Common use of Issuance of Underwriter’s Warrants Clause in Contracts

Issuance of Underwriter’s Warrants. On the Closing Date of the Offering, at a price of $0.001 per warrant, the Company will issue to the Underwriter and its designees, warrants (the “Underwriter’s Warrants”) substantially in the form filed as an Exhibit to the Registration Statement with such changes therein, if any, as may be agreed upon by the Company and the Underwriter, to purchase the number of shares of common stock equal to 10% of the Units sold in the Offering for a term beginning on the Effective Date and ending on the date which is five years from the Effective Date at an exercise price per share equal to 125% of the offering price per share of Units sold in the Offering. The Underwriter’s Warrant Shares shall be registered on the Registration Statement for the Offering. The Underwriter’s Warrants shall also contain a net exercise provision and anti-dilution provisions for stock splits, recombinations, and reorganizations and shall otherwise be in form and substance satisfactory to the Underwriter. For a period of 180 days from the Effective Date, the Underwriter’s Warrants may not be transferred other than to officers and employees of the Underwriter who are also shareholders of the Underwriter, or by will, pursuant to the laws of descent and distribution, or by the operation of law.

Issuance of Underwriter’s Warrants. On the Closing Date of the Offering, at a price of $0.001 per warrant, the Company will issue to the Underwriter Underwriters and its their designees, warrants (the “Underwriter’s Underwriters’ Warrants”) substantially in the form filed as an Exhibit to the Registration Statement with such changes therein, if any, as may be agreed upon by the Company and the UnderwriterUnderwriters, to purchase the number of shares of common stock Common Stock equal to 10% of the Units sold in the Offering for a term beginning on the Effective Closing Date and ending on the date which is five years from the Effective Closing Date at an exercise price per share equal to 125% of the offering price per share of Units sold in the Offering. The Underwriter’s Underwriters’ Warrant Shares shall be registered on the Registration Statement for the Offering. The Underwriter’s Underwriters’ Warrants shall also contain a net exercise provision and anti-dilution provisions for stock splits, recombinations, and reorganizations and shall otherwise be in form and substance satisfactory to the UnderwriterUnderwriters. For a period of 180 days from the Effective Date, the Underwriter’s The Underwriters’ Warrants may not be transferred other than to officers and employees of the Underwriter Underwriters who are also shareholders of the UnderwriterUnderwriters, or by will, pursuant to the laws of descent and distribution, or by the operation of law.

Issuance of Underwriter’s Warrants. On the Closing Date of the Offering, at a price of $0.001 per warrant, the Company will issue to the Underwriter Underwriters and its their designees, warrants (the “Underwriter’s Underwriters’ Warrants”) substantially in the form filed as an Exhibit to the Registration Statement with such changes therein, if any, as may be agreed upon by the Company and the UnderwriterUnderwriters, to purchase the number of shares of common stock Common Stock equal to 10% of at the Units Shares sold in the Offering for a term beginning on the Effective date which is one year from the Closing Date and ending on the date which is five years from the Effective Closing Date at an exercise price per share equal to 125165% of the offering price per share of Units Shares sold in the Offering. The Underwriter’s Warrant Shares shall be registered on the Registration Statement for the Offering. The Underwriter’s Underwriters’ Warrants shall also contain a net exercise provision and anti-dilution provisions for stock splits, recombinations, and reorganizations and shall otherwise be in form and substance satisfactory to the UnderwriterUnderwriters. For a period of 180 days from the Effective Date, the Underwriter’s The Underwriters’ Warrants may not be transferred other than to officers and employees of the Underwriter Underwriters who are also shareholders of the UnderwriterUnderwriters, or by will, pursuant to the laws of descent and distribution, or by the operation of law...