Common use of EQUITY-INITIAL ISSUANCE Clause in Contracts

EQUITY-INITIAL ISSUANCE. (a) Warrants-Non-Cancellable. Parent shall issue to each Lender at the time of closing the Loan, in consideration for the granting of the Loan, and payment by Lenders concurrently with execution and delivery of this Agreement of $.0001 per share of common stock, negotiable Warrants to acquire the following shares of common stock of Parent: Lender Warrants ------ -------- WPLP 110,273 Pacific 172,351 Chase 228,927 American 39,666 Bund 3,793 Yocux 992 Volunteer 1,487 McMixxxx 496 Mackxxxxx-XX 19,833 Shepxxx 992 Mackxxxxx-XX 5,108 Grove 2,975 Kalixx 2,479 Marlxx 99 Boylx 992 Amstxx 2,628 Kantxxx 1,165 Willxxxx 744 ------- 595,000 The Warrants issued shall be in the form set forth in Exhibit B-1 attached hereto.

EQUITY-INITIAL ISSUANCE. (a) Warrants-Non-Cancellable. Parent shall issue to each Lender at the time of closing the Loan, in consideration for the granting of the Loan, and payment by Lenders concurrently with execution and delivery of this Agreement of $.0001 per share of common stock, negotiable Warrants to acquire the following shares of common stock of Parent: Lender Warrants ------ -------- WPLP 110,273 72,816 Pacific 172,351 104,784 Chase 228,927 222,000 American 39,666 22,200 Bund 3,793 2,634 Yocux 992 740 Volunteer 1,487 McMixxxx 496 1,110 Mackxxxxx-XX 19,833 26,001 Shepxxx 992 740 Mackxxxxx-XX 5,108 1,887 Grove 2,975 26,001 Kalixx 2,479 Marlxx 99 1,480 Boylx 992 Amstxx 2,628 370 Kantxxx 1,165 696 Willxxxx 744 ------- 595,000 401 Kent 26,001 JWilliams 2,812 Auton 1,406 Jakimcius 1,036 Kurex 1,553 Richxxxxxx 1,332 The Warrants issued shall be in the form set forth in Exhibit B-1 attached hereto.