Common use of Status of Converted or Redeemed Preferred Stock Clause in Contracts

Status of Converted or Redeemed Preferred Stock. Shares of Preferred Stock may only be issued pursuant to the Convertible Promissory Notes. If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series A Convertible Preferred Stock. ********************* EXECUTION VERSION RESOLVED, FURTHER, that the Chairman, the president or any vice-president, and the secretary or any assistant secretary, of the Corporation be and they hereby are authorized and directed to prepare and file this Certificate of Designation of Preferences, Powers, Rights and Limitations in accordance with the foregoing resolution and the provisions of Delaware law.

Status of Converted or Redeemed Preferred Stock. Shares of Preferred Stock may only be issued pursuant to the Convertible Promissory NotesPurchase Agreement. If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series A E Convertible Preferred Stock. ********************* EXECUTION VERSION RESOLVED, FURTHER, that the Chairman, the president or any vice-president, and the secretary or any assistant secretary, of the Corporation be and they hereby are authorized and directed to prepare and file this Certificate of Designation of Preferences, Powers, Rights and Limitations in accordance with the foregoing resolution and the provisions of Delaware law.

Status of Converted or Redeemed Preferred Stock. Shares of Preferred Stock may only be issued pursuant to the Convertible Promissory NotesPurchase Agreement. If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series A E 6% Convertible Preferred Stock. ********************* EXECUTION VERSION RESOLVED, FURTHER, that the Chairman, the president or any vice-president, and the secretary or any assistant secretary, of the Corporation be and they hereby are authorized and directed to prepare and file this a Certificate of Designation of Preferences, Powers, Rights and Limitations in accordance with the foregoing resolution and the provisions of Delaware law.

Status of Converted or Redeemed Preferred Stock. Shares of Preferred Stock may only be issued pursuant to the Convertible Promissory NotesPurchase Agreement. If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares may not be reissued and shall automatically be required and cancelled and shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series A Redeemable Convertible Preferred Stock. ********************* EXECUTION VERSION 58 RESOLVED, FURTHER, that the Chairman, the president or any vice-president, and the secretary or any assistant secretary, of the Corporation be and they hereby are authorized and directed to prepare and file this Certificate of Designation of Preferences, Powers, Rights and Limitations in accordance with the foregoing resolution and the provisions of Delaware Nevada law.

Status of Converted or Redeemed Preferred Stock. Shares of Preferred Stock may only be issued pursuant to the Convertible Promissory NotesPurchase Agreement. If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares may not be reissued and shall automatically be required and cancelled and shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series A E Redeemable Convertible Preferred Stock. ********************* EXECUTION VERSION RESOLVED, FURTHER, that the Chairman, the president or any vice-president, and the secretary or any assistant secretary, of the Corporation be and they hereby are authorized and directed to prepare and file this Certificate of Designation of Preferences, Powers, Rights and Limitations in accordance with the foregoing resolution and the provisions of Delaware law.

Status of Converted or Redeemed Preferred Stock. Shares of Preferred Stock may only be issued pursuant to the Convertible Promissory Notes. If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series A B Convertible Preferred Stock. ********************* EXECUTION VERSION 1 Note to Draft: Conversion Price will be the market price of the common shares on the date of Closing. Annex B RESOLVED, FURTHER, that the Chairman, the president or any vice-president, and the secretary or any assistant secretary, of the Corporation be and they hereby are authorized and directed to prepare and file this Certificate of Designation of Preferences, Powers, Rights and Limitations in accordance with the foregoing resolution and the provisions of Delaware law.

Status of Converted or Redeemed Preferred Stock. Shares Except in connection with any financing transaction undertaken by the Corporation, shares of Preferred Stock may only be issued pursuant to an agreement with the Convertible Promissory Notessame form, terms and conditions as the Purchase Agreement. If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series A D Convertible Preferred Stock. ********************* EXECUTION VERSION RESOLVED, FURTHER, that the Chairman, the president or any vice-president, and the secretary or any assistant secretary, of the Corporation be and they hereby are authorized and directed to prepare and file this Certificate of Designation of Preferences, Powers, Rights and Limitations in accordance with the foregoing resolution and the provisions of Delaware law.

Status of Converted or Redeemed Preferred Stock. Shares of Preferred Stock may only be issued pursuant to the Convertible Promissory NotesHolders of Preferred Stock on the Original Issue Date. If In case any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series A D Convertible Preferred Stock. ********************* EXECUTION VERSION RESOLVED, FURTHER, that the Chairman, the president Chief Executive Officer or any vice-president, and the secretary or any assistant secretary, of the Corporation be and they hereby are authorized and directed to prepare and file this a Certificate of Designation of Preferences, Powers, Rights and Limitations in accordance with the foregoing resolution and the provisions of Delaware Nevada law.