Exercise of Existing Warrants. Holder hereby agrees to exercise all of such Holder’s Existing Warrants (except to the extent indicated on the signature page hereto) at an exercise price of $0.10 per share, otherwise pursuant to the terms of the Existing Warrants. At the Closing (as defined below), the Holder shall deliver the aggregate cash exercise price for such Existing Warrants to the bank account designated in writing by the Company. This Agreement shall act as a duly executed Notice of Exercise and no additional notice shall be required by the Holder for the exercise of the Existing Warrants. At the Closing, the Company shall deliver to the Holder the shares underlying the Existing Warrants (the “Existing Warrant Shares”) via DRS as set forth on the Holder’s signature page hereto. Such Existing Warrant Shares shall be subject to an effective registration statement registering the sale or resale, as the case may be, of such Existing Warrant Shares.
Exercise of Existing Warrants. Holder hereby agrees to exercise its Existing Warrants for a cash exercise payment pursuant to the terms of the Existing Warrants. The number of Warrant Shares purchased and the aggregate exercise price are set forth on the Holder’s signature page hereto. Within one (1) Trading Day of the date hereof, the Holder shall deliver the aggregate cash exercise price for such Existing Warrants to the wire instructions set forth on the Company’s signature page hereto and within one (1) Trading Day of receipt by the Company of such aggregate cash exercise price, the Company shall deliver the Warrant Shares to the Holder’s DTC account via the DWAC system. The exercise of the Existing Warrant shall otherwise be pursuant to, and subject to the terms of, the Existing Warrant. The date of the closing of the exercise of the Existing Warrants and other transactions contemplated hereunder shall be referred to as the “Closing”.
Exercise of Existing Warrants. Each Holder hereby agrees, severally and not jointly with the other Holders, to exercise the number of such Holder’s Existing Warrants set forth on Schedule B hereto, at an exercise price of $0.005 per share, for aggregate cash proceeds to the Company from all Holders equal to $56,000, otherwise pursuant to the terms of the Existing Warrants. The cash exercise price to be paid by each Holder for such Existing Warrants shall be referred to as such Holder’s “Exercise Amount”. Each Holder shall execute and deliver such Holder’s Exercise Amount to the bank account designated in writing by the Company set forth on Schedule C attached hereto; provided, however, that a Holder shall not be required to exercise such certain portion of its Existing Warrant to the extent that Section 2(d) of the Existing Warrants is violated by the resulting Common Stock issuance of such certain portion.
Exercise of Existing Warrants. The Holder hereby agrees to exercise all of such Holder’s Existing Warrants at an exercise price of $0.10 per share, otherwise pursuant to the terms of the Existing Warrants. At the Closing (as defined below), the Holder shall deliver the aggregate cash exercise price for such Existing Warrants to the bank account designated in writing by the Company. This Agreement shall act as a duly executed Notice of Exercise and no additional notice shall be required by the Holder for the exercise of the Existing Warrants. At the Closing, the Company shall issue to the Holder the shares underlying the Existing Warrants (the “Existing Warrant Shares”) registered in the name and address set forth on the Holder’s signature page hereto.
Exercise of Existing Warrants. The Purchasers hereby acknowledge and agree, that upon the Closing, to exercise their Existing Warrants, at an effective exercise price of $0.05 per share, for an aggregate exercise price of $115,198.90, provided that the registration statement registering the resale of the Warrant Shares is then effective (and effective for the foreseeable future) and available for use by the Purchaser.
Exercise of Existing Warrants. The Lender agrees that within five Business Days of the date of this Agreement, the Lender will exercise that number of the Existing Warrants that would result in the Borrower receiving $1,200,000 based on the Canadian dollar to U.S. dollar foreign exchange rate in effect on the date of exercise.
Exercise of Existing Warrants. Purchaser hereby agrees to exercise all of such Purchaser's Existing Warrants at an exercise price of $0.25 per share, for aggregate cash proceeds to the Company of $1,475,000, and otherwise pursuant to the terms of the Existing Warrants. Purchaser shall execute and deliver the aggregate cash exercise price for such Existing Warrants to the bank account designated in writing by the Company.
Exercise of Existing Warrants. Each Purchaser hereby agrees, severally and not jointly with the other Purchasers, to exercise that number of the Existing Warrants at the Aggregate Cash Exercise Amount as set forth on the signature pages hereto within two Business Days of notice from the Company that the Certificate of Designation has been filed with the Delaware Secretary of State. Each Purchaser’s Aggregate Cash Exercise Amount shall be delivered to Synergy Law Group as escrow agent (the “Escrow Agent”), per the wire instructions set forth below:
(a) The Company shall deliver to the Escrow Agent the certificates representing the shares of Preferred Stock to be issued to each Purchaser together with a certified copy of the Certificate of Designations evidencing filing with the Delaware Secretary of State;
(b) Once the Escrow Agent has received the Aggregate Cash Exercise Amount from each Purchaser and the Preferred Stock certificates and a certified copy of the Certificate of Designations from the Company, the Escrow Agent shall wire $250,000 of the escrow funds to Sovereign Bank’s IR Escrow Account per the following wire instructions: and shall deliver the balance of the escrow funds pursuant to written instructions from the Company provided to the Escrow Agent. Once the funds (as set forth above) have been sent per the Company’s instructions, the Escrow Agent shall then arrange to have the the shares of Preferred Stock delivered to the appropriate Purchasers.
(c) The Escrow Agent’s duties hereunder may be altered, amended, modified or revoked only by a writing signed by the Company, each Purchaser and the Escrow Agent.
(d) The Escrow Agent shall be obligated only for the performance of such duties as are specifically set forth herein and may rely and shall be protected in relying or refraining from acting on any instrument reasonably believed by the Escrow Agent to be genuine and to have been signed or presented by the proper party or parties. The Escrow Agent shall not be personally liable for any act the Escrow Agent may do or omit to do hereunder as the Escrow Agent while acting in good faith and in the absence of gross negligence, fraud and willful misconduct, and any act done or omitted by the Escrow Agent pursuant to the advice of the Escrow Agent’s attorneys-at-law shall be conclusive evidence of such good faith, in the absence of gross negligence, fraud and willful misconduct.
(e) The Escrow Agent is hereby expressly authorized to disregard any and all warnings given by any of...
Exercise of Existing Warrants. Simultaneously with the mutual execution of this Agreement and the resulting reduction in the conversion of the Existing Warrants into Amended Warrants at the Revised Exercise Price, the Holder hereby exercises a portion of the Existing Warrants, as converted into Amended Warrants, and agrees in connection therewith and pursuant to the terms of the Amended Warrants to purchase an aggregate of ___________ Warrant Shares from the Company at the Revised Exercise Price for a total cash exercise price of US$_______ (the "Purchase Price").
Exercise of Existing Warrants. Simultaneously with the mutual execution of this Agreement and the resulting reduction in the exercise price of the Existing Warrants, the Holder hereby exercises a portion of the Existing Warrants and agrees in connection therewith and pursuant to the terms of the Existing Warrants to purchase an aggregate of 1,194,440 shares of Common Stock (the "Warrant Shares") from the Company at the New Exercise Price for a total cash exercise price of US$200,000 (the "Purchase Price").
