Common use of Authorization of Sale of the Securities Clause in Contracts

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has or before the Closing (as defined below) will have authorized the sale and issuance of (a) up to 2,000,000 shares of its Common Stock (the "Common Stock"), (b) Warrants, each in substantially the form attached hereto as Exhibit B (each a "Warrant" and collectively the "Warrants"), to purchase up to 400,000 shares the "Warrant Shares") of the Company's Common Stock. The shares of Common Stock sold hereunder and the Common Stock issuable upon exercise of the Warrants and the Placement Agent Warrants together shall be referred to herein as the "Shares." The Shares and the Warrants shall be referred to herein as the "Securities."

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has or before the Closing (as defined below) will have authorized the sale and issuance of (a) up to 2,000,000 shares of its Common Stock (the "Common Stock"), (b) Warrants, each in substantially the form attached hereto as Exhibit B (each a "Warrant" and collectively the "Warrants"), to purchase up to 400,000 600,000 shares the "Warrant Shares") of the Company's Common Stock. The shares of Common Stock sold hereunder and the Common Stock issuable upon exercise of the Warrants and the Placement Agent UI-USA Warrants together shall be referred to herein as the "Shares." The Shares and the Warrants shall be referred to herein as the "Securities."

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has has, or before the Closing (as defined below) will have authorized the sale and issuance of (a) up to 2,000,000 8,000,000 shares of its Common Stock (the "Common Stock"), ) and (b) Warrants, each in substantially the form attached hereto as Exhibit EXHIBIT B (each a "Warrant" and collectively the "Warrants"), to purchase up to 400,000 8,000,000 shares (the "Warrant Shares") of the Company's Common Stock. The shares of Common Stock sold hereunder and the Common Stock issuable upon exercise of the Warrants and the Placement Agent Warrants together shall be referred to herein as the "Shares." The Shares and the Warrants shall be referred to herein as the "Securities."

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has or before the First Closing (as defined below) will have authorized the sale and issuance of (a) up to 2,000,000 5,500,000 shares of its Common Stock (the "Common Stock"), ) and (b) Warrants, each in substantially the form attached hereto as Exhibit EXHIBIT B (each a "Warrant" and collectively the "Warrants"), to purchase up to 400,000 5,500,000 shares (the "Warrant Shares") of the Company's Common Stock. The shares of Common Stock sold hereunder and the Common Stock issuable upon exercise of the Warrants and the Placement Agent Warrants together shall be referred to herein as the "Shares." The Shares and the Warrants shall be referred to herein as the "Securities."

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has or before the Closing (as defined below) will have authorized the sale and issuance of (a) up to 2,000,000 shares of its Common Stock (the "Common Stock"), (b) Warrants, each in substantially the form attached hereto as Exhibit B (each a "Warrant" and collectively the "Warrants"), to purchase up to 400,000 shares the "Warrant Shares") of the Company's Common Stock. The shares of Common Stock sold hereunder and the Common Stock issuable upon exercise of the Warrants and the Placement Agent Warrants together shall be referred to herein as the "Shares." The Shares and the Warrants shall be referred to herein as the "Securities."