Common use of SHARES TO BE ISSUED Clause in Contracts

SHARES TO BE ISSUED. In the event Lender makes an election to convert all or a portion of the unpaid interest and principal on the Loan pursuant to Section 2.5 above, CareCentric shall issue to the Lender such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the dollar amount of the Loan designated by the Lender to be converted by the Conversion Price applicable to each such share, determined as hereinafter provided, in effect on the date that the Lender makes his election to convert. The price at which shares of Common Stock shall be deliverable upon such conversion (the "Conversion Price") shall initially be equal to one dollar ($1.00) per share of Common Stock. Such initial Conversion Price shall be subject to adjustment as hereinafter provided.

SHARES TO BE ISSUED. In the event Lender makes an election to convert all or a portion of the unpaid interest and principal on the Loan Loans pursuant to Section 2.5 above, CareCentric SCHI shall issue to the Lender such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the dollar amount of the Loan Loans designated by the Lender to be converted by the Conversion Price applicable to each such share, determined as hereinafter provided, in effect on the date that the Lender makes his election to convert. The price at which shares of Common Stock shall be deliverable upon such conversion (the "Conversion Price") shall initially be equal to two dollars and fifty one dollar cents ($1.002.51) per share of Common Stock. Such initial Conversion Price shall be subject to adjustment as hereinafter provided.