Common use of Restrictions on Conversion of Shares Clause in Contracts

Restrictions on Conversion of Shares. The Purchaser or any subsequent holder of the shares (the "Holder") shall be prohibited from converting any portion of the Shares which would result in the Purchaser or the Holder being deemed the beneficial owner, in accordance with the provisions of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, of 4.99% or more of the then issued and outstanding Common Stock of the Company.

Restrictions on Conversion of Shares. The Purchaser Subscriber or any subsequent holder of the shares Shares (the "Holder") shall be prohibited from converting any portion of the Shares which would result in the Purchaser Subscriber or the Holder being deemed the beneficial owner, in accordance with the provisions of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, of 4.99% five percent (5%) or more of the then issued and outstanding Common Stock of the Company.

Restrictions on Conversion of Shares. The Purchaser or any subsequent holder of the shares (the "Holder") shall be prohibited from converting any portion of the Shares Convertible Preferred Stock which would result in the Purchaser or the Holder being deemed the beneficial owner, in accordance with the provisions of Rule 13d-3 of the Securities Exchange Act of 1934, as amendedAct, of 4.99% or more of the then issued and outstanding Common Stock of the Company.

Restrictions on Conversion of Shares. The Purchaser or any subsequent holder of the shares (the "Holder") shall be prohibited from converting any portion of the Shares which would result in the Purchaser or the Holder being deemed the beneficial owner, in accordance with the provisions of Rule 13d-3 of the Securities Exchange Act of 1934, as amendedamended (the "Exchange Act"), of 4.99% or more of the then issued and outstanding Common Stock of the Company.