Duration, Exercise and Redemption of Warrants. (a) The vesting of the Warrant Shares which the Holder is permitted to acquire pursuant to this Warrant shall occur on the dates set forth below. On each such date, this Warrant shall vest on a cumulative basis with respect to a number of Warrant Shares calculated pursuant to Section 3(b) below. Only the Warrant Shares that have vested may be acquired upon exercise of this Warrant.
Appears in 4 contracts
Samples: Securities Purchase Agreement (K Tel International Inc), K Tel International Inc, Allou Health & Beauty Care Inc