Common use of Purchaser’s Exercise Limitations Clause in Contracts

Purchaser’s Exercise Limitations. The Company shall not effect any exercise of the rights granted in this Agreement, and the Purchaser shall not have the right to exercise any portion of such rights granted in this Agreement to the extent that after giving effect to such exercise, the Purchaser (together with the Purchaser’s Affiliates, and any other Persons acting as a group together with the Purchaser or any of the Purchaser’s Affiliates), would beneficially own in excess of the Beneficial Ownership Limitation (as defined in the Convertible Debenture), applied in the manner set forth in the Convertible Debenture. In such event the right by Purchaser to benefit from such rights or receive shares in excess of the Beneficial Ownership Limitation shall be held in abeyance until such times as such excess shares shall not exceed the Beneficial Ownership Limitation.

Purchaser’s Exercise Limitations. The Company shall not effect any exercise of the rights granted in Section 4.25 of this Agreement, and the a Purchaser shall not have the right to exercise any portion of such rights granted in this Agreement Section 4.25 to the extent that after giving effect to such exercise, the Purchaser (together with the Purchaser’s Affiliates, and any other Persons acting as a group together with the Purchaser or any of the Purchaser’s Affiliates), would beneficially own in excess of the Beneficial Ownership Limitation (as defined in the Convertible DebentureNote), applied in the manner set forth in the Convertible DebentureNote. In such event the right by Purchaser to benefit from such rights or receive shares in excess of the Beneficial Ownership Limitation shall be held in abeyance until such times as such excess shares shall not exceed the Beneficial Ownership Limitation.

Purchaser’s Exercise Limitations. The Company shall not effect any exercise of the rights granted in this Agreement, and the any Purchaser shall not have the right to exercise any portion of such rights granted in this Agreement to the extent that after giving effect to such exercise, the such Purchaser (together with the such Purchaser’s Affiliates, and any other Persons acting as a group together with the such Purchaser or any of the such Purchaser’s Affiliates), would beneficially own in excess of the Beneficial Ownership Limitation (as defined in the Convertible Debenture), applied in the manner set forth in the Convertible Debenture. In such event the right by such Purchaser to benefit from such rights or receive shares in excess of the Beneficial Ownership Limitation shall be held in abeyance until such times as such excess shares shall not exceed the Beneficial Ownership Limitation.