Common use of Class A Warrants Clause in Contracts

Class A Warrants. (a) As additional consideration to the Lender for making the Loan the Company shall issue and deliver to the Lender one of its Class A Warrants, pursuant to which the Lender will be entitled to purchase two hundred thousand (200,000) shares of the Company's Common Stock, Ten Cents ($.10) par value, at a purchase price of $.3125 per share, upon the terms and conditions set forth in the Class A Warrant, a copy of which is attached to this Subordinated Loan Agreement as Exhibit B. (b) The Lender acknowledges that he has been advised by the Company that the Class A Warrant which he is entitled to receive to purchase two hundred thousand (200,000) shares of the Company's Common Stock is one of a series of Class A Warrants which the Company has issued or will issue to the investors and two other persons entitling the holders thereof, including the Lender, to purchase in aggregate two million seven hundred seventy-five thousand two hundred fifty (2,775,250) shares of the Company's common stock.

Class A Warrants. (a) As additional consideration to the Lender for making the Loan Loan, the Company shall issue and deliver to the Lender one of its Class A Warrants, pursuant to which the Lender will be entitled to purchase two one hundred thousand (200,000100,000) shares of the Company's Common Stock, Ten Cents 1/10th Cent ($.10.001) par value, at a purchase price of $.3125 .50 per share, upon the terms and conditions set forth in the Class A Warrant, a copy of which is attached to this Subordinated Loan Agreement as Exhibit B. (b) The Lender acknowledges that he has been advised by the Company that the Class A Warrant which he is entitled to receive to purchase two one hundred thousand (200,000100,000) shares of the Company's Common Stock is one of a series of Class A Warrants which the Company has issued or will issue to persons who have made loans to the investors and two other persons Company entitling the holders thereof, including the Lender, to purchase in aggregate two three million seven eight hundred seventy-five thousand two hundred fifty (2,775,2503,875,250) shares of the Company's common stock.

Class A Warrants. (a) As additional consideration to the Lender for making the Loan Loan, the Company shall issue and deliver to the Lender one of its Class A Warrants, pursuant to which the Lender will be entitled to purchase two one hundred thousand (200,000100,000) shares of the Company's Common Stock, Ten Cents 1/10th Cent ($.10.001) par value, at a purchase price of $.3125 .50 per share, upon the terms and conditions set forth in the Class A Warrant, a copy of which is attached to this Subordinated Loan Agreement as Exhibit B. (b) The Lender acknowledges that he has been advised by the Company that the Class A Warrant which he is entitled to receive to purchase two one hundred thousand (200,000100,000) shares of the Company's Common Stock is one of a series of Class A Warrants which the Company has issued or will issue to persons who have made loans to the investors and two other persons Company entitling the holders thereof, including the Lender, to purchase in aggregate two three million seven nine hundred seventy-five thousand two hundred fifty (2,775,2503,975,250) shares of the Company's common stock.