Conversion Notice together with a schedule in the form of Schedule 2 SCHEDULE I attached hereto (the "Conversion ScheduleCONVERSION SCHEDULE"). The number, of Underlying Shares issuable upon any conversion hereunder shall (subject to limitations set forth in Section 5(c)) equal the outstanding principal amount of this Note to be converted divided by the Conversion Price. If the Holder is converting less than all of the principal amount of represented by this Note, or if a conversion hereunder may not be effected in full due to the application of Section 6(b5(c), the Company shall honor such conversion to the extent permissible hereunder and shall promptly deliver to the Holder a Conversion Schedule indicating the principal amount (and accrued interest) which has not been converted. In If, in connection with the event consummation of the IP0 Event, a partial conversion Holder desires to convert any principal amount of this Note pursuant to the terms hereof, in excess of the principal amount converted shall be deducted subject to an Automatic Conversion (as defined below), then the Holder must notify the Company of such conversion in accordance with the terms hereof by no later than 10 Business Days after delivery of notice from the Monthly Installments relating to Company that it has received the Principal Payment Dates initial comments on the Registration Statement from the Commission or has received notice that the Commission will not be reviewing the Registration Statement. Any such conversion election by a Holder will be irrevocable and will be deemed an Automatic Conversion and shall occur on the Automatic Conversion Date (as set forth in the Conversion Noticedefined below).

At the Option of the Holder. All or any portion of this Note shall be convertible into shares of Common Stock Shares (subject to the limitations set forth in Section 6(b8(c)), at the option of the Holder, at any time and from time to time from and after the Original Issue Date. The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal Principal amount of this Note to be converted, plus the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion Date. The Holder shall effect conversions under this Section 6(a8(a) by delivering to the Company a Conversion Notice together with a schedule in the form of Schedule 2 attached hereto (the "“Conversion Schedule"”). If the Holder is converting less than all of the principal Principal amount of this Note, or if a conversion hereunder may not be effected in full due to the application of Section 6(b8(c), the Company shall honor such conversion to the extent permissible hereunder and shall promptly deliver to the Holder a Conversion Schedule indicating the principal Principal amount (and accrued interest) which has not been converted. In the event of a partial Any conversion of interest due and owing under this Note pursuant to Section 8(a) in excess of any amount required to be paid on the terms hereof, the principal amount converted next Interest Payment Date shall be deducted from credited and applied against the next Monthly Installments relating to Interest Payment or such other specified Monthly Interest Payment, in each case, as designated by the Principal Payment Dates as set forth in the Conversion NoticeHolder.

At the Option of the Holder. All or any portion of this Note Debenture shall be convertible into shares of Common Stock (subject to the limitations set forth in Section 6(b)), at the option of the Holder, at any time and from time to time from and after the Original Issue Date. The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note Debenture to be converted, plus the amount of any accrued but unpaid interest on this Note Debenture to be converted through the Conversion Date, divided by the Conversion Price on the Conversion Date. The Holder shall effect conversions under this Section 6(a) by delivering to the Company a Conversion Notice together with a schedule in the form of Schedule 2 attached hereto (the "Conversion Schedule"). In the event of a partial conversion of this Debenture pursuant hereto, the principal amount converted shall be deducted from the Monthly Installment Amounts relating to the Principal Payment Dates as set forth in the Conversion Notice. If the Holder is converting less than all of the principal amount of this NoteDebenture, or if a conversion hereunder may not be effected in full due to the application of Section 6(b), the Company shall honor such conversion to the extent permissible hereunder and shall promptly deliver to the Holder a Conversion Schedule indicating the principal amount (and accrued interest) which has not been converted. In the event of a partial conversion of this Note pursuant to the terms hereof, the principal amount converted shall be deducted from the Monthly Installments relating to the Principal Payment Dates as set forth in the Conversion Notice.