Common use of The Rights Offering Clause in Contracts

The Rights Offering. Following the Closing, the Company may commence a rights offering (the “Rights Offering”) providing holders of record of the Common Stock as of the close of business on a record date prior to the Closing to be selected by the Company with the right to purchase Common Stock at the same price per share as that paid by the Investor. The rights would not be transferable and would provide for the purchase of up to $2 million of Common Stock in the aggregate by such existing stockholders.

The Rights Offering. Following the Closing, the Company may will commence a rights offering (the “Rights Offering”) providing holders of record of the Common Stock as of the close of business on a record date prior to the Business Day immediately preceding the Closing to be selected by the Company Date with the right to purchase Common Stock at the same price per share as that paid by the Investor. The rights would not will be transferable and would will provide for the purchase of up to $2 million 20,000,000 of Common Stock in the aggregate by such existing stockholdersshareholders.

The Rights Offering. Following the Closing, the Company may commence a rights offering (the “Rights Offering”) providing holders of record of the Common Stock as of the close of business on a record date prior to the Closing to be selected by the Company with the right to purchase Common Stock at the same price per share as that paid by the Investor. The rights would not be transferable and would provide for the purchase of up to $2 million of Common Stock in the aggregate by such existing stockholders.. Table of Contents