Amendments to Warrants a. As of the Effective Time, Section 1, EXERCISE OF WARRANT, of each Warrant shall be automatically amended, without any action on the part of any Person, by adding a new Section 1(h) at the end thereof, as follows:
Amendments to Warrants. Each of the Warrants are hereby amended as follows:
Amendments to Warrants. The parties agree that each of the Warrants is hereby amended as follows (capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Warrant Agreements):
(a) The Purchase Price set forth in the introductory paragraph is hereby changed from "$1.625" to "$0.625."
(b) The Expiration Date is hereby changed from "January 27, 2003" to "November 1, 2003."
(c) Section 1.1 is hereby deleted and replaced with the following: "This Warrant may be exercised in whole or in part at any time, and from time to time, during the period commencing on the date of this Warrant and expiring on November 1, 2003."
Amendments to Warrants. The Warrants are hereby amended as follows: The Warrants shall be amended to provide that the Exercise Price is $3.00, with no corresponding adjustment in the number of shares issuable upon exercise of the Warrants (notwithstanding Section 4 of the Warrants); provided, however, with respect to any holder of Series C Preferred Stock that invests in Senior Securities in the New Offering (as such terms are defined in Section 2(c) above), a portion of the Warrants held by such holder (such portion to be determined based upon the same percentage of such holder's Series C Preferred Stock which received the one-time conversion price reset pursuant to Section 2(b)(i) above) shall receive a one-time rest of the Exercise Price (without adjustment of the number of shares issuable upon exercise of such warrants) to the initial, five-year exercise price of the warrants issued in the New Offering, subject to further adjustment only pursuant to the remaining provisions of the Warrants. The Company shall deliver a replacement Warrant(s), to each of the Original Purchasers within five (5) business days after close and funding of the new financing. Each Original Purchaser shall within five (5) business days after execution of this Agreement, return his, her or its original Warrant(s) to the Company for cancellation, which in any event shall be deemed cancelled upon issuance of the replacement Warrant(s) to such Original Purchaser.
Amendments to Warrants. As consideration for the extension provided in Section 2 of this Amendment, CytoDyn hereby amends the pre-existing Warrants under the Agreement to provide as follows:
(a) The Exercise Price of all 30 million shares covered by the Warrants shall be $0.10 per share.
Amendments to Warrants. Successories, Inc. shall have issued to Agent amendments to the four existing Warrants issued to Provident Financial Group, Inc. amending the Purchase Price to Three and 00/100 Dollars ($3.00) per share and extending the expiration date of each Warrant by one (1) year.
Amendments to Warrants. At the Closing, HA-LO shall execute and deliver to Xxxxxxxxxx Xxxx amendments to the Warrants in the forms attached hereto as Exhibits B and C (the "Amendments to Warrants").
Amendments to Warrants. Upon the closing of the transfer of the Warrants pursuant to the Securities Purchase Agreement, the terms of the Warrants shall be deemed amended and restated in their entirety as set forth in the warrant certificates attached as Exhibit A hereto (the "New Warrant Certificates"). As soon as practicable following the closing of the Warrant Transfer, I&S (on behalf of Xxxxxx and Monoyios) shall tender the existing certificates representing the Warrants to the Company for cancellation. Promptly following receipt of such certificates, the Company shall deliver to I&S (on behalf of Xxxxxx and Monoyios) executed copies of the New Warrant Certificates.
Amendments to Warrants. CytoDyn hereby amends the Warrants to provide as follows:
(a) The Exercise Price of all 30 million shares covered by the Warrants shall be $0.20 per share; and
(b) The Make-Whole Warrant covering 15 million shares will be exercisable in full beginning on the Effective Date through 5:00 p.m., Pacific Time, on the date that is five years following the date of the Make-Whole Warrant.
Amendments to Warrants. The Existing Shareholders will not agree to any amendments to the Private Placement Warrants without the consent of the Xxxxx Participants.
