Common use of No Rights or Liabilities as Shareholder Clause in Contracts

No Rights or Liabilities as Shareholder. This Note does not by itself --------------------------------------- entitle the Noteholder to any voting rights or other rights as a shareholder of the Company. In the absence of conversion of this Note, no provisions of this Note, and no enumeration herein of the rights or privileges of the holder shall cause such holder to be a shareholder of the Company for any purpose by virtue hereof. Subject to the terms and conditions of this Note, Noteholder will have all of the rights of a shareholder of the Company with respect to the Conversion Stock from and after the Conversion Date until such time as Noteholder disposes of the Conversion Stock.