Common use of Warrant Portion Clause in Contracts

Warrant Portion. At the final Closing of the Offering, the Company will issue to the Placement Agent (or the designees authorized by such Placement Agent), as compensation for its services hereunder, warrants to purchase a number of shares of Common Stock equal to Ten Percent (10%) of the number of shares of Common Stock sold to Investors introduced by the Placement Agent participating in the Offering (the “Placement Agent Warrants”). The Placement Agent Warrants will have with a term of five (5) years from the final Closing of the Offering, an exercise price equal to $1.725 per share, shall be immediately exercisable, include cashless exercise provisions if there is no effective registration statement covering the Placement Agent Warrants and piggyback registration rights, a net exercise provision (including contemporaneously with a future sale of the Company) and include customary anti-dilution provisions covering stock splits, dividends, mergers and similar transactions. The Placement Agent Cash Fee and the Placement Agent Warrants are sometimes referred to collectively as the “Placement Agent Fees”). The Placement Agent Warrants may be issued directly to the Placement Agent’s employees and affiliates at the Placement Agent’s written request and will be issued within the (10) calendar days from the final Close (as defined below).

Warrant Portion. At the final Closing of the Offering, the Company will issue to the Placement Agent (or the designees authorized by such Placement Agent), as compensation for its services hereunder, warrants to purchase a number of shares of Common Stock equal to Ten Percent (10%) of the number of shares of Common Stock sold to Investors introduced by the Placement Agent participating in the Offering (the “Placement Agent Warrants”). The Placement Agent Warrants will have with a term of five (5) years from the final Closing of the Offering, an exercise price equal to $1.725 7.547 per share, shall be immediately exercisable, include cashless exercise provisions if there is no effective registration statement covering the Placement Agent Warrants and piggyback registration rights, a net exercise provision (including contemporaneously with a future sale of the Company) and include customary anti-anti- dilution provisions covering stock splits, dividends, mergers and similar transactions. The Placement Agent Cash Fee and the Placement Agent Warrants are sometimes referred to collectively as the “Placement Agent Fees”). The Placement Agent Warrants may be issued directly to the Placement Agent’s employees and affiliates at the Placement Agent’s written request and will be issued within the (10) calendar days from the final Close (as defined below).