Common use of The Warrant Clause in Contracts

The Warrant. The Company hereby agrees to issue and sell to the ----------- Holder one million two hundred fifty thousand (1,250,000) shares (the "Warrant Shares") , of the Company's common stock, par value $.01 per share ("Common Stock"), at an exercise price of two and a quarter U.S. dollars ($2.25) per share (the "Exercise Price"), subject to the vesting schedule described in Section 2 and the other provisions of this Warrant Agreement and upon the terms and conditions herein set forth. The Exercise Price and the number of Warrant Shares purchasable upon exercise of this Warrant Agreement are subject to adjustment from time to time as provided in Section 8 of this Warrant Agreement.

The Warrant. The Company hereby agrees to issue and sell to the ----------- Holder one million two hundred fifty thousand (1,250,000) shares (the "Warrant Shares") , of the Company's common stock, par value $.01 per share ("Common Stock"), at an exercise price of two and a quarter U.S. dollars ($2.25) per share (the "Exercise Price"), subject to the vesting schedule described in Section 2 and the other provisions of this Warrant Agreement and upon the terms and conditions herein set forth. The Exercise Price and the number of Warrant Shares purchasable upon exercise of this Warrant Agreement are subject to adjustment from time to time as provided in Section 8 of this Warrant Agreement.