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.
Appears in 4 contracts
Samples: Subscription Agreement (Valcent Products Inc.), Subscription Agreement (Valcent Products Inc.), Subscription Agreement (Valcent Products Inc.)
