Common use of Additional Warrant Shares Clause in Contracts

Additional Warrant Shares. Additionally, DRI shall deliver to the Buyer at the Closing a Stock Purchase Warrant, in the form set forth as Exhibit 1.3., with the rights, obligations and preferences as set forth therein (the "Warrant Agreement"). The basic terms of the Warrant Agreement shall provide Buyer with the right to purchase up to 319,150 shares of common stock, par value $0.10 per share, of DRI (the "Warrant Stock") at an exercise price of $3.00 per share for a period of seven (7) years, subject to the terms and conditions set forth in the Warrant Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Digital Recorders Inc)

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Additional Warrant Shares. Additionally, DRI shall deliver to the Buyer at the Closing a Stock Purchase Warrant, in the form set forth as Exhibit 1.3., with the rights, obligations and preferences as set forth therein (the "Warrant Agreement"). The basic terms of the Warrant Agreement shall provide Buyer with the right to purchase up to 319,150 35,714 shares of common stock, par value $0.10 per share, of DRI (the "Warrant Stock") at an exercise price of $3.00 2.21 per share for a period of seven five (75) years, subject to the terms and conditions set forth in the Warrant Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Digital Recorders Inc)

Additional Warrant Shares. Additionally, DRI shall deliver to the Buyer at the Closing a Stock Purchase Warrant, in the form set forth as Exhibit 1.3., with the rights, obligations and preferences as set forth therein (the "Warrant Agreement"). The basic terms of the Warrant Agreement shall provide Buyer with the right to purchase up to 319,150 93,750 shares of common stock, par value $0.10 per share, of DRI (the "Warrant Stock") at an exercise price of $3.00 1.60 per share for a period of seven five (75) yearsyears from the Closing Date, subject to the terms and conditions set forth in the Warrant Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Digital Recorders Inc)

Additional Warrant Shares. Additionally, DRI shall deliver to the Buyer at the Closing a Stock Purchase Warrant, in the form set forth as Exhibit 1.3., with the rights, obligations and preferences as set forth therein (the "Warrant Agreement"). The basic terms of the Warrant Agreement shall provide Buyer with the right to purchase up to 319,150 55,000 shares of common stock, par value $0.10 per share, of DRI (the "Warrant Stock") at an exercise price of $3.00 2.02 per share for a period of seven five (75) yearsyears from the Closing Date, subject to the terms and conditions set forth in the Warrant Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Digital Recorders Inc)

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Additional Warrant Shares. Additionally, DRI shall deliver to the Buyer at the Closing a Stock Purchase Warrant, in the form set forth as Exhibit 1.3., with the rights, obligations and preferences as set forth therein (the "Warrant Agreement"). The basic terms of the Warrant Agreement shall provide Buyer with the right to purchase up to 319,150 240,000 shares of common stock, par value $0.10 per share, of DRI (the "Warrant Stock") at an exercise price of $3.00 2.21 per share for a period of seven five (75) years, subject to the terms and conditions set forth in the Warrant Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Digital Recorders Inc)

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