Common use of Palisade and Xx Clause in Contracts

Palisade and Xx. Xxxxxxxxx on the one hand, and OptiCare on the other, shall, as of the Effective Date, enter into a Registration Rights Agreement regarding the Common Stock of OptiCare currently held by Palisade, the Common Stock issuable pursuant to warrants currently held by Palisade and Xx. Xxxxxxxxx, and the Common Stock of OptiCare issuable as a result of any conversion of the New Preferred Stock or on the exercise of any of the Warrants issued to Palisade and to Xx. Xxxxxxxxx pursuant to this Agreement.

Palisade and Xx. Xxxxxxxxx on the one hand, and OptiCare on the other, shall, as of the Effective Date, agree on and enter into a Registration Rights Agreement regarding the Common Stock of OptiCare currently held by Palisade, the Common Stock issuable pursuant to warrants currently held by Palisade and Xx. XxxxxxxxxPalisade, and the Common Stock of OptiCare issuable as a result of any conversion of the New Preferred Stock or on the or, exercise of the Warrant or conversion of any of the Warrants 12.5% convertible notes issued to Palisade and to Xx. Xxxxxxxxx pursuant to this Agreementparagraph 2.14.