Common use of Right to Exercise Warrants Clause in Contracts

Right to Exercise Warrants. Each Warrant may be exercised from the effective date of this Agreement until 4:59 P.M. (Pacific Time) on the date that is nine (9) years after the effective date of this Agreement (the "Expiration Date"). Each Warrant not exercised on or before the Expiration Date shall automatically expire. Each Warrant shall entitle its holder to purchase from Company one share of Common Stock (the "Exercise Shares") at an exercise price of One and 50/100 Dollars ($1.50) per Share, subject to adjustment as set forth below (the "Exercise Price").

Right to Exercise Warrants. Each Warrant may be exercised from the effective date of this Agreement until 4:59 P.M. (Pacific Time) on the date that is nine (9) years after the effective date of this Agreement (the "Expiration Date"). Each Warrant not exercised on or before the Expiration Date shall automatically expire. Each Warrant shall entitle its holder to purchase from Company one share of Common Stock (the "Exercise Shares") at an exercise price of One and 50/100 Two Dollars ($1.502.00) per Share, subject to adjustment as set forth below (the "Exercise Price").