Common use of Purchasers Rights and Obligations Clause in Contracts

Purchasers Rights and Obligations. Effective upon (i) the purchase by any Purchaser of shares of the Company's Series B Preferred Stock at the closing of the sale and purchase of shares under the Series B Purchase Agreement; (ii) the execution and delivery by such Purchaser of a signature page to this Amendment; (iii) the execution and delivery by the Company of a signature page to this Amendment; and (iv) the satisfaction of the conditions set forth in Section 4 of this Amendment, such Purchaser will be a "Purchaser" for all purposes of the Amended Rights Agreement, as amended hereby, and the following sections of the Amended Rights Agreement will be amended as follows: Section 1.1 (b) will be amended by deleting such provision in its entirety and replacing it with the following:

Purchasers Rights and Obligations. Effective upon (i) the purchase by any Purchaser of shares of the Company's Series B C Preferred Stock at the a closing of the sale and purchase of shares under the Series B C Purchase Agreement; (ii) the execution and delivery by such Purchaser of a signature page to this Amendment; (iii) the execution and delivery by the Company of a signature page to this Amendment; and (iv) the satisfaction of the conditions set forth in Section 4 of this Amendment, such Purchaser will be a "Purchaser" for all purposes of the Amended Rights Agreement, as amended hereby, and the following sections of the Amended Rights Agreement will be amended as follows: Section 1.1 (b) will be amended by deleting such provision in its entirety and replacing it with the following: