Common use of WHAT YOU AGREE TO GRANT US Clause in Contracts

WHAT YOU AGREE TO GRANT US. You grant to Us and We are entitled, upon the terms and subject to the conditions set forth in this Warrant Agreement, to purchase from You, at a price per share equal to the Exercise Price, that number of fully paid and non-assessable shares of Your Warrant Stock equal to Three Hundred Thousand Dollars ($300,000), divided by the Exercise Price (rounded down to the nearest whole share). In addition, You grant to Us and We are entitled, upon the terms and subject to the conditions set forth in this Warrant Agreement, to purchase from You, at a price per share equal to the Exercise Price, an additional number of fully paid and non-assessable shares of Your Warrant Stock (rounded down to the nearest whole share) equal to: Þ one-half percent (0.5%) of any amounts advanced under Part 1 of the Loan Agreement, divided by the Exercise Price, if You choose Option B for such Advance under the Loan Agreement; or Þ one percent (1.0%) of any amounts advanced under Part 1 of the Loan Agreement, divided by the Exercise Price, if You choose Option C for such Advance under the Loan Agreement. The number of shares of Warrant Stock and the Exercise Price of such Warrant Stock are subject to adjustment as provided in Section 4 hereof. For purposes of this Warrant Agreement, the following capitalized terms have the meanings given below:

WHAT YOU AGREE TO GRANT US. You grant to Us and We are entitled, upon the terms and subject to the conditions set forth in this Warrant Agreement, to purchase from You, at a price per share equal to the Exercise Price, that number of fully paid and non-assessable shares of Your Warrant Stock equal to Three Hundred Thousand Dollars ($300,000), divided by the Exercise Price (rounded down to the nearest whole share). In addition, You grant to Us and We are entitled, upon the terms and subject to the conditions set forth in this Warrant Agreement, to purchase from You, at a price per share equal to the Exercise Price, an additional number of fully paid and non-assessable shares of Your Warrant Stock (rounded down to the nearest whole share) equal to: Þ one-half percent (0.5%) of any amounts advanced under Part 1 2 of the Loan Agreement, divided by the Exercise Price, if You choose Option B for such Advance under the Loan Agreement; or Þ one percent (1.0%) of any amounts advanced under Part 1 2 of the Loan Agreement, divided by the Exercise Price, if You choose Option C for such Advance under the Loan Agreement. The number of shares of Warrant Stock and the Exercise Price of such Warrant Stock are subject to adjustment as provided in Section 4 hereof. For purposes of this Warrant Agreement, the following capitalized terms have the meanings given below:

WHAT YOU AGREE TO GRANT US. You grant to Us and We are entitled, upon the terms and subject to the conditions set forth in this Warrant Agreement, to purchase from You, at a price per share equal to the Exercise Price, that number of fully paid and non-assessable shares of Your Warrant Stock equal to Three Hundred Thousand Dollars ($300,000), divided by the Exercise Price (rounded down to the nearest whole share). In addition, You grant to Us and We are entitled, upon the terms and subject to the conditions set forth in this Warrant Agreement, to purchase from You, at a price per share equal to the Exercise Price, an additional number of fully paid and non-assessable shares of Your Warrant Stock (rounded down to the nearest whole share) equal to: Þ one-half percent (0.5%) of any amounts advanced leased under Part 1 of the Loan Lease Agreement, divided by the Exercise Price, if You choose Option B for such Advance under the Loan Agreementleased Equipment; or Þ one percent (1.0%) of any amounts advanced leased under Part 1 of the Loan Lease Agreement, divided by the Exercise Price, if You choose Option C for such Advance under the Loan Agreementleased Equipment. The number of shares of Warrant Stock and the Exercise Price of such Warrant Stock are subject to adjustment as provided in Section 4 hereof. For purposes of this Warrant Agreement, the following capitalized terms have the meanings given below:

WHAT YOU AGREE TO GRANT US. You grant to Us and We are entitled, upon the terms and subject to the conditions set forth in this Warrant Agreement, to purchase from You, at a price per share equal to the Exercise Price, that number of fully paid and non-assessable shares of Your Warrant Stock equal to Three One Hundred Seventy-Five Thousand Dollars ($300,000175,000), divided by the Exercise Price (rounded down to the nearest whole share“Initial Grant”). In addition, You grant to Us and We are entitled, upon the terms and subject to the conditions set forth in this Warrant Agreement, to purchase from You, at a price per share equal to the Exercise Price, an additional number of fully paid and non-assessable shares of Your Warrant Stock (rounded down equal to the nearest whole share) equal to: Þ one-half five and one quarter percent (0.55.25%) of any amounts advanced under the Part 1 Commitment Amount of the Loan Agreement, divided by the Exercise PricePrice the “Additional Grant”). For the purpose of clarity, the Initial Grant and the Additional Grant, if You choose Option B for such Advance under applicable, shall not exceed an aggregate of Seven Hundred Thousand ($700,000). Notwithstanding the Loan Agreement; or Þ one percent (1.0%) of any amounts advanced under Part 1 of the Loan Agreement, divided by the Exercise Priceabove, if You choose Option C a Merger Event (as defined below) is consummated on or before December 31, 2012, in which Your stock is exchanged for cash or publicly traded stock, then the Warrant Coverage shall be adjusted such Advance that the maximum Warrant Coverage that may be earned under the Loan Agreementthis Warrant Agreement is $600,000. The number of shares of Warrant Stock and the Exercise Price of such Warrant Stock are subject to adjustment as provided in Section 4 hereof. For purposes of this Warrant Agreement, the following capitalized terms have the meanings given below: