Common use of Initial Closing Deliveries Clause in Contracts

Initial Closing Deliveries. (a) At the Initial Closing, the Company shall deliver or cause to be delivered to each Investor the following (the “Initial Company Deliverables”): (i) a certificate evidencing the number of Shares to be delivered to such Investor at the Initial Closing (which shall not, for all Investors in the aggregate, exceed 592,372 shares of Common Stock), as set forth opposite its name on Schedule I hereto, registered in the name of such Investor (the number of Shares issuable to each Investor at the Initial Closing as set forth opposite its name on Schedule I hereto); (ii) a First Warrant, registered in the name of such Investor, pursuant to which such Investor shall have the right to acquire the number of shares of Common Stock that equals 40% of the number of Shares issuable to such Investor pursuant to Section 2.2(a)(i); (iii) the legal opinion of Company Counsel, in agreed form, addressed to the Investors; (iv) the Registration Rights Agreement duly executed by the Company; and (v) the Escrow Agreement, duly executed by the Company. (b) At the Initial Closing, each Investor shall deliver or cause to be delivered the following (the “Investor Deliverables”): (i) its Investment Amount (rounded up to the nearest whole dollar) as set forth opposite its name on Schedule I hereto, which shall have been deposited in accordance with Section 4.14 and which will be distributed in accordance with joint written instructions provided by the Company and ▇▇▇▇▇-▇▇▇▇▇▇ Capital Group LLC; and (ii) the Registration Rights Agreement duly executed by such Investor.

Initial Closing Deliveries. (a) At the Initial Closing, the Company shall deliver or cause to be delivered to each Investor the following (the “"Initial Company Deliverables”"): (i) a certificate evidencing the number of Shares to be delivered to such Investor at the Initial Closing (which shall not, for all Investors in the aggregate, exceed 592,372 shares of Common Stock), as set forth opposite its name on Schedule I hereto, registered in the name of such Investor (the number of Shares issuable to each Investor at the Initial Closing as set forth opposite its name on Schedule I hereto); (ii) a First Warrant, registered in the name of such Investor, pursuant to which such Investor shall have the right to acquire the number of shares of Common Stock that equals 40% of the number of Shares issuable to such Investor pursuant to Section 2.2(a)(i); (iii) the legal opinion of Company Counsel, in agreed form, addressed to the Investors; (iv) the Registration Rights Agreement duly executed by the Company; and (v) the Escrow Agreement, duly executed by the Company. (b) At the Initial Closing, each Investor shall deliver or cause to be delivered the following (the “"Investor Deliverables”"): (i) its Investment Amount (rounded up to the nearest whole dollar) as set forth opposite its name on Schedule I hereto, which shall have been deposited in accordance with Section 4.14 and which will be distributed in accordance with joint written instructions provided by the Company and ▇▇▇▇▇-▇▇▇▇▇▇ Capital Group LLC; and (ii) the Registration Rights Agreement duly executed by such Investor.