Exercise Price and Number of Securities. Except as otherwise provided in Section 10 hereof, each of the Warrants are exercisable to purchase one share of Common Stock at an initial exercise price equal to the Exercise Price. The Exercise Price and the number of shares of Common Stock for which the Warrant may be exercised shall be the price and the number of shares of Common Stock which shall result from time to time from any and all adjustments in accordance with the provisions of Section 11 hereof.
Exercise Price and Number of Securities. Except as otherwise provided in Section 8 hereof, each Option is exercisable to purchase one Share at an initial exercise price equal to the Exercise Price. The Exercise Price and the number of the Shares for which each Option may be exercised shall be the price and the number of the Shares which shall result from time to time from any and all adjustments in accordance with the provisions of Section 8 hereof.
Exercise Price and Number of Securities. The Exercise Price and the number of Units underlying the Unit Purchase Option shall be subject to adjustment from time to time as hereinafter set forth:
(i) If after the date hereof, and subject to the provisions of Section 6.3 below, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Unit Purchase Option is for the purchase of one Unit at $7.50 per whole Unit (each Warrant underlying the Units is exercisable for $2.50 per share), upon effectiveness of the dividend, this Unit Purchase Option will be adjusted to allow for the purchase of one Unit at $7.50 per Unit, each Unit entitling the holder to receive two shares of Common Stock and four Warrants (each Warrant exercisable for $2.50 per share).
(ii) If after the date hereof, and subject to the provisions of Section 6.4, the number of outstanding shares of Common Stock is decreased by a consolidation, combination or reclassification of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each of the Units purchasable hereunder shall be decreased in proportion to such decrease in outstanding shares. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, issuable upon exercise of the Warrants included in each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants.
(iii) In case of any reclassification or reorganization of the outstanding shares of Common Stock other than a change covered by Section 6(a)(i) or 6(a)(ii) hereof or that solely affects the par value of such shares of Common Stock, or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not re...
Exercise Price and Number of Securities. Except as otherwise provided in Section 11 hereof, each Financial Advisor's Warrant is exercisable to purchase one share of Common Stock at an initial exercise price equal to the Common Stock Exercise Price. The Common Stock Exercise Price, and the number of shares for which the Financial Advisor's Warrant may be exercised shall be the price and the number of shares which shall result from time to time from any and all adjustments in accordance with the provisions of Section 11 hereof.
Exercise Price and Number of Securities. Except as otherwise provided in Section 10 hereof, each Underwriter's Warrant is exercisable to purchase one share of Common Stock at an initial exercise price equal to the Exercise Price. The Exercise Price and the number of shares of Common Stock for which the Underwriter's Warrant may be exercised shall be the price and the number of shares of Common Stock which shall result from time to time from any and all adjustments in accordance with the provisions of Section 11 hereof.
Exercise Price and Number of Securities. Except as otherwise provided in Section 10 hereof, each Representative's Warrant is exercisable to purchase one share of Common Stock and/or one Warrant to purchase one share of Common Stock at an initial exercise price equal to the Common Stock Exercise Price and/or the Warrant Exercise Price. The Common Stock Exercise Price and/or Warrant Exercise Price, and the number of shares and/or warrants for which the Representative's Warrant may be exercised shall be the price(s) and the number of shares and/or warrants which shall result from time to time from any and all adjustments in accordance with the provisions of Section 11 hereof.
Exercise Price and Number of Securities. Except as otherwise provided in Section 10 hereof, each Representative's Warrant is exercisable to purchase one Unit at an initial exercise price equal to the Exercise Price. The Exercise Price and the number of Units for which the Representative's Warrant may be exercised shall be the price and the number of Units which shall result from time to time from any and all adjustments in accordance with the provisions of Section 11 hereof.
Exercise Price and Number of Securities. Each Warrant is exercisable to purchase Warrant Shares at an initial exercise price equal to the Exercise Price. The Exercise Price and the number of Warrant Shares for which each Warrant may be exercised shall be the price and the number of Warrant Shares which shall result from time to time from any and all adjustments in accordance with the provisions of Section 9 hereof.
Exercise Price and Number of Securities. Except as otherwise provided in Section 11 hereof, each Placement Agent's Warrant is exercisable to purchase one share of Common Stock at an initial exercise price equal to the Common Stock Exercise Price. The Common Stock Exercise Price, and the number of shares for which the Placement Agent's Warrant may be exercised shall be the price and the number of shares which shall result from time to time from any and all adjustments in accordance with the provisions of Section 11 hereof.
Exercise Price and Number of Securities. Except as otherwise provided in Section 8 hereof, each Warrant is exercisable to purchase Units at an initial exercise price equal to the Exercise Price. The Exercise Price and the number of Units for which the Warrant may be exercised shall be the price and the number of Units which shall result from time to time from any and all adjustments in accordance with the provisions of Section 8 hereof.
