Class B Warrants. On the Closing Date, the Company will issue and deliver Class B Warrants to the Subscribers. One Class B Warrant will be issued for each $0.75 of Purchase Price paid by a Subscriber on a Closing Date. The exercise price to acquire a Warrant Share upon exercise of a Class B Warrant shall be $1.00, subject to reduction as described in the Class B Warrant. The Class B Warrants shall be exercisable until three years after the Closing Date.
Class B Warrants. On the Closing Date, the Company will issue and deliver Class B Warrants to the Subscribers. Fifty (50) Class B Warrants will be issued for each one hundred (100) Shares which would be issued on the Closing Date assuming the complete conversion of the Notes issued on the Closing Date at the Conversion Price in effect on the Closing Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class B Warrant shall be $0.
Class B Warrants. On each Closing Date, the Company will issue and deliver Class B Warrants to the Subscribers. An aggregate of 750,000 Class B Warrants will be issued to the Subscribers on the Initial Closing Date and an aggregate of 250,000 Class B Warrants will be issued to the Subscribers on the Second Closing Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class B Warrant shall be equal to $0.55, subject to reduction as defined in the Class B Warrant. The Class B Warrants shall be exercisable until the Registration Statement [as defined in Section 11.1(iv)] has been effective for the public resale of the Shares and Warrants for 180 days.
Class B Warrants. The Selling Shareholders that own the ---------------- Class B Warrants shall deliver to the Company original warrant certificates or other documentation evidencing the Class B Warrants, in form and substance satisfactory to the Company for purposes of assigning and transferring all of their right, title and interest in and to the Class B Warrants. From time to time after the Closing Date, and without further consideration, the Selling Shareholders will execute and deliver such other instruments of transfer and take such other actions as the Company may reasonably request in order to more effectively transfer to the Company the securities intended to be transferred hereunder.
Class B Warrants. At the Effective Time, by virtue of the Merger and without any action on the part of the holders thereof, the warrant held by Lyon Shareholder 2012, LLC (the “Class B Warrant”) shall be substituted and converted at the Effective Time, by Parent issuing a warrant to be settled in Parent Shares in substitution of the Class B Warrant exercisable for (A) a number of whole Parent Shares (rounded down to the nearest whole share) equal to the product obtained by multiplying (x) the number of Company Shares subject to the Class B Warrant immediately prior to the Effective Time by (y) the Equity Award Exchange Ratio, and (B) at an exercise price per share (rounded up to the nearest cent) equal to the quotient obtained by dividing (x) the exercise price per Company Share of the Class B Warrant immediately prior to the Effective Time by (y) the Equity Award Exchange Ratio. The Parent warrant issued pursuant to this Section 2.4(d) shall be substantially in the form attached hereto as Exhibit C.
Class B Warrants. The Offering is being made on a “best efforts” basis with no minimum offering amount of subscriptions, and the parties shall use their reasonable efforts to consummate a closing of subscriptions prior to August 31, 2009. In the event a subscription is not accepted, such rejected subscription funds will be returned to the subscriber without interest or deduction.
Class B Warrants. On the Closing Date, the Company will issue and deliver Class B Warrants to the Subscribers. One Class B Warrant will be issued for each four Shares which would be issued on the Closing Date assuming the complete conversion of the Notes issued on the Closing Date at the Conversion Price in effect on the Closing Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class B Warrant shall be equal to 110% of the closing bid price of the Common Stock as reported by Bloomberg LP for the Principal Market (as hereinafter defined) for the last trading day preceding the Closing Date. The Class B Warrants shall be exercisable from the Closing Date until the Registration Statement (as defined in Section 11.1(iv) of this Agreement) has been effective for the public unrestricted resale of the Registrable Securities (as defined in Section 11.1(i) of this Agreement) for one hundred and eighty (180) days.
Class B Warrants. On the Closing Date, the Company will issue and deliver Class B Warrants to the Subscribers (the “Warrants”). One Class B Warrant will be issued for each one Share which would be issued on the Closing Date assuming the complete conversion of the Notes issued on such Closing Date at the Conversion Price in effect on the Closing Date assuming such Closing Date were a Conversion Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Warrant shall be equal to the lessor of (i) $3.00, or 105% of the closing price of the Company’s common stock on the Principal Market for the trading day preceding, the Closing Date, as reported by Bloomberg L.P. The Class B Warrants shall be exercisable until five (5) years after the Closing Date. The Warrants will be exercisable on a cashless basis as described in the Warrants.
Class B Warrants. On the Initial Closing Date, the Company will issue and deliver Class B Warrants to the Subscribers. The exercise price to acquire a Warrant Share upon exercise of a Class B Warrant shall be 70% of the Volume Weighted Average Price of the Common Stock as reported by Bloomberg LP for the OTC Bulletin Board ("Bulletin Board") for the five trading days preceding the Closing Date using the AQR function. Each Subscriber shall receive an amount of Class B Warrants to purchase Warrant Shares having aggregate exercise prices equal to three times the Purchase Price paid by such Subscriber on the Initial Closing Date. The Class B Warrants shall be exercisable until the Registration Statement [as defined in Section 11.1(iv)] has been effective for the public unrestricted resale of the Shares and Warrant Shares for 90 days.
Class B Warrants. On the Initial Closing Date, the Company will issue and deliver Class B Warrants to the Subscribers. Five (5) Class B Warrants will be issued for each one dollar of Purchase Price paid on the Initial Closing Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class B Warrant shall be $0.20. The Class B Warrants shall be exercisable until five (5) years after the Initial Closing Date. The Class B Warrants will be subject to Call as described in the Class B Warrant.
