Common use of Authorization and Issuance of Warrants Clause in Contracts

Authorization and Issuance of Warrants. The Company has authorized the issuance and delivery of Warrants exercisable for up to 300,000 shares of Common Stock in connection with the issuance, sale, and delivery of the Bridge Notes. The Company agrees to issue and deliver to each Purchaser a Warrant exercisable in accordance with its terms for 15,000 shares of Common Stock for each $100,000 in principal amount of the Bridge Notes purchased by such Purchaser.

Appears in 1 contract

Samples: Bridge Note Purchase Agreement (Cambex Corp)

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Authorization and Issuance of Warrants. The Company has authorized the issuance and delivery of Warrants exercisable for up to 300,000 shares of Common Stock (20% of total principal amount of Bridge Notes) in connection with the issuance, sale, and delivery of the Bridge Notes. The Company agrees to issue and deliver to each Purchaser a Warrant exercisable in accordance with its terms for 15,000 20,000 shares of Common Stock for each $100,000 in principal amount of the Bridge Notes purchased by such Purchaser.

Appears in 1 contract

Samples: Series 1 Bridge Note Purchase and Security Agreement (Compositech LTD)

Authorization and Issuance of Warrants. The Company has authorized the issuance and delivery of Warrants exercisable for up to 300,000 150,000 shares of Common Stock in connection with the issuance, sale, and delivery of the Bridge Notes. The Company agrees to issue and deliver to each Purchaser a Warrant exercisable in accordance with its terms for 15,000 10,000 shares of Common Stock for each $100,000 in principal amount of the Bridge Notes purchased by such Purchaser.

Appears in 1 contract

Samples: Series 1 Bridge Note Purchase and Security Agreement (Cumetrix Data Systems Corp)

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Authorization and Issuance of Warrants. The Company has authorized the issuance and delivery of Warrants exercisable for up to 300,000 800,000 shares of Common Stock in connection with the issuance, sale, and delivery of the Bridge Notes. The Company agrees to issue and deliver to each Purchaser a Warrant exercisable in accordance with its terms for 15,000 20,000 shares of Common Stock for each $100,000 in principal amount of the Bridge Notes purchased by such Purchaser.

Appears in 1 contract

Samples: Series 1 Bridge Notes Purchase and Security Agreement (Providential Holdings Inc)

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