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

GRANT OF THE RIGHT TO PURCHASE PREFERRED 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 up to 312,500 shares of the Preferred Stock (defined below). The Exercise Price of such shares 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 PREFERRED STOCK. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitledentitled to subscribe for and purchase from the Company, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company up to 312,500 shares of the Preferred Stock (defined below). The Exercise Price of such shares is subject to adjustment as provided in Section 8. As used herein9 hereof, 110,018 fully paid and non-assessable shares of the following terms shall have Series C Preferred Stock at a purchase price equal to the following meanings:Exercise Price.

GRANT OF THE RIGHT TO PURCHASE PREFERRED 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 to and purchase, from the Company up to 312,500 Company, 22,222 fully paid and non-assessable shares of the Company's Series A Preferred Stock (defined below"Preferred Stock") at a purchase price of $2.70 per share (the "Exercise Price"). The Exercise Price number and purchase price of such shares is are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:8 hereof.

GRANT OF THE RIGHT TO PURCHASE PREFERRED 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 Company, up to 312,500 $225,000 of fully paid and non-assessable shares of the Preferred Stock at the Exercise Price (as defined below). The Exercise Price of such shares 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 PREFERRED 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 up to 312,500 Company, 235,916 fully paid and non-assessable shares of the Preferred Stock (as defined below) at a purchase price of $1.0597 per share (the “Exercise Price”). The number and Exercise Price of such shares is 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 PREFERRED 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 up to 312,500 Company, an aggregate number of fully paid and non-assessable shares of the Preferred Stock equal to the quotient derived by dividing (a) $200,000.00 by (b) the Exercise Price (defined below). The Exercise Price of such shares 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 PREFERRED 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 up to 312,500 Company, 302,143 fully paid and non-assessable shares of the Preferred Stock (as defined below) at a purchase price of $3.50 per share (the “Exercise Price”). The number and Exercise Price of such shares is 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 PREFERRED 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 up to 312,500 Company, 411,523 fully paid and non-assessable shares of the Preferred Stock (as defined below) at a purchase price of $1.215 per share (the “Exercise Price”). The number and Exercise Price of such shares is 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 PREFERRED 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 up to 312,500 Company, 65,000 fully paid and non-assessable shares of the Preferred Stock (as defined below) at a purchase price of $10.00 per share (the “Exercise Price”). The number and Exercise Price of such shares is 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 PREFERRED 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 up to 312,500 Company, 47,183 fully paid and non-assessable shares of the Preferred Stock (as defined below) at a purchase price of $1.0597 per share (the “Exercise Price”). The number and Exercise Price of such shares is 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 PREFERRED STOCK. For value received, the 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 to and purchase, from the Company up to 312,500 Company, ______ fully paid and non-assessable shares of the Company's Series _ Preferred Stock (defined below"Preferred Stock") at a purchase price of $____ per share (the "Exercise Price"). The Exercise Price number and purchase price of such shares is are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:8 hereof.

GRANT OF THE RIGHT TO PURCHASE PREFERRED 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 up to 312,500 shares Company, an aggregate number of the fully paid and nonassessable Preferred Stock equal to the quotient derived by dividing the Warrant Coverage Amount (as defined below). The ) by the Exercise Price of such shares is subject to adjustment as provided in Section 8Price. As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE PREFERRED 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 up to 312,500 Company, 284,810 fully paid and non-assessable shares of the Preferred Stock (as defined below) at a purchase price of $1.58 per share (the “Exercise Price”). The number and Exercise Price of such shares is 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 PREFERRED 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 up to 312,500 8,130 fully paid and non-assessable shares of the Company's Series F Preferred Stock (defined below"Preferred Stock"). The exercise price ("Exercise Price Price") shall be equal to $6.15 per share. The number and purchase price of such shares is are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:8 hereof.

GRANT OF THE RIGHT TO PURCHASE PREFERRED 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 up to 312,500 Company, 444,800 shares of the Preferred Stock (as defined below), at a purchase price of $1.00 per share (the “Exercise Price”). The number and Exercise Price of such shares is 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 PREFERRED 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 Company, up to 312,500 1,710,620 fully paid and non-assessable shares of the Preferred Stock (as defined below) at the Exercise Price (as defined below). The Exercise Price of such shares 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 PREFERRED STOCK. For value received, the Company hereby grants to the Warrantholder, and Warrantholder the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, right to subscribe for and purchase, purchase from the Company up to 312,500 Company, an aggregate number of fully paid and non-assessable shares of the Preferred Stock equal to the quotient derived by dividing (a) $170,000 by (b) the Exercise Price (defined below). The Exercise Price of such shares 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 PREFERRED 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 up to 312,500 Company, an aggregate number of fully paid and non-assessable shares of the Preferred Stock equal to the quotient derived by dividing (a) $300,000.00 by (b) the Exercise Price (defined below). The Exercise Price of such shares is subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings: