Common use of GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK Clause in Contracts

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. The Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe to and purchase, from the Company, 9,700 fully paid and non-assessable shares of the Company's Series A Preferred Stock ("Preferred Stock") at a purchase price of $2.00 per share (the "Exercise Price"). The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof. If all of the Preferred Stock is converted into shares of Common Stock in connection with a registration of the Company's Common Stock under the Securities Act of 1933, as amended, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Exercise Price shall automatically be adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for which this Warrant was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable immediately after such conversion.

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. The Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe to and purchase, from the Company, 9,700 23,351 fully paid and non-assessable shares of the Company's Series A Preferred Stock ("Preferred Stock") at a purchase price of $2.00 per share (the "Exercise Price"). The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof. If all of the Preferred Stock is converted into shares of Common Stock in connection with a registration of the Company's Common Stock under the Securities Act of 1933, as amended, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Exercise Price shall automatically be adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for which this Warrant was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable immediately after such conversion.

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. The Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe to and purchase, from the Company, 9,700 68,062 fully paid and non-non- assessable shares of the Company's Series A B Preferred Stock ("Preferred Stock") at a purchase price of $2.00 1.1754 per share (the "Exercise Price"). The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof. If all of the Company's outstanding Preferred Stock is converted into shares of Common Stock in connection with a the registration of the Company's Common Stock under the Securities Act of 1933, as amended, or otherwise in accordance with the terms of the Company's Amended and Restated Articles of Incorporation, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Exercise Price shall be automatically be adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for which this Warrant was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable immediately after such conversion. The shares of Preferred Stock or Common Stock subject to this Warrant, as the case may be, are sometimes referred to herein as "Warrant Stock".

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. The Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe to and purchase, from the Company, 9,700 9,300 fully paid and non-assessable nonassessable shares of the Company's Series A C Preferred Stock ("Preferred Stock") at a purchase price of $2.00 4.20 per share (the "Exercise Price"). The number and purchase price ; [provided, however, in the event of such shares are subject to adjustment as provided in Section 8 hereof. If an automatic conversion of all preferred stock of the Preferred Stock is converted into shares of Common Stock in connection with a registration Company pursuant to Article III. 4. (b) of the Company's Common Stock under the Securities Act Amended and Restated Articles of 1933Incorporation, as amended, then this Warrant Agreement shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant Agreement had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the . The Exercise Price shall be automatically be adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for which this Warrant Agreement was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant Agreement is exercisable immediately after such conversion.] The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. The Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe to and purchase, from the Company, 9,700 21,429 fully paid and non-non- assessable shares of the Company's Series A Convertible Preferred Stock ("Preferred Stock") at a purchase price of $2.00 1.05 per share (the "Exercise Price"). The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof. If all of the Preferred Stock is converted into shares of Common Stock in connection with a registration of the Company's Common Stock under the Securities Act of 1933, as amended1933 Act, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Exercise Price shall be automatically be adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for this which this Warrant was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable immediately after such conversion.

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. The Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe to and purchase, from the Company, 9,700 89,337 fully paid and non-assessable shares of the Company's Series A B Preferred Stock ("Preferred Stock") at a purchase price of $2.00 1.1754 per share (the "Exercise Price"). The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof. If all of the Company's outstanding Preferred Stock is converted into shares of Common Stock in connection with a the registration of the Company's Common Stock under the Securities Act of 1933, as amended, or otherwise in accordance with the terms of the Company's Amended and Restated Articles of Incorporation, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of in Common Stock immediately prior to such eventeven, and the Exercise Price shall be automatically be adjusted to equal the amount obtained by dividing (i) the aggregate aggregated Exercise Price of the shares of Preferred Stock for which this Warrant was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable immediately after such conversion. The shares of Preferred Stock or Common Stock subject to this Warrant, as the case may be, are sometimes referred to herein as "Warrant Stock".

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. The Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe to and purchase, from the Company, 9,700 11,750 fully paid and non-assessable nonassessable shares of the Company's Series A B Preferred Stock ("Preferred Stock") at a purchase price of $2.00 2.75 per share (the "Exercise Price"). The number and purchase price ; [provided, however, in the event of such shares are subject to adjustment as provided in Section 8 hereof. If an automatic conversion of all preferred stock of the Preferred Stock is converted into shares of Common Stock in connection with a registration Company pursuant to Article III. 4.(b) of the Company's Common Stock under the Securities Act Amended and Restated Articles of 1933Incorporation, as amended, then this Warrant Agreement shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant Agreement had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the . The Exercise Price shall be automatically be adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for which this Warrant Agreement was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant Agreement is exercisable immediately after such conversion.] The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. The Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe to and purchase, from the Company, 9,700 that number of fully paid and non-assessable shares of the Company's Series A C Preferred Stock ("Preferred Stock") at a purchase equal to $2,500,000 multiplied by 10%, the product of which is divided by the exercise price of $2.00 per share (the "Exercise Price"). The Exercise Price shall be equal to the lesser of (a) the numeric average of the price per share of the Company's Series C Preferred Stock and the Company's Series D Preferred Stock or (b) $0.90 per share (split adjusted if applicable). The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof. If all of the Preferred Stock is converted into shares of Common Stock in connection with a registration of the Company's Common Stock stock under the Securities Act of 1933, as amended1933 Act, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Exercise Price shall be automatically be adjusted to equal the amount obtained by dividing (i) the aggregate Exercise Price of the shares of Preferred Stock for which this Warrant was exercisable immediately prior to such conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable immediately after such conversion.