Common use of Warrant Delivery Clause in Contracts

Warrant Delivery. On each closing date, the Company will deliver to the Buyer a Warrant, pursuant to which the Buyer shall have the right to acquire up to that number of Warrant Common Shares equivalent to the number of shares of Common Stock purchased on a one-for-one basis at each closing, duly executed on behalf of the Company and registered in the name of the Buyer or its designee. The Warrant Common Shares shall be subject to a Registration Rights Agreement, substantially in the form set forth on Appendix A to the Warrant agreement (the “Registration Rights”). Subject to registration of the Warrant Common Shares underlying the Warrants and the Buyer’s exercise of the respective portion of the Warrants, the procedures set forth in Section 1(d) shall be followed.

Warrant Delivery. On each Common Share purchase closing date, the Company will deliver to the Buyer a Warrant, pursuant to which the Buyer shall have the right to acquire up to that number of Warrant Common Shares equivalent to the number of shares of Common Stock purchased on a one-for-one basis at each closing, duly executed on behalf of the Company and registered in the name of the Buyer or its designee. The Warrant Common Shares shall be subject to a Registration Rights Agreement, substantially in the form set forth on Appendix A to the Warrant agreement (the “Registration Rights”). Subject to registration of the Warrant Common Shares underlying the Warrants and the Buyer’s exercise of the respective portion of the Warrants, the procedures set forth in Section 1(d) shall be followed.