Common use of Payment for Option Units and Delivery of Option Securities Clause in Contracts

Payment for Option Units and Delivery of Option Securities. Payment for Option Units shall be made on the Option Closing Date by wire transfer in Federal (same day) funds by deposit of the price for the Option Units being purchased to the Company upon delivery to the Underwriters of certificates (in form and substance satisfactory to the Representatives) representing the Option Securities (or if uncertificated through the full fast transfer facilities of DTC) for the account of the Underwriters. The certificates representing the Option Securities to be delivered will be in such denominations and registered in such name or names as the Representatives may request in writing at least two Business Days prior to the Closing Date or the Option Closing Date, as the case may be, and if certificated, will be made available to the Representatives for inspection and packaging at least one full Business Day prior to such Closing Date or Option Closing Date, as the case may be. The Firm Units and the Option Units are hereinafter referred to collectively as the “Units” and the Offering Securities and the Option Securities, along with the shares of common stock issuable upon the Series A Warrants that form a part of the Offering Securities and Option Securities, are hereinafter referred to collectively as the "Securities."

Payment for Option Units and Delivery of Option Securities. Payment for Option Units shall be made on the Option Closing Date by wire transfer in Federal (same day) funds by deposit of the price for the Option Units being purchased to the Company upon delivery to the Underwriters of certificates (in form and substance satisfactory to the RepresentativesRepresentative) representing the Option Securities (or if uncertificated through the full fast transfer facilities of DTC) for the account of the Underwriters. The certificates representing the Option Securities to be delivered will be in such denominations and registered in such name or names as the Representatives Representative may request in writing at least two Business Days prior to the Closing Date or the Option Closing Date, as the case may be, and if certificated, will be made available to the Representatives Representative for inspection and packaging at least one full Business Day prior to such Closing Date or Option Closing Date, as the case may be. The Firm Units and the Option Units are hereinafter referred to collectively as the “Units” and the Offering Securities and the Option Securities, along with the shares of common stock issuable upon the Series A Warrants that form a part of the Offering Securities and Option Securities, are hereinafter referred to collectively as the "Securities."