Common use of Issuance of Additional Warrants Clause in Contracts

Issuance of Additional Warrants. In consideration of the agreements herein, the Company hereby agrees that, upon the closing of the IPO, the payment of the principal of the Notes and the conversion of the accrued interest thereon, the Company shall, for no additional monetary consideration, cause Registrant to issue and deliver to each holder of Notes, a warrant to purchase seventy-five (75) shares of Registrant Common Stock for each One Thousand Dollars ($1,000) in original principal amount of such holder's Notes at an exercise price equal to 120% of the IPO Price (the "Warrants").

Issuance of Additional Warrants. In consideration of the agreements herein, the Company hereby agrees that, upon the closing of the IPOIP0, the payment of the principal of the Notes and the conversion of the accrued interest thereon, the Company shall, for no additional monetary consideration, cause the Registrant to issue and deliver to each holder of Notes, a warrant to purchase seventy-five (75) shares of Registrant Common Stock common stock (the "Warrant Shares") for each One Thousand Dollars ($1,000) in original principal amount of such holder's Notes at an exercise price equal to 120% of the IPO Price (the "Warrants").

Issuance of Additional Warrants. In consideration of the agreements herein, the Company hereby agrees that, upon the closing of the IPO, the payment of the principal of the Notes and the conversion of the accrued interest thereon, the Company shall, for no additional monetary consideration, cause the Registrant to issue and deliver to each holder of Notes, a warrant to purchase seventy-five (75) shares of Registrant Common Stock common stock (the "Warrant Shares") for each One Thousand Dollars ($1,000) in original principal amount of such holder's Notes at an exercise price equal to 120% of the IPO Price (the "Warrants").