Common use of The Conversion Shares Clause in Contracts

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, such number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstanding. Any shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "Conversion Shares" and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant Shares are sometimes collectively referred to as the "Shares".

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time to time be sufficient Stock, to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstandingWarrants. Any shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "Conversion Shares" and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant Shares are sometimes collectively referred to as the "Shares".

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholdersshareholders, such a sufficient number of its authorized but unissued shares of Common Stock as shall from time to time be sufficient to effect satisfy the rights of conversion of all the holders of the Preferred Shares and exercise of the Warrants then outstandingShares. Any shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "Conversion Shares" and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant Conversion Shares are sometimes collectively referred to as the "Shares".

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholdersshareholders, such a sufficient number of its authorized but unissued shares of Common Stock as shall from time to time be sufficient to effect satisfy the rights of conversion of all of under the Preferred Shares and exercise of the Warrants then outstandingShares. Any shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "Conversion Shares." and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant Conversion Shares are sometimes collectively referred to as the "Shares.".

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time Stock, par value $0.001 per share (the "Common Stock"), to time be sufficient to effect satisfy the rights of conversion of all the holders of the Preferred Shares and exercise of the Warrants then outstandingShares. Any shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "Conversion Shares" and the "Warrant Shares", respectively. The Preferred Shares, and the Conversion Shares and the Warrant Shares are sometimes collectively referred to as the "Shares".

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, such a sufficient number of authorized but unissued shares of Voting Common Stock as shall from time to time be sufficient to effect satisfy the rights of conversion of all the Series A Holders of the Preferred Shares and exercise of MDCM of the Warrants then outstandingNonvoting Common Shares. Any shares of Voting Common Stock issuable upon conversion of the Preferred Shares and exercise of or the Warrants Nonvoting Common Shares (and such shares when issued) are herein referred to as the "Conversion Shares." and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant Conversion Shares are sometimes collectively referred to as the "Shares.".

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time Stock, par value $.10 per share (the "Common Stock"), to time be sufficient to effect satisfy the rights of conversion of all the holders of the Preferred Shares and exercise as of the Warrants then outstandingdate of this Agreement. Any shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "Conversion Shares" and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant Conversion Shares are sometimes collectively referred to as the "Shares".

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholdersshareholders, such a sufficient number of its shares of Common Stock as shall from time to time be sufficient to effect satisfy the rights of conversion of all the holders of the Preferred Shares and exercise of the Warrants then outstandingPurchased Shares. Any shares of Common Stock issuable upon conversion of the Preferred Purchased Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "Conversion Shares." and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Purchased Shares and the Warrant Conversion Shares are sometimes collectively referred to as the "Shares.".

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, such number of shares of Company common stock, par value $.001 per share (the “Common Stock Stock”) as shall from time to time be sufficient to effect the conversion of all of the Preferred Shares and exercise then outstanding; provided that the number of shares of Common Stock so reserved shall at no time be less than 100% of its authorized but unissued shares of its Common Stock, to effect the conversion of the Warrants then outstandingPreferred Shares. Any shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "“Conversion Shares" and the "Warrant Shares", respectively”. The Preferred Shares, the Conversion Shares and the Warrant Conversion Shares are sometimes collectively referred to as the "“Shares"”.

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, such solely for the purpose of issuance upon the conversion of the Preferred Shares, a sufficient number of its authorized but unissued shares of its Common Stock as shall from time to time be sufficient Stock, par value $.001 per share (the "Common Stock"), to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstandingShares. Any shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "Conversion Shares." and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant Conversion Shares are sometimes collectively referred to as the "Shares.".

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time to time be sufficient Stock, to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstandingWarrants. Any shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "Conversion Shares" and the "Warrant Shares", ," respectively. The Preferred Shares, the Conversion Shares and the Warrant Shares are sometimes collectively referred to as the "Shares".

The Conversion Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, such a sufficient number of its authorized but unissued shares of its Common Stock as shall from time to time be sufficient Stock, to effect the conversion of all of the Preferred Shares and exercise of the Warrants then outstandingWarrants. Any shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrants (and such shares when issued) are herein referred to as the "Conversion Shares" and the "Warrant Shares", respectively. The Preferred Shares, the Conversion Shares and the Warrant Shares are sometimes collectively referred to collectively as the "Shares".