Common use of Initial Number of Warrant Shares Clause in Contracts

Initial Number of Warrant Shares. This Warrant shall upon its issuance be exercisable in accordance with the terms hereof for 100,000 shares of Preferred Stock (the "Initial Number") subject to adjustment pursuant to Section 10 hereof. The number of shares of Preferred Stock actually issued will be subject to further adjustment in the event and to the extent the Holder designates the "net issuance" method of exercise set forth on the Purchase Form.

Initial Number of Warrant Shares. This Warrant shall upon its issuance be exercisable in accordance with the terms hereof for 100,000 shares of Preferred Common Stock (the "Initial Number") subject to adjustment pursuant to Section 10 hereof. The number of shares of Preferred Common Stock actually issued will be subject to further adjustment in the event and to the extent the Holder designates the "net issuance" method of exercise set forth on the Purchase Form.