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

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. 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 to and purchase, from the Company, 11,750 fully paid and nonassessable shares of the Company's Series B Preferred Stock ("Preferred Stock") at a purchase price of $2.75 per share (the "Exercise Price"); [provided, however, in the event of an automatic conversion of all preferred stock of the Company pursuant to Article III. 4.(b) of the Company's Amended and Restated Articles of Incorporation, this Warrant Agreement shall automatically become exercisable for that number of shares of Common Stock that would have been received if this Warrant Agreement had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event. The Exercise Price shall be automatically adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for which this Warrant Agreement was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant Agreement is exercisable immediately after such conversion.] The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. 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 to and purchase, from the Company, 11,750 68,062 fully paid and nonassessable non- assessable shares of the Company's Series B Preferred Stock ("Preferred Stock") at a purchase price of $2.75 1.1754 per share (the "Exercise Price"); [provided, however, . The number and purchase price of such shares are subject to adjustment as provided in the event of an automatic conversion of Section 8 hereof. If all preferred stock of the Company pursuant to Article III. 4.(b) Company's outstanding Preferred Stock is converted into shares of Common Stock in connection with the registration of the Company's Common Stock under the Securities Act of 1933, as amended, or otherwise in accordance with the terms of the Company's Amended and Restated Articles of Incorporation, then this Warrant Agreement shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant Agreement had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event. The , and the Exercise Price shall be automatically adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for which this Warrant Agreement was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant Agreement is exercisable immediately after such conversion.] . The number and purchase price shares of such shares are Preferred Stock or Common Stock subject to adjustment this Warrant, as provided in Section 8 hereofthe case may be, are sometimes referred to herein as "Warrant Stock".

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. 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 to and purchase, from the Company, 11,750 21,429 fully paid and nonassessable non- assessable shares of the Company's Series B A Convertible Preferred Stock ("Preferred Stock") at a purchase price of $2.75 1.05 per share (the "Exercise Price"); [provided, however, . The number and purchase price of such shares are subject to adjustment as provided in the event of an automatic conversion of Section 8 hereof. If all preferred stock of the Company pursuant to Article III. 4.(b) Preferred Stock is converted into shares of Common Stock in connection with a registration of the Company's Amended and Restated Articles of IncorporationCommon Stock under the 1933 Act, then this Warrant Agreement shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant Agreement had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event. The , and the Exercise Price shall be automatically adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for this which this Warrant Agreement was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant Agreement is exercisable immediately after such conversion.] The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. 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 to and purchase, from the Company, 11,750 9,700 fully paid and nonassessable non-assessable shares of the Company's Series B A Preferred Stock ("Preferred Stock") at a purchase price of $2.75 2.00 per share (the "Exercise Price"); [provided, however, . The number and purchase price of such shares are subject to adjustment as provided in the event of an automatic conversion of Section 8 hereof. If all preferred stock of the Company pursuant to Article III. 4.(b) Preferred Stock is converted into shares of Common Stock in connection with a registration of the Company's Amended and Restated Articles Common Stock under the Securities Act of Incorporation1933, as amended, then this Warrant Agreement shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant Agreement had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event. The , and the Exercise Price shall automatically be automatically adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for which this Warrant Agreement was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant Agreement is exercisable immediately after such conversion.] The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. 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 to and purchase, from the Company, 11,750 9,300 fully paid and nonassessable shares of the Company's Series B C Preferred Stock ("Preferred Stock") at a purchase price of $2.75 4.20 per share (the "Exercise Price"); [provided, however, in the event of an automatic conversion of all preferred stock of the Company pursuant to Article III. 4.(b4. (b) of the Company's Amended and Restated Articles of Incorporation, this Warrant Agreement shall automatically become exercisable for that number of shares of Common Stock that would have been received if this Warrant Agreement had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event. The Exercise Price shall be automatically adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for which this Warrant Agreement was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant Agreement is exercisable immediately after such conversion.] The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. 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 to and purchase, from the Company, 11,750 23,351 fully paid and nonassessable non-assessable shares of the Company's Series B A Preferred Stock ("Preferred Stock") at a purchase price of $2.75 2.00 per share (the "Exercise Price"); [provided, however, . The number and purchase price of such shares are subject to adjustment as provided in the event of an automatic conversion of Section 8 hereof. If all preferred stock of the Company pursuant to Article III. 4.(b) Preferred Stock is converted into shares of Common Stock in connection with a registration of the Company's Amended and Restated Articles Common Stock under the Securities Act of Incorporation1933, as amended, then this Warrant Agreement shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant Agreement had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event. The , and the Exercise Price shall automatically be automatically adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for which this Warrant Agreement was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant Agreement is exercisable immediately after such conversion.] The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.