Common use of RESERVATION OF AUTHORIZED SHARES OF COMMON STOCK Clause in Contracts

RESERVATION OF AUTHORIZED SHARES OF COMMON STOCK. Subject to the provisions of this Article IV, the Company shall at all times reserve and keep available out of its authorized but unissued shares of common stock, solely for the purpose of effecting the conversion of the Series D Convertible Preferred Stock a sufficient number of shares of common stock to provide for the conversion of all outstanding Series D Convertible Preferred Stock upon issuance of shares of common stock (the “Reserved Amount”). If the Reserved Amount for any ten (10) consecutive trading days (the last of such ten (10) trading days being the “Authorization Trigger Date”) is less than one hundred percent (100%) of the number of shares of common stock issuable on such trading days upon conversion of the outstanding Series D Convertible Preferred Stock (without giving effect to any limitation on conversion or exercise thereof) then the Company shall take all necessary action (including stockholder approval to authorize the issuance of additional shares of common stock) to increase the Reserved Amount to a sufficient number of shares of common stock to provide for the conversion of all outstanding Series D Convertible Preferred Stock (without giving effect to any limitation on conversion or exercise thereof).

RESERVATION OF AUTHORIZED SHARES OF COMMON STOCK. Subject to the provisions of this Article IV, the Company shall at all times reserve and keep available out of its authorized but unissued shares of common stock, solely for the purpose of effecting the conversion of the Series D CC Convertible Preferred Stock a sufficient number of shares of common stock to provide for the conversion of all outstanding Series D CC Convertible Preferred Stock upon issuance of shares of common stock (the “Reserved Amount”). If the Reserved Amount for any ten three (103) consecutive trading days (the last of such ten three (103) trading days being the “Authorization Trigger Date”) is less than one hundred seventy-five percent (100175%) of the number of shares of common stock issuable on such trading days upon conversion of the outstanding Series D CC Convertible Preferred Stock (without giving effect to any limitation on conversion or exercise thereof) then the Company shall immediately take all necessary action (including stockholder approval to authorize the issuance of additional shares of common stock) to increase the Reserved Amount to a sufficient two hundred percent (200%) of the number of shares of common stock to provide for the issuable upon conversion of all the outstanding Series D CC Convertible Preferred Stock (without giving effect to any limitation on conversion or exercise thereof).

RESERVATION OF AUTHORIZED SHARES OF COMMON STOCK. Subject to the provisions of this Article IV, the Company shall at all times reserve and keep available out of its authorized but unissued shares of common stock, solely for the purpose of effecting the conversion of the Series D CC Convertible Preferred Stock a sufficient number of shares of common stock to provide for the conversion of all outstanding Series D CC Convertible Preferred Stock upon issuance of shares of common stock (the “Reserved Amount”). If the Reserved Amount for any ten three (103) consecutive trading days (the last of such ten three (103) trading days being the “Authorization Trigger Date”) is less than one hundred seventy-five percent (100175%) of the number of shares of common stock issuable on such trading days upon conversion of the outstanding Series D CC Convertible Preferred Stock (without giving effect to any limitation on conversion or exercise thereof) then the Company shall immediately take all necessary action (including stockholder approval to authorize the issuance of additional aCCitional shares of common stock) to increase the Reserved Amount to a sufficient two hundred percent (200%) of the number of shares of common stock to provide for the issuable upon conversion of all the outstanding Series D CC Convertible Preferred Stock (without giving effect to any limitation on conversion or exercise thereof).

RESERVATION OF AUTHORIZED SHARES OF COMMON STOCK. Subject to the provisions of this Article IV, the Company shall at all times reserve and keep available out of its authorized but unissued shares of common stock, solely for the purpose of effecting the conversion of the Series D B Convertible Preferred Stock a sufficient number of shares of common stock to provide for the conversion of all outstanding Series D B Convertible Preferred Stock upon issuance of shares of common stock (the “Reserved Amount”). If the Reserved Amount for any ten (10) consecutive trading days (the last of such ten (10) trading days being the “Authorization Trigger Date”) is less than one hundred percent (100%) of the number of shares of common stock issuable on such trading days upon conversion of the outstanding Series D B Convertible Preferred Stock (without giving effect to any limitation on conversion or exercise thereof) then the Company shall take all necessary action (including stockholder approval to authorize the issuance of additional shares of common stock) to increase the Reserved Amount to a sufficient number of shares of common stock to provide for the conversion of all outstanding Series D B Convertible Preferred Stock (without giving effect to any limitation on conversion or exercise thereof).