Common use of Notes and Warrants Clause in Contracts

Notes and Warrants. At Closing, the Company will issue and deliver to the Purchaser as listed on the Purchaser Signature Page hereto, the (i) Notes for the principal amount of Notes subscribed for and, (ii) Warrants to acquire such number of shares of common stock of the Company (the “Common Stock”) as equals the principal amount of Notes acquired and accepted divided by the initial Conversion Price of $.25 per share (the “Warrant Shares”), and exercisable at $.30 per share (the “Exercise Price”) at any time prior to the three year anniversary of the first Closing of this offering.

Notes and Warrants. At Closing, the Company will issue and deliver to the Purchaser as listed on the Purchaser Signature Page hereto, the (i) Notes for the principal amount of Notes subscribed for and, (ii) Warrants to acquire such number of shares of common stock of the Company (the “Common Stock”) as equals the principal amount of Notes acquired and accepted divided by the initial Conversion Price of $.25 per share (the “Warrant Shares”), and exercisable at $.30 per share (the “Exercise Price”) commencing six months after the issuance date at any time prior to the three year anniversary of the first Closing of this offering. The Notes and Warrants comprising the Units are substantially similar to those Notes and Warrants offered and sold to other Purchasers in previously reported offerings of the Company.

Notes and Warrants. At Closing, the Company will issue and deliver to the Purchaser as listed on the Purchaser Signature Page hereto, the (i) Notes for the principal amount of Notes subscribed for and, (ii) Warrants to acquire such number of shares of common stock of the Company (the “Common Stock”) as equals the principal amount of Notes acquired and accepted divided by the initial Conversion Price of $.25 per share (the “Warrant Shares”), and exercisable at $.30 per share (the “Exercise Price”) commencing six months after the issuance date at any time prior to the three year anniversary of the first Closing of this offering.