Common use of DESCRIPTION OF WARRANTS Clause in Contracts

DESCRIPTION OF WARRANTS. The warrants forming part of the Purchased Securities (the "Warrants") shall be governed by the provisions of warrant certificates (the "Warrant Certificates") of the Corporation, the form of which is appended hereto as Schedule "C". Subject to the anti-dilution and other adjustment provisions contained in the Warrant Certificates, each Warrant shall entitle the holder thereof to acquire one common share of the Corporation at any time on or before 5:00 (Toronto time) on the date that is 24 months from the Closing Date (the "Warrant Shares"). Each Warrant will have an exercise price of US$1.00 as more specifically set out in the Warrant Certificate.

Appears in 2 contracts

Samples: Subscription Agreement (Empire Global Corp.), Subscription Agreement (Empire Global Corp.)

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DESCRIPTION OF WARRANTS. The warrants forming part of the Purchased Securities (the "Warrants") shall be governed by the provisions of warrant certificates (the "Warrant Certificates") of the Corporation, the form of which is appended hereto as Schedule "C". Subject to the anti-dilution and other adjustment provisions contained in the Warrant Certificates, each Warrant shall entitle the holder thereof to acquire one common share of the Corporation at any time on or before 5:00 (Toronto time) on the date that is 24 twenty-four (24) months from the Closing Date (the "Warrant Shares"). Each Warrant will have an exercise price of US$1.00 (one United States dollar) as more specifically set out in the Warrant Certificate.

Appears in 2 contracts

Samples: Subscription Agreement (Newgioco Group, Inc.), Subscription Agreement (Newgioco Group, Inc.)

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DESCRIPTION OF WARRANTS. The warrants forming part of the Purchased Securities (the "Warrants") shall be governed by the provisions of warrant certificates (the "Warrant Certificates") of the Corporation, the form of which is appended hereto as Schedule "C". Subject to the anti-dilution and other adjustment provisions contained in the Warrant Certificates, each Warrant shall entitle the holder thereof to acquire one common share of the Corporation at any time on or before 5:00 (Toronto time) on the date that is 24 months from the Closing Date (the "Warrant Shares"). Each Warrant will have an exercise price of US$1.00 (one United States dollar) as more specifically set out in the Warrant Certificate.

Appears in 1 contract

Samples: Subscription Agreement (Newgioco Group, Inc.)

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