Common use of Greenshoe Clause in Contracts

Greenshoe. (a) From the date hereof until the 24-month anniversary of the Closing Date, each Purchaser may, in its sole determination, elect to purchase, severally and not jointly with the other Purchasers and, subject to the proviso below, in one or more purchases, in the ratio of such Purchaser’s original Subscription Amount to the original aggregate Subscription Amount of all Purchasers, additional Preferred Stocks with an aggregate subscription amount thereof equal to 100% of such Purchaser’s Subscription Amount, in accordance with the calculations in Section 2.2 (such securities, the “Greenshoe Securities” and such right to receive the Greenshoe Securities pursuant to this Section 4.18, the “Greenshoe Rights”).

Greenshoe. (a) From the date hereof until the 2412-month anniversary of the Closing Datedate the Common Stock is listed on Nasdaq or NYSE MKT, each Purchaser may, in its sole determination, elect to purchase, severally and not jointly with the other Purchasers and, subject to the proviso below, in one or more purchases, in the ratio of such Purchaser’s original Subscription Amount to the original aggregate Subscription Amount of all Purchasers, additional Preferred Stocks Debentures with an aggregate subscription amount thereof equal to 100% of such Purchaser’s Subscription Amount$4,000,000, and Warrants in accordance with the calculations in Section 2.2 (such securities, the “Greenshoe Securities” and such right to receive the Greenshoe Securities pursuant to this Section 4.18, the “Greenshoe Rights”).

Greenshoe. (a) From the date hereof until the 24-month anniversary of 60 days after the Closing Date, each Purchaser may, in its sole determination, elect to purchase, severally and not jointly with the other Purchasers and, subject to the proviso below, in one or more purchases, in the ratio of such Purchaser’s original Subscription Amount to the original aggregate Subscription Amount of all Purchasers, additional Preferred Stocks shares of Common Stock with an aggregate subscription amount thereof equal of up to 100% of such Purchaser’s Subscription Amount, in accordance with the calculations in Section 2.2 $500,000 and Warrants (such securities, the “Greenshoe Securities” and such right to receive the Greenshoe Securities pursuant to this Section 4.184.19, the “Greenshoe Rights”). The Greenshoe Securities shall be identical to the Securities.

Greenshoe. (a) From the date hereof until the 24-twelve month anniversary of the Closing Date, each Purchaser may, in its sole determination, elect to purchase, severally and not jointly with the other Purchasers and, subject to the proviso below, in one or more purchases, in the ratio of such Purchaser’s original Subscription Amount to the original aggregate Subscription Amount of all Purchasers, additional shares of Preferred Stocks Stock with an aggregate subscription amount thereof equal to 100% of such Purchaser’s the original aggregate Subscription AmountAmount hereunder, and Warrants in accordance with the calculations in Section 2.2 (such securities, the “Greenshoe Securities” and such right to receive the Greenshoe Securities pursuant to this Section 4.18, the “Greenshoe Rights”). The Greenshoe Securities shall be identical to the Securities.