Common use of NO ADJUSTMENT OF SERIES B CONVERSION PRICE Clause in Contracts

NO ADJUSTMENT OF SERIES B CONVERSION PRICE. No adjustment in the number of shares of Common Stock into which the Series B Preferred Stock is convertible shall be made by adjustment in the Series B Conversion Price: (i) unless the consideration per share (determined pursuant to Section 7(c)) for an Additional Share of Common Stock issued or deemed to be issued by the Corporation is less than the then-current Series B Conversion Price, or (ii) if prior to such issuance, the Corporation receives written notice from the holders of a majority of the then outstanding shares of Series B Preferred Stock agreeing that no such adjustment shall be made as the result of the issuance of Additional Shares of Common Stock.