Common use of Issuance of New Warrant Clause in Contracts

Issuance of New Warrant. The Company hereby agrees to issue to each Purchaser, severally and not jointly with the other Purchasers, a warrant (the "New Warrant") to purchase up to a number of shares of Common Stock of the Company equal to the sum of (a) such Purchaser's Subscription Amount at the First Closing and (b) such Purchaser's Subscription Amount funded pursuant to this Amendment, divided by $1.25, which warrant shall have an exercise price equal to $1.25, subject to adjustment therein, and be otherwise in the form of the Warrants. The term "Warrant" as used under the Transaction Documents is hereby amended to include the New Warrant.