Common use of GRANT OF THE RIGHT TO PURCHASE COMMON STOCK Clause in Contracts

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 fully paid and non-assessable shares of the Common Stock (as defined below) at a purchase price of $0.70 per share (the “Exercise Price”). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 up to [_________________________] ([___________]) fully paid and non-assessable shares of the Common Stock at the Exercise Price (as defined below) at a purchase price of $0.70 per share (the “Exercise Price”). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 up to ______ fully paid and non-assessable shares of the Common Stock at the Exercise Price (as defined below) at a purchase price of $0.70 per share (the “Exercise Price”). The number and Exercise Price of such shares are is subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 fully paid and non-assessable shares of the Common Stock Shares (as defined below,) at a purchase price of $0.70 3.71 per share (as adjusted from time to time pursuant to the terms hereof, the “Exercise Price”). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 an aggregate number of fully paid and non-assessable shares of the Common Stock equal to [ ]1. The Exercise Price (as defined below) at a purchase price of $0.70 per share (the “Exercise Price”). The number and Exercise Price of such shares are is subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 149,522 fully paid and non-assessable shares of the Common Stock (as defined below) at a purchase price of $0.70 4.18 per share (the “"Exercise Price”"). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 up to 700,000 fully paid and non-assessable shares of the Common Stock (as defined below) at a purchase price of $0.70 4.00 per share (the “Exercise Price”). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. (a) For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 fully paid and non-assessable up to the number of nonassessable shares of Common Stock equal to the Common Stock (as defined below) Share Amount at a purchase price of $0.70 per share (equal to the “Exercise Price”). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. (a) For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 fully paid and non-assessable up to 168,351 shares of the Common Stock (as defined below) ), at a purchase price per share of $0.70 per share 2.97 (the “Exercise Price”). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 up to 65,000 fully paid and non-assessable shares of the Common Stock (as defined below) the "Warrant Shares"), at a purchase price per share of $0.70 per share 1.00 (the “"Exercise Price”"). The number of Warrant Shares and the Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 fully paid and non-assessable up to [_____________] shares of the Common Stock (as defined below) Stock, at a purchase price per share of $0.70 per share 6.00 (the “Exercise Price”). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 up to 70,000 fully paid and non-assessable shares of the Common Stock (as defined below) at a purchase price of $0.70 6.00 per share (the “Exercise Price”). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. (a) For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 up to the number of fully paid and non-assessable shares of the Common Stock equal to the Number of Shares (as defined below) at a purchase price of $0.70 per share (the “Exercise Price”). The number and Exercise Price (defined below) of such shares are is subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 up to _______________ (_______) fully paid and non-assessable shares of the Common Stock at the Exercise Price (as defined below) at a purchase price of $0.70 per share (the “Exercise Price”). The number and Exercise Price of such shares are is subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants granted as of October 2, 2006 to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 up to _______________ fully paid and non-assessable shares of the Common Stock (as defined below) at a purchase price of $0.70 0.0279 per share (the “"Exercise Price”"). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE COMMON STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, 86,957 91,912 fully paid and non-assessable shares of the Common Stock (as defined below) at a purchase price of $0.70 8.16 per share (the “Exercise Price”). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings: