Common use of Reservation of Stock Issuable Upon Conversion Clause in Contracts

Reservation of Stock Issuable Upon Conversion. The Corporation shall reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the conversion of the shares of the Series A Preferred Stock, such number of its shares of Common Stock as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares of the Series A Preferred Stock.

Reservation of Stock Issuable Upon Conversion. The Corporation Company shall at all times reserve and keep available out of its authorized but unissued shares of Common StockStock or shares of Common Stock held in treasury, or both, solely for the purpose of effecting the conversion of the shares of the Series A Preferred Stockthis Note, such number of its shares of Common Stock as shall from time to time be deemed sufficient to effect the conversion of the Notes and all outstanding shares other securities of the Series A Preferred Company convertible or exchangeable into Common Stock.

Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times use its best efforts to reserve and keep available out of its authorized but and unissued shares of Common Stockcommon stock, solely for the purpose of effecting the conversion of the shares of the Series A Preferred StockB Preferred, such number of its shares of Common Stock common stock as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares of the Series A Preferred StockB Preferred.

Reservation of Stock Issuable Upon Conversion. The Corporation 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 shares of the Series A Preferred Stock, Notes hereunder such number of its shares of Common Stock Shares as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares the Notes based upon a Conversion Price of $0.80 per Share, as such amount may be adjusted in accordance with the Series A Preferred Stockprovisions of Section 3.

Reservation of Stock Issuable Upon Conversion. The Corporation Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stockcommon stock, solely for the purpose of effecting the conversion of the shares of the Series A B Preferred StockStock and for paying the dividend pursuant to Section 2 hereof, such number of its shares of Common Stock common stock as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares of the Series A B Preferred StockStock and to pay all accumulated dividends.

Reservation of Stock Issuable Upon Conversion. The Corporation Company shall at all times reserve and keep available out of its authorized but unissued shares of Common StockStock or shares of Common Stock held in treasury, or both, solely for the purpose of effecting the conversion of the shares of the Series A Preferred Stockthis Debenture, such number of its shares of Common Stock as shall from time to time be deemed sufficient to effect the conversion of the Debentures and all outstanding shares other securities of the Series A Preferred Company convertible or exchangeable into Common Stock.

Reservation of Stock Issuable Upon Conversion. The Corporation Company shall at all times reserve and keep available out of its authorized but unissued shares of Class A Common Stock, solely for the purpose of effecting the conversion of the all outstanding shares of the Series capital stock which are convertible into shares of Class A Preferred Common Stock, such number of its shares of Class A Common Stock as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares of the Series capital stock which are convertible into Class A Preferred Common Stock.

Reservation of Stock Issuable Upon Conversion. The Corporation 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 shares of the Series A Preferred StockPreferred, such number of its shares of Common Stock as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares of the Series A Preferred StockPreferred.

Reservation of Stock Issuable Upon Conversion. The Corporation 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 shares of the Series A C Preferred Stock, such number of its shares of its Common Stock and other securities, if any, issuable upon conversion thereof as expressly provided in Section 8 as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares of the Series A C Preferred Stock.

Reservation of Stock Issuable Upon Conversion. The Corporation Company shall at all times reserve and keep available out of its authorized but unissued shares of Common StockCompany Shares, solely for the purpose of effecting the conversion of the shares of the Series Class A Preferred StockCompany Shares and Class B Preferred Company Shares, such number of its shares of Common Stock Company Shares as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares of the Series A Preferred StockSecond Round Investor Shares.

Reservation of Stock Issuable Upon Conversion. The Corporation Company shall at all times reserve and keep available out of its authorized but unissued shares of Common StockCompany Shares, solely for the purpose of effecting the conversion of the shares of the Series A Preferred StockInvestor Shares, such number of its shares of Common Stock Company Shares as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares of the Series A Preferred StockInvestor Shares.

Reservation of Stock Issuable Upon Conversion. The Corporation 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 shares Series D Preferred Shares and conversion or exercise of the Series A Preferred StockWarrants, such number of its shares of its Common Stock as shall from time to time be deemed sufficient to effect the conversion of all outstanding Series D Preferred Shares and exercise of the Warrants, and if at any time the number of authorized but unissued shares of the Series A Preferred Common Stock.

Reservation of Stock Issuable Upon Conversion. The Corporation 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 shares of the Series A Preferred Stock, Notes hereunder such number of its shares of Common Stock Shares as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares the Notes based upon a Conversion Price of $8.50 per Share, as such amount may be adjusted in accordance with the Series A Preferred Stockprovisions of Section 5.

Reservation of Stock Issuable Upon Conversion. The Corporation Company shall at all times reserve and keep available out of its authorized but unissued shares of Common StockStock or treasury stock, solely for the purpose of effecting the conversion of the shares of the Series A Preferred Stockthis Note, such number of its shares of Common Stock as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares of the Series A Preferred Stockthis Note.

Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, Parent Shares solely for the purpose of effecting the conversion of the shares of the Series A Preferred Stock, such number of its shares of Class B Common Stock as shall from time to time be deemed sufficient to effect the conversion of all then outstanding shares of the Series A Preferred Class B Common Stock.

Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, Stock solely for the purpose of effecting the conversion of the shares of the Series A Preferred Stock, Stock such number of its shares of Common Stock as shall from time to time be deemed sufficient to effect the conversion of all outstanding shares of the Series A Preferred Stock.; and if at any time the number of authorized but unissued shares of

Reservation of Stock Issuable Upon Conversion. The Corporation This corporation 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 shares of the Series A B Preferred Stock and Series C Preferred Stock, such number of its shares of Common Stock as shall from time to time be deemed sufficient to effect the conversion of all then outstanding shares of the Series A B Preferred Stock and Series C Preferred Stock.