Common use of Vesting of Warrant Clause in Contracts

Vesting of Warrant. The Warrant Shares shall vest and become exercisable in full as follows: (i) 14,000,000 Warrant Shares shall vest and become exercisable upon the issuance of this Warrant; and (ii) with respect to the remaining 20,000,000 Warrant Shares that did not vest and become immediately exercisable upon the issuance of this Warrant, for each share of Common Stock that is issued upon the conversion of any Outstanding Convertible Notes into shares of Common Stock in accordance with the terms of the Existing Convertible Note Indenture or the New Convertible Note Indenture, as applicable, one of such Warrant Shares shall vest and become exercisable; provided that upon the earliest date on which at least 50% of the aggregate principal amount of the Outstanding Convertible Notes are converted into shares of Common Stock in accordance with the terms of the Existing Convertible Note Indenture or the New Convertible Note Indenture, as applicable, all remaining Warrant Shares shall vest and become immediately exercisable.