Common use of Securities to be Issued Clause in Contracts

Securities to be Issued. Upon execution of this Agreement, the Holder agrees to accept, and the Company agrees to issue and transfer to the Holder, the following securities in full and final payment of the Amount Owed: (i) 324,786 shares of the Company's Common Stock, $0.001 par value, (the "Shares"); (ii) Subject to subparagraph (b), a warrant to purchase 324,786 shares of the Company's Common Stock at a price of $1.00 per share. The warrant shall have a term of 3 years; and (iii) Subject to subparagraph (b), a warrant to purchase 399,000 shares of the Company's Common Stock at a price of $0.85 per share. The warrant shall have a term of 3 years. Collectively, the warrants described in subsections (ii) and (iii) above shall be referred to in this Agreement as the "Warrants". The Warrants shall be substantially in the form attached hereto as Attachment 1 to this Agreement. Upon receipt of the Shares and the Warrants, the Holder will mark all instruments evidencing the Amount Owed (the "Debt Instrumen▇▇") as "Paid" and will return them to the Company, in accordance with subparagraph (c) below.

Securities to be Issued. Upon execution of this Agreement, the Holder agrees to accept, and the Company agrees to issue and transfer to the Holder, the following securities in full and final payment of the Amount Owed: (i) 324,786 20,513 shares of the Company's Common Stock, $0.001 par value, (the "Shares"); (ii) Subject to subparagraph (b), a warrant to purchase 324,786 20,513 shares of the Company's Common Stock at a price of $1.00 per share. The warrant shall have a term of 3 years; and (iii) Subject to subparagraph (b), a warrant to purchase 399,000 25,500 shares of the Company's Common Stock at a price of $0.85 per share. The warrant shall have a term of 3 years. Collectively, the warrants described in subsections (ii) and (iii) above shall be referred to in this Agreement as the "Warrants". The Warrants shall be substantially in the form attached hereto as Attachment 1 to this Agreement. Upon receipt of the Shares and the Warrants, the Holder will mark all instruments evidencing the Amount Owed (the "Debt Instrumen▇▇") as "Paid" and will return them to the Company, in accordance with subparagraph (c) below.

Securities to be Issued. Upon execution of this Agreement, the Holder agrees to accept, and the Company agrees to issue and transfer to the Holder, the following securities in full and final payment of the Amount Owed: (i) 324,786 264,923 shares of the Company's Common Stock, $0.001 par value, (the "Shares"); (ii) Subject to subparagraph (b), a warrant to purchase 324,786 264,923 shares of the Company's Common Stock at a price of $1.00 per share. The warrant shall have a term of 3 years; and (iii) Subject to subparagraph (b), a warrant to purchase 399,000 325,500 shares of the Company's Common Stock at a price of $0.85 per share. The warrant shall have a term of 3 years. Collectively, the warrants described in subsections (ii) and (iii) above shall be referred to in this Agreement as the "Warrants". The Warrants shall be substantially in the form attached hereto as Attachment 1 to this Agreement. Upon receipt of the Shares and the Warrants, the Holder will mark all instruments evidencing the Amount Owed (the "Debt Instrumen▇▇") as "Paid" and will return them to the Company, in accordance with subparagraph (c) below.