Common use of The Conversion Shares Clause in Contracts

The Conversion Shares. The Company has authorized and 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 equal to one hundred twenty percent (120%) of the number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all of the issued and outstanding Preferred Shares. Any shares of Common Stock issuable upon conversion of the Preferred Shares are herein referred to as the “Conversion Shares.” The Preferred Shares and the Conversion Shares are sometimes collectively referred to as the “Shares.” The Preferred Shares may be converted into Common Stock in accordance with the Certificate of Designation and pursuant the delivery of a conversion notice in the form attached as Exhibit B hereto.

The Conversion Shares. The Company has authorized and 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 equal to one hundred twenty percent (120%) of the number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all of the issued and outstanding Preferred Shares. Any shares of Common Stock issuable upon conversion of the Preferred Shares are herein referred to as the “"Conversion Shares.” " The Preferred Shares and the Conversion Shares are sometimes collectively referred to as the “"Shares.” " The Preferred Shares may be converted into Common Stock in accordance with the Certificate of Designation and pursuant the delivery of a conversion notice in the form attached as Exhibit B hereto.

The Conversion Shares. The Prior to the Closing, the Company has shall have authorized and reserved and covenants to continue to reservereserved, free of preemptive rights and other similar contractual rights of stockholders, such a sufficient number of authorized but unissued shares of its Common Stock equal Stock, par value $0.001 per share (the "Common Stock"), to one hundred twenty percent (120%) satisfy the rights of conversion of the number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all holders of the issued and outstanding Preferred Shares. Any shares of Common Stock issuable upon conversion of the Preferred Shares (and such shares when issued) are herein referred to as the “"Conversion Shares.” " The Preferred Shares and the Conversion Shares are sometimes collectively referred to as the “"Shares.” The Preferred Shares may be converted into Common Stock in accordance with the Certificate of Designation and pursuant the delivery of a conversion notice in the form attached as Exhibit B hereto."

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 Common Stock equal to one hundred twenty percent (120%) satisfy the rights of conversion of the number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all Holders of the issued and outstanding Preferred Shares. Any shares of Common Stock issuable upon conversion of the Preferred Shares (and such shares when issued) are herein referred to as the “"Conversion Shares.” " The Preferred Shares and the Conversion Shares are sometimes collectively referred to as the “"Shares.” The Preferred Shares may be converted into Common Stock in accordance with the Certificate of Designation and pursuant the delivery of a conversion notice in the form attached as Exhibit B hereto."