Common use of Warrant Compensation Clause in Contracts

Warrant Compensation. In consideration of the services to be provided for hereunder, the Company shall pay to the Placement Agent or its respective designees at the Initial Closing Date and each Additional Closing Date, if any, warrants (“Placement Agent Warrants”) for the purchase of an aggregate of a number of shares of Common Stock (the “Placement Agent Warrant Shares”), representing four percent (4%) of the Placement Securities sold at such Closing Date. The Placement Agent Warrants, in the form of Exhibit C hereto, shall be exercisable, in whole or in part, expiring on the five-year anniversary of the date of this Agreement at an initial exercise price per share of Common Stock of $4.10. Delivery of the Placement Agent Warrants shall be made at the relevant Closing Date, and shall be issued in the name or names and in such authorized denominations as the Placement Agent may request.

Warrant Compensation. In consideration of the services to be provided for hereunder, the Company shall pay to the Placement Agent or its respective designees at on the Initial Closing Date and each Additional Closing Date, if any, warrants (“Placement Agent Warrants”) for the purchase of an aggregate of a number of shares of Common Stock (the “Placement Agent Warrant Shares”)Stock, representing four equal to five and a half percent (45.5%) of the Placement total amount of Securities sold at in the Placement to such Closing DatePurchasers whom the Placement Agent had introduced to the Company during the term of this Agreement. The Placement Agent Warrants, in the form of Exhibit C hereto, Warrants shall be exercisable, in whole or in part, commencing on the Closing Date and expiring on the five-year anniversary of the date of this Agreement at an initial exercise price per share of Common Stock of $4.10[*]1. Delivery of the Placement Agent Warrants shall be made at the relevant Closing Date, and shall be issued in the name or names and in such authorized denominations as the Placement Agent may request.