Common use of Description of the Securities Clause in Contracts

Description of the Securities. The Company proposes to issue and sell to the Underwriters 1,000,000 shares of common stock, no par value per share (the "Common Stock"), and 1,000,000 redeemable Common Stock purchase warrants (the "Warrants," and collectively with the Common Stock, the "Securities") in the amounts set forth on Schedule A hereto. Each Warrant shall entitle to the holder to purchase one share of Common Stock for $9.20, subject to adjustment. The Company proposes to grant to the Underwriters an option to purchase up to 150,000 additional shares of Common Stock and up to an additional 150,000 Warrants (the "Additional Securities"). The offering of Securities and Additional Securities contemplated hereby may sometimes be referred to as the "Offering."

Description of the Securities. The Company proposes to issue and sell to the Underwriters 1,000,000 an aggregate of 800,000 shares of common stock, no $.0001 par value per share (the "Common Stock"), and 1,000,000 800,000 redeemable Common Stock common stock purchase warrants of the Company (the "Warrants," and collectively with the Common Stock, the "Securities") in the amounts set forth on Schedule A hereto. Each Warrant shall entitle to the holder to purchase one share of Common Stock for $9.206.25, subject to adjustment. The Company proposes to grant to the Underwriters an option to purchase up to 150,000 120,000 additional shares of Common Stock and up to an additional 150,000 120,000 Warrants (the "Additional Securities"). The offering of Securities and Additional Securities contemplated hereby may sometimes be referred to as the "Offering."

Description of the Securities. The Company proposes to issue and sell to the Underwriters 1,000,000 shares of common stock, no par value per share (the "Common Stock"), and 1,000,000 redeemable Common Stock purchase warrants (the "Warrants," and collectively with the Common Stock, the "Securities") in the amounts set forth on Schedule A hereto. Each Warrant shall entitle to the holder to purchase one share of Common Stock for $9.206.00, subject to adjustment. The Company proposes to grant to the Underwriters an option to purchase up to 150,000 additional shares of Common Stock and up to an additional 150,000 Warrants (the "Additional Securities"). The offering of Securities and Additional Securities contemplated hereby may sometimes be referred to as the "Offering."