Exercise; Expiration Date; Automatic Exercise Clause Samples

Exercise; Expiration Date; Automatic Exercise. This Warrant may be exercised in whole or in part at any time commencing on the date hereof and ending at the earlier to occur of (i) the closing of an Initial Public Offering at a per share public offering price of not less than $5.00 (equitably adjusted for any stock split, combination or similar event) and an aggregate public offering price of at least $10,000,000, and (ii) 5:00 p.m. Pacific Time on the fifth anniversary of the date of this warrant (the "Expiration Date") and shall be void thereafter. Notwithstanding the foregoing, this Warrant shall automatically be deemed to be exercised in full pursuant to the provisions of Section 4 hereof, without any further action on behalf of the Holder, immediately prior to the Expiration Date.