Common use of Grant and Period Clause in Contracts

Grant and Period. The above recitals are true and correct. The Public Offering has been registered under a Registration Statement on Form SB-2 (File No. 333-86643) and declared effective by the Securities and Exchange Commission (the "SEC" or "Commission") on __________, 2000 (the "Effective Date"). This Agreement, relating to the purchase of the Warrants, is entered into pursuant to the Underwriting Agreement between the Company and the Managing Underwriter in connection with the Public Offering. Pursuant to the Warrants, the Holders are hereby granted the right to purchase from the Company, at any time during the period commencing on the Effective Date and expiring five (5) years thereafter (the "Expiration Time"), up to 100,000 Shares at an initial exercise price (subject to adjustment as provided in Article 8 hereof) of $9.00 per share (150% of the public offering price) (the "Exercise Price" or "Purchase Price"), subject to the terms and conditions of this Agreement. Except as specifically otherwise provided herein, the Shares constituting the Warrant Securities shall bear the same terms and conditions as such securities described under the caption "Description of Securities" in the Registration Statement, and as designated in the Company's Articles of Incorporation and any amendments thereto, and the Holders shall have registration rights under the Securities Act of 1933, as amended (the "Act"), for the Warrants and the Shares, as more fully described in paragraph seven (7) of this Underwriter's Warrant Agreement.

Grant and Period. The above recitals are true and correct. The Public Offering has been registered under a Registration Statement on Form SB-2 (File No. 333-86643_________) and declared effective by the Securities and Exchange Commission (the "SEC" or "Commission") on __________, 2000 1999 (the "Effective Date"). This Agreement, relating to the purchase of the Warrants, is entered into pursuant to the Underwriting Agreement between the Company and the Managing Underwriter in connection with the Public Offering. Pursuant to the Warrants, the Holders are hereby granted the right to purchase from the Company, at any time during the period commencing on the Effective Date and expiring five (5) years thereafter (the "Expiration Time"), up to 100,000 Shares at an initial exercise price (subject to adjustment as provided in Article 8 hereof) of $9.00 per share (150% of the public offering price) (the "Exercise Price" or "Purchase Price"), subject to the terms and conditions of this Agreement. Except as specifically otherwise provided herein, the Shares constituting the Warrant Securities shall bear the same terms and conditions as such securities described under the caption "Description of Securities" in the Registration Statement, and as designated in the Company's Articles of Incorporation and any amendments thereto, and the Holders shall have registration rights under the Securities Act of 1933, as amended (the "Act"), for the Warrants and the Shares, as more fully described in paragraph seven (7) of this Underwriter's Warrant Agreement.

Grant and Period. The above recitals are true and correct. The Public Offering has been registered under a Registration Statement on Form SB-2 (File No. 333-8664348433) and declared effective by the Securities and Exchange Commission (the "SEC" or "Commission") on __________, 2000 1999 (the "Effective Date"). This Agreement, relating to the purchase of the Warrants, is entered into pursuant to the Underwriting Agreement between the Company and the Managing Underwriter in connection with the Public Offering. Pursuant to the Warrants, the Holders are hereby granted the right to purchase from the Company, at any time during the period commencing on the Effective Date and expiring five (5) years thereafter (the "Expiration Time"), up to 100,000 Shares at an initial exercise price (subject to adjustment as provided in Article 8 hereof) of $9.00 8.40 per share (150120% of the public offering price) (the "Exercise Price" or "Purchase Price"), subject to the terms and conditions of this Agreement. Except as specifically otherwise provided herein, the Shares constituting the Warrant Securities shall bear the same terms and conditions as such securities described under the caption "Description of Securities" in the Registration Statement, and as designated in the Company's Articles of Incorporation and any amendments thereto, and the Holders shall have registration rights under the Securities Act of 1933, as amended (the "Act"), for the Warrants and the Shares, as more fully described in paragraph seven (7) of this Underwriter's Warrant Agreement.

Grant and Period. The above recitals are true and correct. The Public Offering has been registered under a Registration Statement on Form SB-2 (File No. 333-86643) 107802 and declared effective by the Securities and Exchange Commission (the "SEC" or "CommissionCOMMISSION") on ____________, 2000 2003 (the "Effective DateEFFECTIVE DATE"). This Agreement, relating to the purchase of the Warrants, is entered into pursuant to the Underwriting Agreement between the Company and the Managing Underwriter Representative in connection with the Public Offering. Pursuant to the Warrants, the Holders are hereby granted the right to purchase from the Company, at any time during the period commencing on after the Effective Closing Date of the Offering and expiring five (5) years thereafter after the Closing Date (the "Expiration TimeEXPIRATION TIME"), up to 100,000 250,000 Shares at an initial exercise price (subject to adjustment as provided in Article 8 SECTION 7 hereof) of $9.00 8.25 per share (150165% of the public offering priceper share price of the Common Stock in the Public Offering) (the "Exercise PriceEXERCISE PRICE" or "Purchase PricePURCHASE PRICE"), subject to the terms and conditions of this Agreement. Except as specifically otherwise provided herein, the Shares constituting the Warrant Securities shall bear the same terms and conditions as such securities described under the caption "Description of SecuritiesDESCRIPTION OF SECURITIES" in the Registration Statement, and as designated in the Company's Articles of Incorporation and any amendments thereto, and the Holders shall have registration rights under the Securities Act of 1933, as amended (the "ActACT"), for the Warrants and the Shares, as more fully described in paragraph seven (7) SECTION 7 of this UnderwriterRepresentative's Warrant Agreement.

Grant and Period. The above recitals are true and correct. The Public Offering has been registered under a Registration Statement on Form SB-2 (File No. 333-86643_________) and declared effective by the Securities and Exchange Commission (the "SEC" or "Commission") on __________, 2000 1999 (the "Effective Date"). This Agreement, relating to the purchase of the Warrants, is entered into pursuant to the Underwriting Agreement between the Company and the Managing Underwriter in connection with the Public Offering. Pursuant to the Warrants, the Holders are hereby granted the right to purchase from the Company, at any time during the period commencing on the Effective Date and expiring five (5) years thereafter (the "Expiration Time"), up to 100,000 160,000 Shares at an initial exercise price (subject to adjustment as provided in Article 8 hereof) of $9.00 ____ per share (150___% of the public offering price) (the "Exercise Price" or "Purchase Price"), subject to the terms and conditions of this Agreement. Except as specifically otherwise provided herein, the Shares constituting the Warrant Securities shall bear the same terms and conditions as such securities described under the caption "Description of Securities" in the Registration Statement, and as designated in the Company's Articles of Incorporation and any amendments thereto, and the Holders shall have registration rights under the Securities Act of 1933, as amended (the "Act"), for the Warrants and the Shares, as more fully described in paragraph seven (7) of this Underwriter's Warrant Agreement.

Grant and Period. The above recitals are true and correct. The Public Offering has been registered under a Registration Statement on Form SB-2 S-1 (File No. 333-86643) 112339 and declared effective by the Securities and Exchange Commission (the "SEC" or "Commission") on __________June 16, 2000 2004 (the "Effective Date"). This Agreement, relating to the purchase of the Warrants, is entered into pursuant to the Underwriting Agreement between the Company and the Managing Underwriter Representative in connection with the Public Offering. Pursuant to the Warrants, the Holders are hereby granted the right to purchase from the Company, at any time during the period commencing on one (1) year after the Effective Closing Date of the Offering and expiring five (5) years thereafter after the Closing Date (the "Expiration Time"), up to 100,000 Shares at an initial exercise price (subject to adjustment as provided in Article 8 Section 7 hereof) of $9.00 8.70 per share (150145% of the public offering priceper share price of the Common Stock in the Public Offering) (the "Exercise Price" or "Purchase Price"), subject to the terms and conditions of this Agreement. Except as specifically otherwise provided herein, the Shares constituting the Warrant Securities shall bear the same terms and conditions as such securities described under the caption "Description of Securities" in the Registration Statement, and as designated in the Company's Articles of Incorporation and any amendments thereto, and the Holders shall have registration rights under the Securities Act of 1933, as amended (the "Securities Act"), for the Warrants and the Shares, as more fully described in paragraph seven (7) Section 7 of this UnderwriterRepresentative's Warrant Agreement.