Common use of Convertible Preferred Stock Clause in Contracts

Convertible Preferred Stock. The Series A-1 Agreements contain standstill provisions (the “Standstill Provisions”), which prevent the Purchaser, either alone or together with any other person, from acquiring additional shares of the Company’s Common Stock or any of the Company’s assets, soliciting proxies, or seeking further representation on the Company’s board of directors. The Purchaser hereby acknowledges and agrees that: (i) the Company is hereby waiving the Standstill Provisions solely with respect to the Shares purchased hereby, and (ii) that notwithstanding the foregoing the Standstill Provisions remain in full force and effect.

Convertible Preferred Stock. The Series A-1 Agreements contain B-1 Agreement contains a standstill provisions provision (the “Standstill ProvisionsProvision”), which prevent the prevents Purchaser, either alone or together with any other person, from acquiring additional shares of the Company’s Common Stock or any of the Company’s assets, soliciting proxies, or seeking further representation on the Company’s board of directors. The Purchaser hereby acknowledges and agrees that: (i) the Company is hereby waiving the Standstill Provisions solely with respect to the Shares purchased hereby, and (ii) that notwithstanding the foregoing foregoing, the Standstill Provisions remain Provision remains in full force and effect.

Convertible Preferred Stock. The Series A-1 Agreements contain B-1 Agreement contains a standstill provisions provision (the “Standstill ProvisionsProvision”), which prevent the prevents Purchaser, either alone or together with any other person, from acquiring additional shares of the Company’s Common Stock or any of the Company’s assets, soliciting proxies, or seeking further representation on the Company’s board of directors. The Purchaser hereby acknowledges and agrees that: (i) the Company is hereby waiving the Standstill Provisions Provision solely with respect to the Shares purchased hereby, and (ii) that notwithstanding the foregoing foregoing, the Standstill Provisions remain Provision remains in full force and effect.

Convertible Preferred Stock. The Series A-1 Agreements contain standstill provisions (the “Standstill Provisions”), which prevent the Purchaser, either alone or together with any other person, from acquiring additional shares of the Company’s Common Stock or any of the Company’s assets, soliciting proxies, or seeking further representation on the Company’s board of directors. The Purchaser hereby acknowledges and agrees that: (i) the Company is hereby waiving the Standstill Provisions solely with respect to the Shares of Common Stock purchased hereby, and (ii) that notwithstanding the foregoing the Standstill Provisions remain in full force and effect.