Common use of Shares to Be Reserved Clause in Contracts

Shares to Be Reserved. The Company shall at all times reserve and keep available, out its authorized, and unissued stock, solely for the purpose of effecting the conversion of the Series D Preferred Stock, such number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all of the Series D Preferred Stock from time to time outstanding. The Company shall from time to time, in accordance with the laws of the State of Colorado, increase the authorized number of shares of Common Stock if at any time the number of shares of authorized but unissued Common Stock shall be insufficient to permit the conversion in full of the Series D Preferred Stock.

Shares to Be Reserved. The Company Corporation shall at all times reserve and keep available, out of its authorized, authorized and unissued stock, solely for the purpose of effecting the conversion of the Series D A Preferred Stock, such number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all of the Series D A Preferred Stock from time to time outstanding. The Company Corporation shall from time to time, in accordance with the laws of the State of ColoradoNew York, increase the authorized number of shares of Common Stock if at any time the number of shares of authorized but unissued Common Stock shall be insufficient to permit the conversion in full of the Series D A Preferred Stock.