Common use of COMPANY TO RESERVE CAPITAL SECURITIES Clause in Contracts

COMPANY TO RESERVE CAPITAL SECURITIES. The Company shall at all times reserve and keep available out of the aggregate of its authorized but unissued shares or its issued shares held in its treasury, or both, for the purpose of effecting the exercise of the Warrants, such full number of its duly authorized shares of [Preferred Shares] [Common Stock] as shall from time to time be sufficient to effect the exercise of all outstanding Warrants. If any shares of [Preferred Shares] [Common Stock] reserved or to be reserved for the purpose of exercise of Warrants hereunder require registration with or approval of any governmental authority under any Federal or State law before such shares may be validly delivered upon exercise, then the Company covenants that it will in good faith and as expeditiously as possible endeavor to secure registration or approval, as the case may be. The Company covenants that all shares of [Preferred Shares] [Common Stock] which may be delivered upon exercise of Warrants shall upon delivery be fully paid and nonassessable by the Company, subject to Massachusetts General Laws Chapter 156B, Section 45, and, except for taxes in connection with the exercise of the Warrants, free from all taxes, liens and charges with respect to the issue or delivery thereof.

COMPANY TO RESERVE CAPITAL SECURITIES. The Company shall at all times reserve and keep available out of the aggregate of its authorized but unissued shares or its issued shares held in its treasury, or both, for the purpose of effecting the exercise of the Warrants, such full number of its duly authorized shares of [Preferred SharesStock] [Common Stock] as shall from time to time be sufficient to effect the exercise of all outstanding Warrants. If any shares of [Preferred SharesStock] [Common Stock] reserved or to be reserved for the purpose of exercise of Warrants hereunder require registration with or approval of any governmental authority under any Federal or State law before such shares may be validly delivered upon exercise, then the Company covenants that it will in good faith and as expeditiously as possible endeavor to secure registration or approval, as the case may be. The Company covenants that all shares of [Preferred SharesStock] [Common Stock] which may be delivered upon exercise of Warrants shall upon delivery be fully paid and nonassessable by the Company, subject to Massachusetts General Laws Chapter 156B[ADD APPROPRIATE DELAWARE LAW PROVISIONS, Section 45, IF APPLICABLE] and, except for taxes in connection with the exercise of the Warrants, free from all taxes, liens and charges with respect to the issue or delivery thereof.

COMPANY TO RESERVE CAPITAL SECURITIES. The Company shall at all times ------------------------------------- reserve and keep available out of the aggregate of its authorized but unissued shares or its issued shares held in its treasury, or both, for the purpose of effecting the exercise of the Warrants, such full number of its duly authorized shares of [Preferred SharesStock] [Common Stock] as shall from time to time be sufficient to effect the exercise of all outstanding Warrants. If any shares of [Preferred SharesStock] [Common Stock] reserved or to be reserved for the purpose of exercise of Warrants hereunder require registration with or approval of any governmental authority under any Federal or State law before such shares may be validly delivered upon exercise, then the Company covenants that it will in good faith and as expeditiously as possible endeavor to secure registration or approval, as the case may be. The Company covenants that all shares of [Preferred SharesStock] [Common Stock] which may be delivered upon exercise of Warrants shall upon delivery be fully paid and nonassessable by the Company, subject to Massachusetts General Laws Chapter 156B, Section 45, applicable law and, except for taxes in connection with the exercise of the Warrants, free from all taxes, liens and charges with respect to the issue or delivery thereof.

COMPANY TO RESERVE CAPITAL SECURITIES. The Company shall at all ------------------------------------- times reserve and keep available out of the aggregate of its authorized but unissued shares or its issued shares held in its treasury, or both, for the purpose of effecting the exercise of the Warrants, such full number of its duly authorized shares of [Preferred SharesStock] [Common Stock] as shall from time to time be sufficient to effect the exercise of all outstanding Warrants. If any shares of [Preferred SharesStock] [Common Stock] reserved or to be reserved for the purpose of exercise of Warrants hereunder require registration with or approval of any governmental authority under any Federal or State law before such shares may be validly delivered upon exercise, then the Company covenants that it will in good faith and as expeditiously as possible endeavor to secure registration or approval, as the case may be. The Company covenants that all shares of [Preferred SharesStock] [Common Stock] which may be delivered upon exercise of Warrants shall upon delivery be fully paid and nonassessable by the Company, subject to Massachusetts General Laws Chapter 156B[ADD APPROPRIATE NEVADA LAW PROVISIONS, Section 45, IF APPLICABLE] and, except for taxes in connection with the exercise of the Warrants, free from all taxes, liens and charges with respect to the issue or delivery thereof.

COMPANY TO RESERVE CAPITAL SECURITIES. The Company shall at all times reserve and keep available out of the aggregate of its authorized but unissued shares or its issued shares held in its treasury, or both, for the purpose of effecting the exercise of the Warrants, such full number of its duly authorized shares of [Preferred Shares] [Common Stock] as shall from time to time be sufficient to effect the exercise of all outstanding Warrants. If any shares of [Preferred Shares] [Common Stock] reserved or to be reserved for the purpose of exercise of Warrants hereunder require registration with or approval of any governmental authority under any Federal or State law before such shares may be validly delivered upon exercise, then the Company covenants that it will in good faith and as expeditiously as possible reasonably practicable endeavor to secure registration or approval, as the case may be. The Company covenants that all shares of [Preferred Shares] [Common Stock] which may be delivered upon exercise of Warrants shall upon delivery be fully paid and nonassessable by the Company, subject to Massachusetts General Michigan Compiled Laws Chapter 156B, Section 45450.1551, and, except for taxes in connection with the exercise of the Warrants, free from all taxes, liens and charges with respect to the issue or delivery thereof.