Common use of Class B Warrants Clause in Contracts

Class B Warrants. On the Closing Date, the Company will issue and deliver Class B Warrants to the Subscribers. Fifty (50) Class B Warrants will be issued for each one hundred (100) Shares which would be issued on the Closing Date assuming the complete conversion of the Notes issued on the Closing Date at the Conversion Price in effect on the Closing Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class B Warrant shall be $0.

Class B Warrants. On the Closing Date, the Company will issue and deliver Class B Warrants to the Subscribers. Fifty (50) One Class B Warrants Warrant will be issued for each one hundred (100) two Shares which would be issued on the Closing Date assuming the complete conversion of the Notes issued on the Closing Date at the Conversion Price in effect on the Closing Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class B Warrant shall be $0.