Common use of Reservation of Shares; Preservation of Rights of Holder Clause in Contracts

Reservation of Shares; Preservation of Rights of Holder. The Company hereby agrees that at all times it will maintain and reserve, free from pre-emptive rights, such number of authorized but unissued Preferred Shares so that this Warrant may be exercised without additional authorization of Preferred Shares after giving effect to all other options, warrants, convertible securities and other rights to acquire shares of the Company. The Company further agrees that it will not, by charter amendment or through reorganization, consolidation, merger, dissolution or sale of assets, or by any other voluntary act, avoid or seek to avoid the observance or performance of any of the covenants, stipulations or conditions to be observed or performed hereunder by the Company, or the provisions contained in the Company's Articles of Association relating to the rights of the holders of the Preferred Shares.

Reservation of Shares; Preservation of Rights of Holder. The Company hereby agrees that at all times it will maintain and reserve, free from pre-emptive rights, such number of authorized but unissued un-issued Preferred Shares so that this Warrant may be exercised without additional authorization of Preferred Shares after giving effect to all other warrants, options, warrants, convertible securities and other rights to acquire shares of the Company. The Company further agrees that it will not, by charter amendment or through reorganization, consolidation, merger, dissolution or sale of assets, or by any other voluntary act, avoid or seek to avoid the observance or performance of any of the covenants, stipulations or conditions to be observed or performed hereunder by the Company, or the provisions contained in the Company's Articles of Association relating to the rights of the holders of the Preferred Shares.

Reservation of Shares; Preservation of Rights of Holder. The Company hereby agrees that at all times it will maintain and reserveandreserve, free from pre-emptive rights, such number of authorized but unissued butunissued Series A Preferred Shares so that this Warrant may be exercised without exercisedwithout additional authorization of Series A Preferred Shares after giving aftergiving effect to all other warrants, options, warrants, convertible securities and other andother rights to acquire shares of the Company. The Company further agrees furtheragrees that it will not, by charter amendment or through reorganization, consolidation, reorganizationconsolidation merger, dissolution or sale of assets, or by any other voluntary and othervoluntary act, avoid or seek to avoid the observance or performance of any ofany of the covenants, covenants stipulations or conditions to be observed or performed orperformed hereunder by the Company, or the provisions contained in the CompanytheCompany's Articles of Association relating to the rights of the holders of holdersof the Series A Preferred Shares.