Common use of Common Stock Purchase Warrant Clause in Contracts

Common Stock Purchase Warrant. EXECUTIVE is hereby granted a common stock purchase warrant (“Warrant”), in the form attached hereto as Exhibit A, in the amount of Three Hundred Thousand (300,000) shares, exercisable for a period of ten (10) years from the Effective Date and bearing an exercise price of $3.60 per share. The Warrant will be exercisable, to the extent vested, by EXECUTIVE at any time during the ten (10) year Warrant term without regard for any termination of EXECUTIVE’s employment. The Warrant is expressly subject to the following vesting schedule: