Common use of Initial Warrants Clause in Contracts

Initial Warrants. The number of shares purchasable by the Subscribers upon exercise of the Initial Warrants ("INITIAL WARRANT SHARES") is increased to an additional 50% of the amount of Initial Warrant Shares purchasable on the issue date of the Initial Warrants on the same terms and conditions as the Initial Warrants ("ADDITIONAL INITIAL WARRANT SHARES"). The Additional Initial Warrant Shares are granted the same rights and benefits as applicable to the Initial Warrant and Initial Warrant Shares except that the Additional Initial Warrant Shares shall be deemed a component of the Registrable Securities as described in this Agreement and accordingly the holder of the Initial Warrant reflecting the right to purchase the Additional Initial Warrant Shares is granted all of the registration rights described in Section 11 of this Agreement in connection with the Initial Warrant and Additional Initial Warrant Shares.