Common use of Authorization of Sale of the Shares and Warrants Clause in Contracts

Authorization of Sale of the Shares and Warrants. Subject to the terms and conditions of this Agreement, the Company has authorized the issuance and sale of up to 13,214,317 shares of common stock, no par value (the “Common Stock”), of the Company, and warrants to purchase up to 4,404,772 shares of Common Stock, in one or more transactions that are exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), provided by Section 4(2) thereof and Rule 506 of Regulation D thereunder.

Authorization of Sale of the Shares and Warrants. Subject to the terms and conditions of this Agreement, the Company has authorized the issuance and sale of up to 13,214,317 (i) 1,180,000 shares (the “Shares”) of common stock, no $.001 par value per share (the “Common Stock”), of the Company, Company and (ii) 200,000 five-year warrants in the form of Exhibit A attached hereto (the “Warrants”) to purchase up to 4,404,772 an additional 200,000 shares of Common Stock, in one or more transactions that are exempt from the registration requirements Stock at an exercise price of the Securities Act of 1933, as amended $4.50 per share (the “Securities ActWarrant Shares”), provided by Section 4(2) thereof and Rule 506 of Regulation D thereunder.

Authorization of Sale of the Shares and Warrants. Subject to the terms and conditions of this Agreement, the Company has authorized (i) the issuance and sale of up to 13,214,317 468,750 shares of common stock, no par value (the “"SHARES") of Common Stock”), Stock and (ii) the issuance of warrants in substantially the Company, and warrants form attached hereto as Exhibit A to purchase up to 4,404,772 950,000 shares of Common StockStock (the "WARRANTS", in one or more transactions that are exempt from and together with the registration requirements Shares, the "SECURITIES"). The securities (including Common Stock and any other securities) issuable upon exercise of the Securities Act of 1933, Warrants are referenced herein as amended (the “Securities Act”), provided by Section 4(2) thereof and Rule 506 of Regulation D thereunder"WARRANT SHARES".

Authorization of Sale of the Shares and Warrants. Subject to the terms and conditions of this Agreement, the Company has authorized the issuance and sale of up to 13,214,317 10,000,000 shares (the "Shares") of common stock, no par value $0.001 per share (the “"Common Stock”"), of the Company, Company and 3,500,000 warrants to purchase up to 4,404,772 shares one share of Common Stock, in one or more transactions that are exempt from the registration requirements of the Securities Act of 1933, as amended Stock (the “Securities Act”"Warrants" and, together with the Shares, the "Securities"), provided by Section 4(2) thereof . The Company reserves the right to increase or decrease the number of Shares and Rule 506 the number of Regulation D thereunderWarrants sold in this private placement prior to the Closing Date.

Authorization of Sale of the Shares and Warrants. Subject to the terms and conditions of this Agreement, the Company has authorized the issuance and sale of up to 13,214,317 10,000,000 shares (the “Shares”) of common stock, no par value $0.001 per share (the “Common Stock”), of the Company, Company and 3,500,000 warrants to purchase up to 4,404,772 shares one share of Common Stock, in one or more transactions that are exempt from the registration requirements of the Securities Act of 1933, as amended Stock (the “Securities ActWarrants” and, together with the Shares, the “Securities”), provided by Section 4(2) thereof . The Company reserves the right to increase or decrease the number of Shares and Rule 506 the number of Regulation D thereunderWarrants sold in this private placement prior to the Closing Date.