Common use of Common Stock Purchase Warrant Clause in Contracts

Common Stock Purchase Warrant. Subject to the terms and conditions of the Common Stock Purchase Warrant attached hereto as Exhibit "A" ("Warrant"), PESI agrees to issue to Gorlin such Warrant for the purchase of 100,000 shares of Common Stock at an exercise price of $2.40 per common share. PESI will issue to Gorlin the Warrant within five (5) business days after Gorlin has paid PESI the full $425,000.00.

Common Stock Purchase Warrant. Subject to the terms and conditions of the Common Stock Purchase Warrant attached hereto as Exhibit "A" ("Warrant"A ( Warrant ), PESI agrees to issue to Gorlin such Warrant for the purchase of 100,000 shares of Common Stock at an exercise price of $2.40 per common share. PESI will issue to Gorlin the Warrant within five (5) business days after Gorlin has paid PESI the full $425,000.00.