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 Stock] [Common Stock] as shall from time to time be sufficient to effect the exercise of all outstanding Warrants. If any shares of [Preferred Stock] [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 Stock] [Common Stock] which may be delivered upon exercise of Warrants shall upon delivery be fully paid and nonassessable by the Company, subject to [ADD APPROPRIATE DELAWARE LAW PROVISIONS, 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 StockShares] [Common Stock] as shall from time to time be sufficient to effect the exercise of all outstanding Warrants. If any shares of [Preferred StockShares] [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 StockShares] [Common Stock] which may be delivered upon exercise of Warrants shall upon delivery be fully paid and nonassessable by the Company, subject to [ADD APPROPRIATE DELAWARE LAW PROVISIONSMassachusetts General Laws Chapter 156B, IF APPLICABLE] 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 StockShares] [Common Stock] as shall from time to time be sufficient to effect the exercise of all outstanding Warrants. If any shares of [Preferred StockShares] [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 StockShares] [Common Stock] which may be delivered upon exercise of Warrants shall upon delivery be fully paid and nonassessable by the Company, subject to [ADD APPROPRIATE DELAWARE LAW PROVISIONSMichigan Compiled Laws Section 450.1551, 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 Stock] [Common Stock] as shall from time to time be sufficient to effect the exercise of all outstanding Warrants. If any shares of [Preferred Stock] [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 Stock] [Common Stock] which may be delivered upon exercise of Warrants shall upon delivery be fully paid and nonassessable by the Company, subject to [ADD APPROPRIATE DELAWARE LAW PROVISIONS, IF APPLICABLE] 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 Stock] [Common Stock] as shall from time to time be sufficient to effect the exercise of all outstanding Warrants. If any shares of [Preferred Stock] [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 Stock] [Common Stock] which may be delivered upon exercise of Warrants shall upon delivery be fully paid and nonassessable by the Company, subject to [ADD APPROPRIATE DELAWARE NEVADA LAW PROVISIONS, 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.