Common use of Bridge Warrant Clause in Contracts

Bridge Warrant. In conjunction with the purchase of a Bridge Note by the Investor, the Company will issue to the Investor a Bridge Warrant in substantially the form attached to this Agreement as Exhibit B. The Bridge Warrant will entitle the Investor to purchase Fifty Thousand (50,000) shares of Common Stock for every $100,000 in principal amount of the Bridge Notes. If the Investor purchases a Bridge Note in an amount which is not divisible by $100,000, the Investor shall receive a pro rata number of Warrant Shares under the Bridge Note based on the amount of the Bridge Note. The Bridge Warrant will have an exercise price of $1.25 per share and will expire seven (7) years from the date of issuance.

Bridge Warrant. In conjunction with the purchase of a Bridge Note by the Investor, the Company will issue to the Investor a Bridge Warrant in substantially the form attached to this Agreement the Memorandum as Exhibit B. D. The Bridge Warrant will entitle the Investor to purchase Fifty Two Thousand Five Hundred (50,0002,500) shares of Common Stock for every $100,000 25,000 in principal amount of the Bridge Notes. If the Investor purchases a Bridge Note in an amount which is not divisible by $100,000, the Investor shall receive a pro rata number of Warrant Shares under the Bridge Note based on the amount of the Bridge Note. The Bridge Warrant will have an exercise price of $1.25 3.75 per share and will expire seven five (75) years from the date of issuance.