Common use of ISSUANCE AND EXERCISABILITY OF WARRANTS Clause in Contracts

ISSUANCE AND EXERCISABILITY OF WARRANTS. FORM OF WARRANT CERTIFICATES. Boeing is hereby granted 1,000,000 Warrants, which Warrants will be exercisable as of the date hereof through the Expiration Date as hereinafter defined, at a purchase price of $.01 for the warrant on each share totaling $10,000.00. The Company will issue and deliver to Boeing a warrant certificate or warrant certificates (individually a "Warrant Certificate" and collectively the "Warrant Certificates") for the 1,000,000 warrants, promptly upon payment of the $10,000.00 purchase price. The text of the Warrant Certificate shall be substantially as set forth in Exhibit A hereto. The form of election to purchase shares shall be substantially as set forth in Exhibit B hereto.