Warrant Quantity

Warrant Quantity. Initially shall mean the Initial Warrant Quantity (as defined in the first paragraph of this Warrant), which amount shall be subject to adjustment and readjustment from time to time as provided in Section 3, and, as so adjusted or readjusted, shall remain in effect until a further adjustment or readjustment is required by Section 3.

Warrant Quantity. Shall mean, at the time that the Holder exercises the Warrant in whole or in part, or such other measurement date, 10% of the total number of shares of Common Stock then outstanding, on a Fully-Diluted Basis, subject to adjustment pursuant to Section 2.1(c).

Warrant Quantity. Shall mean, at the time that the Holder exercises the Warrant in whole or in part, or such other measurement date, the percentage of the total number of shares of Common Stock then outstanding, on a Fully-Diluted Basis, subject to adjustment pursuant to Section 2.1(c), 2. EXERCISE OF WARRANT. ------------------- 2.1 Manner of Exercise; Payment of the Purchase Price; Adjustment for Partial Exercise. (a) This Warrant may be exercised by the Holder hereof, in whole or in part, ... at any time or from time to time after the Initial Exercise Date through the Expiration Date, by surrendering to the Corporation at its principal office this Warrant, with the form of Election to Purchase Shares attached hereto as Exhibit A (or a reasonable facsimile thereof) duly executed by the Holder and accompanied by payment of the Purchase Price for the number of shares of Common Stock specified in such form. (b) Payment of the Purchase Price may be made as follows (or by any combination of the following): (i) in United States currency by cash or delivery of a certified check or bank draft payable to the order of the Corporation or by wire transfer to the Corporation, (ii) by cancellation of all or any part of the unpaid principal amount of the then-outstanding Obligations in an amount equal to the Purchase Price, (iii) by cancellation of such number of the shares of Common Stock otherwise issuable to the Holder upon such exercise as shall be specified in such Election to Purchase Shares, such that the excess of the 4 aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the Purchase Price attributable to such shares shall equal the Purchase Price attributable to the shares of Common Stock to be issued upon such exercise, in which case such amount shall be deemed to have been paid to the Corporation and the number of shares issuable upon such exercise shall be reduced by such specified number, or (iv) by surrender to the Corporation for cancellation certificates representing shares of Common Stock of the Corporation owned by the Holder (properly endorsed for transfer in blank) having a Current Market Price on the date of Warrant exercise equal to the Purchase Price. (c) In the event of any Partial Exercise of this Warrant, the Warrant Quantity shall be reduced, effective as of the effective date of such Partial Exercise, by such number of shares of Common Stock equal to the difference between (i) the Warrant Quantity on the date of such Partial Exercise and (ii) the number of shares of Common Stock, on a Fully-Diluted Basis, purchased by the Holder in connection with such Partial Exercise. 2.2 When Exercise Effective. Each exercise of this Warrant shall be deemed to have been effected immediately prior to the close of business on the Business Day on which this Warrant shall have been surrendered to, and the Purchase Price shall have been received by, the Corporation as provided in Section 2.1, and at such time the Person or Persons in whose name or names any certificate or certificates for shares of Common Stock (or Other Securities) shall be issuable upon such exercise as provided in Section 2.3 shall be deemed to have become the holder or holders of record thereof for all purposes. 2.3 Delivery of Stock Certificates, etc. ; Charges, Taxes and Expenses. (a) As soon as practicable after each exercise of this Warrant, in whole or in part, and in any event within five (5) Business Days thereafter, the Corporation shall cause to be issued in the name of and delivered to the Holder hereof or, subject to Section 10, as the Holder may direct, (i) a certificate or certificates for the number of shares of Common Stock (or Other Securities) to which the Holder shall be entitled upon such exercise plus, in lieu of issuance of any fractional share to which the Holder would otherwise be entitled, if any, a check for the amount of cash equal to the same fraction multiplied by the Current Market Price per share on the date of Warrant exercise, and (ii) in case such exercise is a Partial Exercise, a new Warrant or Warrants of like tenor, for the balance of the Warrant Quantity, as adjusted pursuant to Section 2.1(c). (b) Issuance of certificates for shares of Common Stock upon the exercise of this Warrant shall be made without charge to the Holder hereof for any issue or other incidental expense, in respect of the issuance of such certificates, all of which such taxes and expenses shall be paid by the Corporation. 2.4 Corporation to Reaffirm Obligations. The Corporation shall, at the time of each exercise of this Warrant, upon the request of the Holder hereof, acknowledge in writing its continuing obligation to afford to such Holder all rights to which such Holder shall continue to be entitled after such exercise in accordance with the terms of this Warrant, provided that if the Holder of this 5 Warrant shall fail to make any such request, such failure shall not affect the continuing obligation of the Corporation to afford such rights to the Holder. 2.5 Tax Basis. The Corporation and the Holder hereby agree that the tax basis of this Warrant for purposes of the Internal Revenue Code of 1986, as amended, shall be $1,000, and the treatment of this Warrant under such Code by each of the Corporation and the Holder shall be consistent with such agreement. View More

Warrant Quantity. Shall have the meaning assigned to it in the introduction to this Warrant.

Warrant Quantity. Means, (i) if the Initial Measurement Date occurs prior to August 7, 2002, the number of Series C Shares such that, assuming conversion of such Series C Shares on the Exercise Date, the number of shares of Common Stock (or Other Securities) into which such Series C Shares are convertible is equal to 0.40% of the fully diluted outstanding Common Stock (and/or Other Securities) of the Company on the applicable Exercise Date; or (ii) if the Initial Measurement Date is August 7, 2002, the number of... Series C Shares such that, assuming conversion of such Series C Shares on the Exercise Date, the number of shares of Common Stock (or Other Securities) into which such Series C Shares are convertible is equal to 0.45% of the fully diluted outstanding Common Stock (and/or Other Securities) of the Company on the applicable Exercise Date. View More

Warrant Quantity. Shall mean the Initial Warrant Quantity, subject to adjustment from time to time pursuant to Sections 3, 4 and 5.