Common use of Issue of Warrant to Purchasers; Form of Warrants Clause in Contracts

Issue of Warrant to Purchasers; Form of Warrants. The Company shall on the ------------------------------------------------ date hereof issue and deliver to the Purchasers for the consideration specified in the Purchase Agreement, Warrants to purchase an aggregate of Three Hundred Thousand (300,000) shares of Common Stock, subject to adjustment pursuant to Section 8 hereof. Each Purchaser shall receive a Warrant to purchase that number of shares of Common Stock set forth opposite such Purchaser's name on Schedule I attached hereto. Each Warrant, and any additional Warrants which may be issued upon partial exercise, replacement or transfer of such Warrant or Warrants, shall be evidenced by, and subject to the terms of, a Warrant Certificate (including the Forms of Election to Purchase and Assignment attached thereto, a "Warrant Certificate") in the form of Exhibit A attached hereto, in each case executed on behalf of the Company by the manual or facsimile signature of the President or Vice President of the Company, under its corporate seal affixed or in facsimile, and attested by the Secretary or an Assistant Secretary of the Company. A Warrant Certificate evidencing the original Warrant issued to each Purchaser shall be executed and delivered to such Purchaser simultaneously with the issuance of the Company's Senior Cumulative Convertible Preferred Stock, Series B, to such Purchaser pursuant to the Purchase Agreement. The Company will pay any documentary stamp taxes attributable to the initial issuance of Warrants and the issuance of Common Stock upon the exercise of Warrants.

Issue of Warrant to Purchasers; Form of Warrants. The Company shall on the ------------------------------------------------ date hereof issue and deliver to the Purchasers for the consideration specified in the Purchase Agreement, Warrants to purchase an aggregate of Three Five Hundred Thousand (300,000500,000) shares of Common Stock, subject to adjustment pursuant to Section 8 hereof. Each Purchaser shall receive a Warrant to purchase that number of shares of Common Stock set forth opposite such Purchaser's name on Schedule I attached hereto. Each Warrant, and any additional Warrants which may be issued upon partial exercise, replacement or transfer of such Warrant or Warrants, shall be evidenced by, and subject to the terms of, a Warrant Certificate (including the Forms of Election to Purchase and Assignment attached thereto, a "Warrant Certificate") in the form of Exhibit A attached hereto, in each case executed on behalf of the Company by the manual or facsimile signature of the President or Vice President of the Company, under its corporate seal affixed or in facsimile, and attested by the Secretary or an Assistant Secretary of the Company. A Warrant Certificate evidencing the original Warrant issued to each Purchaser shall be executed and delivered to such Purchaser simultaneously with the issuance of the Company's Senior Cumulative Convertible Preferred Stock, Series B, to such Purchaser pursuant to the Purchase Agreement. The Company will pay any documentary stamp taxes attributable to the initial issuance of Warrants and the issuance of Common Stock upon the exercise of Warrants.

Issue of Warrant to Purchasers; Form of Warrants. The Company shall on the ------------------------------------------------ date hereof issue and deliver to the Purchasers for the no additional consideration specified in the Purchase Agreement, Warrants to purchase an aggregate of Three Million Seven Hundred Fifty Thousand (300,0003,750,000) shares of Common Stock, subject to adjustment pursuant to Section 8 hereof. Each Purchaser shall receive a Warrant to purchase that number of shares of Common Stock set forth opposite such Purchaser's name on Schedule I attached hereto. Each Warrant, and any additional Warrants which may be issued upon partial exercise, replacement or transfer of such Warrant or Warrants, shall be evidenced by, and subject to the terms of, a Warrant Certificate (including the Forms of Election to Purchase and Assignment attached thereto, a "Warrant Certificate") in the form of Exhibit A attached hereto, in each case executed on behalf of the Company by the manual or facsimile signature of the President or Vice President of the Company, under its corporate seal affixed or in facsimile, and attested by the Secretary or an Assistant Secretary of the Company. A Warrant Certificate evidencing the original Warrant issued to each Purchaser shall be executed and delivered to such Purchaser simultaneously with the issuance execution of the Company's Senior Cumulative Convertible Preferred Stock, Series B, to such Purchaser pursuant to the Purchase this Agreement. The Company will pay any documentary stamp taxes attributable to the initial issuance of Warrants and the issuance of Common Stock upon the exercise of Warrants.

Issue of Warrant to Purchasers; Form of Warrants. The Company shall on the ------------------------------------------------ date hereof issue and deliver to the Purchasers for the consideration specified in the Purchase Agreement, Warrants to purchase an aggregate of Three Hundred Thousand (300,000) 215,000 shares of Common Stock, subject to adjustment pursuant to Section 8 hereof, for the purchase price set forth in the Purchase Agreement. Each Purchaser shall receive a Warrant to purchase that the number of shares of such Common Stock set forth opposite such Purchaser's name on Schedule I attached hereto. Each Warrant, and any additional Warrants which may be issued upon partial exercise, replacement or transfer of such Warrant or Warrants, shall be evidenced by, and subject to the terms of, a Warrant Certificate (including the Forms of Election to Purchase and Assignment attached thereto, a "Warrant Certificate") in the form of Exhibit A attached hereto, in each case executed on behalf of the Company by the manual or facsimile signature of the President or Vice President of the Company, under its corporate seal affixed or in facsimile, and attested to by the Secretary or an Assistant Secretary of the Company. A Warrant Certificate evidencing the original Warrant issued to each Purchaser shall be executed and delivered to such Purchaser simultaneously with the issuance execution of the Company's Senior Cumulative Convertible Preferred Stock, Series B, to such Purchaser pursuant to the Purchase this Agreement. The Company will pay any documentary stamp taxes attributable to the initial issuance of Warrants and the issuance of Common Stock upon the exercise of Warrants.