Common use of Grant of Warrants Clause in Contracts

Grant of Warrants. Subject to the terms, restrictions, limitations and conditions stated in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to the Initial Holder the number of Warrants set forth on the signature page hereof and beside his/her name. Subject to adjustment as provided in Section 11 of this Agreement, each Warrant initially shall be exercisable for one fully paid and nonassessable share of common stock, par value $.01 per share, of the Company (“Share”), which Warrants shall have been registered by the Company pursuant to the certain Registration Statement on Form SB-2, which became effective on , 2007 (the “Registration Statement”). The Initial Holder and all subsequent registered holders of the Warrants (each, a “Holder” and, collectively, the “Holders”) shall have the rights and obligations set forth in this Agreement.

Grant of Warrants. Subject to the terms, restrictions, limitations and conditions stated in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to the Initial Holder the number of Warrants set forth on the signature page hereof and beside his/her name. name on Exhibit A. Subject to adjustment as provided in Section 11 of this Agreement, each Warrant initially shall be exercisable for one fully paid and nonassessable share of common stock, par value $.01 per share, of the Company (“Share”), which Warrants shall have been registered by the Company pursuant to the certain Registration Statement on Form SB-2, which became effective on , 2007 (the “Registration Statement”). The Initial Holder Holders and all subsequent registered holders of the Warrants (each, a “Holder” and, collectively, the “Holders”) shall have the rights and obligations set forth in this Agreement.

Grant of Warrants. Subject to the terms, restrictions, limitations and conditions stated in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to the Initial Holder the number of Warrants set forth on the signature page hereof and beside his/her name. Subject to adjustment as provided in Section 11 of this Agreement, each Warrant initially shall be exercisable for one fully paid and nonassessable share of common stock, par value $.01 per share, of the Company (“"Share”"), which Warrants Share shall have been registered by the Company pursuant to the certain Registration Statement on Form SB-2, which became effective on ___________, 2007 (the “"Registration Statement”"). .. The Initial Holder and all subsequent registered holders of the Warrants (each, a “"Holder” " and, collectively, the “"Holders”") shall have the rights and obligations set forth in this Agreement.

Grant of Warrants. Subject to the terms, restrictions, limitations and conditions stated in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to the Initial Holder the number of Warrants set forth on the signature page hereof and beside his/her name. name on Exhibit A. Subject to adjustment as provided in Section 11 of this Agreement, each Warrant initially shall be exercisable for one fully paid and nonassessable share of common stock, par value $.01 per share, of the Company (“"Share”"), which Warrants Share shall have been registered by the Company pursuant to the certain Registration Statement on Form SB-2, which became effective on __________, 2007 (the “"Registration Statement”"). The Initial Holder Holders and all subsequent registered holders of the Warrants (each, a “"Holder” " and, collectively, the “"Holders”") shall have the rights and obligations set forth in this Agreement.