Common use of Forced Conversion Clause in Contracts

Forced Conversion. Notwithstanding anything herein to the contrary, if after the 12 month anniversary of the Effective Date (i) each of the Closing Prices for any 30 consecutive Trading Days (such period commencing only after the 1 year anniversary of the Effective Price, such period the "Threshold Period")) exceeds $1.50, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of the Purchase Agreement and (ii) the average daily dollar trading volume of the Common Stock during the Threshold Period is greater than or equal to $150,000, the Company may, within 1 Trading Day of the end of any such period, deliver a notice to the Holder (a "Forced Conversion Notice" and the date such notice is received by the Holder, the "Forced Conversion Notice Date") to cause the Holder to immediately convert all or part of the then outstanding principal amount of Debentures pursuant to Section 4(a). The Company may only effect a Forced Conversion Notice if all of the Equity Conditions are met through the applicable Threshold Period until the date of the applicable Forced Conversion. Any Forced Conversion shall be applied ratably to all Holders based on their initial purchases of Debentures pursuant to the Purchase Agreement.

Forced Conversion. Notwithstanding anything herein to the contrarycontrary and subject to the conditions hereunder, if after the 12 month anniversary of the Effective Date (i) date of the Purchase Agreement, the Closing Price for each of the Closing Prices for any 30 20 consecutive Trading Days (such "THRESHOLD PERIOD"), which 20 consecutive Trading Day period commencing shall have commenced only after the 1 year such anniversary of the Effective Pricedate, such period the "Threshold Period")) exceeds $1.50, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of the Purchase Agreement 3.50 and (ii) the average daily dollar trading volume of for the Common Stock during same period exceeds 100,000 shares (both (i) and (ii) hereof adjusted for any stock splits, reverse splits and the Threshold Period is greater than or equal to $150,000like occurring after the Original Issue Date), then the Company may, within 1 two Trading Day Days of the end of any such period, deliver a notice to the Holder (a "Forced Conversion NoticeFORCED CONVERSION NOTICE" and the date such notice is received by the Holder, the "Forced Conversion Notice FORCED CONVERSION NOTICE Date") to cause the Holder to immediately convert all or part of the then outstanding principal amount of Debentures pursuant to Section 4(a)4. The Company may only effect a Forced Conversion Notice if all of the Equity Conditions are met through the applicable Threshold Period until the date of the applicable Forced Conversion. Any Forced Conversion shall be applied ratably to all Holders based on their initial purchases of Debentures pursuant to the Purchase Agreement.. Notwithstanding anything herein to the contrary, in the event the Company issues a Forced Conversion Notice and, because of any limitation on issuance, it is unable to force

Forced Conversion. Notwithstanding anything herein to the contrary, if after the 12 month anniversary of the Effective Date (iA) each of the Closing Prices VWAPs for any 30 20 consecutive Trading Days (such period commencing only after the 1 year anniversary of the Effective Price, such period the "Threshold Period")) exceeds $1.50, 175% of the then Set Price and (B) the average daily trading volume of the Common Stock during the Threshold Period is greater than or equal to 45,000 (subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of the Purchase Agreement and (ii) the average daily dollar trading volume of the Common Stock during the Threshold Period is greater than or equal to $150,000Original Issue Date), the Company may, within 1 2 Trading Day Days of the end of any such period, deliver a notice to the Holder (a "Forced Conversion Notice" and the date such notice is received by the Holder, the "Forced Conversion Notice Date") to cause the Holder to immediately convert all or part of the then outstanding principal amount of Debentures pursuant to Section 4(a). The Company may only effect a Forced Conversion Notice if all of the Equity Conditions are met through the applicable Threshold Period until the date of the applicable Forced Conversion. Any Forced Conversion shall be applied ratably to all Holders based on their initial purchases of Debentures pursuant to the Purchase Agreement.