Common use of Offering of Warrants Clause in Contracts

Offering of Warrants. The Company proposes to offer, offer for sale, sell and issue warrants ("Warrants") to purchase up to an aggregate of 1,500,000 shares of its common stock, par value $0.0001 per share ("Common Stock"). Such Warrants comprise a part of the investment units to be sold by the Company, each unit ("Unit") consisting of two shares of Common Stock and Warrants (one $3.00 Warrant and one $4.00 Warrant) to purchase two additional shares of Common Stock. Each $4.00 Warrant entitles the registered holder thereof ("Warrant Holder") to purchase one share of Common Stock at the price of $4.00 per share. A registration statement on Form SB-2 with respect to the Warrants, including a form of prospectus, has been filed by the Company with the Securities and Exchange Commission ("Commission") under the Securities Act of 1933, as amended ("Securities Act"). One or more amendments to or changes in such registration statement have been or may be so filed, and a final form of prospectus will be filed with the Commission upon the effectiveness of such registration statement. Such registration statement (including all exhibits thereto), as amended at the time it becomes effective and at the time each post-effective amendment thereto becomes effective, and the final prospectus filed upon the effectiveness of such registration statement or post-effective amendment (including any supplements to such final prospectus filed following such effectiveness) are referred to herein, respectively, as the "Registration Statement" and the "Prospectus."

Offering of Warrants. The Company proposes to offer, offer for sale, sell and issue warrants ("Warrants") to purchase up to an aggregate of 1,500,000 shares of its common stock, par value $0.0001 per share ("Common Stock"). Such Warrants comprise a part of the investment units to be sold by the Company, each unit ("Unit") consisting of two shares of Common Stock and Warrants (one $3.00 Warrant and one $4.00 Warrant) to purchase two additional shares of Common Stock. Each $4.00 3.00 Warrant entitles the registered holder thereof ("Warrant Holder") to purchase one share of Common Stock at the price of $4.00 3.00 per share. A registration statement on Form SB-2 with respect to the Warrants, including a form of prospectus, has been filed by the Company with the Securities and Exchange Commission ("Commission") under the Securities Act of 1933, as amended ("Securities Act"). One or more amendments to or changes in such registration statement have been or may be so filed, and a final form of prospectus will be filed with the Commission upon the effectiveness of such registration statement. Such registration statement (including all exhibits thereto), as amended at the time it becomes effective and at the time each post-effective amendment thereto becomes effective, and the final prospectus filed upon the effectiveness of such registration statement or post-effective amendment (including any supplements to such final prospectus filed following such effectiveness) are referred to herein, respectively, as the "Registration Statement" and the "Prospectus."

Offering of Warrants. The Company proposes to offer, offer for sale, sell and issue warrants ("Warrants") to purchase up to an aggregate of 1,500,000 875,000 shares of its common stock, par value $0.0001 per share ("Common Stock"). Such Warrants comprise a part of the investment units to be sold by the Company, each unit ("Unit") consisting of two shares of Common Stock and Warrants (one $3.00 Warrant and one $4.00 Warrant) to purchase two additional shares of Common Stock. Each $4.00 Warrant entitles the registered holder thereof ("Warrant Holder") to purchase one share of Common Stock at the price of $4.00 per share. A registration statement on Form SB-2 with respect to the Warrants, including a form of prospectus, has been filed by the Company with the Securities and Exchange Commission ("Commission") under the Securities Act of 1933, as amended ("Securities Act"). One or more amendments to or changes in such registration statement have been or may be so filed, and a final form of prospectus will be filed with the Commission upon the effectiveness of such registration statement. Such registration statement (including all exhibits thereto), as amended at the time it becomes effective and at the time each post-effective amendment thereto becomes effective, and the final prospectus filed upon the effectiveness of such registration statement or post-effective amendment (including any supplements to such final prospectus filed following such effectiveness) are referred to herein, respectively, as the "Registration Statement" and the "Prospectus."

Offering of Warrants. The Company proposes to offer, offer for sale, sell and issue warrants ("Warrants") to purchase up to an aggregate of 1,500,000 875,000 shares of its common stock, par value $0.0001 per share ("Common Stock"). Such Warrants comprise a part of the investment units to be sold by the Company, each unit ("Unit") consisting of two shares of Common Stock and Warrants (one $3.00 1.50 Warrant and one $4.00 2.00 Warrant) to purchase two additional shares of Common Stock. Each $4.00 1.50 Warrant entitles the registered holder thereof ("Warrant Holder") to purchase one share of Common Stock at the price of $4.00 1.50 per share. A registration statement on Form SB-2 with respect to the Warrants, including a form of prospectus, has been filed by the Company with the Securities and Exchange Commission ("Commission") under the Securities Act of 1933, as amended ("Securities Act"). One or more amendments to or changes in such registration statement have been or may be so filed, and a final form of prospectus will be filed with the Commission upon the effectiveness of such registration statement. Such registration statement (including all exhibits thereto), as amended at the time it becomes effective and at the time each post-effective amendment thereto becomes effective, and the final prospectus filed upon the effectiveness of such registration statement or post-effective amendment (including any supplements to such final prospectus filed following such effectiveness) are referred to herein, respectively, as the "Registration Statement" and the "Prospectus."

Offering of Warrants. The Company proposes to offer, offer for sale, sell and issue warrants ("Warrants") to purchase up to an aggregate of 1,500,000 875,000 shares of its common stock, par value $0.0001 per share ("Common Stock"). Such Warrants comprise a part of the investment units to be sold by the Company, each unit ("Unit") consisting of two shares of Common Stock and Warrants (one $3.00 Warrant and one $4.00 Warrant) to purchase two additional shares of Common Stock. Each $4.00 3.00 Warrant entitles the registered holder thereof ("Warrant Holder") to purchase one share of Common Stock at the price of $4.00 3.00 per share. A registration statement on Form SB-2 with respect to the Warrants, including a form of prospectus, has been filed by the Company with the Securities and Exchange Commission ("Commission") under the Securities Act of 1933, as amended ("Securities Act"). One or more amendments to or changes in such registration statement have been or may be so filed, and a final form of prospectus will be filed with the Commission upon the effectiveness of such registration statement. Such registration statement (including all exhibits thereto), as amended at the time it becomes effective and at the time each post-effective amendment thereto becomes effective, and the final prospectus filed upon the effectiveness of such registration statement or post-effective amendment (including any supplements to such final prospectus filed following such effectiveness) are referred to herein, respectively, as the "Registration Statement" and the "Prospectus."

Offering of Warrants. The Company proposes to offer, offer for sale, sell and issue warrants ("Warrants") to purchase up to an aggregate of 1,500,000 875,000 shares of its common stock, par value $0.0001 per share ("Common Stock"). Such Warrants comprise a part of the investment units to be sold by the Company, each unit ("Unit") consisting of two shares of Common Stock and Warrants (one $3.00 1.50 Warrant and one $4.00 2.00 Warrant) to purchase two additional shares of Common Stock. Each $4.00 2.00 Warrant entitles the registered holder thereof ("Warrant Holder") to purchase one share of Common Stock at the price of $4.00 2.00 per share. A registration statement on Form SB-2 with respect to the Warrants, including a form of prospectus, has been filed by the Company with the Securities and Exchange Commission ("Commission") under the Securities Act of 1933, as amended ("Securities Act"). One or more amendments to or changes in such registration statement have been or may be so filed, and a final form of prospectus will be filed with the Commission upon the effectiveness of such registration statement. Such registration statement (including all exhibits thereto), as amended at the time it becomes effective and at the time each post-effective amendment thereto becomes effective, and the final prospectus filed upon the effectiveness of such registration statement or post-effective amendment (including any supplements to such final prospectus filed following such effectiveness) are referred to herein, respectively, as the "Registration Statement" and the "Prospectus."