Common use of Common Stock Purchase Warrants Clause in Contracts

Common Stock Purchase Warrants. 4,000,000 “cashless” common stock purchase warrants. The warrants shall be exercisable for a term of 5 years at an exercise price equal to 110% of the closing market price as of April 24, 2006 and shall vest at a rate of 2,000,000 upon execution of this Agreement and 500,000 shares every 90 days thereafter.

Common Stock Purchase Warrants. 4,000,000 “cashless” Common stock purchase warrants (in the form attached as Exhibit A) to purchase 1,000,000 shares of the Company’s common stock purchase warrants. The warrants shall be exercisable for a term of 5 years at an exercise price equal to 110% of the closing market price of the Company’s common stock as of April 24, 2006 2006. The warrants shall have a term of 5 years and shall vest to the holder at a rate of 2,000,000 upon execution of this Agreement and 500,000 shares 250,000 warrants every 90 days thereafterdays.