Common use of DESCRIPTION OF THE WARRANTS Clause in Contracts

DESCRIPTION OF THE WARRANTS. The Company's Warrants may be exercised on or after ___________, 1998 and expire at 5:00 p.m. New York time on __________, 2002 (the "Expiration Date"), subject to (i) the Company's right to extend the Expiration Date, at which time all rights evidenced by the Warrants shall cease and the Warrants shall become void and (ii) certain redemption rights commencing on or after ____________, 1998. In accordance with the provisions of the Warrant Agreement, the holder of each Warrant shall have the right to purchase from the Company, and the Company shall issue and sell to such holders of Warrants, one fully paid and non-assessable share of the Company's Common Stock for every Warrant exercised at an Exercise Price of $5.00 per share, subject to adjustment as provided in the Warrant Agreement.

DESCRIPTION OF THE WARRANTS. The Company's Warrants may be exercised on or after ___________, 1998 and expire at 5:00 p.m. New York time on __________, 2002 2003 (the "Expiration Date"), subject to (i) the Company's right to extend the Expiration Date, at which time all rights evidenced by the Warrants shall cease and the Warrants shall become void and (ii) certain redemption rights commencing on or after __________, __, 1998__. In accordance with the provisions of the Warrant Agreement, the holder of each Warrant shall have the right to purchase from the Company, and the Company shall issue and sell to such holders of Warrants, one fully paid and non-assessable share of the Company's Common Stock for every Warrant exercised at an Exercise Price of $5.00 10.00 per share, subject to adjustment as provided in the Warrant Agreement.

DESCRIPTION OF THE WARRANTS. The Company's Warrants may be exercised on or after ___________, 1998 and expire at 5:00 p.m. New York time on __________, 2002 (the "Expiration Date"), subject to (i) the Company's right to extend the Expiration Date, at which time all rights evidenced by the Warrants shall cease and the Warrants shall become void and (ii) certain redemption rights commencing on or after ____________, 1998. In accordance with the provisions of the Warrant Agreement, the holder of each Warrant shall have the right to purchase from the Company, and the Company shall issue and sell to such holders of Warrants, one fully paid and non-assessable share of the Company's Common Stock for every Warrant exercised at an Exercise Price of $5.00 per share5.50, subject to adjustment as provided in the Warrant Agreement.

DESCRIPTION OF THE WARRANTS. The Company's Warrants may be exercised on or after ___________, 1998 and expire at 5:00 p.m. New York time on __________, 2002 2001 (the "Expiration Date"), subject to (i) the Company's right to extend the Expiration Date, at which time all rights evidenced by the Warrants shall cease and the Warrants shall become void and (ii) certain redemption rights commencing on or after ____________, 1998. In accordance with the provisions of the Warrant Agreement, the holder of each Warrant shall have the right to purchase from the Company, and the Company shall issue and sell to such holders of Warrants, one fully paid and non-assessable share of the Company's Common Stock for every Warrant exercised at an Exercise Price of $5.00 5.25 per share, subject to adjustment as provided in the Warrant Agreement.