Common use of Commitment Warrant Clause in Contracts

Commitment Warrant. In partial consideration hereof, contemporaneously herewith, the Company shall issue and deliver to Investor a warrant (the "Commitment Warrant") in the form attached hereto as Exhibit U, or such other form as agreed upon by the parties, to purchase 500,000 shares of Common Stock. The Commitment Warrant shall be immediately exercisable in accordance with its terms, conditions and limitations, and shall have a term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Commitment Warrant. In partial consideration hereof, contemporaneously herewith, the Company shall issue and deliver to Investor or its designated assignees, a warrant (the "Commitment Warrant") in the form attached hereto as Exhibit EXHIBIT U, or such other form as agreed upon by the parties, to purchase 500,000 shares of Common Stock. The Commitment Warrant shall be immediately exercisable in accordance with its terms, conditions and limitations, and shall have a term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.