Common use of Issuance of Preference Warrants Clause in Contracts

Issuance of Preference Warrants. Preference Warrants shall be originally issued in connection with the sale of the Preference Shares to the Purchasers. Each Preference Warrant Certificate shall evidence the number of Preference Warrants specified therein. Each Preference Warrant evidenced by a Preference Warrant Certificate shall, when it becomes exercisable as provided herein and therein, initially represent the right, subject to the provisions contained herein and therein, to purchase from the Company (and the Company shall issue and sell to the holder of such Preference Warrant) 110 fully paid and non-assessable Preference Warrant Shares at an exercise price of $10.00 per share. The number of shares of the Company's common stock, par value $0.01 per share (the "Common Stock") issuable upon exercise of a Preference Warrant is subject to adjustment as provided herein and in the Preference Warrants. The shares of Common Stock issuable upon exercise of a Preference Warrant are hereinafter referred to as the "Preference Warrant Shares" and, unless the context otherwise requires, such term shall also include any other securities issuable and deliverable upon exercise of a Preference Warrant as provided in Article V, subject to adjustment as provided herein and in the Preference Warrant Certificates.

Issuance of Preference Warrants. Preference Warrants shall be originally issued in connection with the sale of the Preference Shares to the Purchasers. Each Preference Warrant Certificate shall evidence the number of Preference Warrants specified therein. Each Preference Warrant evidenced by a Preference Warrant Certificate shall, when it becomes exercisable as provided herein and therein, initially represent the right, subject to the provisions contained herein and therein, to purchase from the Company (and the Company shall issue and sell to the holder of such Preference Warrant) 110 fully paid and non-assessable Preference Warrant Shares at an exercise price of $10.00 per share. The number of shares of the Company's common stock, par value $0.01 per share (the "Common StockCOMMON STOCK") issuable upon exercise of a Preference Warrant is subject to adjustment as provided herein and in the Preference Warrants. The shares of Common Stock issuable upon exercise of a Preference Warrant are hereinafter referred to as the "Preference Warrant SharesPREFERENCE WARRANT SHARES" and, unless the context otherwise requires, such term shall also include any other securities issuable and deliverable upon exercise of a Preference Warrant as provided in Article V, subject to adjustment as provided herein and in the Preference Warrant Certificates.