Common use of Reservation Clause in Contracts

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers from its authorized but unissued common stock, a number of common shares equal to 175% of the amount of Common Stock necessary to allow each Subscriber to be able to convert all Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five (5) consecutive business days or fifteen (15) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers each holder of a Note or Warrant, from its authorized but unissued common stock, a number of common shares equal to 175150% of the amount of Common Stock necessary to allow each Subscriber holder of a Note to be able to convert all such outstanding Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five three (53) consecutive business days or fifteen ten (1510) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers each holder of a Note or Warrant, from its authorized but unissued common stock, a number of common shares equal to 175200% of the amount of Common Stock necessary to allow each Subscriber holder of a Note to be able to convert all such outstanding Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five three (53) consecutive business days or fifteen ten (1510) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the Closing Date, the Company undertakes to shall reserve, pro rataPRO RATA, on behalf of the Subscribers each holder of a Note or Warrant, from its authorized but unissued common stock, a number of common shares equal to 175150% of the amount of Common Stock necessary to allow each Subscriber holder of a Note to be able to convert all such outstanding Notes issuable pursuant to this Agreement and interest thereon interest, and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five three (53) consecutive business days or fifteen ten (1510) days in the aggregate shall be a material default of the Company’s 's obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers each holder of a Note or Warrant, from its authorized but unissued common stock, a number of common shares equal to 175150% of the amount of Common Stock necessary to allow each Subscriber holder of a Note to be able to convert all such outstanding Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f9.1(f) for five three (53) consecutive business days or fifteen ten (1510) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the NoteAgreement.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers each holder of a Note or Warrant, from its authorized but unissued common stock, a number of common shares equal to 175% of the amount of Common Stock necessary to allow each Subscriber holder of a Note to be able to convert all such outstanding Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five three (53) consecutive business days or fifteen ten (1510) days in the aggregate shall be a material default of the Company’s 's obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers each holder of a Note or Warrant, from its authorized but unissued common stock, a number of common shares equal to 175300% of the amount of Common Stock necessary to allow each Subscriber holder of a Note to be able to convert all such outstanding Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f9.1(f) for five three (53) consecutive business days or fifteen ten (1510) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers each holder of a Note or Warrant, from its authorized but unissued common stock, a number of common shares equal to 175% of the amount of Common Stock necessary to allow each Subscriber holder of a Note to be able to convert all such outstanding Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five three (53) consecutive business days or fifteen ten (1510) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers from its authorized but unissued common stock, a number of common shares equal to 175% of the amount of Common Stock necessary to allow each Subscriber to be able to convert all Notes Preferred Stock issuable pursuant to this Agreement and interest dividends thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five (5) consecutive business days or fifteen (15) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under pursuant to the NoteCertificate of Designation.

Reservation. Prior Subject to Stockholder Approval, prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers each holder of a Note or Warrant, from its authorized but unissued common stock, a number of common shares equal to 175150% of the amount of Common Stock necessary to allow each Subscriber holder of a Note to be able to convert all such outstanding Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f9.1(f) for five three (53) consecutive business days or fifteen ten (1510) days in the aggregate shall be a material default of the Company’s 's obligations under this Agreement and an Event of Default under the NoteAgreement.

Reservation. Prior to the Closing Date, the Company undertakes to shall reserve, pro rataPRO RATA, on behalf of the Subscribers each holder of a Note or Warrant, from its authorized but unissued common stock, a number of common shares equal to 175150% of the amount of Common Stock necessary to allow each Subscriber holder of a Note to be able to convert all such outstanding Notes issuable pursuant to this Agreement and interest thereon interest, and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five three (53) consecutive business days or fifteen ten (1510) days in the aggregate shall be a material default of the Company’s 's obligations under this Agreement and an Event of Default under the NoteAgreement.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers from its authorized but unissued common stock, a number of common shares equal to 175200% of the amount of Common Stock necessary to allow each Subscriber to be able to convert all Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five (5) consecutive business days or fifteen (15) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers from its authorized but unissued common stock, a number of common shares equal to 175% of the amount of Common Stock necessary to allow each Subscriber to be able to convert all Notes Preferred Stock issuable pursuant to this Agreement and interest dividends thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five (5) consecutive business days or fifteen (15) days in the aggregate shall be a material default of the Company’s 's obligations under this Agreement and an Event of Default under pursuant to the NoteCertificate of Designation.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers from its authorized but unissued common stock, a number of common shares equal to 175150% of the amount of Common Stock necessary to allow each Subscriber to be able to convert all Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five (5) consecutive business a period of more than three days or fifteen (15) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers each holder of a Note or Warrant, from its authorized but unissued common stock, a number of common shares equal to 175% of the amount of Common Stock necessary to allow each Subscriber holder of a Note to be able to convert all such outstanding Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f9.1(f) for five three (53) consecutive business days or fifteen ten (1510) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the NoteAgreement.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers from its authorized but unissued common stock, a number of common shares equal to 175% of the amount of Common Stock common stock necessary to allow each Subscriber to be able to convert all Notes Preferred Stock issuable pursuant to this Agreement and interest dividends thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f8(f) for five (5) consecutive business days or fifteen (15) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the NoteAgreement.

Reservation. Prior to the each Closing Date, the Company undertakes to reserve, pro PRO rata, on behalf of the Subscribers each holder of a Note or Warrant, from its authorized but unissued common stock, a number of common shares equal to 175200% of the amount of Common Stock necessary to allow each Subscriber holder of a Note to be able to convert all such outstanding Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f9.1(f) for five three (53) consecutive business days or fifteen ten (1510) days in the aggregate shall be a material default of the Company’s 's obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the each Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers from its authorized but unissued common stockCommon Stock, a number of common shares equal to 175% of the amount common shares issuable upon conversion of the Notes and one share of Common Stock necessary to allow for each Subscriber to be able to convert all Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares Share issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) and to allow conversion of all outstanding Note amounts of principal and interest and exercise of all outstanding Warrants for five (5) consecutive business days or fifteen (15) days in the aggregate shall be a material default of the Company’s 's obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the Initial Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers from its authorized but unissued common stock, a number of common shares equal to 175200% of the amount of Common Stock necessary to allow each Subscriber to be able to convert all Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f9.1(f) for five six (56) consecutive business days or fifteen twenty (1520) business days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the each Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers from its authorized but unissued common stockCommon Stock, a number of common shares equal to 175% of the amount common shares issuable upon conversion of the Notes and one share of Common Stock necessary to allow for each Subscriber to be able to convert all Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares Share issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) and to allow conversion of all outstanding Note amounts of principal and interest and exercise of all outstanding Warrants for five (5) consecutive business days or fifteen (15) days in the aggregate shall be a material default of the Company’s obligations under this Agreement and an Event of Default under the Note.

Reservation. Prior to the Closing Date, the Company undertakes to reserve, pro rata, on behalf of the Subscribers from its authorized but unissued common stock, a number of common shares equal to 175% of the amount of Common Stock necessary to allow each Subscriber to be able to convert all Notes issuable pursuant to this Agreement and interest thereon and reserve 100% of the amount of Warrant Shares issuable upon exercise of the Warrants. Failure to have sufficient shares reserved pursuant to this Section 9(f) for five (5) consecutive business days or fifteen (15) days in the aggregate shall be a material default of the Company’s 's obligations under this Agreement and an Event of Default under the Note.