Common use of Conversion to Common Stock Clause in Contracts

Conversion to Common Stock. The Investor shall have the right, which the Investor may exercise at any time on or before June 14, 2009 (the "Maturity Date") to convert all or a portion of the Securities into shares of Company's Common Stock, upon Sixty (60) days prior notice to Company of (i) the Investor's intention to so convert, and (ii) the amount of the Securities to be converted. At all times up until the Maturity Date: (a) the conversion ratio shall be one share of the Securities for five shares of Common Stock of the Company; and (b) the Investor may, from time to time, elect to convert less than all of the Securities owned by it without impairment of its right to convert other portions of the balance thereof.

Conversion to Common Stock. The Investor shall have the right, which the Investor may exercise at any time on or before June 1415, 2009 (the "Maturity Date") to convert all or a portion of the Securities into shares of Company's Common Stock, upon Sixty (60) days prior notice to Company of (i) the Investor's intention to so convert, and (ii) the amount of the Securities to be converted. At all times up until the Maturity Date: (a) the conversion ratio shall be one share of the Securities for five shares of Common Stock of the Company; and (b) the Investor may, from time to time, elect to convert less than all of the Securities owned by it without impairment of its right to convert other portions of the balance thereof.

Conversion to Common Stock. The Investor shall have the right, which the Investor may exercise at any time on or before June 14, 2009 2003 (the "Maturity Date") to convert all or a portion of the Securities into shares of Company's Common Stock, upon Sixty (60) days prior notice to Company of (i) the Investor's intention to so convert, and (ii) the amount of the Securities to be converted. At all times up until the Maturity Date: (a) the conversion ratio shall be one share of the Securities for five shares of Common Stock of the Company; and (b) the Investor may, from time to time, elect to convert less than all of the Securities owned by it without impairment of its right to convert other portions of the balance thereof.

Conversion to Common Stock. The Investor shall have the right, which the Investor may exercise at any time on or before June 14, 2009 (the "Maturity Date") to convert all or a portion of the Securities into shares of Company's Common Stock, upon Sixty (60) days prior notice to Company of (i) the Investor's intention to so convert, and (ii) the amount of the Securities to be converted. At all times up until the Maturity Date: (a) the conversion ratio shall be one share of the Securities for five shares of Common Stock of the Company; and (b) the Investor may, from time to time, elect to convert less than all of the Securities owned by it him without impairment of its her right to convert other portions of the balance thereof.

Conversion to Common Stock. The Investor shall have the right, which the Investor may exercise at any time on or before June 14, 2009 (the "Maturity Date") to convert all or a portion of the Securities into shares of Company's Common Stock, upon Sixty (60) days prior notice to Company of (i) the Investor's intention to so convert, and (ii) the amount of the Securities to be converted. At all times up until the Maturity Date: (a) the conversion ratio shall be one share of the Securities for five shares of Common Stock of the Company; and (b) the Investor may, from time to time, elect to convert less than all of the Securities owned by it him without impairment of its his right to convert other portions of the balance thereof.