Common use of Exchange and Satisfaction Clause in Contracts

Exchange and Satisfaction. The Obligations are hereby surrendered by the Warrant Holder and exchanged for the Securities and other considerations according to the following terms and conditions. a. As of December 7, 2021, the Warrant Holder currently holds the following warrants. i. Warrants to purchase 255,548 shares priced at $0.20 (twenty cents) each. All of the above warrants expire on December 31, 2022, have had their underlying shares registered and do not have a cashless exercise option or any anti-dilution features. b. Warrant holder agrees to exchange all of the above warrants for the following considerations: i. The 255,548 warrants currently priced at $0.20 shall be repriced at $0.16 and their total reduced by 5%. Specifically, the Warrant Holder shall exercise 242,771 warrants at $0.16 within 15 (fifteen) business days of signing this agreement for a total of $38,843.36.

Appears in 1 contract

Samples: Warrant Exchange and Exercise Agreement (Guided Therapeutics Inc)

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Exchange and Satisfaction. The Obligations are hereby surrendered by the Warrant Holder and exchanged for the Securities and other considerations according to the following terms and conditions. a. As of December 7, 2021, the Warrant Holder currently holds the following warrants. i. Warrants to purchase 255,548 896,456 shares priced at $0.20 (twenty cents) each. All of the above warrants expire on December 31, 2022, have had their underlying shares registered and do not have a cashless exercise option or any anti-dilution features. b. Warrant holder agrees to exchange all of the above warrants for the following considerations: i. The 255,548 896,456 warrants currently priced at $0.20 shall be repriced at $0.16 and their total reduced by 5%. Specifically, the Warrant Holder shall exercise 242,771 851,633 warrants at $0.16 within 15 (fifteen) business days of signing this agreement for a total of $38,843.36136,261.

Appears in 1 contract

Samples: Warrant Exchange and Exercise Agreement (Guided Therapeutics Inc)

Exchange and Satisfaction. The Obligations are hereby surrendered by the Warrant Holder and exchanged for the Securities and other considerations according to the following terms and conditions. a. As of December 7, 2021, the Warrant Holder currently holds the following warrants. i. Warrants to purchase 255,548 77,885 shares priced at $0.20 (twenty cents) each. All of the above warrants expire on December 31, 2022, have had their underlying shares registered and do not have a cashless exercise option or any anti-dilution features. b. Warrant holder agrees to exchange all of the above warrants for the following considerations: i. The 255,548 77,885 warrants currently priced at $0.20 shall be repriced at $0.16 and their total reduced by 5%. Specifically, the Warrant Holder shall exercise 242,771 73,991 warrants at $0.16 within 15 (fifteen) business days of signing this agreement for a total of $38,843.3611,839.

Appears in 1 contract

Samples: Warrant Exchange and Exercise Agreement (Guided Therapeutics Inc)

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Exchange and Satisfaction. The Obligations are hereby surrendered by the Warrant Holder and exchanged for the Securities and other considerations according to the following terms and conditions. a. As of December 7, 2021, the Warrant Holder currently holds the following warrants. i. Warrants to purchase 255,548 556,136 shares priced at $0.20 (twenty cents) each. All of the above warrants expire on December 31, 2022, have had their underlying shares registered and do not have a cashless exercise option or any anti-dilution features. b. Warrant holder agrees to exchange all of the above warrants for the following considerations: i. The 255,548 556,136 warrants currently priced at $0.20 shall be repriced at $0.16 and their total reduced by 5%. Specifically, the Warrant Holder shall exercise 242,771 528,329 warrants at $0.16 within 15 (fifteen) business days of signing this agreement for a total of $38,843.3684,533.

Appears in 1 contract

Samples: Warrant Exchange and Exercise Agreement (Guided Therapeutics Inc)

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