Common use of Warrants and Issuance of Warrant Certificates Clause in Contracts

Warrants and Issuance of Warrant Certificates. Each Warrant shall initially entitle the Registered Owner of a Warrant Certificate representing Warrants to purchase one share of Common Stock on the exercise of each Warrant, subject to modification and adjustment as hereinafter provided in Section 9. Warrant Certificates representing 2,000,000 Warrants and evidencing the right to purchase an aggregate of 2,000,000 shares of Common Stock of the Company shall be executed by the proper officers of the Company and delivered to the Warrant Agent for countersignature. Warrant Certificates to be delivered to the Warrant Agent shall be in direct relation to the Units sold in the Company's Public Offering and shall be attached to certificates representing an equal number of shares of Common Stock. The Warrant Certificates representing the Warrants will be issued and delivered on written order of the Company signed by the proper officers of the Company. The Warrant Agent shall deliver Warrant Certificates in required whole number denominations to the persons entitled thereto in connection with any transfer or exchange permitted under this Agreement. Except as provided in Section 8 hereof, certificates representing the Warrant Shares shall be issued only on or after the Exercise Date on exercise of the Warrants or on transfer or exchange of the Warrant Shares.

Warrants and Issuance of Warrant Certificates. Each Warrant shall initially entitle the Registered Owner of a Warrant Certificate representing Warrants to purchase one share of Common Stock on the exercise of each Warrant, subject to modification and adjustment as hereinafter provided in Section 9. Warrant Certificates representing 2,000,000 5,000,000 Warrants and evidencing the right to purchase an aggregate of 2,000,000 5,000,000 shares of Common Stock of the Company shall be executed by the proper officers of the Company and delivered to the Warrant Agent for countersignature. Warrant Certificates to be delivered to the Warrant Agent shall be in direct relation to the Units sold in the Company's Public Offering and shall be attached to certificates representing an equal number of shares of Common Stock. The Warrant Certificates representing the Warrants will be issued and delivered on written order of the Company signed by the proper officers of the Company. The Warrant Agent shall deliver Warrant Certificates in required whole number denominations to the persons entitled thereto in connection with any transfer or exchange permitted under this Agreement. Except as provided in Section 8 hereof, certificates representing the Warrant Shares shall be issued only on or after the Exercise Date on exercise of the Warrants or on transfer or exchange of the Warrant Shares.

Warrants and Issuance of Warrant Certificates. Each Warrant shall initially entitle the Registered Owner of a Warrant Certificate representing Warrants to purchase one share of Common Stock on the exercise of each Warrant, subject to modification and adjustment as hereinafter provided in Section 9. Warrant Certificates representing 2,000,000 15,000,000 Warrants and evidencing the right to purchase an aggregate of 2,000,000 15,000,000 shares of Common Stock of the Company shall be executed by the proper officers of the Company and delivered to the Warrant Agent for countersignature. Warrant Certificates to be delivered to the Warrant Agent shall be in direct relation to the Units sold in the Company's Public Offering and shall be attached to certificates representing an equal number of shares of Common Stock. The Warrant Certificates representing the Warrants will be issued and delivered on written order of the Company signed by the proper officers of the Company. The Warrant Agent shall deliver Warrant Certificates in required whole number denominations to the persons entitled thereto in connection with any transfer or exchange permitted under this Agreement. Except as provided in Section 8 hereof, certificates representing the Warrant Shares shall be issued only on or after the Exercise Date on exercise of the Warrants or on transfer or exchange of the Warrant Shares.

Warrants and Issuance of Warrant Certificates. Each Warrant shall initially entitle the Registered Owner of a Warrant Certificate representing Warrants to purchase one share of Common Stock on the exercise of each Warrant, subject to modification and adjustment as hereinafter provided in Section 9. Warrant Certificates representing 2,000,000 1,250,000 A Warrants and 1,250,000 B Warrants and evidencing the right to purchase an aggregate of 2,000,000 an aggregate of 2,500,000 shares of Common Stock of the Company shall be executed by the proper officers of the Company and delivered to the Warrant Agent for countersignature. Warrant Certificates to be delivered to the Warrant Agent shall be in direct relation to the Units sold in the Company's Public Offering and shall be attached to certificates representing an equal number of shares of Common Stock. The Warrant Certificates representing the Warrants will be issued and delivered on written order of the Company signed by the proper officers of the Company. The Warrant Agent shall deliver Warrant Certificates in required whole number denominations to the persons entitled thereto in connection with any transfer or exchange permitted under this Agreement. Except as provided in Section 8 hereof, certificates representing the Warrant Shares shall be issued only on or after the Exercise Date on exercise of the Warrants or on transfer or exchange of the Warrant Shares.

Warrants and Issuance of Warrant Certificates. Each Warrant shall initially entitle the Registered Owner of a Warrant Certificate representing Warrants to purchase one share of Common Stock on the exercise of each Warrant, subject to modification and adjustment as hereinafter provided in Section 9. Warrant Certificates representing 2,000,000 4,000,000 Warrants and evidencing the right to purchase an aggregate of 2,000,000 4,000,000 shares of Common Stock of the Company shall be executed by the proper officers of the Company and delivered to the Warrant Agent for countersignature. Warrant Certificates to be delivered to the Warrant Agent shall be in direct relation to the Units sold in the Company's Public Offering and shall be attached to certificates representing an equal number of shares of Common Stock. The Warrant Certificates representing the Warrants will be issued and delivered on written order of the Company signed by the proper officers of the Company. The Warrant Agent shall deliver Warrant Certificates in required whole number denominations to the persons entitled thereto in connection with any transfer or exchange permitted under this Agreement. Except as provided in Section 8 hereof, certificates representing the Warrant Shares shall be issued only on or after the Exercise Date on exercise of the Warrants or on transfer or exchange of the Warrant Shares.

Warrants and Issuance of Warrant Certificates. Each Warrant shall initially entitle the Registered Owner of a Warrant Certificate representing Warrants to purchase one share of Common Stock on the exercise of each Warrant, subject to modification and adjustment as hereinafter provided in Section 9. Warrant Certificates representing 2,000,000 6,000,000 Warrants and evidencing the right to purchase an aggregate of 2,000,000 6,000,000 shares of Common Stock of the Company shall be executed by the proper officers of the Company and delivered to the Warrant Agent for countersignature. Warrant Certificates to be delivered to the Warrant Agent shall be in direct relation to the Units sold in the Company's Public Offering and shall be attached to certificates representing an equal number of shares of Common Stock. The Warrant Certificates representing the Warrants will be issued and delivered on written order of the Company signed by the proper officers of the Company. The Warrant Agent shall deliver Warrant Certificates in required whole number denominations to the persons entitled thereto in connection with any transfer or exchange permitted under this Agreement. Except as provided in Section 8 hereof, certificates representing the Warrant Shares shall be issued only on or after the Exercise Date on exercise of the Warrants or on transfer or exchange of the Warrant Shares.