Common use of Equity Interest Clause in Contracts

Equity Interest. As partial consideration for the Provention License and other rights granted hereunder, Provention will issue to MacroGenics a warrant to purchase two hundred seventy thousand and two hundred ninety-nine (270,299) common shares, which is the number of common shares representing one percent (1%) of Provention’s fully diluted outstanding shares on the issue date. The warrant will be exercisable for a period beginning on the Effective Date and ending on the date that is seven (7) years from the Effective Date at a per share exercise price equal to two dollars and fifty cents ($2.50), the per share price at which the Series A Preferred Shares were issued pursuant to a separate warrant purchase agreement, substantially in the form attached to this Agreement as Exhibit G (the “Warrant”). MacroGenics shall execute a Lock-Up Agreement in substantially the form attached hereto as Exhibit H prior to or concurrently with the execution of this Agreement.