Common use of Warrant Coverage Clause in Contracts

Warrant Coverage. The Company shall issue to Xxxxxx or its designees at each Closing, warrants (the “Xxxxxx Warrants”) to purchase that number of shares of common stock of the Company equal to 5% of the aggregate number of shares of Common Stock placed in the Offering (if the Securities are convertible or include a “greenshoe” or “additional investment” option component, such shares of Common Stock underlying such Securities or options). If the Securities included in an Offering are non-convertible, the Xxxxxx Warrants shall be determined by dividing the gross proceeds raised in such Offering divided by the then market price of the Common Stock. The Xxxxxx Warrants shall have the same terms as the warrants issued to investors in the applicable Offering. If no warrants are issued to investors in an Offering, the Xxxxxx Warrants shall be in a customary form reasonably acceptable to Xxxxxx, have a term of 5 years and an exercise price equal to 110% of the then market price of the Common Stock.

Warrant Coverage. The Company shall issue to Xxxxxx Xxxxxxxxxx or its designees at each Closing, warrants (the “Xxxxxx "Xxxxxxxxxx Warrants”") to purchase that number of shares of common stock of the Company equal to 57% of the aggregate number of shares of Common Stock placed in the each Offering (if the Securities are convertible or include a “"greenshoe” " or “"additional investment” " option component, such shares of Common Stock underlying such Securities or options). If the Securities included in an Offering are non-convertible, the Xxxxxx Xxxxxxxxxx Warrants shall be determined by dividing the gross proceeds raised in such Offering divided by the then market price of the Common Stock. The Xxxxxx Xxxxxxxxxx Warrants shall have the same terms as the warrants issued to investors in the applicable Offering. If no warrants are issued to investors in an Offering, the Xxxxxx Xxxxxxxxxx Warrants shall be in a customary form reasonably acceptable to XxxxxxXxxxxxxxxx, have a term of 5 years and an exercise price equal to 110% of the then market price of the Common Stock.

Warrant Coverage. The Company shall issue to Xxxxxx Rxxxxx or its designees at each Closing, warrants (the “Xxxxxx Rxxxxx Warrants”) to purchase that number of shares of common stock of the Company equal to 5% seven percent (7%) of the aggregate number of shares of Common Stock placed in the each Offering (if the Securities are convertible or include a “greenshoe” or “additional investment” option componentconvertible, such shares of Common Stock underlying such Securities or options). If the Securities included in an Offering are non-convertible, the Xxxxxx Rxxxxx Warrants shall be determined by dividing the gross proceeds raised in such Offering divided by the then market price of the Common Stock. The Xxxxxx Rxxxxx Warrants shall have the same terms as the warrants issued to investors in the applicable OfferingOffering (subject to any lock-up requirements under FINRA’s rules). If no warrants are issued to investors in an Offering, the Xxxxxx Rxxxxx Warrants shall be in a customary form reasonably acceptable to XxxxxxRxxxxx and the Company, have a term of 5 years years, shall not require or trigger any shareholder approval and have an exercise price equal to 110% of the then closing market price of the Common Stock.

Warrant Coverage. The Company shall issue to Xxxxxx Rxxxxx or its designees at each Closing, warrants (the “Xxxxxx Rxxxxx Warrants”) to purchase that number of shares of common stock of the Company equal to 5% of the aggregate number of shares of Common Stock placed in the Offering (if the Securities are convertible or include a “greenshoe” or “additional investment” option component, such shares of Common Stock underlying such Securities or options)each Offering. If the Securities included in an Offering are non-convertible, the Xxxxxx Rxxxxx Warrants shall be determined by dividing the gross proceeds raised in such Offering divided by the then market price of the Common Stock. The Xxxxxx Rxxxxx Warrants shall have the same terms as the warrants issued to investors in the applicable Offering, except that the Rxxxxx Warrants shall have a term of five years, and an exercise price equal to 125% of the per share offering price and shall not have any provisions requiring registration of the underlying shares. If no warrants are issued to investors in an Offering, the Xxxxxx Rxxxxx Warrants shall be in a customary form reasonably acceptable to XxxxxxRxxxxx and the Company, have a term of 5 years and an exercise price equal to 110125% of the then market price of the Common Stock.

Warrant Coverage. The Company shall issue to Xxxxxx or its designees at each Closing, warrants (the “Xxxxxx Warrants”) to purchase that number of shares of common stock of the Company equal to 5% of the aggregate number of shares of Common Stock placed in the each Offering (if the Securities are convertible or include a “greenshoe” or “additional investment” option component, such shares of Common Stock underlying such Securities or options). If the Securities included in an Offering are non-convertible, the Xxxxxx Warrants shall be determined by dividing the gross proceeds raised in such Offering divided by the then market price of the Common Stock. The Xxxxxx Warrants shall have the same terms as the warrants issued to investors in the applicable Offering. If no warrants are issued to investors in an Offering, the Xxxxxx Warrants shall be in a customary form reasonably acceptable to Xxxxxx, have a term of 5 years and an exercise price equal to 110% of the then market price of the Common Stock.

Warrant Coverage. The Company shall issue to Xxxxxx or its designees at each Closing, warrants (the “"Xxxxxx Warrants”") to purchase that number of shares of common stock of the Company equal to 58% of the aggregate number of shares of Common Stock placed in the each Offering (if the Securities are convertible or include a “"greenshoe” " or “"additional investment” " option component, such shares of Common Stock underlying such Securities or options). If the Securities included in an Offering are non-convertible, the Xxxxxx Warrants shall be determined by dividing the gross proceeds raised in such Offering divided by the then market price of the Common Stock. The Xxxxxx Warrants shall have the same terms as the warrants issued to investors in the applicable Offering. If no warrants are issued to investors in an Offering, the Xxxxxx Warrants shall be in a customary form reasonably acceptable to Xxxxxx, have a term of 5 years and an exercise price equal to 110% of the then market price of the Common Stock.

Warrant Coverage. The Company shall issue to Xxxxxx Xxxxxxxxxx or its designees at each Closing, warrants (the “Xxxxxx Xxxxxxxxxx Warrants”) to purchase that number of shares of common stock of the Company equal to 54% of the aggregate number of shares of Common Stock placed in the each Offering (if the Securities are convertible or include a “greenshoe” or “additional investment” option component, such shares of Common Stock underlying such Securities or options). If the Securities included in an Offering are non-convertible, the Xxxxxx Xxxxxxxxxx Warrants shall be determined by dividing the gross proceeds raised in such Offering divided by the then market price of the Common Stock. The Xxxxxx Xxxxxxxxxx Warrants shall have the same terms as the warrants issued to investors in the applicable Offering. If no warrants are issued to investors in an Offering, the Xxxxxx Xxxxxxxxxx Warrants shall be in a customary form reasonably acceptable to XxxxxxXxxxxxxxxx, have a term of 5 3 years and an exercise price equal to 110(i) $10.00 in connection with the initial Offering only and (ii) 120% of the then market public offering price of the Common StockStock in any other Offering hereunder.

Warrant Coverage. The Company shall issue to Xxxxxx Rxxxxx or its designees at each Closing, warrants (the “Xxxxxx Rxxxxx Warrants”) to purchase that number of shares of common stock of the Company equal to 5% of the aggregate number of shares of Common Stock placed in the each Offering (if the Securities are convertible or include a “greenshoe” or “additional investment” option component, such shares of Common Stock underlying such Securities or options). If the Securities included in an Offering are non-convertible, the Xxxxxx Rxxxxx Warrants shall be determined by dividing the gross proceeds raised in such Offering divided by the then market price of the Common Stock. The Xxxxxx Rxxxxx Warrants shall have the same terms as the warrants issued to investors in the applicable Offering. If no warrants are issued to investors in an Offering, the Xxxxxx Rxxxxx Warrants shall be in a customary form reasonably acceptable to XxxxxxRxxxxx, have a term of 5 years and an exercise price equal to 110% of the then market price of the Common Stock.