Common use of Conversion by the Holder Clause in Contracts

Conversion by the Holder. The Holder agrees, pursuant to Section 5(a) of the Certificate of Designation of Series A Convertible Participating Preferred Stock, dated as of May 29, 2014, (as amended from time to time prior to the date hereof, and as in effect as of the date hereof, the “Series A Certificate of Designation”), that on the Closing Date, it will convert 1,000 shares of the Preferred Stock it holds into Common Stock, such shares of Preferred Stock representing all of the outstanding shares of Preferred Stock it holds as of the date hereof and immediately before the conversion contemplated by this clause (a) (the “Holder’s Shares”).

Conversion by the Holder. The Holder agrees, pursuant to Section 5(a) of the Certificate of Designation of Series A A-1 Convertible Participating Preferred Stock, dated as of May 29September 22, 2014, (as amended from time to time prior to the date hereof, and as in effect as of the date hereof, the “Series A A-1 Certificate of Designation”), that on the Closing Date, it will convert 1,000 9,000 shares of the Preferred Stock it holds into Common Stock, such shares of Preferred Stock representing all of the outstanding shares of Preferred Stock it holds as of the date hereof and immediately before the conversion contemplated by this clause (a) (the “Holder’s Shares”).