Common use of Convertible Promissory Notes Clause in Contracts

Convertible Promissory Notes. The conversion prices and other terms of the various series of 2007 Convertible Promissory Notes may be different from each other, but all of the amounts due under all of the series of the 2007 Convertible Promissory Notes are intended to be of equal priority and seniority. The maximum aggregate principal amount of the 2007 Series A Convertible Promissory Notes combined is $5,000,000. Each 2007 Series A Convertible Promissory Note is individually referred to herein as a "Note" and collectively as the "Notes."