Common use of Grant of Put Right Clause in Contracts

Grant of Put Right. Subject to the terms and conditions contained in this Agreement, Grantor hereby grants to Grantee the right and option (the “Put Right”) to sell, convey, transfer and delivery to Grantor in exchange for the Put Price (as defined below) that certain Common Stock Purchase Warrant, issued by Grantor to Grantee on April 30, 2004 (the “Warrant”), which Warrant provides the Grantee with the right to purchase 193,816 shares of Common Stock of Grantee (the “Warrant Shares”) in accordance with terms set forth therein.

Grant of Put Right. Subject to the terms and conditions contained in this Agreement, Grantor hereby grants to Grantee the right and option (the “Put Right”) to sell, convey, transfer and delivery to Grantor in exchange for the Put Price (as defined below) that certain Common Stock Purchase Warrant, issued by Grantor to Grantee on April 30, 2004 (the “Warrant”), which Warrant provides the Grantee with the right to purchase 193,816 56,908 shares of Common Stock of Grantee (the “Warrant Shares”) in accordance with terms set forth therein.