Common use of Limitation on Beneficial Ownership Clause in Contracts

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-KK (or Form 10-KSB or Form 10-QSB), as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any purchase under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Notwithstanding anything to the contrary contained in this Certificate of Designations, the Preferred Shares held by a Holder shall not have be convertible by such Holder, and the right or the obligation to purchase shares Company shall not effect any conversion of Common Stock under this Agreement any Preferred Shares held by such Holder, to the extent (but only to the extent) that after giving effect to such purchase the Buyer together with Holder or any of its affiliates would beneficially own in excess of 9.94.99% of (the outstanding shares “Maximum Percentage”) of the Common Stock following such purchaseStock. For purposes hereofTo the extent the above limitation applies, the number determination of shares of Common Stock beneficially whether the Preferred Shares held by such Holder shall be convertible (vis-à-vis other convertible, exercisable or exchangeable securities owned by the Buyer such Holder or any of its affiliates) and its affiliates of which such securities shall be convertible, exercisable or acquired exchangeable (as among all such securities owned by the Buyer such Holder and its affiliates) shall, subject to such Maximum Percentage limitation, be determined on the basis of the first submission to the Company for conversion, exercise or exchange (as the case may be). No prior inability of a Holder to convert Preferred Shares, shall include or of the number of Company to issue shares of Common Stock issuable in connection with a purchase under to such Holder, pursuant to this Agreement Section 4(e) shall have any effect on the applicability of the provisions of this Section 4(e) with respect to which any subsequent determination of convertibility or issuance (as the determination is being madecase may be). For purposes of this Section 4(e), but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, beneficial ownership and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company all determinations and calculations (including, without limitation, any notes or warrantswith respect to calculations of percentage ownership) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities 1934 Act and the rules and regulations promulgated thereunder. The provisions of this Section 4(e) shall be implemented in a manner otherwise than in strict conformity with the terms of this Section 4(e) to correct this Section 4(e) (or any portion hereof) which may be defective or inconsistent with the intended Maximum Percentage beneficial ownership limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such Maximum Percentage limitation. The limitations contained in this Section 4(e) shall apply to a successor holder of Preferred Shares. The holders of Common Stock shall be third party beneficiaries of this Section 4(e) and the Company may not waive this Section 4(e). For any reason at any time, upon the written or oral request of a Holder, the Company shall within two (2) Business Days confirm orally and in writing to such Holder the number of shares of Common Stock then outstanding, including by virtue of any prior conversion or exercise of convertible or exercisable securities into Common Stock, including, without limitation, pursuant to this Certificate of Designations or securities issued pursuant to the Exchange Act Agreements. By written notice to the Company, any Holder may increase or decrease the Maximum Percentage to any other percentage not in excess of 19349.99% specified in such notice; provided that (i) any such increase will not be effective until the 61st day after such notice is delivered to the Company, as amendedand (ii) any such increase or decrease will apply only to such Holder sending such notice and not to any other Holder.

Limitation on Beneficial Ownership. The Buyer Company shall not effect any conversion of Notes, and no Purchaser shall have the right or the obligation to purchase shares of Common Stock under this Agreement convert any Notes, to the extent that after giving effect to such purchase conversion, the Buyer beneficial owner of such shares (together with its affiliates such Person’s Affiliates) would beneficially own in excess have acquired, through conversion of 9.9Notes or otherwise, beneficial ownership of a number of Common Shares that exceeds 9.99% (“Maximum Percentage”) of the number of Common Shares outstanding shares of the Common Stock following immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing, the number of shares of Common Stock Shares beneficially owned by the Buyer a Person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, Affiliates shall include the number of shares Common Shares issuable upon conversion of Common Stock issuable in connection with a purchase under this Agreement the Notes with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock Shares which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted Notes beneficially owned by such Person or any of its Affiliates and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes other notes, preferred shares or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein in this Section beneficially owned by such Person or any of its Affiliates. Except as set forth in the Buyer and its affiliatespreceding sentence, for purposes of this Section 4.5, beneficial ownership shall be calculated in accordance with Section 13(d) of the 1934 Act. For purposes of this SectionSection 4.5, in determining the number of outstanding shares of Common Stock the Buyer Shares, a Purchaser may rely on the number of outstanding shares of Common Stock Shares as reflected in (1) the Company's ’s most recent Form 10-Q K, Form 10-KSB, Form 10-Q, Form 10-QSB or Form 108-K, as the case may be, (2) a more recent public announcement by the Company Company, or (3) any other written communication notice by the Company or its the Transfer Agent setting forth the number of shares of Common Stock Shares outstanding. Upon For any reason at any time, upon the reasonable written or oral request of the Buyerany Purchaser, the Company shall promptly within one (1) Business Day following the receipt of such notice, confirm orally and in writing to the Buyer any such Purchaser the number of shares of Common Stock Shares then outstanding. In any case, the number of outstanding shares of Common Stock Shares shall be determined after giving effect to any purchases under this Agreement the conversion or exercise of securities of the Company, including the Notes, by the Buyer such Purchaser and its Affiliates since the date as of which such number of outstanding shares of Common Stock Shares was reported. Except By written notice to the Company, any Purchaser may from time to time increase or decrease the Maximum Percentage to any other percentage not in excess of 19.99% nor below 9.99% as otherwise set forth hereinspecified in such notice; provided, for purposes of this Section 1(d)(i)that (I) any such increase or decrease will not be effective until the sixty-first (61st) day after such written notice is delivered to the Company, beneficial ownership shall be determined in accordance with Section 13(dand (II) of any such increase or decrease will apply only to the Securities Exchange Act of 1934, as amendedPurchaser providing such written notice and not to any other Purchaser.

Limitation on Beneficial Ownership. The Buyer shall not have Notwithstanding anything to the right contrary set forth in this Certificate of Designation, at no time may all or a portion of the obligation to purchase Series O Preferred Stock be converted if the number of shares of Common Stock under this Agreement to the extent that after giving effect be issued pursuant to such purchase the Buyer together conversion would exceed, when aggregated with its affiliates would beneficially own in excess of 9.9% of the outstanding all other shares of the Common Stock following owned by the Holder at such purchase. For purposes hereoftime, the number of shares of Common Stock that would result in the Holder beneficially owned by owning (as determined in accordance with Section 13(d) of the Buyer and its affiliates or acquired by the Buyer and its affiliatesSecurities Exchange Act of 1934, as amended (the case “1934 Act”), and the rules thereunder) more than 4.99% of all of the Common Stock outstanding at such time (the “4.99% Beneficial Ownership Limitation”); provided, however, that, upon the Holder providing the Corporation with sixty-one (61) days’ advance notice (the “4.99% Waiver Notice”) that the Holder would like to waive this Section 6(d) with regard to any or all shares of Common Stock issuable upon conversion of the Series O Preferred Stock, this Section 6(d) will be of no force or effect with regard to all or a portion of the Series O Preferred Stock referenced in the 4.99% Waiver Notice but shall in no event waive the 9.99% Beneficial Ownership Limitation described below. Notwithstanding anything to the contrary set forth in this Certificate of Designation, at no time may be, shall include all or a portion of the Series O Preferred Stock be converted if the number of shares of Common Stock issuable in connection to be issued pursuant to such conversion, when aggregated with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of all other shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer Holder at such time, would result in the Holder beneficially owning (as determined in accordance with Section 13(d) of the 1934 Act and its affiliatesthe rules thereunder) in excess of 9.99% of the then-issued and outstanding shares of Common Stock outstanding at such time (the “9.99% Beneficial Ownership Limitation” and the lower of the 9.99% Beneficial Ownership Limitation and the 4.99% Beneficial Ownership Limitation then in effect, the “Maximum Percentage”). By written notice to the Company, a holder of Series O Preferred Stock may from time to time decrease the Maximum Percentage to any other percentage specified in such notice. For purposes of this Sectionhereof, in determining the number of outstanding shares of Common Stock Stock, the Buyer Holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's ’s most recent Form 10-Q or Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing with the Securities and Exchange Commission, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication notice by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon For any reason at any time, upon the reasonable written or oral request of the Buyera holder of Series O Preferred Stock, the Company shall promptly within three (3) Business Days confirm orally and in writing to the Buyer such holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement the conversion or exercise of securities of the Company, including the Series O Preferred Stock, by the Buyer Holder and its Affiliates since the date as of which such number of outstanding shares of Common Stock was reported, that in any event are convertible or exercisable, as the case may be, into shares of the Company’s Common Stock within 60 days’ of such calculation and that are not subject to a limitation on conversion or exercise analogous to the limitation contained herein. Except as The provisions of this paragraph shall be construed and implemented in a manner otherwise set forth herein, for purposes than in strict conformity with the terms of this Section 1(d)(i), 6(d) to correct this paragraph (or any portion hereof) that may be defective or inconsistent with the intended beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amendedlimitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation.

Limitation on Beneficial Ownership. The Company shall not effect any purchase under this Agreement and a Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.99% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the a Buyer and its affiliates Affiliates or acquired by the Buyer and its affiliatesAffiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude made and the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities Securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatesWarrants). For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer Buyers may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's ’s most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the a Buyer, the Company shall promptly confirm orally and in writing to the Buyer Buyers the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer Buyers since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not effect and shall have no obligation to effect any conversion of Preferred Shares, and no holder of Preferred Shares shall have the right or the obligation to purchase shares convert any Preferred Shares, in excess of Common Stock under this Agreement to the extent that a number of Preferred Shares which, after giving effect to such purchase conversion, would cause the Buyer aggregate number of shares of Common Stock beneficially owned by such Person (together with its affiliates would beneficially own in excess of 9.9such Person's affiliates) to exceed 9.99% of the outstanding number of shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a Person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement upon conversion of the Preferred Shares with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted Preferred Shares beneficially owned by such Person or any of its affiliates and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and such Person or any of its affiliates. Except as set forth in the preceding sentence, for purposes of this Section 4, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended. For purposes of this SectionSection 4, in determining the number of outstanding shares of Common Stock the Buyer a holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Q, Form 10-KK or other public filing with the Securities and Exchange Commission, as the case may be, (2) a more recent public announcement by the Company Company, or (3) any other written communication notice by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyerany holder, the Company shall promptly promptly, but in no event later than one (1) Business Day following the receipt of such notice, confirm orally and in writing to the Buyer any such holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement conversions of Preferred Shares by the Buyer such holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's ’s most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not affect or limit the Buyer's obligation to purchase the Daily Purchase Amount as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not effect any exercise of the Warrant, and the older shall not have the right or to exercise any of the obligation to purchase shares of Common Stock under this Agreement Warrant, to the extent that after giving effect to such purchase exercise, the Buyer beneficial owner of such shares (together with its affiliates such person’s affiliates) would beneficially own in excess of 9.9% have acquired, through exercise of the outstanding Warrant or otherwise, beneficial ownership of a number of shares of common stock that exceeds the Common Stock following such purchase. For purposes hereofpercentage, if any, set forth opposite the Holder’s name in column (8) of the schedule of buyers to the securities purchase agreement (“maximum percentage”) of the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect common stock outstanding immediately after giving effect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatessuch conversion. For purposes of this SectionSection 8, beneficial ownership shall be calculated in accordance with section 13(d) of the Securities Exchange Act of 1934, as amended. For purposes of this Section 8, in determining the number of outstanding shares of Common Stock common stock, the Buyer Holder may rely on the number of outstanding shares of Common Stock common stock as reflected in (1) the Company's ’s most recent Form 10-Q K, Form 10-KSB, Form 10-Q, Form 10-QSB or Form 108-K, as the case may be, (2) a more recent public announcement by the Company Company, or (3) any other written communication notice by the Company or its Transfer Agent the transfer agent setting forth the number of shares of Common Stock outstanding. Upon for any reason at any time, upon the reasonable written or oral request of the BuyerHolder, the Company shall promptly within one (1) business day following the receipt of such notice, confirm orally and in writing to the Buyer Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement the conversion or exercise of securities of the Company, including the Warrant, by the Buyer Holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise By written notice to the Company, the Holder may from time to time increase or decrease the maximum percentage to any other percentage specified in such notice; provided that (i) any such increase will not be effective until the sixty-first (61st) day after such notice is delivered to the Company, and (ii) any such increase or decrease will apply only to the Holder providing such written notice. Notwithstanding the foregoing, if the Holder has elected “no limit” in column (8) of the Schedule of Buyers to the Securities Purchase Agreement, the limitations set forth herein, for purposes of in this Section 1(d)(i), beneficial ownership 8 shall not be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amendedapplicable to Holder.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 9.9% limitation is ever reached this shall not affect or limit the Buyer's obligation to purchase the Daily Purchase Amount as otherwise provided in this Agreement. Specifically, even though the Buyer may not receive additional shares of Common Stock in the event that the 9.9% limitation is ever reached, the Buyer is still obligated to pay to the Company the Daily Purchase Amount on each Trading Day as otherwise obligated under this Agreement, e.g. no Event of Default (as defined in Section 9 hereof) has occurred, nor any event which, after notice and/or lapse of time, would become an Event of Default. Under such circumstances, the Buyer would have the right to acquire additional shares of Common Stock in the future only at such time as its ownership subsequently become less than the 9.9% limitation. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not effect any conversion of the Preferred Shares, and any Holder shall not have the right or the obligation to purchase shares of Common Stock under this Agreement convert any Preferred Shares pursuant hereto, to the extent that after giving effect to such purchase the Buyer conversion, such Holder (together with its affiliates affiliates) would beneficially own in excess of 9.99.99% (the "CONVERSION LIMITATION") of the outstanding number of shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing sentences, the aggregate number of shares of Common Stock beneficially owned by the Buyer Holder and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the 14 number of shares of Common Stock issuable in connection with a purchase under this Agreement upon conversion of the Preferred Shares with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted portion of the Preferred Shares beneficially owned by the Holder or any of its affiliates and (2B) exercise or conversion of the unexercised or unconverted nonconverted portion of any other securities of the Company (including, without limitation, any notes of the warrants or warrantsconvertible notes) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and Holder or any of its affiliates. Except as set forth in the preceding sentence, for purposes of this Section 5, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act. For purposes of this SectionSection 5, in determining the number of outstanding shares of Common Stock Stock, the Buyer Holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-K or 10-Q or any Current Report on Form 108-K, as K filed subsequent thereto or other public filing with the case may beSecurities and Exchange Commission, (2) a more recent public announcement by the Company or (3) any other written communication notice by the Company or its the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon For any reason at any time, upon the reasonable written or oral request of the BuyerHolder, the Company shall promptly within three (3) Business Days confirm orally and in writing to the Buyer Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement the conversion or exercise of securities of the Company, including the Preferred Shares, by the Buyer Holder or its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth hereinBy written notice to the Company, for purposes any Holder may increase or decrease the Conversion Limitation to any other percentage specified in such notice but such percentage shall not be in excess of this Section 1(d)(i)9.99%; provided that (i) any such increase will not be effective until the 61st day after such notice is delivered to the Company, beneficial ownership shall be determined in accordance with Section 13(dand (ii) any such increase or decrease will apply only to the Holder sending such notice and not to any other Holder of the Securities Exchange Act of 1934, as amendedPreferred Shares.

Limitation on Beneficial Ownership. The Company shall not effect any sales under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall not have Notwithstanding anything to the right contrary set forth in this Certificate of Designation, at no time may all or a portion of the obligation to purchase Preferred Stock be converted if the number of shares of Common Stock under this Agreement to the extent that after giving effect be issued pursuant to such purchase the Buyer together conversion would exceed, when aggregated with its affiliates would beneficially own in excess of 9.9% of the outstanding all other shares of the Common Stock following owned by the Holder at such purchase. For purposes hereoftime, the number of shares of Common Stock that would result in the Holder beneficially owned by owning (as determined in accordance with Section 13(d) of the Buyer 1934 Act), and its affiliates the rules thereunder) more than 4.99% of all of the Common Stock outstanding at such time (the "4.99% Beneficial Ownership Limitation"); provided, however, that, upon the Holder providing the Offeror with sixty- one (61) days' advance notice (the "4.99% Waiver Notice") that the Holder would like to waive this Section 6(d) with regard to any or acquired by all shares of Common Stock issuable upon conversion of the Buyer and its affiliatesPreferred Stock, as this Section 6(d) will be of no force or effect with regard to all or a portion of the case Preferred Stock referenced in the 4.99% Waiver Notice but shall in no event waive the 9.99% Beneficial Ownership Limitation DocuSign Envelope ID: E6FD5218-7EC1-4B5E-999D-39030437E5AD described below. Notwithstanding anything to the contrary set forth in this Certificate of Designation, at no time may be, shall include all or a portion of the Preferred Stock be converted if the number of shares of Common Stock issuable in connection to be issued pursuant to such conversion, when aggregated with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of all other shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer Holder at such time, would result in the Holder beneficially owning (as determined in accordance with Section 13(d) of the 1934 Act and its affiliatesthe rules thereunder) in excess of 9.99% of the then- issued and outstanding shares of Common Stock outstanding at such time (the "9.99% Beneficial Ownership Limitation" and the lower of the 9.99% Beneficial Ownership Limitation and the 4.99% Beneficial Ownership Limitation then in effect, the "Maximum Percentage"). By written notice to the Offeror, a holder of Preferred Stock may from time to time decrease the Maximum Percentage to any other percentage specified in such notice. For purposes of this Sectionhereof, in determining the number of outstanding shares of Common Stock Stock, the Buyer Holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the CompanyOfferor's most recent Annual Report on Form 1010- K, Quarterly Report on Form l0-Q Q, Current Report on Form 8-K or Form 10-Kother public filing wi1h the Securities and Exchange Commission, as the case may be, (2) a more recent public announcement by the Company Offeror or (3) any other written communication notice by the Company or its Transfer Agent Offeror setting forth the number of shares of Common Stock outstanding. Upon For any reason at any time, upon the reasonable written or oral request of the Buyera holder of Preferred Stock, the Company Offeror shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.within three

Limitation on Beneficial Ownership. The Buyer Notwithstanding anything to the contrary in the Transaction Documents, neither the Company nor any Company Subsidiary shall take any action (including any redemption, repurchase, or recapitalization of Common Stock, or securities or rights, options or warrants to purchase Common Stock, or securities of any type whatsoever that are, or may become, convertible into or exchangeable into or exercisable for Common Stock in each case, where the Purchasers are not have given the right to participate in such redemption, repurchase or the obligation to purchase shares of Common Stock under this Agreement recapitalization to the extent of the Purchaser’s pro rata proportion), that after giving effect to such purchase would cause any Purchaser’s ownership of voting securities of the Buyer Company (together with its affiliates would beneficially own in excess the ownership by such Purchaser’s Affiliates (as such term is used under the BHC Act) of voting securities of the Company) to increase above 9.9% of the outstanding shares any class of voting securities of the Company, without the prior written consent of such affected Purchaser, or to increase to an amount that would constitute “control” under the BHC Act or the CIBC Act, or otherwise cause any Purchaser to “control” the Company under and for purposes of the BHC Act or the CIBC Act. Notwithstanding anything to the contrary in this Agreement or any Transaction Document, no Purchaser (and its Affiliates or any other Persons with which it is acting in concert) will be entitled to purchase a number of Common Stock following Shares that would result in such purchase. For Purchaser becoming, directly or indirectly, the beneficial owner (as determined under Rule 13d-3 under the Exchange Act) or the owner for purposes hereof, of any banking law or regulation of more than 9.9% of the number of shares of Common Stock beneficially owned by issued and outstanding. Notwithstanding anything to the Buyer and its affiliates or acquired by contrary in this Agreement, no Purchaser shall have the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect ability to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion any voting rights of any other securities in excess of 9.9% of any class of voting securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to Company. In the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by event that either the Company or (3) any other written communication by the Company Subsidiary breaches its obligations under this Section 3.9 or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyerbelieves that it is reasonably likely to breach such obligations, the Company it shall promptly confirm orally notify the other parties hereto and shall cooperate in writing good faith with such parties to the Buyer the number of shares of Common Stock then outstanding. In any modify an ownership or other arrangement or take such actions and make such other arrangements, in each case, the number of outstanding shares of Common Stock shall be determined after giving effect as is necessary to any purchases under this Agreement by the Buyer since the date as of which cure or avoid such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amendedbreach.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not affect or limit the Buyer’s obligation to purchase the Daily Purchase Amount as otherwise provided in this Agreement. Specifically, even though the Buyer may not receive additional shares of Common Stock in the event that the 9.9% limitation is ever reached, the Buyer is still obligated to pay to the Company the Daily Purchase Amount on each Trading Day as otherwise obligated under this Agreement, e.g. no Event of Default (as defined in Section 9 hereof) has occurred, nor any event which, after notice and/or lapse of time, would become an Event of Default. Under such circumstances, the Buyer would have the right to acquire additional shares of Common Stock in the future only at such time as its ownership subsequently become less than the 9.9% limitation. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any purchase under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount or the Company's Mandatory Purchase Rights as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not effect the exercise of any Warrants, and the Holder shall not have the right or the obligation to purchase shares of Common Stock under this Agreement exercise any Warrants, to the extent that after giving effect to such purchase exercise, the Buyer Holder together with its affiliates the other Attribution Parties collectively would beneficially own in excess of 9.99.99% (the "Maximum Percentage") of the outstanding shares of the Common Stock following outstanding immediately after giving effect to such purchaseexercise. For purposes hereofof the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned by the Buyer Holder and its affiliates or acquired by the Buyer and its affiliates, as the case may be, other Attribution Parties shall include the number of shares of Common Stock held by the Holder and all other Attribution Parties plus the number of shares of Common Stock issuable in connection with a purchase under this Agreement upon exercise of Warrants with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase exercise of the remaining Available Amount which has not been submitted for purchaseremaining, unexercised Warrants represented by this Warrant Certificate and beneficially owned by the Holder or any of the other Attribution Parties and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any convertible notes or convertible preferred stock or warrants, including the Warrants) beneficially owned by the Holder or any other Attribution Party subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatesin this Section 1(f). For purposes of this SectionSection 1(f), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act. For purposes of determining the number of outstanding shares of Common Stock the Buyer Holder may acquire upon the exercise of Warrants without exceeding the Maximum Percentage, the Holder may rely on the number of outstanding shares of Common Stock as reflected in (1x) the Company's most recent Form 10-Q or Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing with the Securities and Exchange Commission (the "SEC"), as the case may be, (2y) a more recent public announcement by the Company or (3) any other written communication notice by the Company or its the Transfer Agent setting forth the number of shares of Common Stock outstandingoutstanding (the "Reported Outstanding Share Number"). Upon If the reasonable Company receives an Exercise Notice from a Holder at a time when the actual number of outstanding shares of Common Stock is less than the Reported Outstanding Share Number, the Company shall (i) notify such Holder in writing of the number of shares of Common Stock then outstanding and, to the extent that such Exercise Notice would otherwise cause the Holder's beneficial ownership, as determined pursuant to this Section 1(f), to exceed the Maximum Percentage, the Holder must notify the Company of a reduced number of Warrants to be exercised pursuant to such Exercise Notice (the number of Warrants by which such exercise is reduced, the “Reduction Warrants”) and (ii) as soon as reasonably practicable, the Company shall return to the Holder any exercise price paid by the Holder for Reduction Warrants. For any reason at any time, upon the written or oral request of the BuyerHolder, the Company shall promptly within one (1) Business Day confirm orally and in writing or by electronic mail to the Buyer Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including any purchases under this Agreement Warrants, by the Buyer Holder and any other Attribution Party since the date as of which such the Reported Outstanding Share Number was reported. In the event that the issuance of shares of Common Stock to the Holder upon exercise of any Warrants results in the Holder and the other Attribution Parties being deemed to beneficially own, in the aggregate, more than the Maximum Percentage of the number of outstanding shares of Common Stock was reported. Except (as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with under Section 13(d) of the Securities Exchange Act Act), the number of 1934shares so issued by which the Holder's and the other Attribution Parties' aggregate beneficial ownership exceeds the Maximum Percentage (the "Excess Shares") shall be deemed null and void and shall be cancelled ab initio, and the Holder shall not have the power to vote or to transfer the Excess Shares. As soon as amendedreasonably practicable after the issuance of the Excess Shares has been deemed null and void, the Company shall return to the Holder the exercise price paid by the Holder for the Excess Shares. Upon delivery of a written notice to the Company, the Holder may from time to time increase (with such increase not effective until the sixty-first (61st) day after delivery of such notice) or decrease the Maximum Percentage to any other percentage not in excess of 9.99% as specified in such notice; provided that (i) any such increase in the Maximum Percentage will not be effective until the sixty-first (61st) day after such notice is delivered to the Company and (ii) any such increase or decrease will apply only to the Holder and the other Attribution Parties and not to any other holder of Warrants that is not an Attribution Party. For purposes of clarity, the shares of Common Stock underlying Warrants in excess of the Maximum Percentage shall not be deemed to be beneficially owned by the Holder for any purpose including for purposes of Section 13(d) or Rule 16a-1(a)(1) of the Exchange Act. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 1(f) to the extent necessary to correct this paragraph or any portion of this paragraph which may be defective or inconsistent with the intended beneficial ownership limitation contained in this Section 1(f) or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitation contained in this paragraph may not be waived and shall apply to a successor holder of this Warrant Certificate.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q QSB or Form 10-KKSB, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not effect the exercise of any portion of this Warrant, and the Holder shall not have the right or the obligation to purchase shares exercise any portion of Common Stock under this Agreement Warrant, to the extent that after giving effect to such purchase exercise, the Buyer Holder together with its affiliates the other Attribution Parties collectively would beneficially own in excess of 9.94.99% (the “Maximum Percentage”) of the outstanding shares of the Common Stock following outstanding immediately after giving effect to such purchaseexercise. For purposes hereofof the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned by the Buyer Holder and its affiliates or acquired by the Buyer and its affiliates, as the case may be, other Attribution Parties shall include the number of shares of Common Stock held by the Holder and all other Attribution Parties plus the number of shares of Common Stock issuable in connection with a purchase under upon exercise of this Agreement Warrant with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase exercise of the remaining Available Amount which has not been submitted for purchaseremaining, unexercised portion of this Warrant beneficially owned by the Holder or any of the other Attribution Parties and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any convertible notes or convertible preferred stock or warrants, including the SPA Warrants) beneficially owned by the Holder or any other Attribution Party subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatesin this Section 1(f). For purposes of this SectionSection 1(f), beneficial ownership shall be calculated in accordance with Section 13(d) of the 1934 Act. For purposes of determining the number of outstanding shares of Common Stock the Buyer Holder may acquire upon the exercise of this Warrant without exceeding the Maximum Percentage, the Holder may rely on the number of outstanding shares of Common Stock as reflected in (1x) the Company's ’s most recent Form 10-Q or Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing with the Securities and Exchange Commission (the “SEC”), as the case may be, (2y) a more recent public announcement by the Company or (3) any other written communication notice by the Company or its the Transfer Agent setting forth the number of shares of Common Stock outstandingoutstanding (the “Reported Outstanding Share Number”). Upon If the reasonable Company receives an Exercise Notice from a Holder at a time when the actual number of outstanding shares of Common Stock is less than the Reported Outstanding Share Number, the Company shall (i) notify such Holder in writing of the number of shares of Common Stock then outstanding and, to the extent that such Exercise Notice would otherwise cause the Holder’s beneficial ownership, as determined pursuant to this Section 1(f), to exceed the Maximum Percentage, the Holder must notify the Company of a reduced number of Warrant Shares to be purchased pursuant to such Exercise Notice (the number of shares by which such purchase is reduced, the “Reduction Shares”) and (ii) as soon as reasonably practicable, the Company shall return to the Holder any exercise price paid by the Holder for the Reduction Shares. For any reason at any time, upon the written or oral request of the BuyerHolder, the Company shall promptly within one (1) Business Day confirm orally and in writing or by electronic mail to the Buyer Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under the conversion or exercise of securities of the Company, including this Agreement Warrant, by the Buyer Holder and any other Attribution Party since the date as of which such the Reported Outstanding Share Number was reported. In the event that the issuance of shares of Common Stock to the Holder upon exercise of this Warrant results in the Holder and the other Attribution Parties being deemed to beneficially own, in the aggregate, more than the Maximum Percentage of the number of outstanding shares of Common Stock was reported. Except (as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with under Section 13(d) of the Securities Exchange Act 1934 Act), the number of 1934shares so issued by which the Holder’s and the other Attribution Parties’ aggregate beneficial ownership exceeds the Maximum Percentage (the “Excess Shares”) shall be deemed null and void and shall be cancelled ab initio, and the Holder shall not have the power to vote or to transfer the Excess Shares. As soon as amended.reasonably practicable after the issuance of the Excess Shares has been deemed null and void, the Company shall return to the Holder the exercise price paid by the Holder for the Excess Shares. Upon delivery of a written notice to the Company, the Holder may from time to time increase (with such increase not effective until the sixty-first (61st) day after delivery of such notice) or decrease the Maximum Percentage to any other percentage not in excess of 4.99% as specified in such notice; provided that (i) any such increase in the Maximum Percentage will not be effective until the sixty-first (61st) day after such notice is delivered to the Company and (ii) any such increase or decrease will apply only to the Holder and the other Attribution Parties and not to any other holder of SPA Warrants that is not an Attribution Party. For purposes of clarity, the shares of Common Stock underlying this Warrant in excess of the Maximum Percentage shall not be deemed to be beneficially owned by the Holder for any purpose including for purposes of Section 13(d) or Rule 16a-1(a)(1) of the 1934 Act. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 1(f) to the extent necessary to correct this paragraph or any portion of this paragraph which may be defective or inconsistent with the intended beneficial ownership limitation contained in this Section 1(f) or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitation contained in this paragraph may not be waived and shall apply to a successor holder of this Warrant

Limitation on Beneficial Ownership. The Buyer Company shall not be ---------------------------------- required to effect any conversion of Series 7 Preferred Shares and no holder of Preferred Shares shall have the right or the obligation to purchase shares of Common Stock under this Agreement convert any Series 7 Preferred Shares pursuant to Section 2 to the extent that after giving effect to such purchase the Buyer conversion such person (together with its affiliates such person's affiliates) would beneficially own in excess of 9.95.00% or more of the outstanding shares of the Common Stock following such purchaseconversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement upon conversion of the Series 7 Preferred Shares with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1i) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, unconverted Series 7 Preferred Shares beneficially owned by such person and its affiliates and (2ii) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer such person and its affiliates. For Except as set forth in the preceding sentence, for purposes of this SectionSection 2(d), beneficial ownership shall be calculated in determining accordance with Section 13(d) of the number Securities Exchange Act of outstanding shares 1934, as amended. A holder of Common Stock preferred Shares may waive the Buyer may rely on restrictions of this paragraph only upon not less than 61 days prior written notice to the number Company (with such waiver taking effect only upon the expiration of such 61 day notice period). Notwithstanding anything to the contrary contained herein, each Conversion Notice (as defined below) shall constitute a representation by the holder submitting such Conversion Notice that, after giving effect to such Conversion Notice, the holder will not beneficially own (as determined in accordance with this Section 2(d)) more than 5.00% of the outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a or more recent public announcement press release or other public notice by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall Issuer will not effect and will have the right or the no obligation to purchase shares effect any conversion of Common Stock under this Agreement Note, and the Holder will have no right to convert any portion of this Note, to the extent that after giving effect to such purchase conversion, the Buyer beneficial owner of such shares (together with its affiliates such person’s affiliates) would beneficially own in excess have acquired, through conversion of 9.9this Note or otherwise, beneficial ownership of a number of shares of Common Stock that exceeds [4.99% / 9.99%] (“Maximum Percentage”) of the outstanding number of shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under upon conversion of this Agreement Note with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted portion of this Note beneficially owned by such person or any of its affiliates and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company Issuer (including, without limitation, any notes or warrantsWarrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and such person or any of its affiliates. Except as set forth in the preceding sentence, for purposes of this Section 3.5, beneficial ownership will be calculated in accordance with Section 13(d) of the Exchange Act. For purposes of this SectionSection 3.5, in determining the number of outstanding shares of Common Stock the Buyer Stock, a Holder may rely on the number of outstanding shares of outstanding Common Stock as reflected in (1) the Company's Issuer’s most recent Form 8-K, Form 10-Q Q, Form 10-QSB, Form 10-K or Form 10-K, KSB as the case may be, (2) a more recent public announcement by the Company Issuer, or (3) any other written communication notice by the Company Issuer or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of any Holder, Issuer will promptly, but in no event later than 2 business days following the Buyerreceipt of such notice, the Company shall promptly confirm orally and in writing to the Buyer any such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall will be determined after giving effect to any purchases under this Agreement conversions of Preferred Shares by the Buyer such Holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth hereinBy written notice to Issuer, for purposes the Holder may increase or decrease the Maximum Percentage to any other percentage not in excess of this Section 1(d)(i)9.99% specified in such notice, beneficial ownership shall but (i) any such increase will not be determined in accordance with Section 13(deffective until the sixty-first (61st) of day after such notice is delivered to Issuer, and (ii) any such increase or decrease will apply only to the Securities Exchange Act of 1934, as amendedHolder and not to any other Holder.

Limitation on Beneficial Ownership. The Buyer (i) Except as provided otherwise in this Section 8(d)(i), the number of Conversion Shares that may be acquired by the Holder shall not have the right or the obligation to purchase shares of Common Stock under this Agreement be limited to the extent that necessary to insure that, after giving effect to such purchase conversion (or deemed conversion for voting purposes), the Buyer together with number of shares of Common Stock then beneficially owned by the Holder and its affiliates and any other persons or entities whose beneficial ownership of Common Stock would beneficially own be aggregated with the Holder’s for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (including shares held by any “group” of which the Holder is a member, but, for avoidance of doubt, excluding shares of Common Stock issuable upon conversion or exercise of securities or rights to acquire securities that have limitations on the right to convert, exercise or purchase similar to the limitation set forth herein) does not exceed 4.99% (the “Maximum Percentage”) of the total number of shares of Common Stock of the Company issued and outstanding immediately after giving effect to such conversion (or deemed conversion for voting purposes) (the “Beneficial Ownership Cap”). Upon delivery of a written notice to the Company, the Holder may from time to time increase or decrease the Maximum Percentage to any other percentage not in excess of 9.99.99% as specified in such notice; provided that (i) any such increase in the Maximum Percentage will not be effective until the sixty-first (61st) day after such notice is delivered to the Company and (ii) any such increase or decrease will apply only to the Holder and its Affiliates and not to any other holder of the outstanding shares of the Common Stock following such purchasecontemporaneously issued Notes that is not an Affiliate. For purposes hereof, “group” has the meaning set forth in Section 13(d) of the Exchange Act and applicable regulations of the Securities and Exchange Commission, and the percentage held by the Holder shall be determined in a manner consistent with the provisions of Section 13(d) of the Exchange Act. As used herein, the term “Affiliate” means any person or entity that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a person or entity, as such terms are used in and construed under Rule 144 under the Securities Act. With respect to the Holder, any investment fund or managed account that is managed on a discretionary basis by the same investment manager as the Holder will be deemed to be an affiliate of the Holder. In the event the Company is prohibited from issuing shares of Common Stock as a result of any restrictions or prohibitions under applicable law or the rules or regulations of any stock exchange, interdealer quotation system or other self-regulatory organization, the Company shall as soon as possible seek the approval of its stockholders and take such other action to authorize the issuance of the full number of shares of Common Stock issuable upon the full conversion of this Note. (ii) For purposes of the foregoing, the number of shares of Common Stock beneficially owned by the Buyer Holder and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under upon conversion of this Agreement Note with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted shares under this Note beneficially owned by such Person or any of its affiliates and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any other notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein in this Section beneficially owned by the Buyer and Holder or any of its affiliates. Except as set forth in the preceding sentence, for purposes of this Section 8(d), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act. For purposes of this SectionSection 8(d), in determining the number of outstanding shares of Common Stock the Buyer Stock, Holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's ’s most recent Form 10-Q K, Form 10-Q, or Form 108-K, as the case may be, (2) a more recent public announcement by the Company Company, or (3) any other written communication notice by the Company or its the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon For any reason at any time, upon the reasonable written or oral request of the BuyerHolder, the Company shall promptly within one (1) Business Day following the receipt of such notice, confirm orally and in writing to the Buyer any such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases the conversion or exercise of securities of the Company, including conversions under this Agreement Note (or deemed conversion, as applicable), by the Buyer Holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes In the event that the Company cannot issue any shares of Common Stock to a Holder solely by reason of this Section 1(d)(i8(d) (such shares, the “Limited Shares”), notwithstanding anything to the contrary contained herein, the Company shall hold any such Limited Shares in abeyance for such Holder until such time, if ever, that the delivery of such Limited Shares shall not cause the Holder to exceed the Beneficial Ownership Cap, at which time such Holder shall be delivered such Limited Shares to the extent as if there had been no such limitation. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 8(d) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amendedlimitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase Purchase Notice under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Notwithstanding anything herein to the contrary, the Company shall not effect and shall have no obligation to effect any conversion of any Debenture, and no holder of Debentures shall have the right or the obligation to purchase shares of Common Stock under this Agreement convert any Debentures, to the extent that after giving effect to such purchase conversion, the Buyer beneficial owner of such shares (together with its affiliates such Person's Affiliates) would beneficially own in excess have acquired, through conversion of 9.9Debentures or otherwise, beneficial ownership of a number of shares of Common Stock that exceeds 9.99% of the outstanding number of shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a Person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement upon conversion of the Debentures with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted Debentures beneficially owned by such Person or any of its Affiliates and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and such Person or any of its affiliates. Except as set forth in the preceding sentence, for purposes of this Section 15.7, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act. For purposes of this SectionSection 15.7, in determining the number of outstanding shares of Common Stock the Buyer Stock, a holder of Debentures may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Q, Form 10-KK or other public filing with the Commission, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication notice by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyerany holder, the Company shall promptly promptly, but in no event later than one (1) Business Day following the receipt of such notice, confirm orally and in writing to the Buyer such holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement conversions of Debentures by the Buyer holder and its Affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall Company will not effect and will have the right or the no obligation to purchase shares effect any exercise of Common Stock under this Agreement Warrant, and the Holder will have no right to convert any portion of this Note, to the extent that after giving effect to such purchase conversion, the Buyer beneficial owner of such shares (together with its affiliates such person’s affiliates) would beneficially own in excess have acquired, through exercise of 9.9this Warrant or otherwise, beneficial ownership of a number of shares of Common Stock that exceeds [4.99% / 9.99%] (“Maximum Percentage”) of the outstanding number of shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under upon exercise of this Agreement Warrant with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase exercise of the remaining Available Amount which has not been submitted for purchaseremaining, non-exercised portion of this Warrant beneficially owned by such person or any of its affiliates and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrantsthe Notes) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and such person or any of its affiliates. Except as set forth in the preceding sentence, for purposes of this Section 6, beneficial ownership will be calculated in accordance with Section 13(d) of the Exchange Act. For purposes of this SectionSection 6, in determining the number of outstanding shares of Common Stock the Buyer Stock, a Holder may rely on the number of outstanding shares of outstanding Common Stock as reflected in (1) the Company's ’s most recent Form 8-K, Form 10-Q Q, Form 10-QSB, Form 10-K or Form 10-K, KSB as the case may be, (2) a more recent public announcement by the Company Company, or (3) any other written communication notice by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyerany Holder, the Company shall promptly will promptly, but in no event later than 2 business days following the receipt of such notice, confirm orally and in writing to the Buyer any such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall will be determined after giving effect to any purchases under this Agreement conversions of preferred shares by the Buyer such Holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth hereinBy written notice to the Company, for purposes the Holder may increase or decrease the Maximum Percentage to any other percentage not in excess of this Section 1(d)(i)9.99% specified in such notice, beneficial ownership shall but (i) any such increase will not be determined in accordance with Section 13(deffective until the sixty-first (61st) of day after such notice is delivered to the Securities Exchange Act of 1934Company, as amendedand (ii) any such increase or decrease will apply only to the Holder and not to any other Holder.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount or the Company's Mandatory Purchase Rights as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not effect and shall have no obligation to effect any conversion of Debentures, and no holder of Debentures shall have the right or the obligation to purchase shares of Common Stock under this Agreement convert any Debentures, to the extent that after giving effect to such purchase conversion, the Buyer beneficial owner of such shares (together with its affiliates such Person's affiliates) would beneficially own in excess have acquired, through conversion of 9.9Debentures or otherwise, beneficial ownership of a number of shares of Common Stock that exceeds 9.99% of the outstanding number of shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a Person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement upon conversion of the Debentures with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted Debentures beneficially owned by such Person or any of its affiliates and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and such Person or any of its affiliates. Except as set forth in the preceding sentence, for purposes of this Section 11, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended. For purposes of this SectionSection 11, in determining the number of outstanding shares of Common Stock the Buyer Stock, a holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Q, Form 10-KK or other public filing with the SEC, as the case may be, (2) a more recent public announcement by the Company Company, or (3) any other written communication notice by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the BuyerHolder, the Company shall promptly promptly, but in no event later than two (2) Business Days following the receipt of such notice, confirm orally and in writing to the Buyer Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement conversions of Debentures by the Buyer Holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not effect any exercise of the Warrant, and the Holder shall not have the right or to exercise any of the obligation to purchase shares of Common Stock under this Agreement Warrant, to the extent that after giving effect to such purchase exercise, the Buyer beneficial owner of such shares (together with its affiliates such person’s affiliates) would beneficially own in excess of 9.9% have acquired, through exercise of the outstanding shares Warrant or otherwise, beneficial ownership of the Common Stock following such purchase. For purposes hereof, the a number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include that exceeds 9.9% (“maximum percentage”) of the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect common stock outstanding immediately after giving effect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatessuch conversion. For purposes of this SectionSection 17, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended. For purposes of this Section 17, in determining the number of outstanding shares of Common Stock Stock, the Buyer Holder may rely on the number of outstanding shares of Common Stock common stock as reflected in (1) the Company's ’s most recent Form 10-Q K, Form 10-KSB, Form 10-Q, Form 10-QSB or Form 108-K, as the case may be, (2) a more recent public announcement by the Company Company, or (3) any other written communication notice by the Company or its Transfer Agent the transfer agent setting forth the number of shares of Common Stock outstandingoutstanding for any reason at any time. Upon the reasonable written or oral request of the BuyerHolder, the Company shall promptly promptly, but in any event within two (2) Trading Days, following the receipt of such notice, confirm orally and or in writing (including electronic mail) to the Buyer Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement the conversion or exercise of securities of the Company, including the Warrant, by the Buyer Holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth hereinBy written notice to the Company, for purposes of this Section 1(d)(i)the Holder may from time to time increase or decrease the maximum percentage to any other percentage specified in such notice; provided that (i) any such increase will not be effective until the sixty-first (61 st) day after such notice is delivered to the Company, beneficial ownership shall be determined in accordance with Section 13(dand (ii) of any such increase or decrease will apply only to the Securities Exchange Act of 1934, as amendedHolder providing such written notice.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount as otherwise provided in this Agreement (i.e., the Buyer shall continue to pay the Purchase Price for Purchase Shares but the Company shall not issue, and the Buyer shall not be entitled to receive, such applicable Purchase Shares until such time as, and to the extent that, the Buyer is below the 9.9% limitation). For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement Notwithstanding anything to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own contrary set forth in excess this Certificate of 9.9% Designation, at no time may all or a portion of the outstanding shares of the Common Series A Preferred Stock following such purchase. For purposes hereof, be converted if the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliatesto be issued pursuant to such conversion would exceed, as the case may be, shall include the number of when aggregated with all other shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which owned by the determination is being madeHolder at such time, but shall exclude the number of shares of Common Stock which would be result in the Holder beneficially owning (as determined in accordance with Section 13(d) of the 1934 Act and the rules thereunder) more than 4.99% of all of the Common Stock outstanding at such time (the “4.99% Beneficial Ownership Limitation”); provided, however, that upon the Holder providing the Corporation with sixty-one (61) days’ advance notice (the “4.99% Waiver Notice”) that the Holder would like to waive this Section 4(e) with regard to any or all shares of Common Stock issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised Preferred Shares, this Section 4(e) will be of no force or unconverted effect with regard to all or a portion of any other securities the Series A Preferred Stock referenced in the 4.99% Waiver Notice but shall in no event waive the 9.99% Beneficial Ownership Limitation described below. Notwithstanding anything to the contrary set forth in this Certificate of Designation, at no time may all or a portion of the Company (includingPreferred Shares be converted if the number of shares of Common Stock to be issued pursuant to such conversion, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially when aggregated with all other shares of Common Stock owned by the Buyer Holder at such time, would result in the Holder beneficially owning (as determined in accordance with Section 13(d) of the 1934 Act and its affiliatesthe rules thereunder) in excess of 9.99% of the then issued and outstanding shares of Common Stock outstanding at such time (the “9.99% Beneficial Ownership Limitation” and the lower of the 9.99% Beneficial Ownership Limitation and the 4.99% Beneficial Ownership Limitation then in effect, the “Maximum Percentage”)). By written notice to the Company, a holder of Preferred Shares may from time to time decrease the Maximum Percentage to any other percentage specified in such notice. For purposes of this Sectionhereof, in determining the number of outstanding shares of Common Stock Stock, the Buyer Holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's ’s most recent Form 10-Q or K, Form 10-KQ, Current Report on Form 8-K or other public filing with the Securities and Exchange Commission, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication notice by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon For any reason at any time, upon the reasonable written or oral request of the Buyera holder of Preferred Shares, the Company shall promptly within three (3) Business Days confirm orally and in writing to the Buyer such holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement the conversion or exercise of securities of the Company, including the Preferred Shares, by the Buyer Holder and its Affiliates since the date as of which such number of outstanding shares of Common Stock was reported, which in any event are convertible or exercisable, as the case may be, into shares of the Company’s Common Stock within 60 days’ of such calculation and which are not subject to a limitation on conversion or exercise analogous to the limitation contained herein. Except as The provisions of this paragraph shall be construed and implemented in a manner otherwise set forth herein, for purposes than in strict conformity with the terms of this Section 1(d)(i), 4(e) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amendedlimitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation.

Limitation on Beneficial Ownership. The Buyer Corporation shall not effect the conversion of any of the Preferred Shares held by a Holder, and such Holder shall not have the right or to convert any of the obligation Preferred Shares held by such Holder pursuant to purchase shares the terms and conditions of Common Stock under this Agreement Certificate of Designations and any such conversion shall be null and void and treated as if never made, to the extent that after giving effect to such purchase the Buyer conversion, such Holder together with its affiliates the other Attribution Parties collectively would beneficially own in excess of 9.94.99% (the “Maximum Percentage”) of the outstanding shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion (which provision may be waived by such Holder by written notice from such Holder to the Corporation, which notice shall be effective 61 calendar days after the date of such notice). For purposes hereofof the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned by such Holder and the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, other Attribution Parties shall include the number of shares of Common Stock held by such Holder and all other Attribution Parties plus the number of shares of Common Stock issuable in connection with a purchase under this Agreement upon conversion of the Preferred Shares with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted Preferred Shares beneficially owned by such Holder or any of the other Attribution Parties and (2B) exercise or conversion of the unexercised or unconverted nonconverted portion of any other securities of the Company Corporation (includingincluding any convertible notes, without limitation, any notes convertible preferred stock or warrants, including the Warrants) beneficially owned by such Holder or any other Attribution Party subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatesin this Section 4(d). For purposes of this SectionSection 4(d), beneficial ownership shall be calculated in accordance with Section 13(d) of the 1934 Act. For purposes of determining the number of outstanding shares of Common Stock a Holder may acquire upon the Buyer conversion of such Preferred Shares without exceeding the Maximum Percentage, such Holder may rely on the number of outstanding shares of Common Stock as reflected in (1x) the Company's Corporation’s most recent Form 10-Q or Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing with the SEC, as the case may be, (2y) a more recent public announcement by the Company Corporation or (3z) any other written communication notice by the Company Corporation or its the Transfer Agent Agent, if any, setting forth the number of shares of Common Stock outstandingoutstanding (the “Reported Outstanding Share Number”). Upon If the reasonable Corporation receives a Conversion Notice from a Holder at a time when the actual number of outstanding shares of Common Stock is less than the Reported Outstanding Share Number, the Corporation shall notify such Holder in writing of the number of shares of Common Stock then outstanding and, to the extent that such Conversion Notice would otherwise cause such Holder’s beneficial ownership, as determined pursuant to this Section 4(d), to exceed the Maximum Percentage, such Holder must notify the Corporation of a reduced number of shares of Common Stock to be purchased pursuant to such Conversion Notice. For any reason at any time, upon the written or oral request of the Buyerany Holder, the Company Corporation shall promptly within one (1) Business Day confirm orally and in writing or by electronic mail to the Buyer such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Corporation, including such Preferred Shares, by such Holder and any purchases under this Agreement by the Buyer other Attribution Party since the date as of which the Reported Outstanding Share Number was reported. In the event that the issuance of shares of Common Stock to a Holder upon conversion of such Preferred Shares results in such Holder and the other Attribution Parties being deemed to beneficially own, in the aggregate, more than the Maximum Percentage of the number of outstanding shares of Common Stock was reported. Except (as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with under Section 13(d) of the 1934 Act), the number of shares so issued by which such Holder’s and the other Attribution Parties’ aggregate beneficial ownership exceeds the Maximum Percentage (the “Excess Shares”) shall be deemed null and void and shall be cancelled ab initio, and such Holder shall not have the power to vote or to transfer the Excess Shares. Upon delivery of a written notice to the Corporation, the Holder may from time to time increase (with such increase not effective until the sixty-first (61st) day after delivery of such notice) or decrease the Maximum Percentage to any other percentage as specified in such notice; provided that (i) any such increase in the Maximum Percentage will not be effective until the sixty-first (61st) day after such notice is delivered to the Corporation and (ii) any such increase or decrease will apply only to the Holder and the other Attribution Parties and not to any other holder of Securities Exchange Act that is not an Attribution Party of 1934the Holder. For purposes of clarity, as amendedthe shares of Common Stock issuable to a Holder pursuant to the terms of this Certificate of Designations in excess of the Maximum Percentage shall not be deemed to be beneficially owned by such Holder for any purpose including for purposes of Section 13(d) or Rule 16a-1(a)(1) of the 1934 Act. No prior inability to convert such Preferred Shares pursuant to this paragraph shall have any effect on the applicability of the provisions of this paragraph with respect to any subsequent determination of convertibility. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 4(d) to the extent necessary to correct this paragraph (or any portion of this paragraph) which may be defective or inconsistent with the intended beneficial ownership limitation contained in this Section 4(d) or to make changes or supplements necessary or desirable to properly give effect to such limitation.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q QSB or Form 10-KKSB or any other SEC filing, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any purchase under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase Purchase Notice under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Monthly Base Amount or the Company's Mandatory Purchase Rights as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i1(d)(ii), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Corporation shall not effect the conversion of any of the Preferred Shares held by a Holder, and such Holder shall not have the right or to convert any of the obligation Preferred Shares held by such Holder pursuant to purchase shares the terms and conditions of Common Stock under this Agreement Certificate of Designations and any such conversion shall be null and void and treated as if never made, to the extent that after giving effect to such purchase the Buyer together with its affiliates conversion, such Holder would beneficially own in excess of 9.94.99% (the “Maximum Percentage”) of the outstanding shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion (which provision may be waived by such Holder by written notice from such Holder to the Corporation, which notice shall be effective 61 calendar days after the date of such notice). For purposes hereofof the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, such Holder shall include the number of shares of Common Stock held by such Holder plus the number of shares of Common Stock issuable in connection with a purchase under this Agreement upon conversion of the Preferred Shares with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted Preferred Shares beneficially owned by such Holder and (2B) exercise or conversion of the unexercised or unconverted nonconverted portion of any other securities of the Company Corporation (includingincluding any convertible notes, without limitation, any notes convertible preferred stock or warrants, including the Warrants) beneficially owned by such Holder subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatesin this Section 4(d). For purposes of this SectionSection 4(d), beneficial ownership shall be calculated in accordance with Section 13(d) of the 1934 Act. For purposes of determining the number of outstanding shares of Common Stock a Holder may acquire upon the Buyer conversion of such Preferred Shares without exceeding the Maximum Percentage, such Holder may rely on the number of outstanding shares of Common Stock as reflected in (1x) the Company's Corporation’s most recent Form 10-Q or Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing with the SEC, as the case may be, (2y) a more recent public announcement by the Company Corporation or (3z) any other written communication notice by the Company Corporation or its the Transfer Agent Agent, if any, setting forth the number of shares of Common Stock outstandingoutstanding (the “Reported Outstanding Share Number”). Upon If the reasonable Corporation receives a Conversion Notice from a Holder at a time when the actual number of outstanding shares of Common Stock is less than the Reported Outstanding Share Number, the Corporation shall notify such Holder in writing of the number of shares of Common Stock then outstanding and, to the extent that such Conversion Notice would otherwise cause such Holder’s beneficial ownership, as determined pursuant to this Section 4(d), to exceed the Maximum Percentage, such Holder must notify the Corporation of a reduced number of shares of Common Stock to be purchased pursuant to such Conversion Notice. For any reason at any time, upon the written or oral request of the Buyerany Holder, the Company Corporation shall promptly within one (1) Business Day confirm orally and in writing or by electronic mail to the Buyer such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement the conversion or exercise of securities of the Corporation, including such Preferred Shares, by the Buyer such Holder since the date as of which the Reported Outstanding Share Number was reported. In the event that the issuance of shares of Common Stock to a Holder upon conversion of such Preferred Shares results in such Holder being deemed to beneficially own, in the aggregate, more than the Maximum Percentage of the number of outstanding shares of Common Stock was reported. Except (as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with under Section 13(d) of the Securities Exchange Act 1934 Act), the number of 1934shares so issued by which such Holder’s aggregate beneficial ownership exceeds the Maximum Percentage (the “Excess Shares”) shall be deemed null and void and shall be cancelled ab initio, as amendedand such Holder shall not have the power to vote or to transfer the Excess Shares. For purposes of clarity, the shares of Common Stock issuable to a Holder pursuant to the terms of this Certificate of Designations in excess of the Maximum Percentage shall not be deemed to be beneficially owned by such Holder for any purpose including for purposes of Section 13(d) or Rule 16a-1(a)(1) of the 1934 Act. No prior inability to convert such Preferred Shares pursuant to this paragraph shall have any effect on the applicability of the provisions of this paragraph with respect to any subsequent determination of convertibility. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 4(d) to the extent necessary to correct this paragraph (or any portion of this paragraph) which may be defective or inconsistent with the intended beneficial ownership limitation contained in this Section 4(d) or to make changes or supplements necessary or desirable to properly give effect to such limitation. The provisions of this Section 4(d) shall be of no further force or effect if the Holder participates in a subsequent transaction with the Corporation which results in the Holder beneficially owning in excess of 4.99% of the number of shares of the Common Stock outstanding which shall include securities convertible into Common Stock which do not contain a beneficial ownership limitation.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not affect or limit the Buyer’s obligation to purchase the Daily Purchase Amount as otherwise provided in this Agreement. Specifically, even though the Buyer may not receive additional shares of Common Stock in the event that the 9.9% limitation is ever reached, the Buyer is still obligated to pay to the Company the Daily Purchase Amount on each Trading Day as otherwise obligated under this Agreement, e.g. no Event of Default (as defined in Section 9 hereof) has occurred, nor any event which, after notice and/or lapse of time, would become an Event of Default. Under such circumstances, the Buyer would have the right to acquire additional shares of Common Stock in the future only at such time as its ownership subsequently become less than the 9.9% limitation. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's ’s most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 9.9% limitation is ever reached this shall not affect or limit the Buyer's obligation to purchase the Daily Purchase Amount as otherwise provided in this Agreement. Specifically, even though the Buyer may not receive additional shares of Common Stock in the event that the 9.9% limitation is ever reached, the Buyer is still obligated to pay to the Company the Daily Purchase Amount on each Trading Day as otherwise obligated under this Agreement, e.g. no Event of Default (as defined in Section 9 hereof) has occurred, nor any event which, after notice and/or lapse of time, would become an Event of Default. Under such circumstances, the Buyer would have the right to acquire additional shares of Common Stock in the future only at such time as its ownership subsequently becomes less than the 9.9% limitation. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 9.9% limitation is ever reached the Company shall have the option to increase such limitation above 9.9% by delivery of written notice to the Buyer which shall be effective (10) Trading Days after receipt by the Buyer. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any purchase under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i1(d)(ii), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock subscribe for ADSs under this Agreement to the extent that after giving effect to such purchase subscription the Buyer together with its affiliates would beneficially own in excess of 9.9% of the Company’s issued and outstanding shares of the Common Stock Ordinary Shares following such purchasesubscription. For purposes hereof, the number of shares of Common Stock Ordinary Shares beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock Ordinary Shares issuable in connection with a purchase subscription under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock Ordinary Shares which would be issuable upon (1) a purchase of subscription for the remaining Available Amount which has not been submitted for purchasesubscription, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 9.9% limitation is ever reached the Company shall have the option to increase such limitation above 9.9% by delivery of written notice to the Buyer which shall be effective twenty (20) Trading Days after receipt by the Buyer. For purposes of this Section, in determining the number of issued and outstanding shares of Common Stock Ordinary Shares the Buyer may rely on the number of issued and outstanding Ordinary shares of Common Stock as reflected in (1) the Company's ’s most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.Ordinary Shares issued and

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, purchase and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's ’s most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall Issuer will not effect and will have the right or the no obligation to purchase shares effect any conversion of Common Stock under this Agreement Note, and the Holder will have no right to convert any portion of this Note, to the extent that after giving effect to such purchase conversion, the Buyer beneficial owner of such shares (together with its affiliates such person’s affiliates) would beneficially own in excess have acquired, through conversion of 9.9this Note or otherwise, beneficial ownership of a number of shares of Common Stock that exceeds 9.99% (“Maximum Percentage”) of the outstanding number of shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under upon conversion of this Agreement Note with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted portion of this Note beneficially owned by such person or any of its affiliates and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company Issuer (including, without limitation, any notes or warrantsWarrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and such person or any of its affiliates. Except as set forth in the preceding sentence, for purposes of this Section 3.5, beneficial ownership will be calculated in accordance with Section 13(d) of the Exchange Act. For purposes of this SectionSection 3.5, in determining the number of outstanding shares of Common Stock the Buyer Stock, a Holder may rely on the number of outstanding shares of outstanding Common Stock as reflected in (1) the Company's Issuer’s most recent Form 8-K, Form 10-Q Q, Form 10-QSB, Form 10-K or Form 10-K, KSB as the case may be, (2) a more recent public announcement by the Company Issuer, or (3) any other written communication notice by the Company Issuer or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of any Holder, Issuer will promptly, but in no event later than 2 business days following the Buyerreceipt of such notice, the Company shall promptly confirm orally and in writing to the Buyer any such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall will be determined after giving effect to any purchases under this Agreement conversions of Preferred Shares by the Buyer such Holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth hereinBy written notice to Issuer, for purposes the Holder may increase or decrease the Maximum Percentage to any other percentage not in excess of this Section 1(d)(i)9.99% specified in such notice, beneficial ownership shall but (i) any such increase will not be determined in accordance with Section 13(deffective until the sixty-first (61st) of day after such notice is delivered to Issuer, and (ii) any such increase or decrease will apply only to the Securities Exchange Act of 1934, as amendedHolder and not to any other Holder.

Limitation on Beneficial Ownership. The Buyer With respect to holders of Debentures (other than Investcorp) that are beneficial owners as of the Closing Date of less than ten (10) percent of the Common Stock outstanding, the Company shall not effect and shall have no obligation to effect any conversion of Debentures or otherwise issue any Common Stock, and no holder of Debentures shall have the right to convert any Debentures or otherwise require the obligation to purchase shares issuance of Common Stock under this Agreement Stock, to the extent that after giving effect to such purchase conversion or other issuance, the Buyer beneficial owner of such shares (together with its affiliates such Person's affiliates) would beneficially own in excess have acquired, through conversion of 9.9Debentures or otherwise, beneficial ownership of a number of shares of Common Stock that exceeds 9.99% of the outstanding number of shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion; provided, however, that the Holder may waive this restriction upon not less than sixty-one (61) days' prior written notice to the Company. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a Person and its affiliates or acquired shall be determined in good faith in accordance with applicable securities laws by the Buyer and its affiliatesholder of Debentures. For Purposes of this Section, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatesamended. For purposes of this SectionSection 12, in determining the number of outstanding shares of Common Stock the Buyer Stock, a holder of Debentures may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Q, Form 10-KK or other public filing with the SEC, as the case may be, (2) a more recent public announcement by the Company Company, or (3) any other written communication notice by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the BuyerHolder, the Company shall promptly promptly, but in no event later than one (1) Business Day following the receipt of such notice, confirm orally and in writing to the Buyer Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement conversions of Debentures by the Buyer Holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.99% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase Purchase Notice under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.99% limitation is ever reached the Company shall have the option to increase such limitation to 9.99% by delivery of written notice to the Buyer. Thereafter, if the 9.99% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Monthly Base Amount or the Company's Mandatory Purchase Rights as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i1(d)(ii), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall Company will not effect and will have the right or the no obligation to purchase shares effect any exercise of Common Stock under this Agreement Warrant, and the Holder will have no right to convert any portion of this Note, to the extent that after giving effect to such purchase conversion, the Buyer beneficial owner of such shares (together with its affiliates such person’s affiliates) would beneficially own in excess have acquired, through exercise of 9.9this Warrant or otherwise, beneficial ownership of a number of shares of Common Stock that exceeds [4.99% / 9.99%] (“Maximum Percentage”) of the outstanding number of shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under upon exercise of this Agreement Warrant with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase exercise of the remaining Available Amount which has not been submitted for purchaseremaining, non-exercised portion of this Warrant beneficially owned by such person or any of its affiliates and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrantsthe Notes) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and such person or any of its affiliates. Except as set forth in the preceding sentence, for purposes of this Section 6, beneficial ownership will be calculated in accordance with Section 13(d) of the Exchange Act. For purposes of this SectionSection 6, in determining the number of outstanding shares of Common Stock the Buyer Stock, a Holder may rely on the number of outstanding shares of outstanding Common Stock as reflected in (1) the Company's ’s most recent Form 8-K, Form 10-Q Q, Form 10-QSB, Form 10-K or Form 10-K, KSB as the case may be, (2) a more recent public announcement by the Company Company, or (3) any other written communication notice by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyerany Holder, the Company shall promptly will promptly, but in no event later than 2 business days following the receipt of such notice, confirm orally and in writing to the Buyer any such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall will be determined after giving effect to any purchases under this Agreement conversions of preferred shares by the Buyer such Holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth hereinBy written notice to the Company, for purposes the Holder may increase or decrease the Maximum Percentage to any other percentage not in excess of this Section 1(d)(i)[4.99% / 9.99%] specified in such notice, beneficial ownership shall but (i) any such increase will not be determined in accordance with Section 13(deffective until the sixty-first (61st) of day after such notice is delivered to the Securities Exchange Act of 1934Company, as amendedand (ii) any such increase or decrease will apply only to the Holder and not to any other Holder.

Limitation on Beneficial Ownership. The Buyer Company shall not effect any conversion of Convertible Notes and no Buyer of Convertible Notes shall have the right or the obligation to purchase shares convert any Convertible Notes pursuant to Section 2(b) of Common Stock under this Agreement such Convertible Note to the extent that after giving effect to such purchase the conversion such Buyer (together with its affiliates such Buyer's affiliates) (A) would beneficially own in excess of 9.94.9% of the outstanding shares of the Company's Common Stock following such purchaseconversion and (B) would have acquired, through conversion of Convertible Notes or otherwise, in excess of 4.9% of the outstanding shares of the Company's Common Stock following such conversion during the 60-day period ending on and including such date of conversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the a Buyer and its affiliates or acquired by the a Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement upon conversion of the Convertible Notes with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1i) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted Convertible Notes beneficially owned by such Buyer and its affiliates and (2ii) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer such Person and its affiliates. For Except as set forth in the preceding sentence, for purposes of this SectionSection 4(e), beneficial ownership shall be calculated in determining accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended. Notwithstanding anything to the contrary contained herein, each conversion notice shall constitute a representation by the Buyer submitting such conversion notice that, after giving effect to such conversion notice, (A) the holder will not beneficially own (as determined in accordance with this Section 4(e)) and (B) during the 60-day period ending on and including such conversion date, the holder will not have acquired, through conversion of Convertible Notes or otherwise, a number of outstanding shares of Common Stock in excess of 4.9% of the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a or more recent public announcement press release or other public notice by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined but after giving effect to any purchases under this Agreement conversions of Convertible Notes by the Buyer such holder since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any purchase under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement pursuant to Section 2(b) to the extent that after giving effect to such purchase the Buyer such Person (together with its affiliates such Person's affiliates) would beneficially own in excess of 9.94.99% of the outstanding shares of the Common Stock following such purchase. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a Person and its affiliates or acquired by the Buyer a Person and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with upon a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1i) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2ii) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer such Person and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i2(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any purchase under this Agreement and a Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.99% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the a Buyer and its affiliates Affiliates or acquired by the Buyer and its affiliatesAffiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude made and the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities Securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatesWarrants). For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer Buyers may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the a Buyer, the Company shall promptly confirm orally and in writing to the Buyer Buyers the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer Buyers since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Notwithstanding anything to the contrary contained in the Convertible Loan Agreements or in this Amendment, the Lender shall not have the right or the obligation be entitled to purchase convert and/or receive any ordinary shares of Common Stock under this Agreement and/or exercise any warrants, to the extent that (but only to the extent), after giving effect to such purchase the Buyer together with issuance of ordinary shares of the Company, the Lender or any of its affiliates, or Xxxxxx or any of its affiliates (for each of the Lender and Xxxxxx - either individually or collectively) would beneficially own in excess of 9.94.99% of the outstanding number of ordinary shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliatesCompany then outstanding, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined calculated in accordance with Section 13(d) of the Securities Exchange 1934 Act (the “Maximum Percentage”). To the extent the above limitation applies, the determination of 1934whether this any shares shall be issued and/or converted and/or any warrants shall be exercised pursuant to the Convertible Loan Agreements (vis-a-vis any convertible, exercisable or exchangeable securities owned by the Lender or any of its affiliates or by Xxxxxx or any of its affiliates) and of which such securities shall be convertible, exercisable or exchangeable (as amendedamong all such securities owned by the Lender or by Xxxxxx) shall, subject to such Maximum Percentage limitation, be detennined on the basis of the first submission to the Company for conversion, exercise or exchange (as the case may be). No prior inability to convert or exchange any note pursuant to this paragraph shall have any effect on the applicability of the provisions of this paragraph with respect to any subsequent determination of convertibility or exchangeability. For the purposes of this paragraph, beneficial ownership and all determinations and calculations (including, without limitation, with respect to calculations of percentage ownership) shall be detern1ined in accordance with Section 13(d) of the 1934 Act and the rules and regulations promulgated thereunder. The provisions of this paragraph shall be implemented in a manner otherwise than in strict conformity with the terms of this paragraph to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Maximum Percentage beneficial ownership limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such Maximum Percentage limitation, and, in addition, with the intention that Section 328 to the Israeli Companies Law, 1999, shall not apply to any of the transactions contemplated under the Convertible Loan Agreements. The limitations contained in this paragraph shall apply to a successor Xxxxxx or of Xxxxxx. The holders of ordinary shares of the Company shall be third party beneficiaries of this paragraph and the Company may not waive this paragraph without the consent of holders of a majority of its ordinary shares. For any reason at any time, upon the written or oral request of the Lender or of Xxxxxx, the Company shall within two (2) Business Days confirm orally and in writing to the Lender or to Xxxxxx the number of ordinary shares of the Company then outstanding, including by virtue of any prior conversion or exercise or exchange of convertible or exercisable or exchangeable securities into ordinary shares of the Company, including, without limitation, pursuant to the Convertible Loan Agreements or securities issued pursuant to the Convertible Loan Agreements.

Limitation on Beneficial Ownership. The Buyer Corporation shall not effect the conversion of any of the Series B held by a Holder, and such Holder shall not have the right or to convert any of the obligation Series B held by such Holder pursuant to purchase shares the terms and conditions of Common Stock under this Agreement Certificate of Designations and any such conversion shall be null and void and treated as if never made, to the extent that after giving effect to such purchase the Buyer together with its affiliates conversion, such Holder would beneficially own in excess of 9.94.99% (the “Maximum Percentage”) of the outstanding shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion (which provision may be waived by such Holder by written notice from such Holder to the Corporation, which notice shall be effective 61 calendar days after the date of such notice). For purposes hereofof the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, such Holder shall include the number of shares of Common Stock held by such Holder plus the number of shares of Common Stock issuable in connection with a purchase under this Agreement upon conversion of the Series B with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted Series B beneficially owned by such Holder and (2B) exercise or conversion of the unexercised or unconverted nonconverted portion of any other securities of the Company Corporation (includingincluding any convertible notes, without limitation, any notes convertible preferred stock or warrants) beneficially owned by such Holder subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatesin this Section 5(d). For purposes of this SectionSection 5(d), beneficial ownership shall be calculated in accordance with Section 13(d) of the 1934 Act. For purposes of determining the number of outstanding shares of Common Stock a Holder may acquire upon the Buyer conversion of such Series B without exceeding the Maximum Percentage, such Holder may rely on the number of outstanding shares of Common Stock as reflected in (1x) the Company's Corporation’s most recent Form 10-Q or Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing with the SEC, as the case may be, (2y) a more recent public announcement by the Company Corporation or (3z) any other written communication notice by the Company Corporation or its the Transfer Agent Agent, if any, setting forth the number of shares of Common Stock outstandingoutstanding (the “Reported Outstanding Share Number”). Upon If the reasonable Corporation receives a Conversion Notice from a Holder at a time when the actual number of outstanding shares of Common Stock is less than the Reported Outstanding Share Number, the Corporation shall notify such Holder in writing of the number of shares of Common Stock then outstanding and, to the extent that such Conversion Notice would otherwise cause such Holder’s beneficial ownership, as determined pursuant to this Section 5(d), to exceed the Maximum Percentage, such Holder must notify the Corporation of a reduced number of shares of Common Stock to be purchased pursuant to such Conversion Notice. For any reason at any time, upon the written or oral request of the Buyerany Holder, the Company Corporation shall promptly within one (1) Business Day confirm orally and in writing or by electronic mail to the Buyer such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement the conversion or exercise of securities of the Corporation, including such Series B, by the Buyer such Holder since the date as of which the Reported Outstanding Share Number was reported. In the event that the issuance of shares of Common Stock to a Holder upon conversion of such Series B results in such Holder being deemed to beneficially own, in the aggregate, more than the Maximum Percentage of the number of outstanding shares of Common Stock was reported. Except (as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with under Section 13(d) of the Securities Exchange Act 1934 Act), the number of 1934shares so issued by which such Holder’s beneficial ownership exceeds the Maximum Percentage (the “Excess Shares”) shall be deemed null and void and shall be cancelled ab initio, as amendedand such Holder shall not have the power to vote or to transfer the Excess Shares. For purposes of clarity, the shares of Common Stock issuable to a Holder pursuant to the terms of this Certificate of Designations in excess of the Maximum Percentage shall not be deemed to be beneficially owned by such Holder for any purpose including for purposes of Section 13(d) or Rule 16a-1(a)(1) of the 1934 Act. No prior inability to convert such Series B pursuant to this paragraph shall have any effect on the applicability of the provisions of this paragraph with respect to any subsequent determination of convertibility. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 5(d) to the extent necessary to correct this paragraph (or any portion of this paragraph) which may be defective or inconsistent with the intended beneficial ownership limitation contained in this Section 5(d) or to make changes or supplements necessary or desirable to properly give effect to such limitation. The provisions of this Section 5(d) shall be of no further force or effect if the Holder participates in a subsequent transaction with the Corporation which results in the Holder beneficially owning in excess of 4.99% of the number of shares of the Common Stock outstanding which shall include securities convertible into Common Stock which do not contain a beneficial ownership limitation.

Limitation on Beneficial Ownership. The Buyer shall not have Notwithstanding anything to the right contrary set forth in this Certificate of Designation, at no time may all or a portion of the obligation to purchase Series R Preferred Stock be converted if the number of shares of Common Stock under this Agreement to the extent that after giving effect be issued pursuant to such purchase the Buyer together conversion would exceed, when aggregated with its affiliates would beneficially own in excess of 9.9% of the outstanding all other shares of the Common Stock following owned by the Holder at such purchase. For purposes hereoftime, the number of shares of Common Stock that would result in the Holder beneficially owned by owning (as determined in accordance with Section 13(d) of the Buyer and its affiliates or acquired by the Buyer and its affiliatesSecurities Exchange Act of 1934, as amended (the case “1934 Act”), and the rules thereunder) more than 4.99% of all of the Common Stock outstanding at such time (the “4.99% Beneficial Ownership Limitation”); provided, however, that, upon the Holder providing the Corporation with sixty-one (61) days’ advance notice (the “4.99% Waiver Notice”) that the Holder would like to waive this Section 6(d) with regard to any or all shares of Common Stock issuable upon conversion of the Series R Preferred Stock, this Section 6(d) will be of no force or effect with regard to all or a portion of the Series R Preferred Stock referenced in the 4.99% Waiver Notice but shall in no event waive the 9.99% Beneficial Ownership Limitation described below. Notwithstanding anything to the contrary set forth in this Certificate of Designation, at no time may be, shall include all or a portion of the Series R Preferred Stock be converted if the number of shares of Common Stock issuable in connection to be issued pursuant to such conversion, when aggregated with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of all other shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer Holder at such time, would result in the Holder beneficially owning (as determined in accordance with Section 13(d) of the 1934 Act and its affiliatesthe rules thereunder) in excess of 9.99% of the then-issued and outstanding shares of Common Stock outstanding at such time (the “9.99% Beneficial Ownership Limitation” and the lower of the 9.99% Beneficial Ownership Limitation and the 4.99% Beneficial Ownership Limitation then in effect, the “Maximum Percentage”). By written notice to the Company, a holder of Series R Preferred Stock may from time to time decrease the Maximum Percentage to any other percentage specified in such notice. For purposes of this Sectionhereof, in determining the number of outstanding shares of Common Stock Stock, the Buyer Holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's ’s most recent Form 10-Q or Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing with the Securities and Exchange Commission, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication notice by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon For any reason at any time, upon the reasonable written or oral request of the Buyera holder of Series R Preferred Stock, the Company shall promptly within three (3) Business Days confirm orally and in writing to the Buyer such holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement the conversion or exercise of securities of the Company, including the Series R Preferred Stock, by the Buyer Holder and its Affiliates (as defined under the Securities Act) since the date as of which such number of outstanding shares of Common Stock was reported, that in any event are convertible or exercisable, as the case may be, into shares of the Company’s Common Stock within 60 days’ of such calculation and that are not subject to a limitation on conversion or exercise analogous to the limitation contained herein. Except as The provisions of this paragraph shall be construed and implemented in a manner otherwise set forth herein, for purposes than in strict conformity with the terms of this Section 1(d)(i), 6(d) to correct this paragraph (or any portion hereof) that may be defective or inconsistent with the intended beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amendedlimitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation.

Limitation on Beneficial Ownership. The Buyer Company shall not effect any conversion of Preferred Shares, and no Holder shall have the right or the obligation to purchase shares of Common Stock under this Agreement convert any Preferred Shares, to the extent that after giving effect to such purchase conversion, the Buyer beneficial owner of such shares (together with its affiliates such Person’s affiliates) would beneficially own in excess have acquired, through conversion of 9.9Preferred Shares or otherwise, beneficial ownership of a number of shares of Common Stock that exceeds 9.99% (“Maximum Percentage”) of the outstanding number of shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing, the number of shares of Common Stock beneficially owned by the Buyer a Person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement upon conversion of the Preferred Shares with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted Preferred Shares beneficially owned by such Person or any of its affiliates and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein in this Section beneficially owned by the Buyer and such Person or any of its affiliates. Except as set forth in the preceding sentence, for purposes of this Section 7, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended. For purposes of this SectionSection 7, in determining the number of outstanding shares of Common Stock the Buyer Stock, a Holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's ’s most recent Form 10-K, Form 10-Q or Form 108-K, as the case may be, (2) a more recent public announcement by the Company Company, or (3) any other written communication notice by the Company or its the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon For any reason at any time, upon the reasonable written or oral request of the Buyerany Holder, the Company shall promptly within two (2) Business Days following the receipt of such notice, confirm orally and in writing to the Buyer any such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement the conversion or exercise of securities of the Company, including the Preferred Shares, by the Buyer such Holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth hereinBy written notice to the Company, for purposes the Holder may from time to time increase or decrease the Maximum Percentage to any other percentage not in excess of this Section 1(d)(i)9.99% specified in such notice; provided that (i) any such increase will not be effective until the sixty-first (61st) day after such notice is delivered to the Company, beneficial ownership shall be determined in accordance with Section 13(dand (ii) of any such increase or decrease will apply only to the Securities Exchange Act of 1934, as amendedHolder providing such written notice and not to any other Holder.

Limitation on Beneficial Ownership. The Company shall not effect any purchase under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to fund the Daily Base Amount as otherwise provided in this Agreement. Specifically, if the 9.9% limitation is ever reached, each Trading Day thereafter and until the Buyer beneficially owns less than 9.9% of the outstanding shares of the Common Stock, the Buyer shall nevertheless pay to the Company the Daily Base Amount as otherwise provided herein but the Buyer shall not be entitled to receive (or exercise any indicia of ownership with respect thereto) the related Purchase Shares therefore until and only to the extent that the Buyer beneficially owns less than 9.9% of the outstanding shares of the Common Stock. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Upon the written or oral request of the Company, the Buyer shall within one (1) Trading Day confirm orally and in writing to the Company the number of shares of Common Stock then held by the Buyer and the number of shares of Common Stock then beneficially owned by the Buyer and its affiliates. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any purchase under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase Purchase Notice under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Monthly Base Amount or the Company's Mandatory Purchase Rights as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i1(d)(ii), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase Purchase Notice under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 9.99% limitation is ever reached, this shall not effect or limit the Buyer's obligation to purchase the Monthly Base Amount or the Company's Mandatory Purchase Rights as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i1(d)(ii), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not effect and ---------------------------------- shall have no obligation to effect any conversion of shares of Series D Preferred Stock, and no Holder shall have the right or the obligation to purchase convert any shares of Common Stock under this Agreement Series D Preferred Stock, to the extent that after giving effect to such purchase conversion, the Buyer beneficial owner of such shares (together with its affiliates such Person's affiliates) would beneficially own in excess have acquired, through conversion of 9.9shares of Series D Preferred Stock or otherwise, beneficial ownership of a number of Common Shares that exceeds 4.99% ("MAXIMUM PERCENTAGE") of the number of Common Shares outstanding shares of the Common Stock following immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock Shares beneficially owned by the Buyer a Person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of Common Shares issuable upon conversion of the shares of Common Series D Preferred Stock issuable in connection with that are subject to a purchase under this Agreement with respect to pending conversion notice for which the determination of whether the Maximum Percentage had been exceeded is being madedetermined, but shall exclude the number of shares of Common Stock Shares which would be issuable upon (1A) conversion of any remaining, nonconverted shares of Series D Preferred Stock beneficially owned by such Person or any of its affiliates not subject to a purchase of the remaining Available Amount which has not been submitted for purchase, pending conversion notice and (2B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) beneficially owned by such Person or any of its affiliates that are similarly subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by in this Section 6. Except as set forth in the Buyer and its affiliatespreceding sentence, for purposes of this Section 6, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended. For purposes of this SectionSection 6, in determining the number of outstanding shares of Common Stock the Buyer Shares, a Holder may rely on the number of outstanding shares of Common Stock Shares as reflected in (1) the Company's most recent Form 8-K, Form 10-Q Q, Form 10-QSB, Form 10-K or Form 10-K, KSB as the case may be, (2) a more recent public announcement by the Company Company, or (3) any other written communication notice by the Company or its Transfer Agent setting forth the number of shares of Common Stock Shares outstanding. Upon the reasonable written or oral request of the Buyerany Holder, the Company shall promptly promptly, but in no event later than one (1) Business Day following the receipt of such notice, confirm orally and in writing to the Buyer any such Holder the number of shares of Common Stock Shares then outstanding. In any case, the number of outstanding shares of Common Stock Shares shall be determined after giving effect to any purchases under this Agreement all conversions of shares of Series D Preferred Stock by the Buyer such Holder and its affiliates that had occurred since the date as of which such number of outstanding shares of Common Stock Shares was reported. Except as otherwise set forth hereinBy written notice to the Company, for purposes of this Section 1(d)(i)the Holder may increase or decrease the Maximum Percentage to any other percentage specified in such notice; provided that (i) any such increase will not be effective until the sixty-first (61st) day after such notice is delivered to the Company, beneficial ownership shall be determined in accordance with Section 13(dand (ii) of any such increase or decrease will apply only to the Securities Exchange Act of 1934, as amendedHolder and not to any other Holder.

Limitation on Beneficial Ownership. The Company shall not effect any purchase under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option-to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount or the Company's Mandatory Purchase Rights as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request request, of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(il(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not ---------------------------------- effect any conversion of this Equity Purchase Agreement and no Holder shall have the right or the obligation to purchase shares convert any portion of Common Stock under this Equity Purchase Agreement pursuant to Section 2(b) to the extent that after giving effect to such purchase the Buyer conversion such Person (together with its affiliates such Person's affiliates) would beneficially own in excess of 9.94.99% of the outstanding shares of the Common Stock following such purchaseconversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a Person and its affiliates or acquired by the Buyer a Person and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under upon conversion of this Equity Purchase Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1i) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted portion of this Equity Purchase Agreement beneficially owned by such Person and its affiliates and (2ii) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer such Person and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer Holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the BuyerHolder, the Company shall promptly confirm orally and in writing to the Buyer Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this conversions of the Equity Purchase Agreement by the Buyer Holder since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i2(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i1(d)(1), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase Purchase Notice under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 9.99% limitation is ever reached, this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, , (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i1(d)(ii), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not effect any purchase under this Equity Purchase Agreement and the Holder shall not have the right or the obligation to purchase shares of Common Stock under this Equity Purchase Agreement pursuant to Section 2(b) to the extent that after giving effect to such purchase the Buyer such Person (together with its affiliates such Person's affiliates) would beneficially own in excess of 9.94.99% of the outstanding shares of the Common Stock following such purchase. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a Person and its affiliates or acquired by the Buyer a Person and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with upon a purchase under this Equity Purchase Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1i) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2ii) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer such Person and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer Holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the BuyerHolder, the Company shall promptly confirm orally and in writing to the Buyer Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Equity Purchase Agreement by the Buyer Holder since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i2(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement Notwithstanding anything to the extent that after giving effect contrary in this Article X, no Person will be entitled to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number acquire Beneficial Ownership of shares of Common Stock beneficially owned by delivered upon conversion to the Buyer extent (but only to the extent) that such receipt would cause any Person to become, directly or indirectly, a Beneficial Owner of more than the Specified Percentage of the shares of Common Stock outstanding at such time. With respect to any conversion prior to October 1, 2011, the “Specified Percentage” shall be 4.9%, and its affiliates or acquired by with respect to any conversion thereafter until Stated Maturity, the Buyer and its affiliates, as the case may be, Specified Percentage shall include the number be 9.9%. Any purported delivery of shares of Common Stock issuable upon conversion of Notes shall be void and have no effect to the extent (but only to the extent) that such delivery would result in connection with a purchase under this Agreement with respect to which any Person becoming the determination is being made, but shall exclude Beneficial Owner of more than the number Specified Percentage of the shares of Common Stock outstanding at such time. If any delivery of shares of Common Stock which owed to any Person upon conversion is not made, in whole or in part, as a result of these limitations, the Company’s obligation to make such delivery shall not be extinguished and it shall deliver such shares as promptly as practicable after, but in no event later than two Trading Days after, any such Person gives notice to the Company that such delivery would be issuable upon (1) a purchase not result in any Person being the Beneficial Owner of more than the Specified Percentage of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock outstanding at such time. For the Buyer may rely on avoidance of doubt, the number term “Beneficial Owner” as used in this Section 10.03 shall not include (i) with respect to any Global Note, the nominee of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q Depositary or Form 10-K, as any Person having an account with the case may be, (2) a more recent public announcement by the Company Depositary or its nominee or (3ii) with respect to any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the BuyerNon-global Note, the Company shall promptly confirm orally and Holder of such Non-global Note unless, in writing to the Buyer the number of shares of Common Stock then outstanding. In any each case, the number of outstanding shares of Common Stock such nominee, account holder or Holder shall also be determined after giving effect a Beneficial Owner with respect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amendedNote.

Limitation on Beneficial Ownership. The Buyer Notwithstanding anything to the contrary contained herein, the Company shall not effect the exercise of any portion of this Warrant, and the Holder shall not have the right or to exercise any portion of this Warrant, pursuant to the obligation to purchase shares terms and conditions of Common Stock under this Agreement Warrant and any such exercise shall be null and void and treated as if never made, to the extent that after giving effect to such purchase exercise, the Buyer Holder together with its affiliates the other Attribution Parties collectively would beneficially own a number of shares of Common Stock in excess of 9.9the Maximum Percentage. The “Maximum Percentage” shall be set at 9.99% of the outstanding number of shares of the Common Stock following outstanding immediately after giving effect to the issuance of shares of Common Stock pursuant to such purchaseexercise (to the extent permitted pursuant to this Section 1(f)). For purposes hereofof the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned by the Holder shall include the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include Holder plus the number of shares of Common Stock issuable upon exercise of this Warrant that would result in connection with a purchase under this Agreement with respect to which the determination is being madeHolder holding the Maximum Percentage of the number of outstanding shares of Common Stock, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any convertible notes or convertible preferred stock or warrants, including the other Warrants) beneficially owned by the Holder or any other Attribution Party subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatesin this Section 1(f). For purposes of this SectionSection 1(f), beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “1934 Act”). For purposes of this Warrant, in determining the number of outstanding shares of Common Stock the Buyer Holder may acquire upon the exercise of this Warrant without exceeding the Maximum Percentage, the Holder may rely on the number of outstanding shares of Common Stock as reflected in (1x) the Company's ’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q and Current Reports on Form 8-K or Form 10-Kother public filing with the Securities and Exchange Commission (the “SEC”), as the case may be, (2y) a more recent public announcement by the Company or (3z) any other written communication notice by the Company or its the Transfer Agent setting forth the number of shares of Common Stock outstandingoutstanding (the “Reported Outstanding Share Number”). Upon If the reasonable Company receives an Exercise Notice from the Holder at a time when the actual number of outstanding shares of Common Stock is less than the Reported Outstanding Share Number, the Company shall (i) notify the Holder in writing of the number of shares of Common Stock then outstanding and, to the extent that such Exercise Notice would otherwise cause the Holder’s beneficial ownership, as determined pursuant to this Section 1(f), to exceed the Maximum Percentage, the Holder must notify the Company of a reduced number of Warrant Shares to be purchased pursuant to such Exercise Notice (the number of shares by which such purchase is reduced, the “Reduction Shares”) and (ii) as soon as reasonably practicable, the Company shall return to the Holder any exercise price paid by the Holder for the Reduction Shares. For any reason at any time, upon the written or oral request of the BuyerHolder, the Company shall promptly within one (1) Business Day confirm orally and in writing or by electronic mail to the Buyer Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under the conversion or exercise of securities of the Company, including this Agreement Warrant, by the Buyer Holder and any other Attribution Party since the date as of which such the Reported Outstanding Share Number was reported. In the event that the issuance of Common Stock to the Holder upon exercise of this Warrant results in the Holder and the other Attribution Parties being deemed to beneficially own, in the aggregate, more than the Maximum Percentage of the number of outstanding shares of Common Stock was reported. Except (as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with under Section 13(d) of the Securities Exchange Act 1934 Act), the number of 1934shares so issued by which the Holder’s and the other Attribution Parties’ aggregate beneficial ownership exceeds the Maximum Percentage (the “Excess Shares”) shall be deemed null and void and shall be cancelled ab initio, and the Holder shall not have the power to vote or to transfer the Excess Shares. As soon as amendedreasonably practicable after the issuance of the Excess Shares has been deemed null and void, the Company shall return to the Holder the exercise price paid by the Holder for the Excess Shares and the Holder shall transfer the Excess Shares to the Company. No prior inability to exercise this Warrant pursuant to this paragraph shall have any effect on the applicability of the provisions of this paragraph with respect to any subsequent determination of exercisability. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 1(f) to the extent necessary to correct this paragraph or any portion of this paragraph which may be defective or inconsistent with the intended beneficial ownership limitation contained in this Section 1(f) or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitation contained in this paragraph may not be waived and shall apply to a successor holder of this Warrant. By written notice to the Company, the Holder may from time to time increase or decrease the Maximum Percentage to any other percentage not in excess of 19.99% specified in such notice; provided that any increase in the Maximum Percentage will not be effective until the sixty-first (61st) day after such notice is delivered to the Company.

Limitation on Beneficial Ownership. The Company shall not ----------------------------------- effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not affect or limit the Buyer's obligation to purchase the Daily Purchase Amount as otherwise provided in this Agreement. Specifically, even though the Buyer may not receive additional shares of Common Stock in the event that the 9.9% limitation is ever reached, the Buyer is still obligated to pay to the Company the Daily Purchase Amount on each Trading Day as otherwise obligated under this Agreement, e.g. no Event of Default (as defined in Section 9 hereof) has occurred, nor any event which, after notice and/or lapse of time, would become an Event of Default. Under such circumstances, the Buyer would have the right to acquire additional shares of Common Stock in the future only at such time as its ownership subsequently become less than the 9.9% limitation. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's ’s most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Holder shall not have the right or to convert any of the obligation Note held by such Holder pursuant to purchase shares the terms and conditions of Common Stock under this Agreement Note and any such conversion shall be null and void and treated as if never made, to the extent that after giving effect to such purchase the Buyer conversion, such Holder together with its affiliates the other attribution parties collectively would beneficially own in excess of 9.99.99% (the “Maximum Percentage”) of the outstanding shares of the Common Stock following outstanding immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned by such Holder and the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, other attribution parties shall include the number of shares of Common Stock held by such Holder and all other attribution parties plus the number of shares of Common Stock issuable in connection with a purchase under this Agreement upon conversion of the Note with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1A) a purchase conversion of the remaining Available Amount which has not been submitted for purchaseremaining, nonconverted Note beneficially owned by such Holder or any of the other attribution parties and (2B) exercise or conversion of the unexercised or unconverted nonconverted portion of any other securities of the Company Borrower (including, without limitation, any notes convertible notes, convertible preferred stock or warrants) beneficially owned by such Holder or any other attribution party subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliatesin this Section. For purposes of this Section, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “1934 Act”). For purposes of determining the number of outstanding shares of Common Stock a Holder may acquire upon the Buyer conversion of the Note without exceeding the Maximum Percentage, such Holder may rely on the number of outstanding shares of Common Stock as reflected in (1x) the Company's Borrower’s most recent Form 10-Q or Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing with the SEC, as the case may be, (2y) a more recent public announcement by the Company Borrower or (3z) any other written communication notice by the Company Borrower or its Transfer Agent the transfer agent, if any, setting forth the number of shares of Common Stock outstandingoutstanding (the “Reported Outstanding Share Number”). Upon If the reasonable Borrower receives a Conversion Notice from a Holder at a time when the actual number of outstanding shares of Common Stock is less than the Reported Outstanding Share Number, the Borrower shall notify such Holder in writing of the number of shares of Common Stock then outstanding and, to the extent that such Conversion Notice would otherwise cause such Holder’s beneficial ownership, as determined pursuant to this Section, to exceed the Maximum Percentage, such Holder must notify the Borrower of a reduced number of shares of Common Stock to be purchased pursuant to such Conversion Notice. For any reason at any time, upon the written or oral request of the Buyerany Holder, the Company Borrower shall promptly within one (1) Business Day confirm orally and in writing or by electronic mail to the Buyer such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Borrower, including this Note, by such Hxxxxx and any purchases under this Agreement by the Buyer other attribution party since the date as of which the Reported Outstanding Share Number was reported. In the event that the issuance of shares of Common Stock to a Holder upon conversion of this Note results in such Holder and the other attribution parties being deemed to beneficially own, in the aggregate, more than the Maximum Percentage of the number of outstanding shares of Common Stock was reported. Except (as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with under Section 13(d) of the Securities Exchange Act 1934 Act), the number of 1934shares so issued by which such Holder’s and the other attribution parties’ aggregate beneficial ownership exceeds the Maximum Percentage (the “Excess Shares”) shall be deemed null and void and shall be cancelled ab initio, and such Holder shall not have the power to vote or to transfer the Excess Shares. Upon delivery of a written notice to the Borrower, any Holder may from time to time increase (with such increase not effective until the sixty-first (61st) day after delivery of such notice) or decrease the Maximum Percentage of such Holder to any other percentage not in excess of 19.99% as amendedspecified in such notice; provided that (i) any such increase in the Maximum Percentage will not be effective until the sixty-first (61st) day after such notice is delivered to the Borrower and (ii) any such increase or decrease will apply only to such Holder and the other attribution parties and not to any other Holder that is not an attribution party of such Hxxxxx. For purposes of clarity, the shares of Common Stock issuable to a Holder pursuant to the terms of this Note in excess of the Maximum Percentage shall not be deemed to be beneficially owned by such Holder for any purpose including for purposes of Section 13(d) or Rule 16a-1(a)(1) of the 1934 Act. No prior inability to convert this Note pursuant to this Section shall have any effect on the applicability of the provisions of this Section with respect to any subsequent determination of convertibility. The provisions of this Section shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section to the extent necessary to correct this Section (or any portion thereof) which may be defective or inconsistent with the intended beneficial ownership limitation contained in this Section or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitation contained in this Section may not be waived and shall apply to a successor holder of this Note.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock Stock, the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not effect and shall have no obligation to effect any conversion of shares of Series C Preferred Stock, and no Holder shall have the right or the obligation to purchase convert any shares of Common Stock under this Agreement Series C Preferred Stock, to the extent that after giving effect to such purchase conversion, the Buyer beneficial owner of such shares (together with its affiliates such Person’s affiliates) would beneficially own in excess have acquired, through conversion of 9.9shares of Series C Preferred Stock or otherwise, beneficial ownership of a number of Common Stock that exceeds 4.99% (“Maximum Percentage”) of the outstanding shares number of the Common Stock following outstanding immediately after giving effect to such purchaseconversion. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a Person and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with upon conversion of the shares of Series C Preferred Stock that are subject to a purchase under this Agreement with respect to pending conversion notice for which the determination of whether the Maximum Percentage had been exceeded is being madedetermined, but shall exclude the number of shares of Common Stock which would be issuable upon (1a) conversion of any remaining, nonconverted shares of Series C Preferred Stock beneficially owned by such Person or any of its affiliates not subject to a purchase of the remaining Available Amount which has not been submitted for purchasepending conversion notice, and (2b) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) beneficially owned by such Person or any of its affiliates that are similarly subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by in this Paragraph 7. Except as set forth in the Buyer and its affiliatespreceding sentence, for purposes of this Paragraph 7, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act. For purposes of this SectionParagraph 7, in determining the number of outstanding shares of Common Stock the Buyer Stock, a Holder may rely on the number of outstanding shares of Common Stock as reflected in (1i) the Company's ’s most recent Form 8-K, Form 10-Q Q, or Form 10-K, as the case may be, (2ii) a more recent public announcement by the Company Company, or (3iii) any other written communication notice by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyerany Holder, the Company shall promptly promptly, but in no event later than one (1) Business Day following the receipt of such notice, confirm orally and in writing to the Buyer any such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement all conversions of shares of Series C Preferred Stock by the Buyer such Holder and its affiliates that had occurred since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth hereinBy written notice to the Company, for purposes of this Section 1(d)(i)the Holder may increase or decrease the Maximum Percentage to any other percentage specified in such notice; provided that (A) any such increase will not be effective until the sixty-first (61st) day after such notice is delivered to the Company, beneficial ownership shall be determined in accordance with Section 13(dand (B) of any such increase or decrease will apply only to the Securities Exchange Act of 1934, as amendedHolder and not to any other Holder.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not affect or limit the Buyer's obligation to purchase the Daily Purchase Amount as otherwise provided in this Agreement. Specifically, even though the Buyer may not receive additional shares of Common Stock in the event that the 9.9% limitation is ever reached, the Buyer is still obligated to pay to the Company the Daily Purchase Amount on each Trading Day as otherwise obligated under this Agreement, e.g. no Event of Default (as defined in Section 9 hereof) has occurred, nor any event which, after notice and/or lapse of time, would become an Event of Default. Under such circumstances, the Buyer would have the right to acquire additional shares of Common Stock in the future only at such time as its ownership subsequently becomes less than the 9.9% limitation. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Buyer Company shall not effect any purchase under this Equity Purchase Agreement and the Holder shall not have the right or the obligation to purchase shares of Common Stock under this Equity Purchase Agreement pursuant to Section 2(b) to the extent that after giving effect to such purchase the Buyer such Person (together with its affiliates such Person's affiliates) would beneficially own in excess of 9.99.99% of the outstanding shares of the Common Stock following such purchase. For purposes hereofof the foregoing sentence, the number of shares of Common Stock beneficially owned by the Buyer a Person and its affiliates or acquired by the Buyer a Person and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with upon a purchase under this Equity Purchase Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1i) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2ii) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer such Person and its affiliates. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer Holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the BuyerHolder, the Company shall promptly confirm orally and in writing to the Buyer Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Equity Purchase Agreement by the Buyer Holder since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i2(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any purchase under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.99% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase Purchase Notice under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.99% limitation is ever reached the Company shall have the option to increase such limitation to 9.99% by delivery of written notice to the Buyer. Thereafter, if the 9.99% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Monthly Base Amount or the Company's Mandatory Purchase Rights as otherwise provided in this Agreement. For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i1(d)(ii), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.

Limitation on Beneficial Ownership. The Company shall not effect any sale under this Agreement and the Buyer shall not have the right or the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the Buyer together with its affiliates would beneficially own in excess of 9.94.9% of the outstanding shares of the Common Stock following such purchase. For purposes hereof, the number of shares of Common Stock beneficially owned by the Buyer and its affiliates or acquired by the Buyer and its affiliates, as the case may be, shall include the number of shares of Common Stock issuable in connection with a purchase under this Agreement with respect to which the determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (1) a purchase of the remaining Available Amount which has not been submitted for purchase, and (2) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company (including, without limitation, any notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Buyer and its affiliates. If the 4.9% limitation is ever reached the Company shall have the option to increase such limitation to 9.9% by delivery of written notice to the Buyer. Thereafter, if the 9.9% limitation is ever reached this shall not effect or limit the Buyer's obligation to purchase the Daily Base Amount as otherwise provided in this Agreement (i.e. the Buyer shall continue to pay the Purchase Price for Purchase Shares but the Company shall not issue, and the Buyer shall not be entitled to receive, such applicable Purchase Shares until such time as, and to the extent that, the Buyer is below the 9.9% limitation). For purposes of this Section, in determining the number of outstanding shares of Common Stock the Buyer may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company's most recent Form 10-Q or Form 10-K, as the case may be, (2) a more recent public announcement by the Company or (3) any other written communication by the Company or its Transfer Agent transfer agent setting forth the number of shares of Common Stock outstanding. Upon the reasonable written or oral request of the Buyer, the Company shall promptly confirm orally and in writing to the Buyer the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any purchases under this Agreement by the Buyer since the date as of which such number of outstanding shares of Common Stock was reported. Except as otherwise set forth herein, for purposes of this Section 1(d)(i), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.