Common use of Purchase of Warrants Clause in Contracts

Purchase of Warrants. On the terms and subject to the conditions set forth in this Agreement, Purchaser shall purchase from each Stockholder, and each Stockholder shall sell and transfer to Purchaser, on the Closing Date all of such Stockholder's Subject Warrants for the consideration per underlying share of $0.00022, free and clear of all security interests, liens, claims, pledges, options, rights of first refusal, agreements, limitations on voting rights, charges and other encumbrances of any nature whatsoever (collectively, "Liens") except for any Lien imposed by applicable securities laws, the express terms of the Warrant Agreement (as defined in Section 2.1 hereof) or the express terms of the Exchange Agreement.