Common use of Company Option Clause in Contracts

Company Option. At any time within 1 Trading Day after the Registration Statement has been declared effective, Company may, in its sole discretion, deliver written notice to Investor of Company’s election to sell to Investor an additional 474 Preferred Shares at $10,000.00 per Preferred Share with a 5.0% OID for the sum of $4,500,000.00. Subject to Approval having been obtained and the terms and conditions herein, immediately when all conditions in Section II.C have been fully satisfied as of such date, (1) Investor will purchase and make payment for the specified number of additional Preferred Shares by payment to Company in cash, by wire transfer of immediately available funds to an account designated by Company, and (2) Company will deliver to Purchaser a certificate or Transfer Agent book entry for the number of purchased Preferred Shares in the name of Investor.

Company Option. At any time within 1 3 Trading Day Days after the Registration Statement has been declared effective, Company may, in its sole discretion, deliver written notice to Investor Purchaser of Company’s election to sell to Investor an Purchaser up to 300 additional 474 Preferred Shares at $10,000.00 per Preferred Share with a 5.0% OID for Share. On the sum of $4,500,000.00. Subject date specified by Company, subject to Approval having been obtained and obtained, the terms and conditions herein, immediately when all herein and the satisfaction of the conditions in Section II.C have been fully satisfied as of such date, (1) Investor Purchaser will purchase and make payment for the specified number of additional Preferred Shares by payment to Company in cash, by wire transfer of immediately available funds to an account designated by Company, and (2) Company will deliver to Purchaser by reputable overnight courier, immediately upon receipt of the funds, a stock certificate or Transfer Agent book entry for representing the number of purchased Preferred Shares in the name of InvestorShares.

Company Option. At any time within 1 Trading Day after the Registration Statement has been declared effective, Company may, in its sole discretion, deliver written notice to Investor of Company’s election to sell to Investor an 316 additional 474 Preferred Shares at $10,000.00 per Preferred Share with a 5.0% OID for the sum of $4,500,000.003,000,000.00. Subject to Approval having been obtained and the terms and conditions herein, immediately when all conditions in Section II.C have been fully satisfied as of such date, (1) Investor will purchase and make payment for the specified number of additional Preferred Shares by payment to Company in cash, by wire transfer of immediately available funds to an account designated by Company, and (2) Company will deliver to Purchaser by reputable overnight courier, immediately upon receipt of the funds, a stock certificate or Transfer Agent book entry for representing the number of purchased Preferred Shares in the name of InvestorShares.