Common use of Warrants-Cancellable Upon Premium Liquidity Event Clause in Contracts

Warrants-Cancellable Upon Premium Liquidity Event. Parent shall issue to each Lender at the time of closing the Loan, in consideration for the granting of the Loan, and payment by Lenders concurrently with execution and delivery of this Agreement of $.0001 per share of common stock, negotiable Warrants, subject to cancellation and surrender in accordance with the terms thereof, to acquire the following shares of common stock of Parent: Lender Warrants ------ -------- WPLP 19,460 Pacific 30,415 Chase 40,399 American 7,000 Bund 669 Yocux 175 Volunteer 263 XxXxxxxx 00 Mackxxxxx-XX 3,500 Shepxxx 175 Mackxxxxx-XX 901 Grove 525 Kalixx 437 Marlxx 18 Boylx 175 Amstxx 463 Kantxxx 206 Willxxxx 131 ------- 105,000 The Warrants issued shall be in the form set forth in Exhibit B-3 attached hereto.

Warrants-Cancellable Upon Premium Liquidity Event. Parent shall issue to each Lender at the time of closing the Loan, in consideration for the granting of the Loan, and payment by Lenders concurrently with execution and delivery of this Agreement of $.0001 per share of common stock, negotiable Warrants, subject to cancellation and surrender in accordance with the terms thereof, to acquire the following shares of common stock of Parent: Lender Warrants ------ -------- WPLP 19,460 13,425 Pacific 30,415 19,318 Chase 40,399 40,929 American 7,000 4,093 Bund 669 486 Yocux 175 136 Volunteer 263 XxXxxxxx 00 205 Mackxxxxx-XX 3,500 4,793 Shepxxx 175 136 Mackxxxxx-XX 901 348 Grove 525 4,793 Boylx 68 Kalixx 437 Marlxx 18 Boylx 175 Amstxx 463 273 Kantxxx 206 128 Willxxxx 131 ------- 105,000 74 Kent 4,793 JWilliams 518 Auton 259 Jakimcius 191 Kurex 288 Richxxxxxx 246 The Warrants issued shall be in the form set forth in Exhibit B-3 attached hereto.