EX-10.79
from S-1/A
2 pages
To Facilitate the Closing of the Next Equity Financing and the Condition Imposed by the Underwriters That That All Notes Convert Into Common Stock in Connection With the Closing of the Next Equity Financing, the Company and the Note Holders Have Agreed That the Note Holders Will Irrevocably Waive the 30% Discounted Conversion Set Forth in Section 3.2 of the Note (The “Discount”) and That the Note Conversions Will Occur at the Price Per Share of Common Stock Offered to the Public in the Next Equity Financing, And, in Consideration Therefor, the Company Will Issue to Such Note Holders, Promptly Upon Conversion of the Notes, Unregistered, Non-Tradable, Five (5) Year Warrants to Purchase Such Number of Shares of Common Stock Equal to One Hundred Twenty Five Percent (125%) of the Shares of Common Stock Issued to Note Holders Upon Conversion of the Notes, at a Strike Price Equal to One Hundred Twenty Five Percent (125%) of the the Price Per Share to the Public of the Common Stock Issued in the Next Equity Financing
12/34/56
EX-10.78
from S-1/A
2 pages
To Facilitate the Closing of the Next Equity Financing and the Condition Imposed by the Underwriters That That All Notes Convert Into Common Stock in Connection With the Closing of the Next Equity Financing, the Company and the Note Holders Have Agreed That the Note Holders Will Irrevocably Waive the 30% Discounted Conversion Set Forth in Section 3.2 of the Note (The “Discount”) and That the Note Conversions Will Occur at the Price Per Share of Common Stock Offered to the Public in the Next Equity Financing, And, in Consideration Therefor, the Company Will Issue to Such Note Holders, Promptly Upon Conversion of the Notes, Unregistered, Non-Tradable, Five (5) Year Warrants to Purchase Such Number of Shares of Common Stock Equal to One Hundred Twenty Five Percent (125%) of the Shares of Common Stock Issued to Note Holders Upon Conversion of the Notes, at a Strike Price Equal to One Hundred Twenty Five Percent (125%) of the the Price Per Share to the Public of the Common Stock Issued in the Next Equity Financing
12/34/56