Preemptive Period

Preemptive Period. Means so long as the Lead Investor holds at least 50% of the shares of Common Stock purchased by the Lead Investor on the date hereof under the Agreement, as adjusted for the Reverse Stock Split (it being understood that any subsequent issuance by the Company of additional shares resulting in the dilution of the Lead Investor's ownership of the Company shall not impair Lead Investor's rights hereunder).