Class C Warrants. On the Closing Date, the Company will issue and deliver Class C Warrants to the Subscribers. Four Class C Warrants will be issued for each ten 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 C Warrant shall be $0.005. The Class C Warrants shall be exercisable from the Closing Date until the Registration Statement has been effective for the public unrestricted resale of the Registrable Securities for five months.
Class C Warrants. On the Closing Date, the Company will issue Class C Warrants to the Subscribers in the form of EXHIBIT B hereto. Four (4) Class C Warrants will be issued for each one dollar of Purchase Price paid on the Closing Date ("Warrants"). The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class C Warrant shall be $.
Class C Warrants. On the Initial Closing Date, the Company will issue and deliver Class C Warrants to the Subscribers. One Class C Warrant will be issued for each $2.50 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 C Warrant shall be $1.00. The Class C Warrants shall be exercisable until three (3) years after the Initial Closing Date.
Class C Warrants. At the Effective Time, and without any action on the part of any holder of a Class C Warrant, each Class C Warrant that is then outstanding and unexercised will remain outstanding and, for purposes of Section 1.4, will be deemed an equivalent warrant with rights to receive Merger Consideration (an “Equivalent Warrant”) on the same terms and conditions as are in effect with respect to the Class C Warrant immediately prior to the Effective Time. To clarify, each Class C Warrant will become exercisable for Merger Consideration based on the Merger Consideration that would have been received as if each Class C Warrant had been exercised for Series B Preferred Stock and converted to Company Common Stock in accordance with the terms thereof prior to the Effective Time. Purchaser shall cause each holder of an Equivalent Warrant to receive, for purposes of electing to receive Stock Election Shares, Cash Election Shares or Mixed Election Shares upon future exercise of such Equivalent Warrant, an election statement at the same time as holders of Exchangeable Shares receive Election Statements pursuant to Section 2.1(a), and the Merger Consideration such holders shall receive upon exercise shall be subject to the election and proration procedures set forth in Section 2.1, provided, however, that proration with respect to a holder of Class C Warrants shall aggregate all elections made by such holder with respect to such holder’s shares of Company Common Stock, shares of Series B Preferred Stock and Class C Warrants, and any proration allocations, if any, arising as a result of the application of the provisions of Section 2.1 shall be applied first to such holder’s shares of Company Common Stock and second to such holder’s shares of Series B Preferred Stock. For purposes of calculating an Equivalent Warrant for purposes of Section 1.4, (i) the number of shares of Purchaser Common Stock deemed subject to such Equivalent Warrant will be equal to the number of shares of Company Common Stock into which the shares of Series B Preferred Stock subject to the Company Class C Warrant would be convertible (assuming they are convertible) assuming conversion immediately prior to the Effective Time, multiplied by the Exchange Ratio (rounded to the nearest whole share), and (ii) the per-share exercise price for each such Equivalent Warrant will be adjusted by dividing the per-share exercise price of the Company Class C Warrant on a Company Common Stock equivalent basis by the Exchang...
Class C Warrants. On the Closing Date, the Company will issue and deliver Class C Warrants to the Subscribers. One-half Class C 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 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 C Warrant shall be 102% of the closing bid price of the Common Stock as reported by Bloomberg L.P. for the trading day preceding the Closing Date. The Class C Warrants shall be exercisable only if the Approval (as defined in Section 13 below) is obtained, commencing six months after the Closing Date and until five years after the Closing Date.
Class C Warrants. On the Closing Date, the Company will issue and deliver Class C Warrants to the Subscribers. 660,000 Class C Warrants will be issued for $220,000 of Note Principal Amount issued on the Closing Date. The Exercise Price to acquire a Warrant Share upon exercise of a Class C Warrant shall be $0.50, subject to reduction as described in the Class C Warrant. The Class C Warrants shall be exercisable until three years after the issue date of the Class C Warrants.
Class C Warrants. On the Closing Date, the Company will issue and deliver Class C Warrants to the Subscribers. One Class C Warrant will be issued for each Share which would be issued on the Closing Date assuming the complete conversion of the Notes issued on the Closing Date at the Conversion Price (as defined in the Note) in effect on the Closing Date. The exercise price to acquire a Warrant Share upon exercise of a Class C Warrant shall equal to 500% of the Conversion Price (as defined in the Note) in effect on the Closing Date. The Class C Warrants shall be exercisable until five years after the Closing Date.
Class C Warrants. Upon exercise of either the Class A Warrants of the Class B Warrants, as applicable, Subscriber will be issued a Class C Warrant. One Class C Warrant will be issued for each Class A or Class B Warrant exercised. The per share Warrant Share Exercise Price to acquire a Warrant Share upon exercise of a Class C Warrant shall be equal to $2.00. The Class C Warrants shall be exercisable for a period of five (5) years after issuance. The Class C Warrant will be exercisable on a cashless basis as described in the Class C Warrant.
Class C Warrants. On each Closing Date, the Company will issue and deliver Class C Warrants to the Subscribers. Fifty (50) Class C Warrants will be issued for each one hundred (100) Shares which would be issued on each Closing Date assuming the complete conversion of the Note on each Closing Date at the Conversion Price then in effect. The exercise price to acquire a Warrant Share upon exercise of a Class C Warrant shall be 110% of the average of the volume weighted average price (VWAP) of the Common Stock as reported by Bloomberg LP for the OTC Bulletin Board ("Bulletin Board") for the five trading days preceding each Closing Date, subject to reduction as described in the Class C Warrant. The Class C Warrants shall be exercisable until five years after the Initial Closing Date. (Subscription Agreement) 2
Class C Warrants. On the Initial Closing Date, the Company will issue and deliver Class C Warrants to the Subscribers. Seventy-Five (75) Class C 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 a conversion price determined by dividing the Purchase Price by the lessor of $0.16, or 80% of the volume weighted average price of the Common Stock as reported by Bloomberg, L.P. for the thirty (30) trading days preceding the Closing Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class C Warrant shall be $0.30. The Class C Warrants shall be exercisable until five (5) years after the Closing Date.
